Bannon's War Room - April 02, 2025


Episode 4382： Victory In Florida Thanks To MAGA Base


Episode Stats

Length

56 minutes

Words per Minute

177.4581

Word Count

9,947

Sentence Count

778

Misogynist Sentences

4

Hate Speech Sentences

8


Summary


Transcript

00:00:00.000 NBC News projects Democrat Susan Crawford has won a seat on the Wisconsin State Supreme Court.
00:00:06.240 That means liberals will maintain a majority on the court despite the tens of millions of dollars
00:00:12.380 Elon Musk spent on behalf of the Republican candidate. And Republicans did hold on to two
00:00:17.780 House seats in Florida, adding to their slim margins in the chamber. In Florida's first
00:00:22.440 congressional district, NBC projects a win for GOP candidate Jimmy Petronis over Democrat candidate
00:00:28.460 Gaye Valamont. And in the state's sixth district, NBC projects Republican Randy Fine will defeat
00:00:34.420 Democrat Josh Weil. But it is worth noting that Donald Trump himself carried these same districts
00:00:40.340 by 30 points. Do you know how long ago? Just six months ago. Think about that.
00:00:46.340 Here's the latest this morning. Uncertainty around President Trump's tariffs threatening to undercut
00:00:50.520 U.S. exceptionalism. The former Obama economic advisor Jason Furman writing in The New York Times,
00:00:55.800 where economic relations go, political relations will follow. This week's tariffs are another
00:01:00.920 step towards hurting the U.S. economy. Rarely see economic policy just turn on a dime and the
00:01:07.720 economy turn on a dime. But that's what we've seen in a very, very short period. A big deterioration
00:01:14.480 in confidence, a big increase in uncertainty and a big change in the outlook for the economy.
00:01:20.860 Feeling that maybe this actually is all leading up to widening the division between the U.S. and
00:01:26.980 China, which is a bipartisan type of outcome. Some people, including Peter Scheer of Academy
00:01:32.520 Securities, was saying right now it's kind of doing the opposite. You're seeing China actually get
00:01:37.260 closer to a number of former trade alliances. How do you see some of the geopolitical rearrangement
00:01:43.880 that's already happening versus what could or would or should happen?
00:01:48.100 Look, the United States is a big, important country that gives us leverage in the world,
00:01:53.780 but we are not infinitely big and not infinitely important. We really need allies if we want to
00:02:00.360 succeed. The majority of countries in the world, their main trading partner is China, not the United
00:02:06.380 States. If you made them choose, I'll bet they would choose China over the United States. The only way
00:02:13.560 we can deal with China is to work together with the rest of the world. And that just doesn't work
00:02:18.800 if you're putting tariffs on the rest of the world and driving them closer to China. Makes no sense as a
00:02:24.880 geopolitical strategy.
00:02:26.000 Republicans in Wisconsin have already succeeded in making Wisconsin one of the states where you have
00:02:30.200 to show a valid photo ID to vote. Republicans are worried that if they lose control of the Wisconsin
00:02:35.740 Supreme Court tonight, that voter ID law could go away. So this year, Republicans also decided to put a
00:02:42.000 measure on the ballot to enshrine that voter ID law into the state constitution. So to make it
00:02:47.880 basically so as to make it harder for the state Supreme Court to take it away. Telling me NBC News
00:02:55.060 projects that the voter ID requirement has passed. Again, this is only with about 21% of the vote in
00:03:04.600 in Wisconsin. But NBC is projecting that the voter ID requirement, again, this isn't a new voter ID
00:03:10.040 requirement in Wisconsin, but it is enshrining it rather than just being in state law would be in
00:03:15.980 the state constitution, which would make it harder to rescind.
00:03:19.160 This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on
00:03:30.540 these people. I got a free shot. All these networks lying about the people, the people had a belly full
00:03:37.880 of it. I know you don't like hearing that. I know you've tried to do everything in the world to stop
00:03:41.540 that, but you're not going to stop it. It's going to happen.
00:03:43.680 And where do people like that go to share the big line? Mega Media. I wish in my soul, I wish
00:03:50.920 that any of these people had a conscience. Ask yourself, what is my task and what is my purpose?
00:03:57.860 If that answer is to save my country, this country will be saved.
00:04:04.060 War Room. Here's your host, Stephen K. Vann.
00:04:07.480 It's Wednesday, 2 April, year of our Lord, 2025. It is Liberation Day in Washington, D.C.,
00:04:18.960 the imperial capital throughout the world today at 4 p.m. approximately. The president will go to
00:04:25.340 the Rose Garden and have a massive executive order, which he will sign, that will geoeconomically
00:04:31.780 and geo-strategically reset the economy of the United States and actually the structure
00:04:38.100 of world trade. So quite a historic day coming off last night. I think kind of a mini historic
00:04:45.820 night. We've got, I want to start with Denver Cook, head of the St. John's GOP. Denver, you put your
00:04:54.520 shoulder to the wheel, the War Room Posse, the great Matt Boyle at Breitbart, and a lot of that
00:05:01.900 came, and we want to personally thank you for kind of putting up the flare to say that there was a
00:05:07.980 problem in Florida 6, which you'd won by 30. I think we won by 16 last night. But this thing was in
00:05:13.800 question a couple weeks ago. I just want to give you a public thanks for, you know, getting Boyle and
00:05:19.220 then Boyle, you know, giving us a heads up and you giving my producers a heads up. How did this thing
00:05:23.940 play out over the last couple days, sir? Well, first of all, I want to thank you personally for
00:05:30.840 staying up till midnight, texting with me that night with Matt and Matt's efforts, and both of
00:05:37.740 you driving this to national attention and getting the posse out there across this country to realize
00:05:42.540 how important this race was, how we got there. We can talk about it over the holiday special
00:05:48.640 elections. It's not the best time to do these things. And the Dems realize this is their chance to
00:05:53.260 take out our president and their one fight to do it. They dumped $12 million in this race, the fourth
00:05:58.560 that the Democrat candidate, that was the fourth most in Florida history spent on a congressional
00:06:04.960 race, 12th in the nation ever. So they put massive amount of funding in, and we were down here in an
00:06:12.480 all-volunteer force with these six county chairs and our volunteers working against that kind of
00:06:19.100 spending with their paid people. And it was really, you know, y'all leaning in and stepping up that led
00:06:25.660 to national attention focusing on this race. So I can't thank your bossy, thank you, and thank Matt.
00:06:30.520 You know, that's just my opinion is that was the turning point on Monday night, Tuesday, when we got into
00:06:36.540 this. And, you know, I hope that people across the country realize we who support Donald Trump
00:06:46.140 need to be on the lookout every day, step up and show up. Just celebrating November's victory isn't
00:06:53.220 enough. We're going to, this is just the beginning, as many people have said, we can't let our guard
00:06:58.540 down and we need to fight hard every, every single election.
00:07:04.760 Denver, we want to thank the Warren Posse and everybody associated with our show and the great
00:07:08.600 Matt Bolover, Breitbart, want to thank the volunteers. Folks, this was people going to the
00:07:13.120 ramparts. The Democrats put a ton of money in here and they had a candidate they thought was very
00:07:19.300 marketable. And this thing went national in MSNBC, New York Times, all of it. This was literally a
00:07:25.180 grassroots full court save and with virtually almost no money, which was the incredible thing. I don't
00:07:33.200 think the the national RNC, the NRCC, everybody kind of, you know, just wasn't on top of this. They
00:07:39.500 just weren't. This was a near death experience. Randy Fine is going to be the the the the congressman
00:07:47.340 and we need it. I mean, this thing on reconciliation, I can't tell you how close this is right now.
00:07:52.400 Think about it, folks. The house is shut down until next week because there's brouhaha yesterday.
00:07:58.640 Denver, what what lesson what lesson do you want to tell the nation of all the Trump followers
00:08:03.500 throughout the nation? And particularly, I want to give another hat tip to all the volunteers
00:08:06.800 down in Florida six. You guys went to the ramparts and worked your asses off over the last couple of
00:08:13.000 days to ensure this actually from last week to get as much early vote as possible and then have a
00:08:18.080 massive game day vote. What's the lessons you take away, sir, that you want to share to the whole
00:08:22.580 country? My biggest lesson is this, especially on these special elections, is you can't just count on
00:08:28.800 the people there to do it. We had just out of one county out there, 40,000 calls come into the district
00:08:37.480 last week. So over 220,000 calls were made in in the last week and a half of this race. Largely the
00:08:46.540 last, you know, five to six days, the vast majority of those that got the turnout and drove this victory.
00:08:52.740 And it was Republicans who wanted it. Wasn't the independents who showed up for Randy.
00:08:56.900 It wasn't the Democrats. It was the Republicans who showed up and gave this victory. And it's the hard
00:09:04.180 work of our volunteers on the ground who made thousands of phone calls and were out doing flag
00:09:09.720 waving and out at the polling locations and out knocking on doors. You know, I give a shout out
00:09:15.740 Marion, the chair for Marion County had arm surgery and her vice chair down there has a broken collarbone
00:09:21.040 and they were both out Saturday at events, getting people to the poll. So, I mean, this is full court
00:09:27.500 press on the ground. And I would tell everyone get involved, contact, you know, not just locally,
00:09:34.000 but your neighbors as well and find out what's going on, stay informed and, and get out there
00:09:40.140 and do the work. It is the, we lost Pennsylvania, as you know, and that's special because people,
00:09:45.780 not enough people paid attention and went out and worked. Um, we need to be out there working and
00:09:51.580 the door knocking and the phone calling and, and the volunteering is the biggest impact in these
00:09:57.060 races. But if it doesn't happen, we will be losing and we can't afford to lose. So, um, paid
00:10:03.760 volunteers aren't the same as a real volunteer.
00:10:07.860 So war on posse, uh, one of the key lessons here and for everybody listening throughout the nation,
00:10:13.060 because you know, we, we got to work in the precinct strategy and we're the foundational
00:10:16.860 element for president Trump's return. We've remade the Republican party. There's one thing
00:10:23.280 people have to keep in mind. I think Scott Jennings, uh, over at CNN has, has said this repeatedly as
00:10:29.220 we've said it here on, on the show, uh, into our actions and the conference calls we have, but it's
00:10:35.540 a, it's a reality in remaking this party to be more of a working class, middle class party.
00:10:40.680 We have brought in that, that surge capacity we have are low propensity voters and many of those
00:10:46.740 are low information. It doesn't mean they're dumb. It doesn't mean that degree. They're just not
00:10:50.120 that engaged in politics. Therefore it's a massive grassroots effort that has to,
00:10:55.620 we have to turn this vote out and it's tough. It's tough and you have to do it. We have low
00:11:01.160 propensity voters. Historically, some of these folks have only voted when Donald Trump's on the
00:11:06.020 ticket. Okay. But look, I know I'm the biggest advocate of 2028, but for the congressionals and
00:11:11.440 like the specials and what's going to happen this fall, president Trump is not names, not going to be
00:11:16.420 on the ballot. It is about him. It is about MAGA. It is about the direction of the country.
00:11:21.340 Today's liberation day, his whole geoeconomic resetting, but the work, you can't do TV ads and
00:11:28.900 get these people to the polls. It just doesn't work. We have to put our shoulder to the wheel.
00:11:33.100 And now in Florida six, it showed that by doing that, we can win. And we're going to talk about
00:11:39.700 Wisconsin here in a second, but Florida six shows with, with an enormous amount of money that the media
00:11:43.860 hasn't, um, hasn't presented Denver one, one more time. Just tell me the amount of money spent by
00:11:49.220 the Democrats. Where is that in the history of Florida congressional races and national congressional
00:11:54.280 races, sir? So that was fourth in, in the history of Florida by a congressional candidate and 12th in
00:12:00.800 the nation. I mean, they were not messing around $12 million, the fourth most ever spent in Florida's
00:12:07.300 history and the 12th in our country. And if you think about the number of congressional campaigns that have
00:12:13.440 existed, it's baffling. Um, but this is how, you know, what we're up against. The, the Democrat
00:12:21.120 party has not surrendered. Um, and we can't, we, we can't treat it as if they have, um, they are
00:12:29.840 fighting folks after Wisconsin. Yeah. They're, they're engaged. They're engaged. We don't hold that
00:12:36.940 against them. This is what democracy is about. This was us back in 21 Denver. What's your social media?
00:12:41.760 Denver cook so people can find out more and start to, you know, get you to engage in other places.
00:12:48.440 Well, I'll just say real quick, the fastest way is to reach out to our, on our website,
00:12:53.920 stjohns.gop, which is S-T-J-O-H-N-S dot G-O-P. That's our website. You can contact us in the
00:12:59.820 contact page. Quick way to get hold of us. Reach out there. You'll get right to me. Denver
00:13:04.840 fight on brother. Great job to all the volunteers, to everybody that came out in Florida six and did
00:13:12.500 the hard work for everybody made phone calls. All those really hundreds of thousands of phone
00:13:16.200 calls and contacts where everybody knocked on doors. This victory is yours and it's a powerful
00:13:22.160 message sent to Washington DC. I know that, uh, some very serious and high level people have noticed
00:13:28.160 this. So Denver say, make sure everybody knows that, uh, they're in our thoughts and they've just done an
00:13:32.760 incredible job to help save this country. This thing holds together by a thread folks, right?
00:13:44.440 I don't come on here and say, Hey, the inauguration's over because I don't like to party or, you know,
00:13:52.380 we're not upbeat. It's reality check. The country hangs in the balance. We're going to take a short
00:13:58.860 break. I've got, uh, Jim Rickards is with us this morning. Mike Benz is going to be with us later.
00:14:04.080 Natalie's going to jump in. We've got Chip Roy, but next we're going to go and deconstruct Wisconsin.
00:14:13.940 Uh, folks, uh, hopefully last night was a wake up call and it gets back to one simple, basic thing.
00:14:23.160 This populist movement rest on your shoulders. President Trump has the burden of the world on
00:14:29.220 him, as you'll see today in the Rose Garden. You have to deliver these victories. If you don't,
00:14:36.600 it's not going to happen. Short commercial break. We're going to go to Wisconsin next
00:14:42.440 to the, um, chairman of the GOP in the war room.
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00:16:06.260 secure your financial future today with gold. The reason people do specials about the show in the
00:16:20.980 audience, the reason they write all these articles and all these features is because of you. They
00:16:24.520 understand that you are the tip of the spear of the MAGA movement. There's a price to pay for that.
00:16:30.740 We have to be ever vigilant. This is why what happened in Florida 6 is so incredible,
00:16:37.120 because you guys came to the ramparts. Look, on April 19th, we're going to have Lexington and
00:16:43.720 Concord. That DNA, that fighting spirit, that ability to mobilize quickly when you know danger's
00:16:52.420 there or when you're alerted to danger, when we stop at the happy talk and give you the facts,
00:16:56.360 the facts where we were in very bad shape in Florida 6. And folks, we cannot afford to lose
00:17:02.680 a congressional seat right now. President Trump's agenda hangs by a thread. And that didn't even
00:17:10.320 talk about the games being played over there, and I'll hopefully get to that later, if not tomorrow.
00:17:16.780 In Wisconsin, Brian Schimming had a plan and led us to victory with President Trump,
00:17:23.880 a magnificent victory six months ago, one that kind of put us over the top.
00:17:30.260 And last night, we won something that's so important for elections going forward and so
00:17:36.820 dear to the people in this audience's heart. And people have worked all over the country,
00:17:41.240 and it's a super high priority for President Trump. That's voter ID. And it won big league.
00:17:47.640 Yet we lost the Supreme Court seat. And with that Supreme Court seat, in addition to all the issues
00:17:55.640 in Wisconsin of life and of being able to defend yourself, everything else, we're going to lose
00:18:05.460 two congressional seats. That's just a fact. These radical Democrats, it was over a hundred million
00:18:10.900 dollars spent. They didn't put this kind of money in not to take those two seats. And those two seats
00:18:15.560 put us right on the cliff, the edge of them trying to impeach President Trump. And it raises the stakes
00:18:23.240 in 2026, even higher. And I told you this was going to happen. That these people are not done.
00:18:32.420 We won a massive battle in November, incredible battle, a come from behind out of nowhere battle.
00:18:39.520 But it's one battle in a continuing war against people that still control the apparatus. Look at
00:18:46.220 President Trump. We're in court. I don't know. A hundred lawsuits. We're going to Supreme Court
00:18:50.980 and certain things. Today's going to announce Liberation Day. And do you think over at Capitol Hill
00:18:55.980 or in the halls of power of Wall Street or the corporatists, they're going to be, they're
00:19:00.700 high-fiving him? No, they're not. It's another massive, another massive, massive battle.
00:19:06.280 Brian Schimming, chairman of the GOP. How do we win? Help me out here. Riddle me this, brother.
00:19:12.260 How did we win, essentially in a huge margin, the voter ID, which was so controversial,
00:19:21.320 and then lose the, and kind of got blown out, I guess by 10 points or nine points. I don't know
00:19:27.200 where it came out. We were down as much, I think, 15 or 16 last night. Some of the Trump counties
00:19:32.200 came in, and I want to, you know, and for everybody who's up there volunteering, it's not, you guys did
00:19:36.360 an amazing job, and the turnout was incredible. But I think we, I don't know if the end of it was
00:19:41.520 around 10 points or something. How did we lose one so badly and win another one that also, you saw
00:19:47.060 Rachel Maddow's face. You saw her face understanding it's going to be harder for them to steal elections
00:19:52.700 with voter ID and kind of Wisconsin's leading the charge here. How did that happen?
00:19:58.320 Yeah, so the importance of voter ID as a referenda, legislatures actually put that referenda on,
00:20:04.900 and that's always had really wide support. You know, the only two counties that voted against
00:20:10.300 voter ID that I saw in my quick read this morning, we have 72 counties. The two counties that voted
00:20:15.880 against it, Dane and Milwaukee County. The two Democrat liberal, you know, bases in Wisconsin,
00:20:24.240 of course, had to vote against it. So that was, you know, in some ways the lesson is that was a
00:20:29.500 70 percenter issue, right? It passed about a little short of two to one. That's, you know, as we often
00:20:35.840 call it, 70 percenter issues where the average guy, not the folks who buy the TV ads, not all the
00:20:41.580 whatever. But the average Joe Lunchbucket and Susie Bearframe out on the street, they go,
00:20:48.680 I get that. I understand why we should do that, and I'm going to vote for it. What I think they got
00:20:55.560 less in the in the Supreme Court race, and this is what the tragedy is there, is that the liberal
00:21:01.260 candidate there, Susan Crawford, argued against voter ID as a private attorney representing, I think,
00:21:08.820 the League One voters or someone. So you sit and you look at that and go, how does that happen?
00:21:14.460 But frankly, this ought to be a lesson for conservatives, especially in court races.
00:21:19.000 And you and I have talked about this. I've argued for years that the movement needed to pay more
00:21:25.320 attention to court races because they're as important as gubernatorial and sometimes presidential
00:21:31.040 races. So I think the definition of the candidates in this race and perhaps on our end playing defense,
00:21:38.480 unfortunately having to play defense a little bit too much early on, we have to learn in this state
00:21:44.940 and in this country to take it to the other side. And I think the old playbook of saying, oh, we're the
00:21:54.220 law enforcement, we're the big law enforcement candidate, they're the liberal anti-law enforcement
00:22:00.100 candidates. I think that playbook is worn out. And we have to take it to them on cultural issues
00:22:07.340 and things that matter to our voters. Because we actually had 200,000 more voters come out for
00:22:13.320 Brad Schimmel on our side last night than Dan Kelly got two years ago. But the Dems, as someone said to
00:22:20.960 me last night, our base was pissed off in November. Their base was pissed off now. And it drove them out,
00:22:29.200 no doubt.
00:22:31.760 What about these low propensity voters? We now have to figure out how to put a permanent apparatus,
00:22:39.240 folks, at the state party level and from the precincts up. We need to get an apparatus to make
00:22:44.600 sure that we get access. These people want to vote for us. They want to vote for MAGA, but they're low
00:22:50.460 propensity voters. And we've changed the party in a great way to do that. But now we have to get a,
00:22:56.200 now we have to systemize how we go out and do that. What would you, what would you say about that
00:23:01.120 issue? Yeah, I agree. Absolutely. Because there are a lot of low propensity voters out there who
00:23:08.280 overall, they're with the president and they probably in a box are largely with us, but they didn't turn
00:23:16.340 out last night. I mean, the president endorsed Brad Schimmel and, you know, other clear indications
00:23:22.520 that the president supported Brad Schimmel. And so, I mean, a lot of it is an off-year election
00:23:28.780 where we have a dramatic drop-off, but we can't just accept that as a fate accompli. It certainly
00:23:35.160 often happens in Wisconsin where we don't do well in April elections, but you can't just ignore that.
00:23:41.560 You've got to go, okay, how do we deal with that? And we've got, I mean, everyone says, in fact,
00:23:47.200 I was saying this morning, everyone says, well, we've, you know, we'll have a liberal court for
00:23:51.280 three years. Steve, we have two court elections of incumbent conservatives between now and then.
00:23:57.720 We have to pull an outside straight between now and then. So I don't, oftentimes the early analysis
00:24:04.060 is not the accurate one, but, but we got, we, you know, we have to ask some hard questions. Number
00:24:09.320 one, about how we run these spring races. I'm almost at the point of saying, I'd rather have
00:24:14.040 in our state, in Wisconsin, it's a nonpartisan court. I, I almost wonder if we shouldn't be
00:24:19.820 asking the question, should we do what they did in North Carolina and make people run as
00:24:24.420 Republicans or Democrats? So it's, it's more clear what they're really about. I mean, we can't count
00:24:30.720 on $50 million campaigns to do it. Yep. Uh, Brian, where do people, uh, to keep up with you? Where do
00:24:38.660 people go? Uh, follow me on X and, uh, or true social at Brian Schimming, uh, encourage you to
00:24:46.560 do so. I'll be talking a lot about this election and frankly, and I said to someone else, uh, Steve
00:24:52.160 earlier today, I said, look, we have to do the analysis. We have spent time. We have to ask hard
00:24:57.500 questions, uh, and do all of that. But, but we got elections coming next year. So I, you will not
00:25:04.060 see me sitting on my hands at any time for a year and a half. We got races to win fights to fight a
00:25:10.940 movement to move along. And that means we keep moving. So anyone who's dispirited this morning,
00:25:16.900 believe me, I get it. But, but this is a long running battle. It's not something that ends at
00:25:23.460 any one election. We have to remember that we got to save the state and save the country. The wind is
00:25:29.760 out there. We have to go get it. Go get it. Thank you, brother. Great job. Thanks, Steve.
00:25:37.140 Great job. Yeah. The grassroots and the volunteers in Wisconsin had tipped to you, Scott Presser,
00:25:43.160 the whole team up there. You guys did a magnificent job against, let me say this big headwinds. Uh,
00:25:49.680 Jim Rickards joins us. Uh, gold is what? 30, six 51. Was it 36 51? I was Susan 30, 31 63. Okay.
00:25:59.120 Everybody get your, don't have a heart attack there. 31 63, but it's moving records. It's
00:26:04.300 liberation day. Plus the day after quite frankly, a massive defeat in the, um, this, this thing in,
00:26:10.580 uh, the Supreme court in Wisconsin is going to resonate down through the next couple of years.
00:26:14.960 Um, put it in perspective for us, particularly liberation day reciprocity. I hope sir.
00:26:22.140 Well, of course, liberation day is about, uh, tariffs, which is one of, um, I'm, I'm calling the
00:26:28.100 term Meganomics, uh, to embrace all of the, uh, economic policies coming out of the White House
00:26:33.380 through various channels. And there are three big ones. Uh, there's, uh, Scott Besson, the treasury.
00:26:38.580 He has the three arrows, uh, basically, you know, keeping deficits below 3% of GDP,
00:26:44.340 real growth over 3% of GDP and 3 million new barrels of oil. That's very well thought out. It's gonna have
00:26:50.660 very positive effects. So that's, and also monetizing the asset side of the balance sheet. So,
00:26:55.220 that's the best in three hours. Um, Peter Navarro, the trade manufacturing czar, uh,
00:27:01.460 as the, the big brain behind tariffs, obviously that's what liberation day is about. Liberation
00:27:06.180 gonna be liberated from unfair trade practices, uh, huge trading surpluses, uh, by our trading
00:27:12.660 partners who cheat, particularly China, uh, but also Europe, uh, Mexico and some others. Vietnam,
00:27:18.020 by the way, Vietnam doesn't get a lot of mention. They have one of the biggest trade surpluses with
00:27:22.580 the United States, uh, of any of these countries, but, uh, but there's a long list of them. Um,
00:27:27.780 and that, again, we've talked about that, the American system, very well thought out,
00:27:32.020 very good for high paying jobs. Um, the third, the third leg. Sorry. Jim, Jim, Jim,
00:27:36.340 hang on, hang on one second. I want to give the third and we get back. We'll take a short commercial
00:27:39.780 break. Jim Rickards strategic intelligence. Go to Rickardswarroom.com. Get access to strategic
00:27:46.980 intelligence. If you like capital markets, national security, geopolitics, all of it's right there
00:27:52.260 in that letter. It's amazing. We read it and we love it. Also, he gives you a book, money,
00:27:58.340 GT, GPT. It's artificial intelligence, currency, capital markets. It'll scare,
00:28:05.860 scare you because it's a reality check. Short commercial break. Chip Roy, Jim Rickards on the
00:28:10.900 other side. The April 15th tax deadline is coming and it's coming fast. Do you have unfiled tax returns?
00:28:18.740 Can't pay the IRS. The IRS is more than aggressive and the more aggressive than ever.
00:28:24.500 And the longer you wait, the worse it gets. Wage garnishments, bank levies,
00:28:29.060 even property seizures are all on the table. You need to get ahead of this. You need to get ahead
00:28:34.900 of it today. But going up against the IRS alone is a big time mistake. Take my advice. Call the
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00:28:56.020 their genius strategies are designed to quickly settle your tax problems in your favor.
00:29:02.740 Tax Network USA's attorneys and negotiators have already resolved over $1 billion in tax debt. Let me
00:29:09.080 repeat that. They've already resolved over $1 billion in tax debt. Tax Network USA can help you too. But
00:29:18.120 you need to move. You need to move fast because April 15th is already here. Remember, if you get
00:29:22.920 that letter, don't put it in the drawer. It just metastasizes it. Talk with one of our strategists
00:29:29.400 today. It's totally free. Stop looking over your shoulder. Stop the anxiety. Stop the worry. Put it all
00:29:36.520 behind you. Call Tax Network USA at 1-800-958-1000. That's 800-958-1000. Or visit
00:29:45.720 TNUSA.com slash Bannon. That's Tax Network USA. Go to TNUSA.com slash Bannon.
00:29:54.200 TNUSA.com slash Bannon. Here's your host, Stephen K. Bannon.
00:30:01.480 Jim Rickards joins us. Field of Greens, by the way. I get my Warpath coffee here in the morning,
00:30:09.440 get my Field of Greens, put it in my drink, mix it up. It's organic superfood. You need one.
00:30:16.360 Not just to feel better, but also get another boost of energy. Fieldofgreens.com. Put in promo
00:30:24.520 code Bannon. You get a 20% discount. Do it today. Do that combo in the morning of Warpath coffee and
00:30:31.700 Field of Greens. You're ready to roll for the day. Jim Rickards, what's the third element? We got
00:30:38.520 Besant's, and I'm going to have, if we get Chip Roy up, I think we're going to have to get him by
00:30:42.660 phone. To get to that six and a half to three and a half, I'll tell you what, Jim, if you can hang
00:30:48.760 one second, we do have Chip Roy. Oh, on Skype. Chip Roy joins us. So, brother Roy, what's your
00:30:56.180 assessment of last night? We pulled it out in Florida 6 by the skin of our teeth at the last second.
00:31:02.020 We won a huge issue about voter ID in Wisconsin, but we got crushed on this Supreme Court, and that
00:31:12.380 means two seats. They're going to redistrict immediately and take two seats from us to make
00:31:16.500 2026 all in, hanging by a thread. Your thoughts, sir? Well, it was good to see a fine went down to
00:31:23.380 Florida. We're obviously going to get two new members up here in the House. That's good news. And in the end,
00:31:28.320 you know, I think it was about a 12 to 15 point margin, you know, low name ID. So, I feel good
00:31:33.880 about that. And we'll get, you know, going once those two get up here. I hope they'll join in and
00:31:38.540 get in the fight immediately. But Wisconsin double-edged sword voter ID, that tells you where
00:31:42.440 the American people are on voter ID. You know that. I know that. Anybody on this show knows that.
00:31:46.980 We need to move. It's why we're trying to move the SAVE Act here in Washington. It's been a part of
00:31:50.560 the rule. We got to get it off the House floor and jam it through and get the Senate to act on it.
00:31:53.980 Look, on the Supreme Court, I haven't studied as well as some, you know, politically to know
00:31:59.320 exactly what happened. That's not my state. I know there was a lot of work in there at the last
00:32:03.720 minute. But I feel like it was, if I had to just make my opinion on it, it's that it was late.
00:32:09.080 We needed to be on that a long time ago. And, you know, I will say the Freedom Caucus,
00:32:13.340 for example, we were running ads, I think, six weeks, eight weeks ago, because it was so critically
00:32:17.860 and obviously important that we win that damn race. We were trying to lean into it. And it seemed like
00:32:22.220 there was crickets, at least in the national conversation. And we didn't really nationalize
00:32:26.840 that until the last week. And I think, you know, we should have been in there earlier. That's my
00:32:31.020 quick assessment. What do you, how do you think this, what does this portend for 2026?
00:32:38.980 Well, obviously, we've got an issue now in terms of redistricting and what you just pointed out in
00:32:42.780 terms of the number of seats. And we're going to have to, I mean, and that's going to mean a lot.
00:32:46.040 I mean, you know, that's that any, every seat we lose, that makes it even harder for us to make
00:32:49.900 sure we keep the majority. What it also means is we need to go friggin' deliver on the agenda.
00:32:54.600 It's ridiculous that we're not meeting this week now. And, you know, there are reasons why I won't
00:32:58.380 get into, but your listeners and viewers know that. But we need to be getting the job done.
00:33:03.160 We've got the Senate over there moving their reconciliation budget this week. I don't know
00:33:09.160 what that's going to look like yet. We need to be aggressive. We need to reduce spending. We need to
00:33:13.220 do it significantly so we can fight the inflation tax, killing hardworking American families.
00:33:17.920 We need a tax package that is delivering on the president's agenda, but is also responding to the
00:33:24.220 fact that you need hardworking American families to be able to get by. And the tax package ought to
00:33:29.000 reflect that. So we need to get something good passed before Easter. I think the American people
00:33:33.560 are getting restless. They want to see us deliver. We've done a lot of good things with a razor-thin
00:33:37.560 majority, but, you know, enough. It's time to deliver. And I think that's where the people are.
00:33:41.460 So when you say, I mean, we have to drill in people's heads now that as long as you have
00:33:48.760 this massive Keynesian stimulus, that you're not going to get inflation down. Because, you
00:33:53.920 know, it's best in right now. It's what, 37 going to 38 training in debt. You got to refinance
00:33:58.440 a third of it. So you're talking about selling government security, you know, 10, 12 million,
00:34:04.280 trillion dollars, excuse me, of government securities at higher interest rates. It's, it works itself
00:34:10.400 through the system. The people, are people really bought into the fact that we have to cut
00:34:14.320 spending? And look, the Doge thing, I, I'm a huge supporter of Doge. I would like to see some
00:34:20.060 actual numbers. And I'd like to see some people, there's been this massive fraud. I'd love to see
00:34:24.620 Cash Patel have it. But that aside, or is there any stomach for the programmatic cuts that at some
00:34:33.360 point going to have to cut? If, if Scott Besson's plan, as Rickard just laid out, is a six and a half
00:34:37.860 percent deficit to GDP down to three and a half percent over a number of years. Um, I mean,
00:34:44.360 how do you do that unless programmatically you get in there and start cutting programs, sir?
00:34:49.920 You can't, I mean, that's the straight answer. I mean, I, you know, I visited with Scott last week.
00:34:53.640 I mean, I think he's doing a good job and, and, uh, you know, we have a really good thoughtful
00:34:57.040 conversation on what we need to do. We need to have, uh, spending reductions, uh, and discretionary
00:35:02.500 spending and all the programs you're talking about. Just to give you an example, and your, your,
00:35:06.100 your viewers know this a year and a half ago, Eli Crane, your friend and mine, and, uh, and,
00:35:10.480 uh, often a participant on your show, Eli offered an amendment, uh, based on all the work we had done
00:35:16.040 when we were going through all the amendments after the McCarthy stuff, uh, when we were offering
00:35:19.780 appropriations bills, we said, look, this USAID funding is ridiculous. And so we, you know,
00:35:25.600 Eli offered an amendment to cut 50% of it, but 102 Republicans voted for it, but 114 Republicans
00:35:32.220 voted against it. That's what we're up against. Uh, we're up against Republicans who always find
00:35:37.520 an excuse for why they have to vote for more spending and for a program that continues to
00:35:41.920 rack up debt. You know, Ronald Reagan said famously, and I think you will agree with this,
00:35:46.260 uh, in an interview with Johnny Carson in the seventies, I was speaking out at the Reagan
00:35:49.220 branch, um, two weeks ago to some kids, high school kids. And I was back looking at a bunch
00:35:54.060 of his clips and Reagan said to Carson, every program that a member of Congress brings forward,
00:35:58.920 they ought to have to have a tax increase along with that program to pay for it.
00:36:03.560 Now, neither you nor I support tax increases and Ronald Reagan sure as hell didn't support
00:36:07.780 tax increases, but his point was right. We've got people up here who want to go out there and say,
00:36:12.300 I cut your taxes. I've done all this wonderful stuff for all of you, generally speaking donors.
00:36:17.040 And you know, so, Oh, look at me. I'm a good Republican, but what they don't do is cut the
00:36:21.280 inflation tax, which is being driven by the radical amount of spending. As you pointed out,
00:36:25.520 not just COVID spending the entirety of the morass that is the federal government. And if we don't
00:36:30.820 produce that spending, we are not going to make affordable, make America affordable again,
00:36:35.320 which means you can't make America great again. I do think Scott gets this. I think the president
00:36:40.260 gets this, but we need to get it with more fervor in Congress and frankly, at the other end of
00:36:46.820 Pennsylvania Avenue to get this done. Look, you said earlier, you have to have a tax structure that,
00:36:53.560 that rewards the working class and middle class, you know, no tax on tips and overtime or bonuses
00:36:58.140 on social security. And the reality is I don't support tax cuts unless you don't have an alternative.
00:37:06.460 And I'm a very big proponent. And I think the leader of, if the math is the math, what it is,
00:37:11.960 the math is what it is right now. There's no chance that you can, and reinstating or extending
00:37:18.340 President Trump's tax cuts, you can extend it for the upper bracket. Just can't. I understand
00:37:22.860 everybody over the house or the Senate, but I will tell you behind closed doors, because I talked to
00:37:27.180 a lot of people, they understand what the dilemma is. They don't want to say it out front. So somebody's
00:37:31.680 going to have to step up and we're doing it here at the war. I mean, Chip, you're one, a lot of times
00:37:36.320 and Chip Roy gets a lot of grief. He's a, because Chip, Chip often brings, you know, unwelcome truths,
00:37:44.680 right? Like, here's the math. What are we going to do about it? And the country's hurtling towards
00:37:49.260 a financial crisis. You know, Ray Dalio, and I got Rickards on here a second. Ray Dalio is hinting
00:37:55.660 we're going to have a failed treasury auction. We have a failed treasury auction. That's a sovereign
00:37:59.800 debt crisis, folks. And we have a sovereign debt crisis with 37 or 38, three in a debt with two
00:38:04.880 trillion dollar deficits every year. Trust me, it's not your kids and grandkids worry about it's
00:38:09.560 your life is going to change dramatically. Chip Roy, your thoughts. Yeah, Steve, I couldn't agree
00:38:15.300 more. And let me actually just go ahead and say here, I think it needs to be said that I would,
00:38:20.420 I will be very clear that if it takes not getting the top tax bracket, uh, snapping back from 30,
00:38:27.080 you know, to prevent it from snapping from 37 back to 39, six, right? Which is what will happen
00:38:32.080 when the tax cuts expire this December? I would give that up if that's what is necessary to do
00:38:38.560 what we need to do to reform Medicaid and reconciliation properly, to get it done the
00:38:42.600 right way, to get spending cuts and the discretionary spending that we need to do to get spending down
00:38:47.300 in order to preserve this great republic, which we're going to lose. As you point out,
00:38:52.520 Scott Besson's going to have to go get, you know, another $1.7 trillion in bond issuance over the next
00:38:57.900 nine months. We've got rat a significant amount of refinancing of our debt happening right now at
00:39:03.200 higher rates. If we just raise, if rates are up just another point, it's like another trillion
00:39:08.700 dollars basically in interest over the next decade. We are destroying our kids and our grandkids
00:39:14.400 inheritance if we don't get it right. So to be clear, yes, I want taxes to be low and broad for
00:39:20.300 everybody. I want economic growth from all of that. But don't come talk to me about your precious tax
00:39:25.180 cuts for your upper end donors when you're now ratcheting up debt, which is a massive tax on the
00:39:31.980 average hardworking family. And I do understand that small businesses get caught up in that rate.
00:39:37.160 So do you. So we need to be smart about the 199 pass throughs. So true small businesses aren't
00:39:42.380 hurt. But I don't want to eat this bull crap where multi-billionaire hedge fund guys want their tax cuts.
00:39:48.480 And I'm sitting here while this government is spending money ratcheting up inflation hitting the
00:39:53.920 hardworking American. So Jake Sherman, suck on that, brother. Real quickly, I know you're the
00:40:02.260 SAVE Act. You've been at the forefront. By the way, I think we just made news here on a Wednesday
00:40:07.400 morning. Chip, the SAVE Act, what does this audience need to do to assist you, sir?
00:40:13.720 Well, just keep making your voice heard that you believe that we should ensure that only American
00:40:19.760 citizens vote in American election. That's all the SAVE Act is about. The radical progressive left
00:40:25.460 is trying to turn this into something that it is not. They're trying to say that it prevents
00:40:29.600 God-fearing, awesome American women out there who get married and who take their husband's name.
00:40:35.500 Suddenly, the radical left cares about women who get married and take their husband's name.
00:40:41.100 And they say that, well, they won't be able to vote. That is simply fake news. It's not true.
00:40:45.680 True. We've got a good bill. It says that if you get in and you change your name, there's a life
00:40:51.880 event, you can still use your new passport, your new real ID, or the states can create a solution
00:40:56.500 for you to go vote. What matters is you get out there and you tell your members in Congress,
00:41:02.380 you believe strongly that only citizens should vote. The SAVE Act is the best way to do that.
00:41:07.260 It protects the voting rights of all Americans, but it stops non-citizens, illegal aliens from voting
00:41:12.680 in our elections. So let your representative know that you care about getting that done as soon as
00:41:16.660 possible. Chip Roy, Congressman, where do people go to track you both on social media and at your
00:41:24.040 website? Sure. It's Chip Roy T-X, C-H-I-P-R-O-Y-T-X. That's my Twitter handle or Rep Chip Roy on my
00:41:32.360 official side. I go to Roy.House.gov to be able to sign up for anything from my official office and keep
00:41:38.180 at it. We've got to put our foot on the gas right now. We're nine weeks in. The president's doing a
00:41:43.020 lot of great things. I agree with you. Doge is doing great things, but we need to see them come
00:41:46.800 to fruition. Congress needs to act. It's a thin majority. It is hard, but we're working around
00:41:52.220 the clock to try to deliver. We've done some good things, but we've got to get it done. So stay
00:41:56.260 involved. Keep pushing on it. We'll keep working as hard as we can.
00:42:01.880 Congressman Roy, thank you for coming on today. Thank you for being blunt.
00:42:05.080 I think we need Chip Roy, a fighter. Jim, I got about a minute. I got about a minute. Just
00:42:13.700 Ray Dalio warns us about a potential failed treasury auction. If we don't make some pretty
00:42:20.060 dramatic changes, your thoughts on that, sir? Well, you're never going to have a failed
00:42:25.420 treasury auction. You might, I'm not sure what Ray means by that. You might mean that you've got to
00:42:29.200 pay higher interest rates than you expected. I get a bad auction, but one phone call to Jamie
00:42:34.180 Diamond would take care of that. The primary dealers exist to underwrite the US government
00:42:38.500 debt. They're going to do it. You're not going to have a failed auction. That's a little bit
00:42:41.740 hyperbolic. And I want to rise to the defense of Scott Besson. By the way, Chip Roy is brilliant.
00:42:47.060 I'm a big fan. I spent some time with him down in Texas with Ted Cruz back in the Rick Perry days.
00:42:52.240 So I think he's great. But he's missing a key thing. When he says that Besson's plan won't work
00:42:58.680 because we're not going to cut spending. Yeah, we're whacking certain agencies, but in the
00:43:02.580 aggregate, we're not going to cut spending. Spending is going to go up. It's just, it's going to go
00:43:05.760 up. And so he's suggesting that Besson's plan will fail. But what he's missing is everything
00:43:10.580 Besson's talking about is a ratio. Besson's not talking about absolute numbers. He's talking about
00:43:15.120 ratios. And when you have a ratio, you have a denominator. And what he's missing is the
00:43:19.000 denominator, which is growth. If you can get the growth, you can hit Besson's targets.
00:43:22.960 Hang on. Hang on. Okay. We're going to have a little debate in the last between Jim Rickards
00:43:28.360 and Stephen K. Bannon. Jim Rickards is absolutely correct. To get that six and a half down to
00:43:32.040 three and a half percent, it's predicated upon growth. We're going to talk about the supply
00:43:37.440 side tax cut and what it means for growth. Is it real or is it ephemeral? Short commercial
00:43:42.480 break. Rickards on the other side.
00:43:52.960 What if he had the brightest mind in the war room delivering critical financial research
00:44:00.040 every month? Steve Bannon here. War room listeners know Jim Rickards. I love this guy. He's our
00:44:06.200 wise man, a former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics
00:44:12.020 and capital markets. Jim predicted Trump's electoral college victory exactly 312 to 226 down to the
00:44:20.420 actual number itself. Now he's issuing a dire warning about April 11th, a moment that could
00:44:26.940 define Trump's presidency in your financial future. His latest book, Money GPT, exposes how AI is setting
00:44:34.500 the stage for financial chaos, bank runs at lightning speeds, algorithm-driven crashes, and even threats
00:44:41.060 to national security. Right now, war room members get a free copy of Money GPT when they sign up for
00:44:47.080 strategic intelligence. This is Jim's flagship financial newsletter, strategic intelligence.
00:44:53.600 I read it. You should read it. Time is running out. Go to Rickardswarroom.com. That's all one word,
00:44:59.300 Rickardswarroom. Rickards with an S. Go now and claim your free book. That's Rickardswarroom.com.
00:45:06.140 Do it today.
00:45:08.660 Here's your host, Stephen K. Band.
00:45:13.660 The IRS is going to be coming looking for their dough, particularly if you got a letter. Don't put
00:45:17.900 it in the drawer. That means the fees, the interest rates, the penalties, it all just metastasizes.
00:45:23.160 800-958-1000, Tax Network USA, promo code BAND, and get a free consultation or TNUSA.com.
00:45:30.580 Free consultation tax day arriveth, what is it, next week? I guess a couple weeks from now because
00:45:37.000 the 14th, yeah, a couple Tuesdays from now. Get on it today. Talk to those folks. Don't deal with
00:45:46.000 the IRS by yourself. You need someone that can assist you. So do it. So Jim Rickards, Scott's six and a
00:45:53.500 half to three and a half. You're absolutely correct. It's what's the denominator. Do you believe
00:45:57.620 either through tax cuts, deregulation, the animal spirits, using tariffs to bring manufacturing jobs
00:46:03.660 back? What is it that's going to take to drive actual real growth, not growth through inflation,
00:46:10.700 but real growth in the American economy, sir? Well, exactly the things you mentioned. And by the
00:46:16.860 way, we have a test case for this or a real world example. The first two years of the Reagan
00:46:21.020 administration, 81, 82, we had the worst recession since the Great Depression at that time.
00:46:27.480 We've had worse ones since, but that was a very bad depression. We came out of it from 1983
00:46:32.600 to 1986. The US economy grew 16% real. That's not with inflation. There was inflation, some inflation,
00:46:39.840 but 16% real growth. That's the kind of growth you can have with tax cuts and with the Reagan
00:46:44.680 policies. Now, come forward to Trump. He's proposing many of the same things. And by the way,
00:46:51.280 Trump, sorry, Reagan used tariffs also. Lighthizer was the deputy US trade representative at the time.
00:46:56.740 He's not in the cabinet today, but his protege is. And he's directing a lot of these ideas.
00:47:03.120 In the 80s, Lighthizer took on the Japanese auto industry. Today, he's gonna, his policies rather,
00:47:08.880 and Navarro's, Peter Navarro's policies. We're gonna take on the Chinese auto industry and also
00:47:13.360 Canada and Mexico. So with tariffs, investment in the US, high growth, sorry, high real wages,
00:47:22.260 again, all real, high real wages, better jobs. You can get that kind of growth. We might have a
00:47:27.520 recession this year. We might be in one already. That's the Biden hangover. But coming out of that,
00:47:32.020 you can see very strong growth in 26, 27, 28. And that's what achieves Besson's targets.
00:47:37.920 That's what makes it real.
00:47:40.580 What is, because you've got enough battle scars to realize they're not going to cut spending.
00:47:45.760 And front page of our favorite Financial Times alone,
00:47:47.980 investors flock to gold as fears mount on eve of Trump tariff announcement. Gold rushed to a haven
00:47:54.700 asset. And of course, over here is the Chinese Navy basically doing drills that shows that they can
00:48:01.140 do a naval quarantine around Taiwan as a signal to us. Your thoughts about why is gold at an all-time
00:48:09.460 high or heading towards an all-time high, I guess, in real numbers, sir?
00:48:13.360 Yeah, there are some fundamental reasons. But in the short run, markets can deal with good news and
00:48:19.240 they can deal with bad news. They cannot deal with uncertainty. So some of the uncertainty is going
00:48:23.820 to be lifted, you know, four o'clock this afternoon. But Trump's going to have further tariff
00:48:28.320 announcements tomorrow. And, you know, Trump's dharma is it's never over, meaning he will, you know,
00:48:35.420 negotiate bilaterally. The market, the markets hate that. And so when you go to gold, gold's not necessarily
00:48:44.120 the best inflation, it does do that. I call it the everything hedge, uncertainty, geopolitics,
00:48:50.060 Ukraine, Putin, China. It's had a long list of things. If you don't know what you're doing or you don't
00:48:54.400 know what's happening next is a better way to put it. Go to gold. But the fundamentals are who's buying it?
00:49:00.400 It's not retail. There's no retail frenzy in the U.S. It's the central banks. It's Russia,
00:49:04.960 China, Iran. Iran's not transparent, but they're buying it. Turkey, Vietnam, Mexico, and others.
00:49:10.580 And they're basically, this is the BRICS currency. There was so much talk two years ago. The BRICS
00:49:14.740 are coming up with a new currency. They're not. I mean, maybe in 10 years, but they're not coming up
00:49:18.700 with a new currency. They already have one. It's gold. And so if you don't, you know, when you see the
00:49:23.080 U.S. trying to steal Russian treasury securities and, you know, Stephen Moran, I've met him, but
00:49:29.060 he's the Mar-a-Lago Accord. He wants to cram 100-year bonds down our trading partners to
00:49:34.580 say, hey, we're going to redeem all your bills. And here's a 100-year bond, century bond,
00:49:38.420 et cetera. When you see that kind of thing going on, I say, just give me gold. I don't want
00:49:42.580 treasuries anymore. So I see. And mining output's flat. So you got fundamentals, but it's really
00:49:47.400 an uncertainty trade, everything hedge right now. But it's going to keep going. We're in the
00:49:51.600 early stages of a gold boom.
00:49:57.120 Jim, where do people go to get your writings? I'm going to actually check in with you tonight
00:50:01.020 personally after the show on what you thought of Liberation Day and hopefully have you back
00:50:07.480 on the next couple of days. Where do people go to get Strategic Intelligence, the newsletter
00:50:11.920 and your great book on artificial intelligence and currency?
00:50:15.520 That's right, money, money, GBT. So we have a landing page for the War Room Posse. It's
00:50:21.140 called RickardsWarRoom.com. That's RickardsWarRoom.com. You go there, we've got actually a new video
00:50:27.820 up and you'll be able to subscribe to our flagship newsletter, Strategic Intelligence, where we cover
00:50:32.540 all this. By the way, the next edition is going to be on Magonomics, kind of going through some
00:50:36.840 of the things we spoke about today. Also on Twitter, at Jim, sorry, at Real Jim Rickards,
00:50:42.500 at Real Jim Rickards.
00:50:45.780 Jim, thank you for joining us on the Morning of Liberation Day. Look forward to talking to you
00:50:49.500 this afternoon.
00:50:50.820 Thanks.
00:50:53.820 Historic day. Rickards looks at all the political class with a jaundiced eye. You know, his belief
00:50:59.880 is that we're not going to cut spending. If we don't cut spending, man, we need a surge of growth
00:51:04.060 like you've never seen before. So we'll get into all that tomorrow because we're going to see where
00:51:09.660 the structure, there's still a debate over at the White House. Is this going to be reciprocity?
00:51:14.320 In other words, it's going to be each country is going to have a counter tariff put on them and
00:51:19.380 also non-tariff barriers? Or is it going to be some sort of tronching at 20%, maybe down to 10%,
00:51:25.220 maybe tiering country by country? I think that's all being worked out. They should start rolling this
00:51:31.740 out. I think messaging wise, early afternoon, four o'clock in the Rose Garden, I would hope that
00:51:37.120 they would definitely wait to the end of the market, especially at Rose Garden, signing President
00:51:42.420 Trump. Very big day for President Trump. He's worked on this a long time. I love Rickards saying
00:51:47.700 President Trump, his dharma is that he's got to, he's always negotiating. Every day will be Christmas
00:51:54.380 day for him after today because it'll be, this will be the biggest global negotiation ever
00:51:59.080 geo-economically as he repivots the country, biggest since World War II. Natalie Wynn is going
00:52:04.340 to join us. The great Mike Benz is going to join us. I have to depart here shortly. I've got to give
00:52:10.940 a talk today over a tech conference. How does that sound? Also tomorrow is going to be over the Justice
00:52:18.700 Department. So a lot going on back here in the Imperial Capitol to lend a hand and make sure that
00:52:26.340 we get a big launch on, on Liberation Day. Everybody that's worked on populist economics, America first,
00:52:33.240 economic nationalism. Today is a huge day. Going to leave you with the right stuff. We'll be back in
00:52:39.800 the world. Make sure you take out your phone, Bannon, B-A-N-N-O-N. Text that to 989898. Get to
00:52:46.540 Birch Gold. What did, uh, Rickard just say in explosions coming? Find out why. Find out the
00:52:52.720 underlying reasons. The ultimate guide to the investing in gold in the era of Trump from
00:52:58.180 Birch Gold. Talk to Philip Patrick. Do it today. Back in the war room in a moment.
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