Bannon's War Room - Episode 3635： The Deep State Is The Modern Imperial Guard

00:00:00.000 this is the primal scream of a dying regime pray for our enemies because we're going medieval on

00:00:10.360 these people here's not got a free shot all these networks lying about the people the people have

00:00:16.940 had a belly full of it I know you don't like hearing that I know you try to do everything

00:00:20.760 the world to stop that but you're not gonna stop it it's going to happen and where do people like

00:00:24.480 that go to share the big line mega media I wish in my soul I wish that any of these people had a

00:00:32.720 conscience ask yourself what is my task and what is my purpose if that answer is to save my country

00:00:40.500 this country will be saved war room here's your host stephen k bann

00:00:47.200 okay we kick off memorial day weekends friday 24 may in the year of our lord 2024

00:00:54.920 we'll have special programming in and out today and of course tomorrow and uh we have our annual

00:01:02.100 uh show on uh monday and patrick k o'donnell will actually join me in studio we'll go through that

00:01:08.260 you don't want to miss it um where we um we honor our war dead here on uh every memorial day in the

00:01:15.760 war room julie by the way uh warpath coffee my producer was in my ear so i couldn't quite get it

00:01:22.940 out last time warpath coffee warpath.coffee at and you make sure you put in war room because you get

00:01:31.500 your 15 discount but here's what i want to do with all these things just go to the site

00:01:34.820 immerse yourself on all the information how these navy seals made the greatest coffee ever roasted the

00:01:40.220 greatest coffee ever the the diligence that they do to do this and then the response from the audience

00:01:45.580 you just really got to dive into some of the endorsements from folks just like yourselves

00:01:49.660 that have gone over there and i'm proud to say that the dark roast my baby that worked on these guys

00:01:54.880 with i guess almost two years uh the mariners blend right the mariners blend um not that we didn't love

00:02:03.480 that black coffee on the mid-watch on a on a navy destroyer but hey this is premium coffee you'll you'll

00:02:09.700 hit the spot julie kelly uh and just a heads up on social media folks you should know this julie kelly

00:02:16.160 is is indefatigable and uh as tough as boot leather but baby they are coming for you like and here's the

00:02:23.380 thing that upsets them most julie kelly you're not a lawyer that's the first thing they lead in there

00:02:28.100 julie kelly's not even a lawyer julie kelly's even the social media on these shows you're literally

00:02:32.840 blowing their heads up because you're actually going through the you're in the courtroom number one and

00:02:38.060 then you've been in the courtroom on j6 now you're doing this and you only do things that you can

00:02:43.280 document in receipts uh i am adamant as i've looked at and looked all your reporting what you're

00:02:50.020 exposing this fbi raid was what it was it was a show of force and they wanted to trigger reaction

00:02:56.080 there's just no doubt this is not a standard operating that standard operating procedure line

00:03:00.000 is nonsense i know you're doing more reporting on this can you show us a little leg on this about

00:03:05.140 where are you going with your investigation well i'm going to how despite what merrick garland and

00:03:12.280 you gotta love merrick garland coming out and responding basically to my reporting which was

00:03:16.540 based on defense motions trump's motion court motions and judge cannon unfeeling them it's not

00:03:22.660 like i made it up i just knew that this was going to hit the docket on tuesday and i was the only person

00:03:27.840 apparently paying attention to the docket so i was sort of lucky in that way to find this and post it

00:03:33.680 but for merrick garland to come out and say this is normal the fbi of course tuesday night a few hours

00:03:38.920 after my reporting coming out saying no no no this was a policy to limit the use of force no that's

00:03:45.600 not what the policy said very clearly says use of force policy not how to limit it of course there

00:03:51.680 are caveats that's typical but the idea so where i'm headed with this and i've been looking again at

00:03:57.940 some congressional testimony by steven d'antuano who was head of the washington fbi field office at the

00:04:02.740 time shockingly comes out as the good guy here because as you know steve he was just promoted

00:04:08.940 from the detroit field office after uh pulling off the whitmer fed napping hoax he actually fought

00:04:15.880 back against the doj jay bratt according to the washington post jay bratt who was the lead

00:04:22.240 prosecutor head of counterintelligence for doj he helped concoct this whole case he wanted to

00:04:28.700 execute the raid in may of 2022 based on nothing except a criminal referral from the national

00:04:36.200 archives who also were had already been in cahoots with doj and the biden general uh white house

00:04:43.020 general counsel's office to put this uh bogus case together the washington post reported jay bratt

00:04:49.800 wanted an armed raid in may and there was pushback from the fbi again that's how they got the subpoena

00:04:56.500 that was issued to the trump organization so i'm going back piece by piece from the very beginning

00:05:04.060 how there was nothing normal standard operating protocol procedure about this raid from start

00:05:13.160 to finish including the fact that these agents showed up her doj and fbi's instruction these agents

00:05:21.680 from washington and miami showed up in plain clothes no identifiable insignia no jackets no shirts

00:05:30.880 they were told not to even bring their badges so to your point and i don't concur with the idea this

00:05:38.440 was an attempted assassination plot i want to make that clear but to your point they set up

00:05:46.100 circumstances that very easily could have resulted in what dan bongino has identified a blue on blue

00:05:52.480 situation between armed secret service and armed fbi agents but also if donald trump as a former

00:06:00.320 president and a protectee of the secret service so is melania trump so was baron trump at the time

00:06:06.980 imagine if they would have showed up at marco demanded of course entry into their own residence

00:06:13.720 the secret service is sworn to protect them this very easily could have descended

00:06:21.200 into a very dangerous potentially deadly situation it's attempts listen and i realize you're you're the

00:06:29.260 straight reporter doing this i i can go off but no it's this is totally unacceptable and totally

00:06:35.280 unacceptable for for paperwork archives archives they have this and people say standard operating

00:06:40.140 procedures it's stand operating procedure when you go down where the four agents died the other day

00:06:45.900 you're you're just you're delivering a warrant on a guy who's a been a a felon and he's been in

00:06:52.620 prison for years he's got guns in his house right now that's what those kind of things are are you

00:06:56.480 going down kicking down the door in a cartel this is a president of the united states and it's in the

00:07:01.400 winter white house that's historic because of the she visit and the abe visit this thing's a national

00:07:07.440 icon this these these talking heads oh it's a standard procedure and byron donalds and these

00:07:13.460 people and i'd love congressman donalds when you get abby philbs you got to brace these people up

00:07:17.600 you can't be backing off of this it's an assassination attempt full stop you laid out the groundwork they

00:07:24.540 didn't know trump was going to be there not going to be there this is unacceptable these people are out

00:07:30.020 of control we just we just found out they've had these documents on biden here's what it is folks

00:07:35.560 this is like the end of the roman republic and the roman empire where the praetorian guard

00:07:42.500 actually encircled the the the emperor and eventually they started picking who it was

00:07:47.900 the the the national security state and deep state and parts of the pentagon are like a modern

00:07:53.660 praetorian guard they will protect they're going to select what's going to happen they're going to

00:07:59.300 do what they're going to do and you're just going to have to live with the way hey we ain't doing that

00:08:03.180 they're just as bad if not worse than george the third and what the brits were in 1772 three four

00:08:13.900 and five we're not going to tolerate it we're not going to tolerate i don't care how much they go on

00:08:20.740 there oh look at these people we're taking the country back and you know why we're taking the

00:08:25.760 country back look what was in the bronx yesterday president trump went there and did not pander to

00:08:31.960 those people he treated them like adults and he treated them most importantly like the cherished

00:08:36.720 american citizens they are and look at their feedback they've had a belly full of this they

00:08:41.620 know exactly what's going on and they didn't have to go to harvard and get a degree right and go

00:08:46.640 protest in the harvard yard to understand what's going on they're hard-working common sense americans

00:08:52.100 and people realize exactly what's going on here and we're not going to back off one inch and if you

00:08:58.380 don't like it then that's your problem because we're taking back this country and we're going to

00:09:04.040 set a new set of standards which are the traditional standards of how things have been run julie you're

00:09:10.540 a target baby they're coming for you hard you watch i mean they're they're on social media and on these

00:09:15.880 shows they say this julie kelly's a problem and she's a problem because she's indefatigable she goes

00:09:22.260 into the court and she reports the facts and they hate the fact that you're not you didn't go to

00:09:27.200 columbia journalism school and they hate the fact that you didn't go to harvard law school

00:09:31.120 they hate it they hate it julie fantastic work where do people get your work over memorial day

00:09:37.140 weekend ma'am thanks stevie i'll be working of course memorial day weekend and except for a few

00:09:43.180 breaks here and there like playing tennis this morning which apparently didn't appreciate that

00:09:47.720 but you know i do have to get some physical it didn't sit well with me

00:09:50.920 um so declassify julie kelly is my sub stack real clear investigations i also write for

00:09:58.780 and of course twitter julie underscore kelly too and true social julie underscore kelly

00:10:04.400 thank you ma'am appreciate it thanks steve from the beginning of the show today there is a common

00:10:12.320 thread and the common thread of things that we've been working on and working with this audience on for

00:10:16.360 years whether it's the the south bronx as we said the mega movement is a a growing movement and it's

00:10:22.700 a movement of every race ethnicity color religion it's people that love their country and will put

00:10:29.600 their country first and put american citizens first uh sergeant first class uh frank larose the

00:10:35.700 secretary of state and voter integrity how you do it right and how you stand up if the democrats are

00:10:39.860 going to play by the rules then they got to suffer the consequences solomon with these

00:10:42.860 investigations we've been all over for years remember we broke the laptop from hell

00:10:47.000 years ago julie kelly with her work now and we keep talking about we're in the early stages of the

00:10:54.680 kinetic part of the third world war and we had captain finnell and dr thayer they're going to join us

00:10:58.820 now with what's going on in taiwan but i want to start with you captain finnell cam finnell you're

00:11:02.780 adamant by saying hey folks see what you see there's already a million casualties in this war already

00:11:08.980 this thing is going this thing's rolling i mean tonight at six we're going to talk about sunak and

00:11:13.700 and the brits and one of the inside baseball are telling rahim and ben who are very dialed in

00:11:18.260 he doesn't want in because he doesn't want to be a wartime prime minister and that's happening

00:11:23.680 captain finnell start with you what's happening in taiwan but the bigger picture

00:11:26.940 the kinetic the third world war is rolling baby it's happening right now it's just that you if you just

00:11:33.280 take a look at the big picture we're already started the kinetic part captain james finnell

00:11:37.900 yes steve uh good evening and glad to be with you um what has gone on for the last 48 hours is what

00:11:45.980 the chinese announced on thursday uh or late wednesday thursday uh joint sword 2024 alpha and uh essentially

00:11:57.160 what's happened over the last 48 hours is that we saw uh pla rocket force uh batteries go out of

00:12:03.860 garrison and do uh mock fire strikes to use a word from their doctrine fire strike and ships go to sea

00:12:11.740 we had some 16 naval combatants surrounding taiwan uh bombers and fighters up with live ordinance and then

00:12:19.660 uh we also had the chinese coast guard for the first time operating around within two miles almost

00:12:25.940 three miles of uh the offshore islands of uh that taiwan holds just right off of the mainland of china

00:12:32.280 and also maybe east of taiwan which would be a first ever as well and uh so this has all been

00:12:38.540 percolating and what the most important thing of it is is that it's a it's a strangulation strategy that

00:12:44.960 the chinese are doing in order to prepare their military to have the capability to be able to conduct

00:12:50.740 uh an invasion of taiwan with very little or no notice and so they talk about you know that the

00:12:56.760 reason they did this is because the new president of taiwan lai in his speech mentioned two states and

00:13:03.160 so they use that as a pretext for all obviously they already had this exercise planned and in the bag

00:13:10.540 and ready to go and it didn't matter what lai said in his speech they were going to implement this and

00:13:15.560 what's important is that this is being done in phases and they mentioned yesterday in their own

00:13:21.080 press alpha bravo charlie and now today they're talking about a delta but the alpha bravo charlie

00:13:28.620 the abc represents their doctrine which is they have a doctrine for how they're going to invade taiwan

00:13:36.760 and they start off with a joint fire strike which is launching ballistic missiles anti-ship missiles all

00:13:43.160 these missiles that will rain down on taiwan and their military and their political leadership

00:13:47.600 then they'll establish air superiority in the joint anti-air raid campaign and then finally they'll do

00:13:53.600 the joint island landing campaign so i think what we saw in the last 48 hours at the operational level

00:13:59.200 is the testing of their command and control uh in a very short time period this is the third time that

00:14:06.360 they've done these exercises they did one back in august of 22 then they did joint sword the very first

00:14:11.840 joint sword april of 23 and now this one and those previous exercises were four or five days this one was

00:14:19.340 two days i expect phase bravo will be a two-day event phase charlie will be a three day a two-day event

00:14:25.740 and if there's a delta it'll be something else uh maybe short as well but the point is the chinese

00:14:30.860 command and control this is about commanding controlling forces and being able for xi and the central military

00:14:37.320 commission and the people's liberation army commanders uh being able to attack and control

00:14:42.780 this war with lightning speed what they used to i gave a speech 10 years ago we talked about a short

00:14:48.180 sharp war that's what the chinese want one last point in december the captain hang on one second

00:14:54.940 hang on we're just we'll get to the point we're gonna take a short commercial break dr thayer captain

00:14:59.040 finnell i want to warn you of a huge change that could be coming to our money in our bank accounts

00:15:04.920 first think back to 9-11 shortly after the government pushed through the patriot act this gave the

00:15:10.260 government power to spy on innocent americans by monitoring our phone and email and tracking our

00:15:15.940 movement across the internet now jim rickards editor of the independent financial newsletter strategic

00:15:21.960 intelligence and new york times best-selling author is warning about a coming event that could elevate

00:15:27.980 this governmental surveillance to a terrifying new level in fact some of the guests i've had on the

00:15:33.540 war room believe that the government will soon expand their powers to track our every move if we

00:15:39.160 say the wrong things on social media donate to the wrong causes buy firearms or even vote maga

00:15:45.540 the government may be able to shut us out of our bank accounts i can't say for sure if this will

00:15:51.600 happen but it's an interesting and dire warning fortunately jim rickards an american patriot and friend of

00:15:57.960 mine has made it his mission to educate us on what he believes is coming and how to protect

00:16:03.320 yourself from the possibility of programmable money watch jim's warning video now before it's censored

00:16:11.440 like i've been in the past go to rickardswarroom.com that's rickardswarroom.com now to see the video

00:16:18.900 here's your host stephen k bannett

00:16:22.260 okay in a moment uh jason trenner is going to join us and i just want to take the lead story on the

00:16:30.900 comment section of the washington times which is the best uh op-ed section in the nation

00:16:35.460 inflation is settled as an election issue wow remember he came on teased it last week amazing piece with

00:16:43.220 great charts we're gonna get to that in a moment uh captain finnell um the chinese communist party

00:16:48.980 in the pla and the people's liberation navy they don't seem particularly concerned about yours and

00:16:55.660 mine's beloved uh pacific fleet and particularly the seventh fleet uh doing this out in the open

00:17:01.560 and kind of up in our grill sir that's right steve you know people are talking about this as a message

00:17:07.840 to the new president of taiwan which it certainly is but it's also a message to the united states

00:17:13.100 our leadership uh and it's also the new commander the indo-pacific command admiral papro uh he's he's

00:17:20.340 going to be facing this he's just come into the job in the last month so this is a test for him even

00:17:24.860 though he was the pacific fleet commander before that so this is a very much a hey we're going to

00:17:30.200 take this and you can't do anything about it moment and i would just like to add one other thing um

00:17:35.480 you know we talked about this operational level stuff but at a kind of a strategic level people

00:17:39.980 talk about and i know admiral stavridis is you know sometimes pooh-poohs the capabilities of the

00:17:45.580 pla and says that their officers haven't ever fought in wars and things of that nature and so

00:17:50.280 therefore we're we've got an advantage and we're superior well just so you know the person that's

00:17:55.800 running the pla today was appointed in december admiral dong jong he's the first admiral in the history of

00:18:02.140 the people's republic of china to be in charge of the pla a land power has placed j has placed an

00:18:08.540 admiral in charge and this admiral 10 years ago was the first commander of the chinese east china

00:18:14.740 sea joint operations center 10 years ago he was the first commander of a joint operations

00:18:20.000 center that's right across from taiwan in the fujian province so we have a guy running the pla today

00:18:26.300 for xi xi xi ping that is the man that has been studying for a decade and planning and working

00:18:31.660 to seize taiwan and now he's running the entirety of the pla so we should be very concerned about this

00:18:37.980 because as i keep saying an attack to take taiwan isn't just going to kill taiwan citizens and taiwan

00:18:44.200 military it's going to kill americans and our allies in japan and other places but americans in the u.s.

00:18:50.400 7th fleet will be targeted whether they're in guam or whether they're in okinawa or coming out of

00:18:55.860 tokyo wherever they're at chinese missiles carrier missiles ballistic missiles anti-ship cruise missiles

00:19:02.420 hypersonic missiles are targeting could they send by the way you you gave up your career to warn america

00:19:10.120 about this over 10 years ago is it worse now than you thought it was going to be

00:19:14.840 uh well i talked about that this is the decade of concern and so i expected that we would be in

00:19:22.440 this situation i thought it'd be closer towards the end towards 2030 so we've actually moved the

00:19:27.800 the marker up five years my estimation no that's um can a can do you think they've got the capacity

00:19:39.160 right now i do look i disagree with stavaritas we were officers together at the same time

00:19:44.420 um the and i disagree with him almost everything except for the fact about fighting the ship

00:19:50.060 they don't have the experience that we have but man you read these reports of the mccain and stuff

00:19:54.420 you don't understand the seamanship or the do we actually understand how to fight these ships

00:19:59.120 um do you believe we have a possibility of having a carrier about with what you've seen and what the

00:20:05.000 pl the pla is putting up now that we could actually have a carrier battle group at the bottom of the

00:20:11.560 south china sea or the straits of taiwan well we're we're in the process right now swapping out

00:20:17.560 our four deployed navy carrier the uss ronald reagan is leaving and the uss george washington is

00:20:23.200 returning back to yukuska japan to be home ported there which came out there the first time in 2009

00:20:29.180 and uh we do have a risk because of these weapon systems the chinese call their counter intervention

00:20:36.720 strategy we call it anti-access area denial and so they've designed for the last 20 years weapon

00:20:42.640 systems that were specifically designed to sink the us uh pacific fleet seven fleet forces and so it's a

00:20:49.080 real possibility now we haven't been sitting on our hands and we've developed uh countermeasures to some

00:20:54.680 of these ballistic missiles and and anti-ship cruise missiles but it is a risk i don't think they can put

00:21:00.180 a carrier down to the bottom with just one missile uh so we have some survivability but it we have to

00:21:06.700 admit that it's a risk we have to know how to fight inside that envelope some people don't want to fight

00:21:12.300 in the envelope there's people in washington that want to get rid of our carriers and i think that

00:21:17.440 would be a big mistake right now we need our carriers and we need to be able to fight and we need

00:21:22.160 to be able to repair them like we did in world war ii so we need to go back in a in a way to people don't

00:21:27.660 want to do it but we need to think in world war ii terms this is going to be a kinetic war and if we're

00:21:32.500 going to survive and not just get blown out we're going to have to have repair and rescue

00:21:37.600 capabilities that we don't really have

00:21:39.880 we're being sucked into that kinetic war all over the place dr thayer the big picture here connect

00:21:46.540 the eurasian landmass uh with this war in uh in ukraine reuters reporting today uh

00:21:53.680 putin is prepared to sit down and talk to anybody as long as as long as all the territory that the

00:22:00.960 russians already have are theirs um we have reports that french american uk specialist technicians are

00:22:09.540 actually there working uh these uh missiles and missile systems and missile complexes that are

00:22:14.980 going into russia your thoughts sir well steve it's great to join you uh my thoughts are these first that

00:22:22.580 uh this is a way uh clearly of sustaining the war putin has had essentially a proposal for an armistice

00:22:30.040 on the table since uh september of 22 and um this uh in the latest form was evidently advanced in

00:22:38.880 february uh of this year and rejected by the biden administration which is determined uh to enter this

00:22:46.740 conflict uh ever more openly uh certainly there have been a covert presence uh you know you would

00:22:54.740 certainly expect the intelligence communities and socom to have a presence in ukraine this is now

00:23:00.660 expanding into as you identified uh essentially quote unquote technicians uh and others as a way of a

00:23:08.020 graduated escalation of this conflict of nato's direct involvement that is u.s direct involvement uh in this

00:23:15.760 conflict which is coming at a horrible time because to connect it as the war in ukraine is heating up

00:23:22.480 as biden is rejecting putin's armistice the war is heating up as uh jim finnell just identified it's

00:23:30.280 it's playing into xi jinping's hands uh on taiwan taiwan is obviously getting very hot uh very quickly

00:23:38.560 as uh as uh jim identified right that's also escalation uh occurring at the same time so biden is driving

00:23:46.560 it in europe xi jinping is driving it against uh taiwan and um can we meet these multiple threats well

00:23:56.000 ukraine is by choice uh taiwan is uh being driven by xi jinping's uh aggression full-throated uh aggression

00:24:05.680 and we're hard-pressed even in the best of circumstances to deal with it as jim identified

00:24:11.600 yeah the the the higher trump goes in the polls you watch the more aggressive china is going to get

00:24:16.800 folks got to understand i asked trend at this we lose taiwan this country's going to go into a great

00:24:22.080 depression uh like that afternoon we lose the gdp will drop 25 because the lack of advanced chips uh

00:24:31.600 dr thayer your book warned us about this and tells us how we can get out of it where can people get

00:24:36.320 the book where they get your writings uh jim finnell and i wrote embracing communist china america's

00:24:42.320 greatest strategic failure you can get it at amazon or wherever you buy books and steve thank you very

00:24:47.040 much for writing the forward to it uh and then i met uh bradley thayer at getter and at truth and brad

00:24:53.040 thayer at x uh thanks very much uh steve for calling attention to this this is getting very hot and very

00:25:00.800 quickly so it's uh no captain finnell i know you're not on social media just give me a minute at the

00:25:08.000 end of how dangerous is this situation in taiwan right now for the american people not just the

00:25:13.120 taiwan people but for the american people if taiwan falls steve it will as you said it will dramatically

00:25:19.680 alter uh our economy uh it will also it's not just that china wants taiwan they don't want to stop

00:25:27.680 just at taiwan they have a global aspirations and g talks about global security initiatives global

00:25:34.080 development initiatives global civilizational initiatives their belief is that their restoration

00:25:40.400 to the rightful place under the sun is to be the global superpower so they're not just going to stop

00:25:45.520 at taiwan and it's going to unleash holy hell out there because they won't stop at the taiwanese

00:25:50.480 japan will be next hawaii certainly and then the west coast they're underwriting the mullahs in persia

00:25:58.000 and they're underwriting the kgb in moscow captain finnell eventually we'll get you on social media

00:26:03.040 somehow we'll have dr there working with you thank you fantastic book great warning

00:26:09.360 and finnell's a hero because he gave his career up to warn the american people about this and it's all

00:26:13.760 come true we'll be all over this weekend uh this uh situation in taiwan that we've warned people

00:26:19.120 about jason trenner uh joins us uh chairman of strategist jason before i talk about inflation

00:26:24.880 if taiwan is wall street taking because you know the lords of easy money and the tech oligarchs all

00:26:30.400 they don't want to decouple are they taking it seriously enough uh sir about the the potential fall of

00:26:36.400 taiwan i don't think so i i could i could just tell you no one's talking about it and i spend

00:26:42.560 my days uh traveling around the country talking to institutional investors and i think in many

00:26:49.280 ways quantitative easing uh lulled both investors and policy makers into a false sense of security

00:26:55.280 about uh about inflation about interest rates and i think that's also extended to geopolitical

00:27:00.960 concerns i think generally speaking there there's a feeling that we're um i don't say bulletproof but

00:27:06.880 but uh that whatever problems that come uh come our way that the fed will fix them and so

00:27:12.240 in some way and uh i i can't remember the last time i i talked to an institutional investor who

00:27:18.560 talked seriously about the possibility of china taking taiwan well hang on for one second we're

00:27:25.520 gonna hold you through the break i want to get into this it's on the cover of the finest uh op-ed

00:27:29.760 section used to be the wall street journal not anymore it's uh the washington times inflation

00:27:34.960 is settled as an election issue president biden has lost re-election bid and this is from jason

00:27:42.160 trennan throwing bombs uh early on a uh on a friday morning here amazing piece we're gonna take a short

00:27:48.640 commercial break what we need we need this audience at the ramparts that's where we have the most power

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00:29:29.920 best in the business talk to the consultants mypatriotsupply.com here's your host stephen k bannon

00:29:37.600 okay jason walk us through the theory of the case here you're you're saying the you're saying the

00:29:45.600 the decades of quantitative easing and the mindset the lords of easy money got into a mindset and now

00:29:53.280 that is impacted and just the the modern monetary theory took hold and we're paying the price but

00:30:00.720 that the american people revolting against it and you're saying that's what's going to end uh the biden

00:30:05.520 regime yeah listen i think i think there there are uh certainly the biggest issues in this campaign

00:30:12.240 are inflation and and immigration and the point i make simply is that it's the cumulative effects of

00:30:18.160 inflation over the last three years uh that make this all but settled as far as an election issue

00:30:24.720 president biden has lost this issue you're not inflation is not going to fall enough between now and

00:30:29.920 the election so that people feel differently about the biden administration spending and its role

00:30:36.160 in the growth of inflation so that's the that's the theory of the case and i'm i'm not quite sure

00:30:41.200 what could change that aside from an exogenous event that led to deflation uh but that wouldn't be good

00:30:47.200 for an incumbent either so um they're not they're not a lot left to do it seems to me uh for donald trump

00:30:54.560 i believe has won this issue uh president biden has lost it how what what steps because you just

00:31:03.440 saw the other day they just they just wrote off everything on the student loans what other moves

00:31:08.800 in the short term do you think they're going to try to do that will that will put us farther and

00:31:13.440 from because when you read your piece here in the washington times and we'll send it out to everybody

00:31:17.120 today grace and mo and uh and uh carly bonnet hopefully over at uh at um midnight rider and

00:31:24.160 others um could you make the case having what he's done today is putting us farther and farther behind

00:31:30.960 the curve of actually coming up with a solution what additionally think they're going to try to do

00:31:36.960 to juice the economy with devil catch the hindmost about the important things of inflation and debt yeah

00:31:43.040 well steve as you know all presidents want to get reelected all presidents try to grease the skids

00:31:48.000 and and maneuver the levers of government to get reelected but i would say president biden and the

00:31:52.880 by demonstration have taken it to an art form and your friend of mine scott besant we were laughing this

00:31:59.120 isn't marcus of queensberry rules this is you know worldwide wrestling federation type stuff we released

00:32:05.920 oil from the strategic petroleum reserve earlier this week that strategic petroleum reserve is at its

00:32:11.680 lowest level since 1983. we are running budget deficits that are seven percent of gdp something

00:32:18.560 we've never done when the unemployment rate was below seven uh it's now below four so we're spending money

00:32:24.640 as if we're in recession when we're not um we're also um we're also sending out employee retention tax

00:32:32.160 credit checks again um we've uh we have um taken 160 billion dollars of student debt and cancelled it

00:32:40.880 which is it's of course debt is not cancelled at all it just gets put on the on the backs of taxpayers

00:32:47.040 uh and then janet yellen who i think unfortunately is embarrassing herself as an economist now

00:32:53.120 i think she was a very i think she was a good uh chairman of the federal reserve i think she's a

00:32:58.080 very poor treasury secretary but she has also stopped issuing long-term debt largely and issued much

00:33:04.480 more short-term debt uh bills instead of coupon debt at 10 years so issuing a lot more a third of our debt

00:33:10.640 matures in the next year so all of these things are going to make it harder uh your post november uh to

00:33:18.480 get uh to right the ship and certainly all this makes it much harder to fight inflation there is

00:33:23.600 absolutely no coordination uh between fiscal policy and monetary policy right now i've not been a huge fan of

00:33:30.480 of of of the powell uh fed in some ways uh but they are trying uh but they're getting absolutely

00:33:35.680 no help from the administration what about you got now finally jamie diamond and guys are coming out

00:33:42.880 and saying hey uh you've got the monster but you got this fiscal insanity you just can't keep doing

00:33:48.640 that is is wall street at all where you just you just dropped a bomb here by saying hey you go around

00:33:53.200 the country and they don't even think about taiwan taiwan that if taiwan fell that we'd go into a great

00:33:59.280 depression immediately i mean the advanced chip design and you can start all the factories you

00:34:03.600 want in japan and you can try to do down in phoenix and that's fine that's going to take 10 it's going

00:34:07.200 to take a decade because because the chip design and manufacturing is both a science and an art

00:34:14.000 okay you just can't you just can't move the stuff over immediately um you're saying they're not even

00:34:18.400 thinking about that the big thinkers i'm thinking about that where where are they coming out on this seven

00:34:23.760 percent of uh of gdp and the fed completely being accommodating all the time see you know steve

00:34:30.000 this is it's a little bit this gets into bread and it gets into modern monetary theory because there's

00:34:34.640 a bread and circuses element of uh the policies that have been pursued for a long period of time

00:34:40.880 which is to say if you can keep the stock market high enough uh people forget about things that are

00:34:45.760 really important or whether they're uh sustainable uh and in my opinion that's what's happening uh right now

00:34:52.560 people understand this isn't sustainable but uh as as we talked about janet yellen in late october of

00:34:59.360 last year stopped issuing 10-year treasuries and started issuing a lot more bills that brought 10-year

00:35:04.800 treasury yields down from five percent to 380 by the end of the year and whatever whatever discomfort

00:35:11.840 that created for the stock market uh faded very very quickly so again there's a certain element of just

00:35:18.640 doing things uh just to get from one day to the next uh it's working it's lulled people i think into

00:35:24.160 a false sense of security it is hard to go into recession when you're running budget deficits this

00:35:29.120 high but i will say there is a cost to avoiding a recession at all costs and that is higher inflation

00:35:34.800 and that that's what we've tried to develop with this common man cpi it look you took you took if you

00:35:41.440 took the which is right on the cover of this everybody's going to read the uh article if you took if

00:35:45.600 you took out the spending it wouldn't be the one point six percent anemic growth we'd already be in

00:35:50.640 a real session we talk about real stuff and talk about the real growth where's real growth coming

00:35:55.760 from this not i think the federal government's the 25 or 35 percent of all jobs created just federal

00:36:00.880 jobs government that's right and the last thing we talked about government yeah go ahead go ahead

00:36:05.920 no i would say and also government government adjacent jobs right so which is yes health care

00:36:11.040 education a lot of things that are subsidized that's it's a fancy way of saying that the

00:36:15.600 subsidized industries are where a lot of the growth is happening from the spending we talked we had

00:36:22.400 kevin finnell and and dr theon here talking about really the national security or military part of the

00:36:29.840 post-war international rules-based order that's now coming under pressure and obviously the third

00:36:34.960 world war started you're getting into kinetic phase but the underpinnings of that order is brenton woods

00:36:41.760 are the the brics nations are actually because i tell people hey all these brics nations presidents

00:36:47.040 and treasury guys they all went to they all went to chicago or sloan or they got an hp 12c and they

00:36:53.440 have very bright young people working around they can work they can do net present value they're actually

00:36:58.400 they're the logical actors in this aren't they because these central banks are looking to buy more

00:37:03.040 gold or resources to back up and they're trying to figure out they got to get they got to get a system

00:37:07.680 it's going to be very imperfect and take a while but they understand the elites particularly the

00:37:12.000 financial elites in the west are on this crazed mission around modern monetary theory and they

00:37:17.840 don't want they want to opt out and they're going to opt out by creating some sort of alternative to

00:37:22.800 the dollar or do you agree that they're the rational actors here i think i think so i i don't think

00:37:29.680 listen i think the chance of the u.s losing the reserve currency status among fiat currencies is very

00:37:35.120 low and that's simply because of inertia it's on about 90 percent of every pair uh trade uh versus

00:37:42.800 currencies but the dollar has lost an enormous amount of money versus gold in the past 10 years

00:37:47.600 federal debt is up 97 percent gold is up 94 uh versus the dollar uh so um you've lost about half

00:37:57.280 your purchasing power versus gold uh as an american who holds their wealth uh in u.s dollars and so

00:38:03.920 we're already losing uh value uh and it seems to me there is no divine right to a reserve currency

00:38:10.720 countries always lose the reserve currency in the same ways it's through bed and circuses it's

00:38:15.280 through foreign adventures it's it's basically by thinking it is a divine right to have the

00:38:19.840 currency and therefore it becomes abused it's the exorbitant privilege and that's why there's nothing

00:38:25.280 modern as i said about modern monetary theory it is as old as humanity itself and it always leads to the

00:38:31.680 same awful outcome which is to make people poorer the road to serfdom jason trey where do they get just

00:38:41.600 peace and where they get common man cpi everything you do over at your funds where do people go to get

00:38:47.120 you yeah sure uh so www strategus etfs.com and then my twitter handle is at jason trenert underscore

00:38:55.840 and uh those are the places you can uh you can follow us thanks steve

00:39:01.600 fantastic i'm glad the washington times got on this because it was magnificent really great piece

00:39:05.920 great charts very simple to understand and according to jason trenert uh president biden

00:39:11.760 has lost his re-election bid because the issue of inflation has been settled and hey if you talk to

00:39:17.440 those folks in uh in the south bronx yesterday they were 100 it's over inflation is killing them so

00:39:24.400 thank you sir amazing yeah steve and and one more thing just the poppy yeah the poppies just we're just

00:39:30.240 trying to one of the things we've done at strategus over the past 12 years is we've tried to bring the

00:39:34.400 poppy back to the united states ahead of memorial day obviously it's very common uh very commonly

00:39:40.720 used ubiquitous in the commonwealth uh but it was actually a practice that was started here in the

00:39:46.320 united states after world war one by uh university of georgia professor moina michael became known as

00:39:52.400 the poppy lady so we're trying to get people to to wear poppies and remembrance of those fallen

00:39:57.760 uh where do people where do people go to get this it's a great american legion you go you just go to

00:40:05.440 the american legion website and they'll sell you as many and they're they're very inexpensive uh but

00:40:10.720 it's it's a very very inexpensive way to show um that you care for those that uh that sacrifice so

00:40:17.840 much for our freedoms uh jason amazing we'll send everybody over there and thank you the great way to kick

00:40:26.080 off a great way to kick off a memorial day weekend thank you sir by the way if charlie can do it now

00:40:32.960 we'll do it now we'll do it i thought it was at five o'clock trying to get charlie kirk on

00:40:37.200 about the people's convention remember there's two conventions come with the rnc convention but

00:40:41.680 there's a lot of action happening already the people's convention is going to be in a couple weeks

00:40:45.920 in detroit you want to make sure charlie gets up i thought it was five o'clock i thought but hey who am

00:40:50.640 i just my traffic cops will tell me um i don't think we could have done a better job on kicking

00:40:58.080 off memorial day weekend with the top issues of the day uh in this fight the 30 front war

00:41:05.840 the good news is with the summer starting this is the official start of the semi-official start

00:41:13.120 of summer you still haven't had what is it uh june 21st i guess is the solstice june to september

00:41:19.520 but traditionally it's memorial day to labor day uh in an election year uh in in better but to

00:41:26.640 remember one week from today one week from today you're probably going to have reporting out uh the

00:41:34.720 jury right if not it'll be it'll be early the following week i'm i'm sure and and things will

00:41:41.760 change it look obviously they're bogus charges obviously it's been a fiasco obviously with cohen

00:41:47.600 and all things it's just a nightmare and in any other time and first i've never been charged but

00:41:53.040 president trump would not just be exonerated but would be praised for having gone through this

00:41:58.800 the unfortunate reality of where we live with lawfare is that they're coming after president

00:42:04.400 trump the thing's totally gundacked uh you can see that's pretty obvious but the jurors are going

00:42:10.640 to come under incredible pressure that jury is not really a sequester it's not a jury that's not

00:42:16.560 known there's enough information out from them and they purposely didn't have the closing arguments

00:42:22.880 until tuesday because they want the jury to go home and you know at the barbecues because people

00:42:28.320 know who these people are now you know you've been missing work for the last four weeks on wednesdays and

00:42:33.360 and uh and and and are only at work on wednesdays and fridays you're taking three days off for weeks and

00:42:39.680 weeks and weeks so people know who they are and they want their they want their relatives and friends to work

00:42:44.160 come over the weekend in in the new york uh left-wing environment the fever swamps of manhattan uh if

00:42:52.480 you're the one that that helps hang trump you're you're a hero you'll be a hero for life think of

00:42:58.560 the pressure on those jurors the one or two or three that might try to hold out the pressure and to be out

00:43:04.480 it remember there's the the left is the they're marxist they're depraved there is no issue the only

00:43:10.880 issue is the revolution they're they're they're depraved it's depravity these these jurors will

00:43:16.800 be under constant assault can you imagine if you took your kids to public school and you were one

00:43:21.440 of these jurors what would happen well that's what's going to gnaw on them and that's one of the reasons

00:43:26.720 they're taking off for these four days to make sure these jurors get worked short break back in a moment

00:43:31.520 can't pay the irs you haven't filed in a while receiving threatening letters hey it's about to

00:43:41.440 get worse you know why the irs is hiring an army of agents targeting hard-working americans like you

00:43:47.680 they ain't going after the billionaires they're coming after you and you need warriors on your side

00:43:54.000 you need tax network usa tax network usa has a brilliant strategy to solve your irs problems

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00:44:06.080 is willing to waive one billion dollars in penalties let me repeat that the irs is prepared

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00:44:19.760 never let the irs come at you alone let tax network usa's attorneys handle it they have preferred

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00:44:47.040 your free consultation let me repeat that it's a free consultation now call 1-800-245-6000

00:44:55.120 that's 1-800-245-6000 or visit the website tax network usa.com slash bannon that's tax network usa.com

00:45:05.680 slash bannon here's your host stephen k bannon

00:45:12.560 okay um packed today and over the weekend tremendous shows tonight um i'll be back here at five o'clock charlie

00:45:20.720 kirk's gonna follow us charlie i'm trying to talk charlie into coming on the 5 p.m show

00:45:26.160 to walk through the people's convention you don't want to miss this it's going to be uh

00:45:29.680 three days of just intensity we're also going to be doing some stuff with cane citizen kane

00:45:34.800 we'll announce later so we've got all types of activities we'll have the show there real

00:45:38.400 america's voice will be there etc charlie follows us at noon charlie kirk show then jack

00:45:43.920 posobic and you can't with taiwan and ukraine everything happening you got to watch posobic

00:45:49.360 one of the smartest guys i know in this area uh miranda khan tara doll back at four here on real

00:45:56.080 america's voice and we're five to seven and really want to thank the real america's voice team for

00:46:00.880 helping and they produce now the six o'clock show so really really thank those guys uh for that uh

00:46:06.640 josh okay so you see this thing in inflation and it ain't stopping if you read jason trenton remember

00:46:11.520 jason is one of the smartest advisors to these hedge funds community to the community and they

00:46:15.840 only pick the best that's where you got to read this thing they're not there there's no slowdown

00:46:22.080 coming in the spending therefore inflation is is going to continue to increase the only way they're

00:46:28.720 and and uh warren buffett told you three weeks ago at the berkshire hathaway saturday shareholder

00:46:35.040 meeting when he kind of you know goes and gives his oracle of omaha pontification look he's a smart

00:46:40.080 guy a very smart investor he said hey then they no political will cut spending the only thing to do

00:46:45.680 the only thing to do is to um that you've got to you're going to they're going to get raised taxes

00:46:51.200 massively on the middle class and it's not going to come through the wealthy josh hannah here from

00:46:56.400 a tax network usa they're coming from blood out of the stone sir what what do you guys do to help

00:47:01.920 protect people uh first and foremost we make sure that we don't submit any documentation that the

00:47:09.040 government isn't entitled to so we work within uh we're within the code and make sure that we keep

00:47:14.640 our clients protected uh you know and effectively reducing settling resolving their tax matters

00:47:23.040 so tell me one of the things we're doing that we do this with the done with dead guys on credit cards

00:47:27.760 you get the letter the worst thing they give you notification there's two bad things you do number

00:47:33.680 one just put it in a drawer and hope it goes away because it ain't going away number two is actually

00:47:37.520 call them right away and engage them engage with them before you talk to anybody is that

00:47:42.880 is that the two things that you cannot possibly do you can't put it in the drawer because it's not

00:47:47.120 going away but you also just can't call them right away and get in get engaged with them correct

00:47:53.360 exactly you know and this is a lot worse than any credit card company or any bank uh this is the

00:48:00.160 irs they're the strongest collection agency in the world okay and when you call them that treasury

00:48:05.920 officer although they might be nice uh they might uh you know appear like they're they're looking to

00:48:11.520 help you no they're looking to collect they're looking to build revenue for the government they're

00:48:15.920 looking to get you on the highest interest uh with failure to pay penalties even when you're paying

00:48:21.120 every month uh so you know you never want to waive your rights you don't want to get on the phone

00:48:25.760 with your accuser and you don't want to pretend like you know the tax code you want a professional to

00:48:29.680 call on your behalf and make sure that they know uh that they can't overstep their boundaries uh

00:48:35.760 and like i said give them exactly what they're entitled to

00:48:40.800 so tell me walk me through tax networks usa where do people go to the site what do they do how do

00:48:46.080 they engage with you guys to find out hey how you can help them how you can cap uh what they owe

00:48:51.920 how you can stop the interest from accumulating all these horrible things that happen if you don't

00:48:55.760 engage in the process it is a process in that process you do have to engage in so where they

00:49:00.880 go what do they do so the best thing they could do is pick up the phone right now and call the toll-free

00:49:06.080 number 800-546-1000 that's 800-546-1000 when you get on the phone uh it'll be a private consultation

00:49:15.920 uh we'll run run you through a series of questions that mirror the irs's program

00:49:21.120 we'll figure out what what program is best for you there are some tax planning strategies we can

00:49:25.680 put together uh to reduce your balances and future taxes that are owed but really it's just picking up

00:49:31.040 the phone if you can't pick up the phone right now uh i think uh the best bet would be to go to tnusa.com

00:49:37.680 fill out a secure form set up a a time for us to call uh and we'll call you at that uh time that

00:49:43.760 best fits your schedule and uh in the original consultation is totally free right they call it's

00:49:49.280 totally free consultation the first one absolutely uh and sometimes you know that that call can trail

00:49:55.520 you know you know 30 or 40 minutes depending on the complexity and we don't charge uh for that first

00:50:00.640 call so completely free free perfect so once again website and phone number where they go

00:50:08.320 1-800-546-1000 that's 1-800-546-1000 they can call right now i have agents uh you know sitting sitting

00:50:16.240 waiting for calls right now uh they'll take you through a brief consultation or visit tnusa.com

00:50:22.080 slash bannon make sure you put the slash bannon so we know where you're coming from

00:50:26.880 yeah thank you brother appreciate it remember the 10 000 irs agents they're not going after the

00:50:32.880 wealthy because the wealthy have tax lawyers tax accountants all of it they're coming after the

00:50:37.520 middle class and working out so they're going to get blood from a stone come hell or high water

00:50:42.800 mike lindell to kick off a memorial day weekend let's kick it off with some deals brother people

00:50:48.320 waiting for you they're chomping at the bit and everybody you talk about the taxes they're coming

00:50:53.520 after my minnesota employees now that were working from home just like they did before in these other

00:50:58.400 states so they need your help they don't want them to work from home on commission we're giving the

00:51:02.880 war room the biggest weekend memorial weekend sales in history we still have our percale sheets

00:51:08.160 for the box store canceled you can get the queen size for 26.98 and the king size for 29.98 that's

00:51:16.080 what the box store was going to pay me for them there's no middle man you guys get them wholesale

00:51:21.200 right to you and if you go now to the war room square on my pillow we're running our mattresses

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00:52:07.920 weekend the war room posse is at our back great my employees of minnesota call them up now if you can

00:52:13.840 with that 1-800 number there 800-873-1062 tell them we got their back we're not going to let the irs get to

00:52:21.680 them mike lindell thank you we'll see you this afternoon what a way to kick off uh memorial day

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00:52:33.120 memorial day weekend's here the official kickoff to summer we're going to have our special memorial

00:52:38.480 day special on monday with patrick k o'donnell where we honor uh america's war dead tomorrow we're going

00:52:46.080 to have also a special um you're going to love it but what a way to kick it off about politics today

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Bannon's War Room - May 24, 2024

Episode 3635： The Deep State Is The Modern Imperial Guard

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