Episode 4299: The Rise Of The New White House Press Corp
Episode Stats
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Summary
In this episode of The Weekly Standard, Steve and I sit down with the White House Correspondent, Natalie Winter, to discuss all things White House. We cover: - The White House Press Conference - What's going on in the cabinet room - Who's going to be the next cabinet secretary? - How many more tax cuts are we're going to get? What are the cuts to the federal workforce and what will they mean for the economy - Is this a good or bad thing?
Transcript
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in kind of a question and answer press conference
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today uh... he's doing executive orders i think it's been pushed to five will
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the information war here i think it's fantastic and i think we expect a lot
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more to caroline levitt and that team going forward looks great steve i'll
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hand it off to you and as always folks if you want to learn a lot about
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watch the war room with steve bannon thanks steve
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eric thank you so much honored to do this okay we're gonna be going to the
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white house momentarily big afternoon at the white house also
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jeremy brown was released uh... this afternoon and we're gonna go to uh...
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we're gonna go to jerry brown's lawyers let's go and play let's go bring the
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then we'll go to the white house and our white house correspondent
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uh... what i'm working on is too sensitive or classified to describe
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and what is your target number for how many workers employees you're looking to cut total
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a job that is essential and doing that job well
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uh... but if if they're if the job is not essential or they're not doing the job well
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they obviously should not be uh... on the public payroll
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uh... i'd like to add wait a minute wait wait i'd like to add that those million people that haven't responded though
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you know they haven't responded now maybe they don't exist
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maybe we're paying people that don't exist don't forget we just got here this group just got here
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uh... but those people are on the bubble as they say you know they may be they're going to be gone
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maybe they're not around maybe they have other jobs maybe they moved and they're not
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tight administration they spent money like nobody's ever spent money before
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the green news scam all of the different things they spent money on
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some of the things that i read in speeches i read them and people can't believe when i read them
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you know a little educational costs on something circumcision right circumcision
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to uh... inform the people of such and such a country
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right now we're trying to find out who those people are that haven't responded
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i have a question back on these cuts to the federal workforce
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you mentioned you you're interested in doing another round of this email
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when would you like to see that what would be the deadline and this time
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i think elan wants to and i think it's a good idea because you know those people
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you got a lot of people that have not responded so we're trying to figure out
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and it's possible that a lot of those people will be actually fired
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that's okay because that's what we're trying to do this this country has gotten
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i think we had the worst president in the history of our country
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what he's done to our country by allowing millions of people to come into our country like that
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and all of the other things the inflation which he caused because of energy and stupid spending
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to spend hundreds of millions trillions and trillions of dollars on the green news scam
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i have the best energy people the best environmental people in the world around this table
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and they they can't even believe he got away with it
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and then in leaving office to send 20 billion dollars here and 20 million dollars there
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and 10 million and 5 million and they couldn't spend the money fast enough
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and let's get it out before trump gets in let's just get it out to anybody
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this is a disgrace to our nation and you don't write the fair thing but
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look you know the good news the people see it and that's why we won the election by so much
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and my guess is that there's going to be a combination of a lot of creative accounting tricks
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there's going to be a combination of nipping around the edges at some of these programs
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i think they're probably going to try and and argue that the doge cuts are going to allow them
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to implement these tax cuts there's going to be a lot of creative ways to present this budget bill
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in a way that attempts to accomplish all the goals that they're looking for
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the exact form and fashion of how that actually comes out in the wash is yet to be determined
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but that i think is almost a secondary conversation to what the focus should really be here
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over the next couple of weeks and that's the existing government funding structure
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which right now is in real danger of not being reauthorized i mean we're less than a month away
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from a funding deadline and that requires democrats to participate they have to get 60 votes in the
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senate in order to make that happen i mean we're barreling towards a government shutdown all the
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focus is on reconciliation but at that point that really doesn't matter as much as getting
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government funding extended in the near future and democrats there have been lots of sort of national
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security norms shattered the comey have been fired as well but people weren't feeling that right
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covid is years away um they they weren't they weren't feeling the mismanagement and i and i take your
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point about what musk is doing is that trump's direction i think that's right but i i i think what's
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extraordinary about this go-around is that trump has greenlit damage to the american people in a way that
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that you know again he at least seemed to to try to in his own mind obsessively shield his people
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from harm the first time around yeah um and you know what's going to happen when elon musk goes into
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atf and wants everybody's gun information um you know we've got people in my state that fought real id
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because they didn't want the government to have a real id on them and now these same people are
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supporting the president who's letting this private citizen richest man in the world get all of their
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personal information and and frankly the other thing about this nicole that we got to talk about
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is the lack of transparency here the only way people are hearing about what he's doing is on his privately
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held company the head of advertising the head of x actually threatened advertisers a few weeks ago
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the wall street journal covered it she said to the advertisers you know you better get on board or
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else so you've got this guy leveraging a private business that he was way underwater with now the
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only way we can find out about how the government is taking our private information and firing people
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that impact our lives is through his private company how is that done in america and how can voters
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approve of that i i just think we need to spend more time on how they're doing this in the dark
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except what elon wants to put out on his company's websites
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this is the primal scream of a dying regime pray for our enemies because we're going to medieval on
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these people here's not got a free shot all these networks lying about the people the people have
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had a belly full of it i know you don't like hearing that i know you try to do everything
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the world to stop that but you're not going to stop it it's going to happen and where do people like
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that go to share the big line mega media i wish in my soul i wish that any of these people had a
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conscience ask yourself what is my task and what is my purpose if that answer is to save my country
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this country will be saved war room here's your host stephen k bannon
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it's wednesday 26 february the year of our lord 2025 of course action today at the white house action
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day on capitol hill on the doge subcommittee we covered them both this morning we'll have clips
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for you during the next two hours just some logistics and housekeeping let's get out of the way
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president was supposed to be signing executive orders and having another press avail at three
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o'clock i think that's been bumped till five hopefully when we get that on tape we'll come right
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back and show that i think the president's also going to take questions uh at the executive
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order signing natalie winters as at the uh at the white house a lot going on natalie today i think
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an hour and 10 hour and 20 minutes live really a press availability uh in the cabinet room before he
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started his first cabinet meeting and he let elon moss talk first they talked dozer a lot uh president
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trump kind of went on a couple of riffs there particularly about spending as the uh as the
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kindling gets ready for the firestorm that's going to happen on capitol hill about march 14th and
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everybody's now focused since they passed the budget resolution last night for the reconciliation which
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quite frankly could be done at any time i know people want to do it so the tax cuts are extended
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uh into this year but uh the 14th of march hangs over like a specter over capitol hill natalie winters
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just absolutely glorious in terms of a mainstream media beat down by president donald trump i think
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after you saw the q a exchange today honestly i don't even understand why the white house
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correspondents association would want to be in that room anymore but i think today's historic
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for so many reasons first and foremost obviously the mainstream media i guess i should say the legacy
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media is just like a dog with a bone following this idea that doge is something that is radically
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and woefully unpopular with the american people but like we've seen in that harvard poll and like you
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can see in a lot of crosstabs from just a lot of state-by-state polling the issue of doge is something
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that is overwhelmingly supported by the american people and there's this astroturfed narrative going on
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and i'm not just talking about because all these town halls popping up that you're seeing are being
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bankrolled by democrat activists but the mainstream media is so quick to impugn malign and attack anything
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that doge is doing when in reality the support among american people exists for it and i think there's
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this idea that there's no transparency surrounding what doge is doing yet in the same breath that the
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mainstream media is peddling that narrative they're also condemning and criticizing right elon musk
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for showing up at today's press briefing we heard that narrative i mean i don't even know how many
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times from all the tents just down here but i think another very important you want signal not noise
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moment coming out not necessarily of the white house but sort of the other side of the coin what
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was going on on the hill today at the doge hearing marjorie taylor green talking about a lot of this usaid
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corrupt grant money they're not merely content just stopping and cutting these grants they want to look
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retroactively and investigate the people who have been profiting off not just the fraud and abuse and
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the waste but the intentional racketeering and dare i say money laundering and when i say money laundering
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i think that probably brings me to my third and most important point about what we saw go on at today's
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cabinet meeting obviously a lot a lot of questions about ukraine you can sort of see it ingrained and
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emblazoned in every legacy media reporter's mind the idea that president trump is a russian asset so
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they're always trying to make him look like he's cozying up to putin but obviously that's not the
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case frankly their questions are lackluster and steve i would love to get into the sort of
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reformation of what they've been doing in the press briefing room here i obviously spend a lot of time
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here i have a front row seat to the sort of internal meltdown that's been going on over that but in terms
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of the summary of the cabinet meeting i'll leave it at that yeah i want to go to immediately i'll come
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back to some of the details on on uh particularly usaid in ukraine but i want to go mother jones i
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guess one of the most respected uh magazines and particularly investigative magazines on the left i
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think david corn is now the editor over there they've got a uh they've got a major article called
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meet the new state media and of course uh you natalie uh um war room real america's voice others
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breitbart boyle uh other folks that were colleagues of take a front row seat and it's i think they got
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a quote in here from uh margaret sullivan the former editor public editor of the new york times saying
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these are not traditional journalists they're more like propagandists talk to me about the mother
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jones piece are we in fact the new state media ma'am and i quote this new crop of people who have
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been given extremely good access are not journalists in the traditional sense they're closer to propagandists
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than journalists now just for the audience i want to give you a sense i'm standing here surrounded by
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probably every legacy media outlet ever so as i'm about to go on this rant maybe just pray for me a
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little bit but here's the thing it's not just that these mainstream media outlets these legacy media
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outlets might i add not just failing but failed legacy media outlets have lied to the american people
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for so long covered up joe biden's cognitive decline covered up the invasion at the southern border
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covered up what was going on in ukraine cover up covered up the hunter biden hard drive and
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intentionally i might add at that not just a result of incompetence but they colluded with the biden
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white house they never reported on it in terms of the fact checking the big tech axis of evil that
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they created to censor the american people about covet 19 about vaccines about election fraud so spare me
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the idea that any of the members of this press corps who are standing right behind me right now
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give a damn about free speech because they don't they're the state media they're the state propagandists
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that frankly the ccp would envy all they do is carry water and carry the talking points whether it be the
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intel community the biden regime the pentagon the deep state you name it so spare me the performative
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activism i think the white house needs to strip these people of their seats right they're the ones
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that get to choose the seating arrangements they shouldn't even have seats to begin with fill it with
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new media i'm so disgusted of these people and their sense of superiority natalie hang on for one
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second we'll be right back return to the white house our own natalie winters we'll let her do
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okay let's go i want to go back so uh they're all complaining now and you see this because of
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the action that was taking place i talked a little bit about it on the handover from eric bowling
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natalie that the white house uh white house correspondents association is officially a nothing
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burger now since caroline leavitt and the team have taken direct control of who's going to be in
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the pool why is this important heretofore you you get a couple of cameras in there you get a feed you
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get a couple of cameras but it was always the mainstream media it was nbc news abc the new york
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times the wall street journal that were in these kind of breakout sessions whether it's on air force
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one whether it's an oval office during a bilat or whether it's in the cabinet room and they're asking
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the questions in the first term where i want to do what caroline did because every uh opportunity for
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the president it was just absolutely screaming about russia interference asking the cheapest shot
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questions caroline leavitt and the team terry lobotowich and i really give a hat tip to both of
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them and to suzy wiles for finally a white house staff said hey we've had a belly full of this
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we're going to have the streaming services are now much bigger reach many more people and they'll take
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it live which we did we took the entire hour and 20 minutes of the president elon musk and other
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cabinet officials are talking and present answer questions how big a deal is this in in in breaking
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up which is really the state media which is the uh the legacy media ma'am well they actually are the
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state media in terms of the fact that they are on record with colluding not just with the biden white
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house with their sort of big tech apparatus firms in terms of censoring the american people right
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the content that they were censoring or pumping out to fact check the people who watch this show
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were the articles that the journalists that are standing not too far away from me were actually
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writing but steve i sort of used to think of it as like a david and goliath situation except in
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reality we were always sort of the goliath we just never knew it but i think maybe a more acute
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or accurate representation is is it sort of a media thucydides trap right in the sense that you have
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war room the new media these upstart outlets going against these legacy outlets i'm sorry by what metric
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are any of these outlets beating our show and i don't just mean in terms of quantity of viewer i
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mean in quality of viewer too not just intellectually but in terms of impact right i always say just ask
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kevin mccarthy but look i think this is a wonderful first step because you can tell the sense right the
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questions that they ask president trump they're not to inform the american people they're to act like
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activists just like these judges masquerade as activists these journalists masquerade as activists
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too they're the tip of the spear when it comes to the resistance and all that they're trying to do is
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set president trump up to take the bait to create this narrative i overhear them talking collaborating
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and colluding to come up with certain narratives right that's their intention now they also control
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the seating right when you watch the briefings the people who are sitting in those chairs
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i would advocate and i'm not just talking selfishly but i would say you need to reorient
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who's sitting in those chairs as well right caroline levitt said we want to hold outlets that lie
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accountable for their lies okay politico lied about the hunter biden hard drive why are they still
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sitting in one of the front if not two front rows being able to ask questions right it's time for
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accountability i know we aren't allowed to say the word retribution and saying that in earshot of any
00:20:09.840
of these people who knows how that's going to end for me but this is not retribution it's justice
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for mainstream media outlets who are state propaganda that have lied to us for decades
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you just i think you're trending already you said strip them of their seats go back and make the
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case for that i mean it's pretty hardcore throwdown what do you mean strip them of their seats i think
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that's going to go viral here we're going to push it what do you mean by that well look and make
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your case what's your what's your justification of that well through the paradigm that the white house
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has set forth they said we will hold outlets accountable for their lies and if lying about
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the gulf of mexico gulf of america was enough to get the associated press ripped out of the oval office
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then every single legacy media outlet in there that is child's play compared to the lies that they have
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propagated against the american people and i'm not just talking the marginal fact checks about the
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efficacy of you know covid vaccines or election fraud all of these outlets even if you want to start the
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clock at 2020 covered up the most massive national security threatening story that has probably ever
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happened in the history of this country which is the fact that a man whose mental cognitive capacity
00:21:15.920
was probably equivalent tantamount to that of a dead person was running this country and i'm sorry but
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all the journalists who are now melting down about the white house correspondents association no longer
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having access i missed any of you guys writing the story about joe biden being so out to lunch that
00:21:30.680
nobody from his own team could even reach him moreover these media outlets are not asking
00:21:37.440
questions to inform the american people or help president trump communicate his agenda in the same
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way on record they did with joe biden all they are doing is acting like activists for example that
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chick who wrote the story saying that we are state funded media i went through all of her old tweets
00:21:52.800
she was advocating saying that people should quote steal from the trump hotel she says all these saying that
00:21:58.680
she would love to watch someone physically assault trump okay these people are deranged trump anti-trump
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activists and i don't know why we have to performatively treat them as journalists they're not
00:22:10.080
everything that they're doing in there is actual collusion and i think that we can break it up and
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frankly it's not like we're saying they can't have access but let's have a contest in terms of viewership
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and impact because we would trounce them every time last time i checked steve joy reid can anyone watch
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her show tonight i don't think so rav is only expanding all the outlets in here gateway pungent
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oan daily wire daily signal they have too much money too much viewership to know what to do with
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so they have no reason for being there other than lying
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and the and the and the powers that all the the platforms and streaming services including rav
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we're showing these live i mean we took it all a day went to the charlie kirk show we're gonna as
00:22:53.420
soon as we get the uh oval office executive orders we'll be doing that and i tell people the reason
00:22:57.980
is you're seeing living history i have never seen the mechanics of a white house actually on full
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global display president trump grinding through this it's pretty amazing and a great civics lessons
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everybody i think all the kids homeschoolers are just sit here and watch uh the president during
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the during the work day at the white house before i let you go i gotta go back to capitol hill
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hit rewind on what you said about marjorie taylor green this is so important about because we've
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been on this um we've been on the jihad against usaid for many years but we're always blocked
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by the rhinos that would never let anybody get into the details this was just not the democrats this
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was also the kind of neoliberal neocon rhinos that would not let us drill down on this protected it
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what in marjorie taylor green subcommittee which was kind of contentious the democrats were giving as
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good as they got but what does she say about about the information we're going to find it's not just
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about this year they're going to go back and start drilling down on previous years maybe even start
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talking about money laundering ma'am yeah the uh so-called fiscal hawk rhinos who did what nothing
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about usaid or any of these bloated government agencies for decades by the way steve you know how
00:24:10.700
it's a buried lead the real tell politico of the entire hearing the little snippet that they
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summarized and put on their main uh story had to do with this whole idea that marjorie taylor green
00:24:20.060
had announced that they wanted to sort of retroactively look into who was actually receiving
00:24:24.480
these grants in other words sort of like the auditing of the ukraine aid right it's not just
00:24:29.160
about oh did the money actually make it to ukraine it's no no who on the american side benefited from
00:24:34.620
it who on the foreign side benefited from it too but i think these people need to show us a paper trail
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of what they actually did with these sums of tens of millions of dollars and that was what she was
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getting into with the hearing today and that's how you know that's the the real reason right that
00:24:48.100
they're really melting down you see it with the covington and burling getting their uh security
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clearances revoked this is actual retribution and the sort of i think it presupposes the idea right
00:24:58.680
we say we want transparency and accountability they automatically make the connection that that's
00:25:03.580
somehow retribution that's sort of a tacit admission that everything that they've been engaging in
00:25:08.300
i'm going to use this word on the white house lawn very proudly is a crime and was money laundering
00:25:13.400
because it was and it's not that hard to piece that together just looking around here in the city
00:25:18.600
uh natalie winters what's your social media uh because we're going to push these clips out
00:25:25.140
tonight where do people go ma'am we always keep it uh spicy in the morning on the white house lawn
00:25:31.640
just again for reference the entire press corps is standing about 10 feet away from me uh natalie
00:25:37.300
winters on all social media platforms have a good one if we're are we going to have to am i
00:25:43.120
are we going to have to at the war room get your own security uh guard up there on uh on pebble beach
00:25:48.500
i think so won't be funded by usa id definitely won't be natalie winners be safe
00:25:56.360
uh you got a guest michael obey in the war room thank you right there into the mic your your
00:26:03.640
assistant we're going to be a little jam tonight uh philip patrick's going to join us michael's
00:26:08.400
going to hang around you are uh a special advisor to rick grinnell on many things but particularly
00:26:14.320
you're focused right now on the kennedy center yeah that's right and you know america you're a
00:26:18.500
former intelligence officer former spook i know i know you through through colonel harvey who's the
00:26:23.620
best so uh you're one and you're also one of those special projects guys from over at the
00:26:27.840
pentagon right yeah well i learned everything i know from uh colonel harvey you know so pretty good
00:26:32.200
mentor well i started off my career in the middle east um of course in the immediate post 9 11 era
00:26:37.020
and um you know got to see from the the invasion of iraq to the government formation there and then
00:26:44.740
all the you know at first as a young 20 year old you know straight out of college oh wow
00:26:50.380
and you know seeing this forever war then deployed to afghanistan you know we're sort of
00:26:56.500
saw that debacle you know from the ground up as well so in a ways front row seat to you know on how
00:27:04.140
not to conduct foreign policy i understand president trump likes putting people in billets and slots that
00:27:09.960
that because they're just excellent people and tough how does a career intelligence officer who trained
00:27:16.540
under derrick harvey who's the best who's been in some pretty tough neighborhoods in iraq and afghanistan
00:27:21.460
how do you end up with ambassador grinnell as his special advisor on the cultural aspects of the
00:27:29.200
uh or are you just going to get parachuted in like an oss guy and clean up the mess and clean up the mess
00:27:34.880
over there i'm a huge world war ii history fan so i love the fact that we can talk about the oss
00:27:38.820
here here in the war room look you know honestly it all started in michigan you know ambassador
00:27:43.340
rick grinnell america's favorite ambassador you know took the lead in reaching out to the arab
00:27:48.200
american community the middle eastern community in michigan yes everyone thought he was crazy to do
00:27:53.620
it yes initially it's brilliant but it was brilliant first time republican voters voting for president
00:27:59.360
trump because of uh rick grinnell's outreach to that community hang on michael obe is with us
00:28:04.720
for the next i don't know 90 minutes philipatris going to join us jeremy brown
00:28:09.780
special forces is a free man as of tonight his lawyer is going to be on hopefully we can get
00:28:16.200
jeremy brown short commercial break we're going to return to the war room with our special guest
00:28:20.960
the special assistant to america's ambassador rick grinnell short break back in the war in a moment
00:28:27.180
while we may have won this election the fight to restore our great nation is only beginning
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and text you make visit patriot mobile.com slash bannon or call 972 patriot remember you get a free month
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of service do it today here's your host stephen k bannon
00:30:11.060
okay i got so carried away with the uh with the natalie winners on a run who in the hell is michael
00:30:21.380
ube it's ube shop bender yes sir is that your nom du jour i mean you really are spook there's a spook
00:30:30.600
here in the war room you were recruited right off a college campus you spent your professional career
00:30:34.740
there i was actually i was you know and uh i went to georgetown but i went to georgetown also when it
00:30:40.000
was a catholic university or barely a catholic university and left it there went to georgetown
00:30:45.740
the school of foreign service school of foreign service probably arizona state for my for my
00:30:50.400
undergrad okay arizona so oh yeah i love arizona state mike rose a buddy of mine although a huge
00:30:56.200
left winger um we're gonna come back to you in a second philip patrick speaking to universities
00:31:01.740
a professor at the university of arkansas talked to you about the end of the dollar empire and i'm
00:31:07.140
really proud of this because as you know your staff yourself uh yours truly here stephen k bannon
00:31:13.260
and the war room got together and worked on this for many years i think we started three years ago at
00:31:17.860
the end of the dollar empire and what we want to do is make really make capital markets and particularly
00:31:23.980
debt deficits all of it accessible to people that hadn't had a chance to go to college but to make it
00:31:30.700
at a level that was college level and i guess the finance professor said hey we've read this thing
00:31:35.220
and we would love to incorporate this into our curriculum sir it's it's absolutely correct he
00:31:41.480
made it in fact mandatory reading for his his class and he asked if if you and i would be happy to go and
00:31:48.720
talk to to his students and help educate and quite frankly i've had that feedback consistently from many
00:31:56.660
different people talking about how educational how informative and specifically how it talks up to
00:32:03.180
people not down so uh i would agree vehemently and uh and you know it's getting the the traction it
00:32:11.000
deserves steve well you ought to get to and we want to definitely figure out how we can work that out
00:32:16.880
and do other places too because we're one of our big causes here is to make sure that working class
00:32:21.820
and middle class folks uh that the finance system in our country the political economy is is understood
00:32:28.140
along with the geopolitics of it and this is why it's it's a good uh and you can go to birchgold.com
00:32:34.420
right now slash bannon and get it all for free all six installments including the latest which is um
00:32:40.880
modern monetary theory which is a theory coming out of france that's going to blow your head up folks but
00:32:46.740
hey ideas have consequences two of the consequences we're seeing this is uh in this posse we're gonna
00:32:55.360
have to make a decision here in the next week or so of where to put our effort on this because the
00:33:00.300
budget resolution last night and we understand what president trump is doing he's trying to get some
00:33:05.080
some some gap for these tax cuts but i think the math shows philip that ultimately we get up to 125 to
00:33:12.940
maybe 135 percent of debt to total to gdp and on the 14th we're hurtling down like a train
00:33:21.580
to the uh to the cr or to whatever's going to happen on midnight what what are your thoughts you're
00:33:28.000
pretty conservative when it comes to comes to um uh finance and here we have this massive keynesian
00:33:34.420
stimulus that we still i mean president trump mentioned today i want to get to a balanced budget i want to
00:33:39.640
use the doge cuts i want to use the cabinet restructurings i but and i want to use tariffs
00:33:45.040
i want to use all these different elements but he wants he aspires to a balanced budget but we're a
00:33:49.840
long way from there particularly with the budget resolution we signed off last night sir yeah we we
00:33:55.680
are and we knew this would be the biggest task from the beginning is trying to close that gap and
00:34:01.620
as we've been seeing trump and the team are being more than inventive right they're trying to come up
00:34:07.880
with ways they're looking at external revenue they're looking at doge they're looking at tariffs
00:34:12.380
these are the decisions that need to be made but it is a herculean task to close that gap and
00:34:18.660
that's what i've always said look we're going to continue to run deficits but president trump and
00:34:24.220
the team need time to make fundamental changes to grow the economy out of it and the big question is
00:34:31.000
will we get that time we're going to continue to amass debt what we're looking at with doge i think is
00:34:37.280
enough to mitigate the the loss of revenue from the tax cuts but i don't think it begins to close the
00:34:44.040
gap um so it's going to be interesting to see how it shakes out i think the one thing we can't have is
00:34:50.120
sort of another continuing resolution we can't lump in all this spending we need to start working
00:34:55.960
through and and like i said closing the gap but it is going to be a very very difficult job i don't
00:35:01.840
think doge alone can do it i'm not sure tariffs will do it um so we we're going to need time that's
00:35:09.160
the key good news is sort of borrowing rates on u.s government treasuries are dropping in this climate
00:35:15.620
so it's taking a bit of the pressure off but it's a sign that people are moving to risk off which means
00:35:21.780
there's big economic concerns so a lot to work through and we trust the team to do it but the
00:35:28.580
question is are they going to get the time that's the big one are those are those rates dropping
00:35:34.240
because you saw the consumer confidence report that came out of the the business conference
00:35:39.120
had a pretty big drop also zero hedge had a couple of great charts up about people's anticipation of
00:35:46.320
inflation where they thought inflation was going to go not where it will go but what they thought it
00:35:50.540
was going to go is that making the business environment softer is that why rates are coming down a
00:35:58.020
little bit is that the bond market thinks there may be a recession or mini recession or at least
00:36:02.580
maybe flat growth sir yeah certainly i mean the consumer confidence report was a big one it was the
00:36:09.320
third consecutive month monthly decline the largest since august of 2021 worse as you hinted they found
00:36:16.400
that inflation expectations have also risen sharply and it's it's no surprise right eggs have never been
00:36:22.580
more expensive than they are today obviously president trump's been in in power for marginally
00:36:28.880
over a month so i don't think he can take responsibility for that but this is what we said at the beginning
00:36:34.380
president trump is inheriting an absolute nightmare and and this is the reality of it um you know they
00:36:41.700
were revising numbers down there were arguments that we started an official recession in the last quarter
00:36:47.640
of last year but i certainly think we we're going to have some things whether it's a mini recession or
00:36:53.180
a big one to iron out this year and that's when president trump's job begins but again no surprise this is
00:37:00.440
the stuff we knew president trump was going to have to work through and they're beginning to do it
00:37:05.100
what do you think president trump i mean he's got elon musk uh like an unguided missile which i think is
00:37:12.800
powerful in this regard into the um into the administrative state particularly these audits
00:37:18.080
are finding out whether there's waste fraud abuse or what i call leakage what do you believe has to
00:37:23.480
happen to convince the capital markets that this administration is serious about making significant
00:37:31.400
cuts to federal spending so that whether it's whether it is um uh external revenue coming from tariffs
00:37:39.640
to this new regime tariff regime which supposed to kick in next week on march 4th 25 percent to mexico
00:37:46.380
25 percent to canada this is massive given the size of their our trade with them uh what do you think he
00:37:52.320
has to show uh in order to convince the capital markets he's serious about getting to a balanced
00:37:57.820
budget he said it twice today in the cabinet meeting in front of the media but what actions do you think
00:38:02.800
they're going to have to see to make sure they see that this is serious to get our deficits at least
00:38:08.240
under a trillion dollars to start with and hopefully down to some sort of balanced budget
00:38:12.240
well i think we're seeing the actions right and like i said before i think president trump is showing
00:38:17.980
how serious he is to sort of close that gap but i think what we need to start seeing is results right
00:38:25.360
there's a big difference and i'm not talking about president trump here but you know there's a big
00:38:30.040
difference between hypothetical spending cuts and actual spending cuts right it's it's easy to
00:38:35.720
to get everyone to agree to cut spending on something in the future um but to take dollars
00:38:41.960
from you know any congressman's district that becomes more and more difficult we've seen this
00:38:47.420
time and time and time again and i think when we start to really push through with spending cuts
00:38:52.520
we're going to start to see resistance so we need to just start making progress start closing that
00:38:58.700
gap the more it closes the more confidence in the u.s will increase confidence in the dollar will
00:39:03.720
increase and that will buy president trump time there's a lot of things being touted i think
00:39:09.800
judy shelton was proposing zero yield trust bonds that are convertible for gold so there's some good
00:39:16.580
ideas obviously she's not part of the administration she's being touted potentially for the federal
00:39:21.800
reserve there's a lot of good ideas coming out of the administration and potential appointees but we
00:39:27.980
need to start seeing results because if 12 months from now u.s national debts at 40 45 12 months after
00:39:37.380
god i love you julie shelton talk to people about um you know gold as a hedge because we're going to go
00:39:47.480
through some turbulence folks just the cutting of the budget is going to cause turbulence msnbc the new
00:39:52.420
york times every day they're going crazy just on what elon musk is doing now and that's not really
00:39:58.260
fundamentally taking this thing apart brick by brick program by program billet by billet uh your your
00:40:05.760
thoughts about the driving factors of gold look we've had a hell of a run with you guys over the
00:40:11.180
last couple years i think it was 1100 1200 bucks uh now over 2900 um but it's just not the price of
00:40:18.540
gold it's the dynamics underneath it what do you have to say about that i mean listen gold is a reflection
00:40:23.940
of the value of currency that is why it is so important to get off our fiscal house in order because
00:40:29.620
if we don't if global demand for our debt starts to wane the sky is the limit for gold's price right
00:40:36.260
you know we talked about records in in the past talking about gold at ten thousand dollars an ounce
00:40:40.540
that's not a position we want to be in but it is a realistic possibility if we don't get a handle on the
00:40:47.580
problems uh gold is moving right it's hit it's 10th all-time high of 2025 so far we've been averaging
00:40:55.360
a new high every five days this year we're up 12 this year 40 last year i mean this is the climate
00:41:03.580
that people buy precious metals i have never seen stronger fundamentals we talk about eggs being at
00:41:09.220
the highest price ever in history we talk about a world running away from the dollar we're talking about
00:41:15.180
the bricks de-dollarizing we're talking about i mean the you know a potential recession on the horizon
00:41:21.180
you know these are the underlying fundamentals that drive gold's price and and like i said i've never
00:41:28.720
seen them stronger than they are today it's going to take president trump and the team time to get
00:41:35.100
through these problems and precious metals i think at least as a hedge is where we need to be look at
00:41:41.460
central bank gold demand it peaked we had the biggest quarter in history in you know last quarter
00:41:47.780
of 2024 it is not slowing down and we expect that to continue and we expect gold's price to continue to
00:41:54.440
rise any uh any updates on the situation with the bank of england sir look it's still flooding out of
00:42:03.520
the bank of england to new york more than 20 million troy ounces about 60 billion dollars just since trump's
00:42:09.820
been in office again it's a coincidence um demand in the us still very very high we don't think the
00:42:18.860
bank of england now will default it's still delayed it's about eight weeks so technically still a
00:42:24.500
technical default we think they're going to fulfill whether they beg borrow or steal they're going to
00:42:29.840
fulfill because the the alternative is a disaster but it's just a reflection of demand increasing and it
00:42:36.980
is it's increasing domestically here in the united states but it's everywhere china central banks
00:42:42.300
russia's reserves right now are facing sky high domestic demand paper gold funds now have set their
00:42:49.100
biggest net inflow since the pandemic so demand right now is is is at all time highs and like i say
00:42:56.320
we expect it to continue hopefully this stuff with the bank of england will iron out over the next few
00:43:02.200
months and things will start to settle down a bit there where do people go to get you the working
00:43:08.180
relationship with birch gold is what folks need so where do they go to to contact you and your team
00:43:12.820
phil very very simple birchgold.com forward slash bannon again birchgold.com forward slash bannon
00:43:20.500
get uh end of the dollar empire series for sure read it soak it in learn it um we have a gold on how
00:43:29.020
and why to invest gold a guide on how and why to invest in gold under a trump administration and
00:43:35.240
just lots of good free information so i encourage everyone out there get that information get reading
00:43:41.560
and they can reach me at philip patrick on getter
00:43:46.200
fantastic philip patrick and uh i get i can recommend to everybody go birchgold.com
00:43:54.000
slash bannon into the dollar empire or make contact with philip and his team philip thank you so much
00:43:58.420
taking time away from a trading day to join us on the west coast short break back in
00:44:04.540
health isn't just a personal issue it's a family issue a community issue we're living in unpredictable
00:44:14.120
times supply chains can break down hospitals can get overwhelmed and let's not even start
00:44:18.760
on the natural disasters these aren't hypotheticals they're happening you see it here in the war room
00:44:23.580
and we all know it the question is simply are you ready that's where jace comes in this isn't just
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you know president trump has said he's going to go to fort knox he's going to take elon with him you
00:45:24.700
know besant and uh the treasury guys say hey look every year i think they do a visual uh count
00:45:31.800
in the ig i mean there's never been a question there's been rumors and of course they fought
00:45:37.820
having audits which is kind of odd like the fed has which is kind of odd at least formal audits
00:45:44.080
technical audits president trump said he's going to fort knox with elon he just wants to eyeball
00:45:48.500
the gold so we'll keep you up to date on that but philip patrick and the team you can't do better
00:45:52.540
particularly now every five days it's hitting another high remember it was you know i think
00:45:58.540
eleven twelve hundred bucks when we first parted with um birch gold the key is to understand the
00:46:04.760
underlying dynamics that's everything we try to do here make sure that you understand or have
00:46:08.420
access to the information about underlying dynamics we're not trying to give you a fish
00:46:13.400
we're trying to teach you how to fish right nothing taxes they're looking for tax revenue we're talking
00:46:18.900
about deficits we're talking about money capital markets um these massive the massive debts we have
00:46:24.900
36 37 trillion debt adding another trillion dollars every hundred days every day every month now is
00:46:30.120
another record on deficits in the country just out of control the irs is going to get their money uh
00:46:36.720
if you owe them or they think you owe them more importantly they're going to come and get it go to
00:46:41.680
tax network usa.com slash bannon to get a free consultation we get that letter from the irs don't call
00:46:47.400
them right away call tax network 800-958-1000 talk to an expert free consultation they'll tell you if
00:46:54.200
they can help or not if they can help you make a decision of signing them up if they can't then
00:46:59.680
you call the irs and get into do not let that letter sit there it's like a cancer that's metastasizing
00:47:05.080
fees penalties interest can't wish it away it's the irs text network usa do it today ube
00:47:14.080
shah bender i've got it right now secret freaking agent so something so so tell me and you met
00:47:23.640
grinnell about michigan because grinnell had the brilliant idea because ambassador grinnell
00:47:27.740
knows the world he says hey there's a lot of great muslim folks up there and particularly
00:47:31.260
you know the moms for liberty would go up there and do town halls very conservative
00:47:34.960
in meeting him why was it you volunteered for the kennedy center because the kennedy center is a
00:47:42.200
complicated cultural it's the the deep states high church here in dc why would you volunteer for
00:47:48.440
that well i would i would go to the ends of the earth for america's ambassador rick grinnell you
00:47:53.500
know and what he's trying to do here is beautiful okay this is the because he didn't volunteer for
00:47:58.860
this either trump he's out he's out he's a special envoy he's trying to fix la he's got he's working on
00:48:04.660
10 things for trump trump he's a safe pair of hands so trump said this is a complicated one i want you
00:48:09.160
and he came immediately to you yeah that's right i mean look that just shows you how much of a
00:48:12.940
priority it is right for you know trump to put um you know ambassador grinnell on this project in the
00:48:18.780
kennedy center the cultural heart of the united states it's been left pretty much you know with
00:48:24.280
bankrupt i mean you know there's so the uh there's just so much that needs to be rebuilt i heard they
00:48:30.660
haven't done a lot of capital expenditures for maintenance or that because they've they've had a
00:48:36.040
tough time they put money into some of these woke programs but haven't really kept the space
00:48:40.320
a beautiful architectural space until you start looking and seeing the chip i can confirm that i
00:48:44.360
can confirm that so much water damage i mean this should be the representation of american glory to
00:48:51.400
the whole world to the whole country you know you've got these shows where people from all over the
00:48:55.740
world come you got you know programs shen yun is there tonight i'm gonna go see that tomorrow
00:48:59.860
yeah highly recommend all your viewers out there you know shen yun is magnificent i'll hook you
00:49:04.020
with the guys putting on that's we are supposed to go but i've got i'm leaving to go to texas for a
00:49:08.020
speech i've just been jammed but um and so you've actually done you're gonna hang in the next hour
00:49:13.800
with us right you've actually gone and done an at least a first cut inspection over there just to
00:49:18.740
check it out yeah that's right i mean so much needs to be rebuilt so much needs to be rebuilt from
00:49:22.920
the carpet to the walls we're gonna make culture you're talking you're talking see ube you're talking
00:49:27.240
trump's language yeah i mean that's him he's doing he does a visual if anybody wants to have a great
00:49:32.180
day is tag along with president trump when he goes through one of his properties i mean he's got
00:49:37.560
guys they're writing notes down he's got an eagle eye for detail that's why his properties look so
00:49:42.800
good yeah that's right and so that that so he's a tough boss so we know we can't just get away with
00:49:47.340
anything because he's going to walk over there and check it out yeah and he's going to touch he's
00:49:51.200
going to say hey ube come over here man what is this and he's going to watch the cost hang
00:49:55.120
over a second ube sean bender former were you dia dia oh my god it's the hardest of the hard
00:50:04.260
it's from mike flynn used to run yep when i was in the pentagon as a junior officer dia was like
00:50:09.840
the dark arts analytics and uh and some pretty tough hombres uh and mike flynn ran it uh under
00:50:16.720
obama that's where that falling out do i have mike lindell speaking of a tough hombre mike lindell
00:50:23.140
brother talk to me well steve before i get to the special here i want to tell you isn't it timing
00:50:30.280
where our great real president uh uh does this great shout out for me and the next day
00:50:36.420
keith ellison the attorney general minnesota piled it on all the way back down to 2018
00:50:43.260
for the lindell recovery network which helps helps uh people in addiction find our lord jesus christ
00:50:49.720
steve it's absolutely despicable what they're doing right now and uh but you know we keep
00:50:56.360
going everybody and i want to thank you all for supporting myself my pillow and everything else
00:51:02.880
and the lindell recovery network uh today we're going to have a we're bringing back the special
00:51:07.740
you guys love this is the my pillow 2.0 any case any case the best price in history nine
00:51:14.620
dollars and 98 cents and free shipping on your entire order uh these are these are once they're
00:51:21.800
gone they're gone the one the only one we're out of is the one where i'm holding the flag
00:51:25.340
so this we kept them for the war room posse get them all you guys their collection now once they're
00:51:30.840
gone they're gone they're collector items basically for during these times we've been in this fight
00:51:35.540
uh you go to the my pillow website and there's that blank that flash sale we save 80 percent up to 80
00:51:43.160
on the blankets once they're gone they're gone we're doing all this for the war room posse
00:51:48.080
free shipping on your entire order and then you all responded to the classic collection we said you
00:51:54.440
know what we're going to bring that back these are special war room prices that no one else gets
00:51:59.380
the 1988 for the for the king size pillow you got what 29.98 for 80 for the body pillow all the way
00:52:07.080
down to 99.98 um you guys uh that's the and the 14.88 for the standard so you guys get all the
00:52:13.860
specials get the beds you've all got took advantage of this free shipping that won't last long get the
00:52:19.560
beds and the mattress toppers and the and the made in the usa and keep my employees uh happy keep
00:52:25.600
yourself happy and um i can't thank them thank you enough steve for everything you've done for my pillow
00:52:30.940
and and uh the recovery network um it's just disgusting what they're trying to do right now to my pillow
00:52:36.500
i i tell you mike i want to have you hang over if you can for the for the next hour i want to start
00:52:43.500
the show i want to talk to you back i want to talk i want the audience to know about keith ellison and
00:52:46.840
what they're doing to you we've also got trentice evans jeremy brown special forces let go today
00:52:53.900
free from prison and of course ube is going to stay with us about the ambassador grinnell and ube's plan
00:53:01.240
to turn this kennedy center around under the guidance of president trump short commercial break we'll leave
00:53:06.140
you at the right stuff we're going to return mike lindell trevis ennis ube sean bender next in the war room
00:53:12.740
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