Bannon's War Room - March 12, 2025


Episode 4331： Trump Admin Continues To Barrel Forward As Left Flounders To Find Footing


Episode Stats

Length

56 minutes

Words per Minute

165.62114

Word Count

9,399

Sentence Count

870

Misogynist Sentences

10

Hate Speech Sentences

12


Summary

Stephen K. Maan, Alex Castellani, and David Gergen discuss the latest in the ongoing Supreme Court battle between the Trump administration and the Justice Department. They also discuss the impact of the Supreme Court ruling against Trump's travel ban on refugees and asylum seekers, and what it means for the future of the country.


Transcript

00:00:00.000 In fairness to a lot of Democrats, they are doing that.
00:00:03.040 They use the weekend, this short recess, they'll use the next recess to do more of that.
00:00:07.460 They are holding town hall meetings and shaming Republicans for not holding more of them.
00:00:11.800 And they've elevated, they've done a lot of what Indivisible and other protest groups have wanted,
00:00:15.920 elevated people who are being affected by the layoffs.
00:00:18.740 Their problem has been, even when they win in court, as I was interviewed with Jayapal was saying,
00:00:25.420 the administration plows ahead anyway, and they've elevated the resistance.
00:00:30.880 People like Al Green and Bernie Sanders were doing big, flashy protests, which didn't win anything.
00:00:35.840 When they win in court, they're reversing some Trump policies, but not all of them.
00:00:40.820 And these attorneys and attorneys general we're talking about have had a frequent experience now
00:00:46.320 of getting a victory, getting the courts to include the Supreme Court to say what Trump is doing is illegal,
00:00:52.700 and the administration to move ahead on it anyway.
00:00:55.420 In USAID to destroy documents and say so in an email to staff, which usually is not the best way to get away with that.
00:01:04.460 How does a party inspire the base when, even if it wins, the losers in the situation keep grinding ahead
00:01:12.740 and don't care what happened in court?
00:01:15.100 That is a tough problem for them.
00:01:17.600 I don't know.
00:01:18.000 I don't know.
00:01:18.620 To give them some credit, again, I don't know how anyone would solve that.
00:01:21.620 If you declare victory and the other team advances on the board anyway, that has happened again and again in the last two months to Democrats.
00:01:29.560 This is the primal scream of a dying regime.
00:01:37.460 Pray for our enemies, because we're going medieval on these people.
00:01:42.680 Here's the time I got a free shot at all these networks lying about the people.
00:01:46.940 The people have had a belly full of it.
00:01:48.840 I know you don't like hearing that.
00:01:50.280 I know you try to do everything in the world to stop that, but you're not going to stop it.
00:01:52.960 It's going to happen.
00:01:54.000 And where do people like that go to share the big lie?
00:01:57.540 MAGA Media.
00:01:58.980 I wish in my soul, I wish that any of these people had a conscience.
00:02:04.420 Ask yourself, what is my task and what is my purpose?
00:02:08.180 If that answer is to save my country, this country will be saved.
00:02:14.500 War Room.
00:02:15.380 Here's your host, Stephen K. Mann.
00:02:17.720 Wednesday, 12 March in the year of our Lord, 2025.
00:02:28.640 Action today, lots of signal.
00:02:31.600 The president's going to welcome the Irish leader that was at the Tayshok.
00:02:36.340 I think I got my Celtic right there.
00:02:38.340 I don't know, War Room chat, tell me.
00:02:40.660 I'm never a big name on this because all the Irish politicians are the worst in the world.
00:02:49.360 Of selling out their countrymen and selling out Irish nationalism because they're the most globalists.
00:02:56.000 They are bought, paid for, and owned by the party of Davos.
00:03:01.040 So it's always more performative.
00:03:02.580 But there is an amazing young man coming today.
00:03:04.420 I think he spent 500 days in prison for, would not bend a knee, taught at a Christian school in Ireland, in the Republic, and would not bend to DEI, would not bend to pronouns, any of it.
00:03:19.320 And they threw him in prison, an Irish prison.
00:03:23.020 He's going to the White House today.
00:03:25.900 And we're trying to get, whether it's Terry Schilling or Brandon Schroeder or somebody to help track him down, the White House people track him down, hopefully have him on in the afternoon show.
00:03:33.420 That's all going, Brian Glenn's going to be in the Oval in about 1030, 1045.
00:03:38.320 So we've reorganized the show this morning a little bit because we want to catch President Trump, these press availabilities during these bilats or when he signed the executive orders.
00:03:49.000 And now that Real America's Voice is in the pool, and as you can tell, Brian is, always comes loaded for bear and has great questions and often gets called on in their questions and kind of drive the narrative of the morning.
00:04:01.180 We will cover that.
00:04:01.960 But there's so much of what's really happening, the big event is the Senate, I think Trump called their bluff, and Johnson, you know, hat tip, a very Trumpian move.
00:04:18.920 I assume and I think and I hear that President Trump had a little bit to do with that strategy, vote and go home.
00:04:24.780 Don't be around for any negotiation because there's not going to be any negotiations.
00:04:28.800 You either want this or you don't.
00:04:31.960 In the Senate, if we put that story up, the lead from this morning, actually we had a better, a much better, I had a much better photo up on Getter with that big, beautiful picture.
00:04:43.760 However, the Senate is in a very difficult situation.
00:04:50.620 There are, every Democrat wants to vote against this, but they're afraid just like, that's the great Dave Weigel that opened the show on Morning Joe this morning from Semaphore, from Semaphore.
00:05:02.760 Semaphore, and he laid it out.
00:05:06.860 See, here's what's happening, okay?
00:05:10.920 The kind of inside baseball.
00:05:11.920 If you remember, let's go back to 2021.
00:05:16.060 We had a president that was on a roll and had done geopolitical tax cuts and deregulation, deconstruct, at least the beginning of the administrative state.
00:05:31.700 I think it was two or three deregulations to every one.
00:05:36.160 By the way, when you get that right, the correct Hill thing is on my Getter, you can put it up again.
00:05:41.920 And we were, and we were shattered, we were shattered when the election, of which he got 74 million votes.
00:05:48.480 Always remember that, President Trump got 11, 10 and a half million more votes in 2020, as he did in 2016.
00:05:56.520 Think about that.
00:05:58.100 That is almost impossible to do.
00:06:00.880 It's just incredible.
00:06:02.620 And of course, the fake votes of Biden, which we've never seen again, they gave him to, what, 81.
00:06:08.980 Those phantom votes, they stole the election.
00:06:11.920 Now, we realize now, in the fullness of time, that it was God's plan, it was divine providence, that that would be stolen.
00:06:23.820 Why?
00:06:25.220 Because it helped in the awakening of this country.
00:06:30.120 President Trump's courage, his hero's journey, to start back with nothing, understanding what they were prepared to do to him.
00:06:38.700 You know, put him in prison, to bankrupt him, all of it, the hero's journey to come back.
00:06:47.840 And you remember those dark days, for those of you that were with us, the most battle-hardened of, that had come through the pandemic and come through the big steel.
00:06:59.000 The most battle-hardened of our troops here.
00:07:02.980 Those dark days of January and February and March, before he went to CPAC, before the Schlaps had him.
00:07:10.400 And then, you know, even into that, the spring of that year, when Fox would never, he was never on Fox.
00:07:15.740 Never.
00:07:16.280 Shut up.
00:07:17.200 Wall Street Journal, everybody.
00:07:18.360 You have to have a rally point.
00:07:21.740 This show was not the only one, but a prominent one, as a rally.
00:07:25.460 Just like you take a defeat in the military and you retreat, people are sometimes, when they just drop their weapons and just run.
00:07:33.760 They drop their weapons and run.
00:07:35.160 You've got to stick the guide on in somewhere.
00:07:38.000 You've got to get a bunch of guys around the guide on.
00:07:39.960 And get the guns up and say, you know, get the bugle up and say, no, we're going to hold right here.
00:07:47.120 Everybody come around.
00:07:48.100 We'll get reorganized.
00:07:49.840 They're doing that now with the shattering defeat that President Trump gave them in November.
00:07:54.540 They're trying to do that now.
00:07:56.760 This is what politics is about.
00:07:58.400 This is the process.
00:08:00.600 What they're doing is pretty obvious what they're doing.
00:08:02.800 This is why Rachel Maddow came back for 100 days.
00:08:05.700 They figure in 100 days they will have that rally point.
00:08:08.180 As you know, we watch this, the MSNBC, and we take it seriously because it's information warfare.
00:08:14.620 That's why we break down the New York Times, why we break down the Washington Post and the Wall Street Journal and MSNBC, the ones that matter in the information war.
00:08:23.960 They're trying to use Rachel Maddow as a rally point.
00:08:26.980 If you watch Rachel Maddow every night, she's got the pom-poms up.
00:08:30.260 And it's kind of you go, girl.
00:08:31.620 She's trying.
00:08:33.060 I mean, if you watch that, you're kind of seeing an alternative reality.
00:08:36.700 She's got the screen, and she'll have six things on the screen one time.
00:08:39.640 It'll be all these rallies.
00:08:40.660 You know, it may be 50 people, but it looks like it's thousands.
00:08:43.180 And she goes, this is Seattle.
00:08:44.340 This is Kansas City.
00:08:45.320 This is bing, bing, bing.
00:08:46.440 And it's government workers, and it's, you know, the embeds, as Natalie Winters calls them.
00:08:51.560 And here we got legal, and every time they drop in a suit, she's got Weissman and these guys on.
00:08:55.740 It's just like Russiagate.
00:08:57.900 And she's got Shifty Shift on, right?
00:09:00.780 Shifty Shift and Claire McCaskill, the whole crew, they're all back.
00:09:04.220 The gang's back, and they're, you know, they've got every lawsuit.
00:09:07.200 They're going in, you know, on Freedom of Information Act, on Doge, and Elon Musk is going to have to put out everything he's finding, right?
00:09:17.140 Of course, we have the next day Mike Davis and, you know, the Bill McGinley's of the world, smart people come on here and deconstruct it and tell you why it's nonsense and why it's only going to one crazy federal judge.
00:09:29.040 He had Laura Loomer on last night about the deportations up at the, you know, the terrorist, the terrorist sympathizers here on student visas.
00:09:37.160 They're going home.
00:09:38.420 President Trump's cutting off the money and sending them home.
00:09:41.780 But this is a process.
00:09:43.180 You have to understand the process.
00:09:44.480 It's the process of the resistance.
00:09:45.960 And this is why it was so powerful.
00:09:48.160 Dave Weigel has been around forever.
00:09:50.620 He actually was the guy covering, when this whole thing kind of first started at the Tea Party, he was the guy kind of assigned to cover Andrew Breitbart.
00:09:59.840 The reason I got to know him is that he was everywhere Andrew Breitbart was.
00:10:03.740 In fact, they had this very famous thing at the first Tea Party, the first Tea Party convention, the first Tea Party convention in Nashville, Tennessee.
00:10:12.640 And Dave Weigel was there when the World Net Daily folks and Andrew had kind of had a throwdown about the birther issue.
00:10:22.720 Andrew was not a big name in the birther issue.
00:10:26.020 Later, he got interested with Sheriff Joe and other people, came with more information.
00:10:30.280 But originally, he said, don't fall for that in that trap.
00:10:33.980 They'll call you a racist if you do that.
00:10:35.840 And Andrew is pretty adamant about it.
00:10:37.160 But Dave Weigel was the guy.
00:10:38.320 Cut the little microphone.
00:10:39.220 He's one of these guys.
00:10:40.400 Bob Costa, Dave Weigel, Jeremy Peters, all these people you see today much more prominently.
00:10:45.400 Same with Cassie Hunt.
00:10:47.540 All these people started 10, 12, 14 years ago as little, just grundoons, chasing people who were completely marginal, right?
00:10:56.480 Even Andrew was outside the mainstream.
00:10:59.420 He became a leader, made himself a leader because of his personal personality and his understanding of information warfare, that media is everything.
00:11:07.880 Andrew was another McLuhan-esque figure that understood what the professor, the great thinker of communication strategy, Marshall McLuhan, had actually talked about.
00:11:17.540 Evolutionary biology and mass communications and mass media and the importance of that, the dominant, almost like an apex predator in world history.
00:11:30.400 T.Hardy Chardin, Marshall McLuhan, Andrew Breitbart got that viscerally.
00:11:35.560 Donald Trump is the exact same.
00:11:37.420 Trump is exactly in the same school of thought, fully understands it.
00:11:40.540 That's why so many of the moves you see in President Trump, you don't quite understand.
00:11:43.600 They're only revealed later.
00:11:44.860 And I will say on this, on things like that, he's always right.
00:11:49.800 You may disagree at the beginning, but you realize later he's always right.
00:11:53.400 What Weigel is saying is so important.
00:11:57.160 He's saying in the morning, Joe, you should have seen the long faces.
00:12:00.160 He goes, yeah, I see the resistance.
00:12:02.500 You got guys out there.
00:12:03.420 I see the embeds.
00:12:04.380 You got employees that are saying, you got legal, you have, you know, politicians.
00:12:08.080 Hakeem Jeffries has kind of gone into the witness protection program.
00:12:12.340 But I see what you're trying to do.
00:12:13.860 And they got, you know, they've got Raskin and they got some, got Bernie Sanders out getting big crowds now.
00:12:17.920 You know, talking his nonsense.
00:12:19.820 Because everything with him is a pillow fight.
00:12:21.400 He should get a MyPillow promo code.
00:12:24.560 He'd be, Mike Lindell, he'd be the biggest, he'd be the biggest, the biggest winner.
00:12:28.960 He'd get a promo code.
00:12:30.140 Because everything with him is a pillow fight.
00:12:32.660 It's performative.
00:12:33.620 But Weigel just said, it doesn't matter.
00:12:40.060 Trump doesn't play by these rules.
00:12:43.440 It's all gas and no brake.
00:12:47.180 Pedal is down.
00:12:48.340 Hammer is down.
00:12:50.140 What did Weigel just say?
00:12:51.380 Well, they go into credit, get this, they get these rules.
00:12:53.080 They don't, boom, boom, boom.
00:12:54.640 It's like a howitzer.
00:12:56.660 Trump is relentless.
00:12:58.660 And he's doing it simultaneously.
00:13:01.580 Look at yesterday.
00:13:02.780 You have this really, the Ukrainians agreed in a day.
00:13:08.140 Because Trump's just saying, I'm tired of the nonsense.
00:13:10.280 I'm tired of the killing.
00:13:11.140 We're going to get a deal done here.
00:13:14.480 And he stayed away from the security guarantee.
00:13:18.000 He said, we're not doing, I'm falling in that trap.
00:13:19.960 We're going to send more aid now.
00:13:21.480 We're going to send some more military aid.
00:13:23.700 Give you some more intelligence to get to a deal.
00:13:25.760 And he's also on the tariffs, the geoeconomic part of it, the tariffs.
00:13:33.300 And he's going back and forth.
00:13:34.720 And Wall Street, you know, it's opened up down again.
00:13:37.040 Gold, I think it was 29, 17.
00:13:38.780 The market was down 100 when we started.
00:13:41.140 It's going to fluctuate.
00:13:42.260 It's going to go up.
00:13:42.900 It's going to go down.
00:13:43.560 He's got a plan and he's executing on the plan.
00:13:46.940 The reason that it was providential, they stole it.
00:13:52.880 You had the gap and Trump was able to think and reflect and read and listen.
00:14:01.740 And come back like something this country has never seen.
00:14:07.580 More powerful even than Lincoln and trying to pull it together in the Civil War,
00:14:13.020 particularly in those first horrible dark years
00:14:15.760 when the Confederacy would just run in the tables militarily.
00:14:24.740 In Washington.
00:14:27.260 Remember, all these heroes, what history glosses over, they're all disruptors.
00:14:31.900 They're massively disruptive at the time.
00:14:35.120 Washington leading a military endeavor against an imperial power that controlled the country,
00:14:43.340 was prepared to control the world.
00:14:46.660 Lincoln, as disruptive as you can get, hated at the time.
00:14:51.340 Donald J.
00:14:52.220 Trump.
00:14:52.880 Dave Weigel nailed it.
00:14:54.760 All gas, no brake.
00:14:56.640 You don't go out and buy a life jacket when the boat is already sinking.
00:15:04.120 And you don't buy gold when the economy has already collapsed.
00:15:07.840 Clearly, others are heeding this advice as gold hit an all-time high the first part of 2025, multiple times.
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00:16:10.600 With Gold.
00:16:13.140 Here's your host, Stephen K.
00:16:15.440 Bannon.
00:16:19.540 Okay, so Weigel, this is Trump's movement, and it's in every area.
00:16:26.020 He's unrelenting right now, and they're not used to that.
00:16:30.760 Later today, this is an example.
00:16:32.340 Later today, he sent half of the Department of Education folks home last night.
00:16:38.140 And today, supposedly, an executive order is going to shut the whole thing down.
00:16:42.420 How many Republicans have talked for this and run on this?
00:16:45.880 How many times in primaries for either people running for the Senate or the House or in generals or, you know, in presidentials?
00:16:54.940 Have you heard over and over again?
00:16:56.340 It's just a talking point.
00:16:57.480 It's just a talking point.
00:16:58.320 This is the difference in Trump.
00:17:00.400 This is the difference in the MAGA movement.
00:17:02.360 Trump, action, action, action.
00:17:04.920 Use your agency.
00:17:06.260 We're here for a limited amount of time.
00:17:08.040 It's urgent.
00:17:08.760 It has to be urgent.
00:17:10.920 That's what Trump is.
00:17:11.920 It's urgency.
00:17:13.080 And Weigel's sitting right there, and he's seen it all.
00:17:15.320 He's been around for over a decade.
00:17:16.980 He sees that they're not prepared for this.
00:17:19.060 They've gotten lazy.
00:17:19.940 They controlled the institutions, and now the institutions have been taken from them.
00:17:24.920 And, yes, we are purging the institutions.
00:17:29.540 This is why all my differences with Elon Musk, and they're quite deep, the Doge as the shock troops is brilliant.
00:17:38.220 I want to get to the fact of where we actually stand with the money, but just the shock troop element of it is brilliant, and it's traumatized them.
00:17:45.140 They can't grasp it.
00:17:46.380 And if they do grasp it, it all revolves around him, which is perfect.
00:17:50.820 Then everybody else can get in and do their stuff.
00:17:52.800 This is the exact equivalent of having Matt Gaetz and not having Matt Gaetz step down.
00:17:57.460 Matt Gaetz is attorney general.
00:17:58.960 We were going to get him across.
00:18:00.140 You knew that.
00:18:01.220 We would do it.
00:18:01.820 But even not, he just takes all the incoming.
00:18:04.120 That's kind of the heat shield nature of Musk in the Doge process because they're completely – they have a brain freeze.
00:18:19.080 They're traumatized.
00:18:20.100 They can't react.
00:18:22.720 Weigel just lays it out right there brutally on Morning Joe, and, hey, you know what?
00:18:26.180 Nobody talked about it.
00:18:27.200 They didn't go back to – first off, to say that would be so interesting.
00:18:29.980 You would have 1,000 questions, and you'd say, Dave, can you stay through the break?
00:18:33.260 We want to talk to you.
00:18:33.800 No, they want to get out of that segment as quickly as possible because they know what they're doing.
00:18:38.620 And it's – no, it's not working.
00:18:40.500 They got the best of the best.
00:18:42.300 They got Rachel Maddow every night, and I know you're not going to watch it, but we do, for the reason is we see what she's doing.
00:18:47.760 Every night, it's a totally alternative reality.
00:18:50.680 It's even an alternative reality for MSNBC because you've got Nicole Wallace, and you have Tim Miller, and you have all these guys on there, and they're kind of long faces.
00:18:58.940 They've got knitted brows and worried.
00:19:00.220 Not Rachel.
00:19:00.780 She's – for 100 days, you know, they're paying her $25 million.
00:19:04.860 That gal is bringing it every night.
00:19:06.800 It's rah, rah.
00:19:07.920 We're here.
00:19:08.520 We're throughout the country.
00:19:09.480 We're in legal.
00:19:10.020 We're going to court.
00:19:10.660 We're doing this.
00:19:11.380 We're winning.
00:19:11.920 We're getting – boom, boom.
00:19:12.800 She's trying to rally them.
00:19:13.940 She stuck the guide on in and said, rally around me.
00:19:17.940 We got this.
00:19:18.720 We got to get a counterfire.
00:19:20.400 Let's go.
00:19:21.080 Fix bayonets.
00:19:23.180 Dave Weigl just said, in normal times, that would work.
00:19:28.540 That's why Trump's not normal.
00:19:32.060 Just shattered the mold.
00:19:35.300 He's relentless.
00:19:36.400 Weigl says, hey, the problem is that Trump – they don't care.
00:19:40.220 They're moving forward.
00:19:41.520 Because if you move forward, victory's up ahead.
00:19:47.400 This afternoon, I think, I hope, he's going to sign HSA and we'll be there live.
00:19:52.600 Brian Glenn, by the way, I believe, and that's why Brian didn't open the show.
00:19:55.440 Brian's actually going to be in the Oval as one of the pools.
00:20:00.080 I think he's in line right now.
00:20:01.140 Be one of the pool reporters this morning.
00:20:03.480 We'll go to that live with the Irish leader and President Trump.
00:20:07.120 I'm sure he's going to talk – I'm sure he's going to be asked about tariffs.
00:20:09.220 He's going to talk about that as we were invited and really want to thank the president and the great communication staff they have, Tyler and Stephen Chung and, you know, Caroline and Susie Wiles running everything to have us over for the business roundtable, which I don't think was approved.
00:20:25.820 That's why we had the camera there kind of, you know, we had a handheld and I heard the president.
00:20:30.920 And he's not backing off.
00:20:32.180 Think of what he did.
00:20:32.720 He has the business leaders there and he's sitting there.
00:20:34.680 He's just going through tariffs.
00:20:36.220 My tariff plan is going to work.
00:20:37.600 Here's what I'm going to do.
00:20:38.180 Their heads are blowing up, right?
00:20:39.940 Their stocks are down for a day.
00:20:41.800 Big deal.
00:20:43.520 Big deal.
00:20:45.120 He's got a deeper plan and you're seeing capital investment coming back.
00:20:50.440 You know, Gavin Newsom, I did this podcast with Gavin Newsom.
00:20:52.760 He says, well, wasn't this all set up, all the trillions of dollars spent and, you know, public-private partnerships of Joe Biden?
00:20:58.280 I go, no, because they waited until Trump got back and they just announced it.
00:21:02.360 They could announce this any time.
00:21:03.600 They announced it.
00:21:04.120 Apple, boom.
00:21:04.820 They wouldn't have done it if Kamala was.
00:21:06.720 They weren't coming back because Biden and the globalists are not going to break the global supply chains.
00:21:13.520 Trump is.
00:21:14.100 That's where the manufacturing jobs are coming back.
00:21:15.980 That's point one of the tariffs to bring manufacturing jobs back to the United States and re-industrial.
00:21:22.960 We call it reshoring.
00:21:23.980 You're going to see all kind of fancy terms.
00:21:26.180 It's bringing factories back here.
00:21:28.600 Bringing capital.
00:21:29.840 Capital, then invest in capital equipment.
00:21:31.820 What is Dave Brat?
00:21:32.620 Remember, Dave Brat comes in.
00:21:34.160 He talks about capital.
00:21:35.360 What he means is invested capital equipment.
00:21:37.640 That the Chinese, this is what they do with your money, your pension fund.
00:21:40.700 It's not their money.
00:21:41.440 It's your money.
00:21:43.660 Pension fund money.
00:21:46.500 Taken through the guys like Ray Dahlia and Bridgewater.
00:21:48.920 Ray Dahlia, that brother's become a convert.
00:21:52.500 He's on CNBC.
00:21:53.560 He's got a warning of what I've told you about.
00:21:55.440 We're going to try to play it before the president gets on.
00:21:58.280 He's saying what the storm clouds on the horizon is the debt and not just that, a failed treasury auction.
00:22:04.540 We're bringing so much to market, we might not be able to sell it.
00:22:08.160 Now, we'll end up buying it.
00:22:09.320 But that reaction will jack interest rates and it will start to send tremors through the system.
00:22:17.060 We're on the precipice.
00:22:19.380 The only thing I think comms hasn't done, this is what I keep saying, this is what I have EJ on here, I don't think they've done a great narrative setting, framing of how bad it was and was given to President Trump.
00:22:29.300 It's beyond awful.
00:22:33.340 This is one of the reasons I'm so adamant about where are the cuts both from Doge and here.
00:22:38.680 Where are they?
00:22:40.340 Right?
00:22:40.660 Where are they?
00:22:45.180 Because they're going to have to come.
00:22:46.480 Because as I've told you, the markets had, the global capital markets have a vote here.
00:22:55.100 We haven't had this since we went off the gold standard.
00:22:58.640 Even in the financial crisis, because they bailed it out so quickly.
00:23:07.620 In Nixon, the gold standard, that's when the global capital markets got on us.
00:23:12.920 And I think we made a terrible decision.
00:23:15.580 But the decision, Nixon and those guys, after thinking about it, made it over a weekend.
00:23:19.180 And Nixon wasn't really a business guy or much less a financial guy.
00:23:24.080 And John Connolly, his Secretary of the Treasury, certainly wasn't.
00:23:26.420 But it is, the resistance is not working because Trump will not accept it as a resistance.
00:23:43.420 It's like when Brexit happened.
00:23:45.960 When the British government came over, they looked at Brexit, that heroic, the heroic return of sovereignty of Nigel Farage,
00:23:52.100 as a problem to be solved, not an opportunity to be grabbed.
00:23:58.960 Trump is seeing the problems, and he has identified the opportunities, and he's grabbing, he's driving, he's driving, he's driving.
00:24:06.400 If everything goes according to plan today, the important thing is not the Irish guy coming.
00:24:12.260 That's just performative.
00:24:15.180 Because the Irish have already sold out their people and sold out, I think, the Irish throughout the world by being the most craven world economic forum, Davos, crowd, pathetic.
00:24:25.560 Even the guys that try to be, you know, not as pathetic as the core leadership are quasi-pathetic.
00:24:32.980 The core things happening up on Capitol Hill are monumental.
00:24:40.480 Number one, it's the Senate.
00:24:42.840 And President Trump, I think, is boxing men, as I said, call people's bluff.
00:24:46.780 Johnson called the bluff yesterday.
00:24:48.500 And this is why the House Freedom Caucus, who hates this, this audience hates it, I understand, for a larger goal.
00:24:54.660 For a larger goal.
00:24:56.800 To hate it.
00:24:57.580 And now he's got the Senate.
00:25:02.220 They had a lunch yesterday and went through the strategy, and they came in there, and they were kind of blank stares.
00:25:08.660 They got two choices, right?
00:25:11.420 They can either vote for this and give Trump, let Trump fight for another day and keep the government, not have a governmental shutdown fiasco.
00:25:20.960 Because they can't see where they scored political points because they can't see how to get out of it.
00:25:24.340 Or they shut it down, and they're afraid that just empowers Trump and Elon Musk and the other guys in the cabinets to say, okay, all these people are not essential.
00:25:33.320 You go non-essential, essential, we're going to get rid of all the non-essentials.
00:25:38.400 He's given them a terrible choice.
00:25:41.480 And if they vote, and they get the eight votes they need on the Democratic side, Fetterman already said he's in.
00:25:48.400 It's going to be a monumental win for President Trump.
00:25:50.660 One of the biggest wins he's ever gotten on Capitol Hill.
00:25:56.220 And the cuts aren't made.
00:25:57.420 And look, they threw some stuff in.
00:25:58.800 Breitbart, Bender, John Bender, the best.
00:26:02.740 You read Breitbart, you got Matt Boyle, you got Bender, you got other people over there, great.
00:26:06.620 Martell.
00:26:07.940 But Bender's exceptional.
00:26:09.940 You want to talk immigration and going through the phony plans and the visa plans, everything.
00:26:14.480 Bender's the best.
00:26:15.800 Guess what, folks?
00:26:16.520 We took 50,000 Afghan refugees.
00:26:19.720 I'm just not into that.
00:26:20.640 I realize a lot of the vets and things.
00:26:22.060 You got to draw a line.
00:26:23.060 You got to make tough decisions.
00:26:24.200 I know there's tough calls.
00:26:25.940 Unfortunately, they're tough calls.
00:26:27.120 The number should be zero.
00:26:29.360 Got stuck in there.
00:26:31.320 And they're too gutless to talk about it or go on TV.
00:26:33.640 Hey, here's what we're going to do.
00:26:34.680 Because I understand there'll be an uproar.
00:26:37.500 Bender's reporting 50,000 out.
00:26:39.080 Eli tells me they wanted more, what their fight was to get out 20,000, 25,000, 50,000 more, some other number.
00:26:49.780 A massive win.
00:26:51.560 The other win today, a massive win.
00:26:55.060 If President Trump signs the executive order dissolving the Department of Education or dissolving part of it programmatically, this is where it gets to be huge because these cuts are going to have to come programmatically.
00:27:07.280 You're taking out an entire cabinet of programs.
00:27:12.380 This is where real cuts take place.
00:27:14.200 Now, Department of Education is not huge, but it's symbolic of what he's prepared to do.
00:27:20.520 And particularly, just think about it in your own life.
00:27:22.520 How many times have you seen a brochure from somebody?
00:27:25.480 Have you written them a $10 check or a $50 check?
00:27:28.080 And one of their lists, we're going to get rid of the Department of Education.
00:27:32.040 It's never happened.
00:27:34.520 Ever.
00:27:35.380 And they don't even try to do it.
00:27:36.960 Trump, hey, get rid of them, fire a half of them, send them home, boom, I'll get rid of the other half.
00:27:42.600 It's relentless.
00:27:44.440 And they can't handle relentless.
00:27:45.860 They've never seen it.
00:27:47.600 They've never been able to, they've never had to deal with this and they can't deal with it.
00:27:52.860 It's breaking their spirit.
00:27:54.540 And if you break their spirit, you break them.
00:27:58.060 And this is where we're getting close to, breaking their spirit.
00:28:02.300 That everything that Rachel Maddow has done is not meaningful.
00:28:06.620 It doesn't amount to anything.
00:28:07.780 It's not, they don't rally around it because their spirit is broken.
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00:29:40.160 Here's your host, Stephen K. Vance.
00:29:47.820 So we're going to stay—maybe at 1045, they're going to be ready.
00:29:51.000 So we're playing this by ear.
00:29:53.020 And we're going to call some audibles today because we want to get as much of the president as possible.
00:29:57.340 The more we get of the president in these moments where he's basically making press availabilities, but he's kind of thinking out loud.
00:30:04.660 It's very important.
00:30:05.840 Number one, it's good for the historical record.
00:30:07.480 You're living massive history right now.
00:30:12.280 You're seeing it happen.
00:30:13.460 It would be like being in the field command with Washington or be like with your John Hay, the young secretary, sitting there with Lincoln and sitting in the meetings.
00:30:23.620 This is exactly what you're saying.
00:30:25.600 He's putting it all out there.
00:30:27.700 This is populism.
00:30:28.700 He's inviting you in, and he's thinking out loud about what he's going to do.
00:30:35.320 He's speaking over the heads of the media, by the way, speaking to you in the world.
00:30:39.880 That's what's so important to get these.
00:30:41.560 This is why I'm so proud of what Real America's Voice has done, proud of Brian Glenn, the entire team.
00:30:46.220 And they're inviting us in.
00:30:48.240 Why?
00:30:48.720 They understand that we are giving a totally different coverage than anybody else, that we're able to frame this, and then you see it, and then you think about it and mull over it.
00:30:58.360 And then the next day, and you can, all the madness, because remember, it's all a swirl in the media right now.
00:31:05.600 And the meltdown, it's, you know, last night, it's tariffs, it's tariffs, it's, he's a madman, he's insane.
00:31:11.320 There's a method to the madness.
00:31:14.580 There's a method to the madness.
00:31:17.620 Ukraine has agreed to everything that he wanted in order to get this done.
00:31:23.000 And now he's got Witkoff in Moscow.
00:31:25.940 He's going to bring the Russian piece and the Russian part in Ukraine is just one tiny part.
00:31:31.140 For these other guys, it's the world.
00:31:33.440 We're going to show you why.
00:31:34.600 The quiet part is being spoken out loud.
00:31:38.920 David Weigel did it this morning on Morning Joe.
00:31:41.680 There's actually even a better, not a better piece, as good a piece, if we have time this morning or this afternoon, I'll play it, where he talks about the CR and he talks about what you did and we did and the House Freedom Caucus and people who hate these, why we went along with it, because of the impoundments and the rescissions.
00:31:58.660 And Weigel's up front and these people are like sitting there like he's speaking, you know, Martian.
00:32:04.600 But you're in the middle of this, in a driving force.
00:32:08.260 I'll play the Ray Dalio if I have time.
00:32:11.860 I tell you what, let's, I want to do Birch, first of all, Birch Gold.
00:32:15.300 What you're about to hear from Ray Dalio is what we've been preaching here for the last couple of years.
00:32:19.380 When you start amounting this amount of debt, the law of large numbers, all of a sudden it starts to spin out of control.
00:32:24.740 This is why it's going to be quite painful what happens this summer in the appropriations when the Senate, I think, folds to President Trump today.
00:32:35.000 Or if they don't, fine, then we get on with it right now.
00:32:38.260 And I think President Trump triples down on deconstructing the administrative state.
00:32:41.960 But this appropriations process and the hard decisions that have to be made on defense, on Medicaid, on other social programs, tough, tough, tough decisions.
00:32:53.660 Because all the easy decisions are a decade or so in back of us.
00:32:57.880 All you have left now is hard decisions.
00:33:00.000 Thank God the MAGA movement exists.
00:33:02.500 And Ray Dalio is sending up a flare that, and I keep talking about a sovereign debt crisis, a sovereign debt crisis, that it's approaching in Europe.
00:33:15.480 And this is why all the happy talk, they're going to do $800 billion in defense, and France is going to do this, and England is going to send these divisions.
00:33:21.660 It's all fantasy.
00:33:23.380 It's all fantasy.
00:33:25.240 The bond market's ready to, the global capital markets are ready to turf them out.
00:33:28.760 But as I've told you, we are not immune to that.
00:33:34.360 And the bond market has turfed out more governments than howitzers.
00:33:39.140 You have to be very conscious of that.
00:33:41.240 And this only has happened a few times in American history.
00:33:44.280 But right now, we're so far advanced and so irresponsible.
00:33:48.160 The political class is so irresponsible.
00:33:50.180 It's the reason they hate Trump.
00:33:51.980 The adult has kind of come in, and he's brought you this way out of the room, out of the deal.
00:33:55.780 Boom.
00:33:56.880 You're in the room, and you're at the head of the table.
00:34:02.040 And Ray Dalio kind of paints a picture of an essentially failed treasury auction, basically the global capital market saying it's too much.
00:34:11.900 You have to sell too much every year.
00:34:13.940 This is where inflation is embedded.
00:34:16.100 This is how you have to wring it out.
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00:34:26.520 Gold's back up again today.
00:34:27.580 But it doesn't matter just what's the daily price.
00:34:30.020 It doesn't.
00:34:30.540 It's a store of value.
00:34:31.520 It's a hedge against these exact turbulent times we're going to go through.
00:34:35.520 And we're going to go through them.
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00:34:46.000 Very specifically about Trump and Trump's policies.
00:34:49.280 Because his policies are not the neoliberal, neocon policies.
00:34:52.620 They're exact opposite.
00:34:53.660 They're populist nationalists.
00:34:54.800 America first.
00:34:56.520 American economic nationalism.
00:34:58.580 Putting these citizens first.
00:35:01.760 America first national security.
00:35:03.440 The, and of course, of course, the home title lock.
00:35:13.380 Make sure you're on the ramparts.
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00:35:49.380 Let's go ahead and play.
00:35:50.280 Before Ray Daly, Jim Rickards.
00:35:51.680 And this is why we love having Rickards as a contributor.
00:35:54.240 And we want everybody, if you can, and can't afford to get strategic intelligence, RickardsWarum.com.
00:35:59.420 You get access to strategic intelligence.
00:36:01.820 You'll throw in a free book on artificial intelligence and capital markets.
00:36:05.660 We are waiting to go live to the war room.
00:36:08.700 We're also going to go to Wisconsin, I hope, before that.
00:36:11.660 But let me play.
00:36:12.080 I want to play the Ray Dalio part.
00:36:13.600 Let's play Ray Dalio on his fears about debt.
00:36:16.980 Remember, Ray Dalio is no friend of the war room.
00:36:19.320 And quite frankly, he's played footsie with the Chinese Communist Party for decades.
00:36:23.100 I think he's having an awakening.
00:36:25.640 Let's go ahead and hear it.
00:36:26.340 I think the first thing is the debt issue.
00:36:31.240 We have a very severe supply-demand problem.
00:36:34.160 So we think there's debt.
00:36:35.940 And some people think, oh, we'll handle it because we've handled it so far.
00:36:39.760 I don't think they understand the mechanics of debt.
00:36:42.240 By the way, I've written the draft of a book that anybody can see on social media, on particularly LinkedIn, that goes through the mechanics of the debt.
00:36:56.780 But there's a supply-demand problem so that they have to sell a quantity of debt that the world is not going to want to buy.
00:37:06.160 And that's a set of circumstances that is imminent.
00:37:10.400 Okay?
00:37:10.680 That's paramount importance.
00:37:13.940 Then we're going to have to deal – the deficit must go from what will be projected now to be about 7.2% of GDP to about 3% of GDP.
00:37:26.060 Otherwise, there will be a supply-demand problem.
00:37:29.920 Okay?
00:37:30.360 That's a big deal.
00:37:31.540 You are going to see shocking developments in terms of how that's going to be dealt with.
00:37:38.160 Things that may not have happened in our lifetimes, but things that have happened throughout history.
00:37:43.620 So that's an immediate consideration of the interest rate.
00:37:47.660 Wait, what do you mean?
00:37:48.180 Austerity like that?
00:37:52.360 There are many – what do you do when you don't have an adequate supply-demand balance?
00:38:01.800 There may be restructurings of debt.
00:38:05.120 There may be exerting pressures on countries to own the debt, to buy the debt.
00:38:10.880 Political pressures on countries.
00:38:13.800 There may be cutting the payments to some creditor countries off for political reasons and so on.
00:38:23.340 So there may be monetizations of debt.
00:38:27.120 If you look at history and see the repeating of what do countries do when they're in this kind of situation,
00:38:34.400 there are lessons from history that repeat.
00:38:37.200 And so just as we're seeing political and geopolitical shifts that seem unimaginable to a lot of people, to most people,
00:38:46.040 if you just look at history, you'll see these things repeating over and over again.
00:38:50.920 So you will be surprised.
00:38:52.840 We will be surprised by some of the developments that will seem equally shocking as those developments that we've seen.
00:39:00.120 So when I look at it, I think that these are of paramount importance.
00:39:03.740 Then we're going to deal with the intern.
00:39:09.280 Remember, I've always said you have these three lines of work for President Trump.
00:39:14.120 You have the stopping the kinetic part of the Third World War here.
00:39:17.340 You've got sealing the border, taking care of the cartels, and deportation of 10 million illegal alien invaders,
00:39:24.460 which we now know is going to cost us at least $170 million.
00:39:26.640 But that middle, to get it right, Ray Dalio, folks, if you ever want to hear a chilling statement,
00:39:37.760 I'm going to play that one until the sprockets come off it, and we're actually going to try to get Ray Dalio on the show.
00:39:41.980 That's how important that is.
00:39:43.520 I want to go back.
00:39:44.260 Remember, we've talked about the deficit as percentage of GDP.
00:39:49.620 He said 7.2.
00:39:52.160 I'm at a 6.5% to 7%.
00:39:54.840 Scott Besson said I'm trying to get to 6.5% down to 3.5%.
00:39:59.940 Ray Dalio, 7.2%, you've got to get to 3%.
00:40:03.200 You know what that means?
00:40:05.460 You've either got to get it through tax revenue, you've got to get it through tariffs, or you have to have cuts in spending.
00:40:10.180 And the simplest way to get there, if you don't have the growth that drives the tax revenues,
00:40:16.560 and we don't have the growth right now, is you've got to sit there and you've got to cut.
00:40:19.520 And this is where Doge comes in with the waste, fraud, and abuse.
00:40:23.680 But eventually, you're going to have to cut programmatically.
00:40:26.600 Like today, they're going to zero, start the process of zeroing Department of Education,
00:40:32.200 which is small but symbolically important.
00:40:34.220 What Dalio said on restructuring debt, that list of actions, that's what a company or a country would do if you're bankrupt.
00:40:50.720 Restructuring debt, rescheduling debt, cutting off payments to certain, maybe certain countries.
00:40:57.260 Chinese Communist Party, in their Treasury Department, they heard Ray, because they know Ray Dalio.
00:41:02.260 I'm not saying he's a fellow traveler, but he's been a buddy of theirs and in business and made money in China for years.
00:41:07.080 When Ray Dalio says that, and that right there says CCP, they just hit the alarm over at the Bank of China.
00:41:18.700 What did he say?
00:41:20.480 What did Ray Dalio say might happen?
00:41:24.420 What he's talking about, the supply demand.
00:41:26.340 Let me make it simple, that our debt's too big, the deficit's too big.
00:41:30.300 We have to sell too many government bonds to finance it.
00:41:34.140 Very simple.
00:41:35.220 And there's not that appetite.
00:41:37.480 This is why we did the thing at Birch Gold, the end of the dollar empire.
00:41:42.520 This is how it happens.
00:41:44.160 We are the prime reserve currency.
00:41:46.500 The tremendous benefits that come with that.
00:41:48.800 Huge responsibilities.
00:41:50.040 In the, you're betters, you're betters, the lords of easy money on Wall Street, in the corporatist, people that think you're just a collection of rubes, and insurrectionists, and neofascists, and racists, and xenophobes, everything they call you.
00:42:08.520 Although 39% of black men now vote for you, and Star County, Steve Cortez got a great documentary, Star County at 97%, hardscrabble, Hispanic citizens, right, were winning by 16 points.
00:42:22.740 You're still a bunch of racists, no-nothings, and Donald Trump is Red Caesar, right?
00:42:33.560 And this is what they've left you.
00:42:35.900 This didn't happen on your watch.
00:42:38.180 This happened on their watch.
00:42:40.140 And Ray Dalio right there.
00:42:42.620 That should send everybody, take a look at your kids.
00:42:46.840 If you get homeschooled, take a look at those children right now.
00:42:49.240 Think of them and think of their kids.
00:42:50.580 If you're under, I keep saying, if you're under 40 years old, if you're voting for that mess, they've already economically crippled you, and they're on the path to economically destroy you.
00:43:07.180 Ray Dalio sent up a flare.
00:43:10.260 Kind of a cry for help.
00:43:12.500 We're going to break all that down.
00:43:14.240 There's much more to come.
00:43:15.380 Soon as we're live in the Oval, we're going to go to Brian Glenn's there, and we're going to take you right in there.
00:43:23.360 We're calling audibles today in the War Room.
00:43:27.200 Short break.
00:43:27.880 Back.
00:43:28.280 Back.
00:43:28.960 The April 15th tax deadline is coming, and it's coming fast.
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00:45:14.560 Or visit TNUSA.com slash Bannon.
00:45:18.340 That's Tax Network USA.
00:45:20.580 Go to TNUSA.com slash Bannon.
00:45:23.700 There should be 25 right now.
00:45:27.680 And that's always been the case, right?
00:45:29.320 As Democrats have had a deep bench, 2020's primary was a key example of that.
00:45:33.900 And then, of course, you land here.
00:45:35.520 And what I was so struck by from Congressman Jayapal this morning is the way that she says,
00:45:39.880 we knew a lot of what was coming.
00:45:41.560 It was in Project 2025.
00:45:42.960 They had been through a Trump administration before.
00:45:44.860 He is an extremely well-known political figure.
00:45:48.240 And yet, it seems at every turn, they are flat-footed.
00:45:51.800 And in my conversations with Democrats, voters, they feel frustrated about wanting more,
00:45:57.700 but they can't quite quantify what that is.
00:45:59.720 And they are storytelling and bringing up voter stories.
00:46:02.440 But what is that enough?
00:46:03.840 And who's grappling with that?
00:46:05.060 No, they're just commiserating with them as they lose or as they get a victory in court
00:46:10.240 and people get fired anyway.
00:46:11.460 That keeps happening.
00:46:12.640 The battle over the CR this week is a good example of this because, yes,
00:46:16.460 because the reason so many Republicans are comfortable voting for that is because
00:46:20.120 they have been promised pretty much by Elon Musk and J.D. Vance that the president will use
00:46:24.500 impoundment powers and not spend money that they don't want to be spent.
00:46:28.960 Anyone at home who knows about the Impoundment Control Act says, but that's illegal.
00:46:32.660 Sure it is until a court deals with it.
00:46:35.140 There's billions of dollars of spending that's going to be stopped in the meantime.
00:46:39.000 Democrats are in this position of voting against it,
00:46:42.080 knowing that the funding will be impounded.
00:46:43.700 But the people will be fired.
00:46:45.980 Funding will be stopped whether they vote for the CR, whether it passes or not.
00:46:49.260 It is a real no-win position for them.
00:46:51.560 And how do you go back and inspire people with a no-win position?
00:46:53.840 The way that Sanders has been doing it has been being incredibly consistent,
00:46:57.680 just explaining the problem and saying people need to resist.
00:47:00.120 He is not at these rallies in these 50-minute speeches saying,
00:47:03.560 and here is my plan for winning.
00:47:04.640 It is, and here is my plan for rallying people so that once we get to the ballot box again,
00:47:09.060 the country is so angry at Elon Musk using the presidency to sell cars and to make himself rich
00:47:15.860 that they turn out and vote against him.
00:47:17.780 That's not, we're going to do this tomorrow.
00:47:19.800 That is in 21 months.
00:47:21.600 We might have a victory.
00:47:22.940 And that's not the most inspiring thing.
00:47:24.420 But yes, it is getting people out there and rallying and active,
00:47:27.660 and Democrats are doing better in special elections.
00:47:29.560 And partly because of that, those special election wins don't mean Elon has to go.
00:47:34.960 There's nothing they can do to turn the administration around.
00:47:39.720 That's one of the reasons we're going to have Wisconsin here, if we can slip it in this morning.
00:47:43.040 We will be going to the White House live.
00:47:45.040 We're going to do some beautiful shots of the White House.
00:47:48.760 The Irish leader is going to show up.
00:47:52.840 The president is going to have, at least the reason we're covering this is the simple reason that we've got,
00:47:58.120 the president, I think, is going to have a press avail, and our own Brian Glenn is going to be there.
00:48:02.420 Right there, you've heard Weigel tell the Morning Joe crowd, and they got, like, the shock look,
00:48:09.280 because behind the scenes or on places like War Room and other shows, and you saw it up on Twitter,
00:48:15.400 that we've had the Russ votes.
00:48:16.720 You've had people saying, hey, guess what?
00:48:18.680 We're going to impound this.
00:48:19.680 We are going to get to the cuts that you guys want.
00:48:21.600 And quite frankly, now the cuts that Ray Dalio is telling you the capital markets are going to demand.
00:48:28.120 Are going to demand.
00:48:32.220 And that's why this got passed in the House.
00:48:34.260 And this is why all the people that are House Freedom Caucus who hate this,
00:48:38.200 they're deficit hawks, the Andy Biggs, all of them, and you, this audience,
00:48:41.520 and I can see the live chat, and I go on my getter feed.
00:48:44.560 I understand you hate it.
00:48:45.840 I hate it.
00:48:46.840 But this is a means to an end.
00:48:49.480 And he kind of boxed in these Senate Democrats.
00:48:51.780 You're going to see this today.
00:48:52.660 This could be an epic win for President Trump instead of all of reconciliation and everything else he wants to do.
00:48:59.240 Weigel laid it out right there.
00:49:02.260 You know, J.D. Vance, others told him, said, look, it's going to be impoundment.
00:49:06.320 And Weigel made up the most brilliant point.
00:49:09.200 They all sit up there, and they sit on Rachel Maddow and MSNBC and the New York Times.
00:49:13.720 They go, you can't do impoundment.
00:49:14.880 It's illegal.
00:49:15.880 We passed a law about this, so Nixon can't do it.
00:49:17.660 It's illegal.
00:49:18.720 It's illegal until it's not.
00:49:21.340 Just keep driving forward.
00:49:24.880 Keep driving forward.
00:49:26.100 This is, in military, it's called maneuver warfare.
00:49:28.600 Flank them and roll.
00:49:30.160 Don't stop.
00:49:30.900 This is what Patton did.
00:49:31.940 This is Stonewall Jackson.
00:49:34.640 This is just, when they get them on the run, keep them on the run.
00:49:37.680 Never relent.
00:49:38.460 Never relent.
00:49:40.000 Just new things every day.
00:49:41.420 Flood the zone.
00:49:43.260 And be relentless.
00:49:45.200 This is President Trump.
00:49:46.420 And they're all saying, no, this is the end of the world.
00:49:47.880 It's the end of their world.
00:49:50.220 The end of their world.
00:49:51.800 If I can get to this morning, I'm going to play David Ignatius one morning.
00:49:54.780 He lays out the whole thing, that what they're trying to suck President Trump in is the same
00:49:59.780 exact thing they tried to do when Zelensky went to the Oval Office, when he had the breakfast
00:50:06.420 over at the Hay Adams Hotel right across Lafayette Square, right across that beautiful little
00:50:12.720 park from the White House, where the BLM Plaza, where they're taking up the bricks of BLM today.
00:50:20.980 See how interstrictly linked it is?
00:50:23.800 And they told him, we got you, you got to get a security guarantee.
00:50:26.300 Well, Ignatius says, well, what Trump needs is a win.
00:50:29.860 What he needs is a win.
00:50:30.640 He's got to give a security guarantee.
00:50:33.560 That's a win for Europe.
00:50:35.180 Because it's America on the hook, it's your sons and daughters held hostage.
00:50:38.560 It's more money.
00:50:39.540 That's what they want.
00:50:40.320 They want America to continue to underwrite it.
00:50:41.900 We're not doing that.
00:50:43.920 Then he gives up the ghost.
00:50:45.280 He says it, bald face right there.
00:50:46.940 He says, look, the whole thing here was about Ukraine being a European nation.
00:50:50.540 No, a million people died in Ukraine and 800,000 Russian troops and a million civilians and Ukrainian
00:50:58.580 troops, a million eight for that.
00:51:02.960 Are you kidding me?
00:51:04.280 And we underwrote it to $350 billion and they want our sons and daughters in their fighting.
00:51:10.540 These are the worst people on earth.
00:51:12.300 And it's also adding, you can't get Ray Dalio, 7.2% to 3% so that we don't have the global
00:51:21.220 capital markets puking on our securities.
00:51:24.900 We have to sell to finance this mess and at higher interest rates that embed into the system
00:51:30.340 so that everything's higher and you can't get rid of it because you got to refinance a
00:51:35.860 third of this crap every year.
00:51:38.360 However, you have to break it and you have, one of the parts you have to do is geo-strategically
00:51:45.740 rethink it.
00:51:46.360 This is what the hemispheric defense is about.
00:51:48.120 This is what America refers to about.
00:51:49.200 This is the genius of Trump.
00:51:51.300 And that's got to flow through.
00:51:52.540 Hex has got to now flow that through the budget of the Pentagon.
00:51:56.760 So we're not paying a trillion dollars.
00:52:00.240 We're not paying a trillion dollars.
00:52:02.040 It all fits together in such a magnificent, magnificent, magnificent plan that's being
00:52:11.800 executed relentlessly, ferociously, urgently.
00:52:17.440 Hat tip to the White House staff.
00:52:19.460 Hat tip to the cabinet secretaries.
00:52:21.700 Hat tip to the Doge guys.
00:52:23.200 Just show us the money.
00:52:24.520 That's what we want.
00:52:25.080 The biggest hat tip, this is why I'm Trump 2028.
00:52:31.560 A guy like this comes along and once maybe in a country's history, we've had two before
00:52:36.520 him, General Washington and Lincoln.
00:52:39.780 Of all the great men and women this country's produced, two stand out in the third, Trump.
00:52:46.640 You will not see his kind again in the rest of the century, just will not.
00:52:51.420 That's what we have to take advantage of every day of it, with all its imperfections and
00:52:57.480 all its flaws, which only makes its greatness more revelatory.
00:53:09.220 Incredible.
00:53:10.580 The right stuff.
00:53:12.560 Donald Trump has it.
00:53:13.640 Do you?
00:53:15.460 Short break.
00:53:16.340 Back in a moment.
00:53:21.420 What if he had the brightest mind in the war room, delivering critical financial research
00:53:29.560 every month?
00:53:30.980 Steve Bannon here.
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