Bannon's War Room - Episode 4385： Outcry From Liberation Day; The Great Deal

00:00:00.000 on the tariffs enough already let's just disrupt everything the president wants to do it he wants

00:00:07.340 to hammer canada he wants to hobble mexico he's all over europe and mercedes-benz vw lambo hey

00:00:12.660 toyota look out same with nissan china forget it jake tough luck nissan and kia see ya yep welcome

00:00:20.040 to liberation day where america does to all of our trading partners like we did to the red coast in

00:00:24.760 days of europe it's time to make them pay teach them a lesson don't tread on me just begun to

00:00:29.560 fight whether you think it's good policy or bad policy it sure seems like wall street's gotten

00:00:34.180 tired worrying about it and just says bring it on although today in some sort of weird reprieve

00:00:39.640 the dow gained 235 points has to be advanced 0.67 percent and the nasa actually climbed 0.87 percent

00:00:44.820 you know what that's kind of like a joke see because that was before all the announcements

00:00:51.280 after hours and the trades after hours are painting a different picture a horrendous picture the one we

00:00:58.080 had had dangled in front of us since election day the one that's finally here and it's every bit as

00:01:04.320 horrible for stocks as many of us thought it could be i want to highlight something donald trump has

00:01:09.980 argued over and over that we need to impose these tariffs because other countries have been ripping us

00:01:17.580 off for years taking advantage of the american people the white house says the 10 percent tariffs

00:01:23.080 are going to apply everywhere well wire and axios pointed out something really important those taxes

00:01:29.600 include the herd and mcdonald islands you can see right here on this massive list the administration

00:01:36.420 put out on social media but here's what you might not realize those islands they're in antarctica

00:01:41.720 they don't produce any exports do you know why because there are not any human beings that even live

00:01:48.820 there there is no possible way that they could be taking advantage of us on trade what we do not

00:01:55.060 know is that the penguins who live there will retaliate that's exactly right i i do think in in prior

00:02:01.760 periods i mean i the late jack welch whom we worked for at ge would have said something irrespective of

00:02:07.140 of any considerations for the price of the stock or or any other issues that might have been outstanding

00:02:12.420 we think he would have i think we had a functioning democracy yeah we did absolutely but i also think

00:02:17.540 um in this as we've seen with with the law firms i mean the retribution is is swift and severe

00:02:23.120 and and that you know the i i to an extent understand their reticence but to come out and

00:02:30.300 and really ignore what the economic implications of a full-scale trade war are and what will that

00:02:35.520 will do to the domestic and global economy which is in their own business interest as well

00:02:39.860 is is perplexing at best global community is reacting to president trump's sweeping new tariffs

00:02:45.460 a spokesperson for the government of france says we are ready for this war british prime minister

00:02:52.080 keir starmer is warning nobody wins in a trade war poland's leader also issued a warning if a bit

00:02:59.080 vague saying partnership means really and truly reciprocal tariffs australia's prime minister says

00:03:05.820 his country will not join a race to the bottom and china's commerce ministry is pushing back

00:03:11.760 calling the tariffs a form of quote unilateral bullying adding that protectionism is not a

00:03:17.740 solution complaint about the harris and the by the administration was the intrusion of corporations

00:03:23.560 they don't have an allegiance to the u.s that's that's the heart of the problem in trump's mind

00:03:29.120 is the elite multinational corporations know no borders the money goes everywhere and the free trade

00:03:36.100 global global globalism has been in reverse really since covet the problem is is that the direction of

00:03:43.080 that reversal was wrong and maybe if trump had a second term instead of biden instead of vietnam and

00:03:48.800 some of the alternate places uh that that were extracted from china during covet maybe it would have

00:03:54.640 come to the u.s maybe that would have helped andrew's question of how long it's going to take for

00:03:59.280 ongoing to occur i'll tell you what the structural issues of re uh jiggering trade are not going to

00:04:06.700 be easy but in the end once again it comes to you know i was doing santelli exchanges on the end of

00:04:13.440 globalism 10 years ago the handwriting has been on the wall ultimately if you live in the u.s or you live

00:04:21.240 in europe or you live in china ultimately what goes on at home is very important and after world war ii

00:04:28.260 when the united states was way up here economically and everybody else was in melting ruins we created

00:04:34.780 this structure and the structure is outlived its usefulness in many ways and to try to tweak this

00:04:42.000 because we're the richest country in the world for maintenance is not going to be wait wait what'd you

00:04:47.200 say because we're the richest country in the world we came out of the pandemic faster we had better

00:04:54.320 growth we are the most dynamic economy in the world money and much of that and much of that money we

00:05:00.760 spent was in debt the debt was financed by foreigners some of that they enabled us just like the fed

00:05:06.760 enabled us with those capital accounts i'm saying there is a dark side to the trade deficits in a

00:05:13.400 different way i think than trump looks at it i look at it like it does it does underscore and underpin

00:05:20.560 a type of financial behavior that in the long term hurts us i'm confused because if people make a

00:05:28.200 decision to buy something from abroad isn't that part of the freedom and independence people have

00:05:33.840 they don't make that decision they make the decision to buy what's cheap and that's the problem

00:05:39.000 okay we're gonna make it so it's not artificially cheap anymore every day kmart low prices had a dark

00:05:46.220 side for the american economy no but but here's my question rick what about all of the the folks in

00:05:52.580 china and india and other places who've been buying nikes uh who've been buying starbucks who've been

00:05:57.020 going to mcdonald's okay why does nike sell a pair of gym shoes for 200 bucks and they have to make it

00:06:03.000 in china where they pay people peanuts it doesn't make sense from the get-go wait now you care about

00:06:08.820 chinese workers rick build them over here okay now you care about the chinese workers people that make 0.99

00:06:14.560 more money we have benefits we cost more to make stuff but there's a reason for that because people

00:06:21.940 bring their they they buy something cheap and they have money to buy other things that's how it works

00:06:27.620 rick over time you want us to go back to the horse and buggy it really that's why trump's reversing it

00:06:33.580 because we have 37 trillion dollars worth of how it works because china is an adversary it is not a 0.56

00:06:41.360 partner for the united states europe would make a very different argument and europe might be wondering

00:06:46.760 this morning why they're being thrown into the same bucket as the chinese what explanation can you give 0.98

00:06:51.580 them europe does not treat our products fairly they do not treat our companies fairly they treat

00:07:01.940 themselves incredibly well to the detriment of the united states of america right it is time for them

00:07:09.120 to treat us fairly and that is the point this is not it's not free and fair trade their tariffs are higher

00:07:16.120 the non-tariff trade barriers are incredible like i'd ask you why don't they take our beef why don't they

00:07:24.520 take our agricultural products why because they don't want them because they want to make the money

00:07:31.240 themselves why is it okay for every other country to feel this way and it's not okay for america i tell

00:07:38.000 you why because we were the world's piggy bank and donald trump has said our 36 trillion dollar deficit

00:07:45.460 our 1.2 trillion dollar trade deficit 1.2 trillion dollars we buy other people's things more than we

00:07:54.400 sell them ours it's got to be rebalanced it's a national emergency let's fix america and we can

00:08:03.100 this is the primal scream of a dying regime pray for our enemies because we're going to medieval on

00:08:14.440 these people you're just not got a free shot all these networks lying about the people the people

00:08:20.880 have had a belly full of it i know you don't like hearing that i know you try to do everything the

00:08:24.960 world to stop that but you're not going to stop it it's going to happen and where do people like that

00:08:28.740 go to share the big line mega media i wish in my soul i wish that any of these people had a

00:08:36.780 conscience ask yourself what is my task and what is my purpose if that answer is to save my country

00:08:44.580 this country will be saved war room here's your host stephen k bantt

00:08:51.780 it's a thursday 3 april in the year of the lord 2025 the morning after the brewery went morning after

00:09:02.680 folks besides all the people running around lighting their hair on fire it's been pretty orderly

00:09:09.240 it's a market reaction but it's certainly not the market crash it was forecasted it's it's an orderly

00:09:16.740 sell-off of people changing their portfolio around companies that have taken advantage of the united

00:09:24.360 states of america and countries that have taken advantage of the united states of america president

00:09:31.680 trump don't take it from me take it from president trump just put up on true social if denver would

00:09:37.520 be so uh kind to put this up and it's in all caps so you know this is president trump double down and

00:09:46.220 meaning it the operation is over the patient lived in his healing the prognosis is that the patient will

00:09:55.400 be far stronger bigger better and more resilient than ever before make america great again

00:10:03.540 yesterday one of the most important days in american history the liberation you saw right there the

00:10:11.900 intense of fight back and forth you also see that was it lieberman or leesman the big liberal over at

00:10:18.100 cnbc is a complete this is the pablum put out the anti-american pablum the anti-american worker

00:10:25.980 pablum see but they got a retreat to when he's trying to argue oh don't you want treat goods you're

00:10:31.100 taking people's freedom away no it's they're all lies and misrepresentation running dogs of wall street

00:10:36.260 that have stolen from this country and stolen from its people for decade after decade at the corporatist

00:10:42.700 and the sociopathic overlords have ripped off this country and as trump says he doesn't blame the

00:10:50.980 foreigners if you if you're going to have people here running your institutions that allow you to 0.95

00:10:55.800 rip off the nation rip it off competing nations not there to be your buddies your friends folks the

00:11:06.400 reason i say was stave is now two percent three percent oh my gosh people are saying we just went to

00:11:11.560 economic war with china you understand those tariffs with china where she right now is with that 0.61

00:11:20.860 economy being so fragile because once again they've papered over problems and the great rick santelli

00:11:27.880 remember rick santelli rick santelli started the tea party movement when he had that amazing rant

00:11:33.760 i think in march of 2009 when they first started the bailouts obama first started the bailouts

00:11:41.820 the tea party the folks you know the the michael patrick lahe's and the jenny beth martin's

00:11:49.740 and others that were just kind of around the kind of the jim hall set on st louis they they they pulled

00:11:54.980 together rallies off of his off of his uh rant rallies on april 15th of 2009 on on tax day

00:12:05.060 because tea party said for tax enough already

00:12:08.340 right there santelli's beating him back said hey this has been 30 40 50 years you have to look at two

00:12:15.640 deficits and they're inextricably linked as much as my brothers on wall street don't want to admit this

00:12:22.660 these are inextricably linked you have 37 trillion dollars face amount of debt folks the um contingent

00:12:32.540 liabilities that you have remember your full faith and credit of the united states of america backing up

00:12:39.340 that greenback that dollar the contingent liabilities are over 100 trillion dollars that thing's so

00:12:46.960 overwhelming i don't even get into it with you let's let's take the face amount of the 37 trillion

00:12:51.760 which has exploded right it has exploded things have been 16 trillion dollars of debt

00:12:57.620 and the top one percent keep aggregating their wealth i think in the last six months 4.4 trillion

00:13:02.700 dollars has accumulated to the top one percent greater than the entire bottom 50 the united states

00:13:08.600 you can't that's a system that's not sustainable the trade deficit i think the 1.2 trillion this year

00:13:15.680 record trade deficit every month leading up to this the trade deficit i think the aggregate

00:13:20.520 spencer morris said last time we're talking morrison talk last night i think it's 25 trillion dollars

00:13:25.820 maybe higher than that that is the amount of resources we have paid other countries to bring

00:13:31.620 consumer products into here but that means your money's going out overseas and not saying in the

00:13:38.180 country and wall street oh the money's fungible services just good no you're all wrong you're just wrong

00:13:42.980 you have 37 trillion dollars face amount of debt they're running two trillion dollar deficits every

00:13:49.620 year we have a 1.2 trillion dollar trade deficit we have 25 trillion dollars aggregate

00:13:54.660 think trade deficit we've hollowed out the country and yesterday an individual a guy from queens that

00:14:03.300 made his money in real estate and then became a media star the blue-collar billionaire

00:14:08.380 stepped out in the rose garden upon as lincoln would say thrusted upon the world stage and said

00:14:15.580 guess what there is a new sheriff in town and we're going to restructure this entire thing

00:14:23.140 you're no longer going to rip off american workers in the american working class the american middle class

00:14:29.880 trump promised to put you in the room remember in washington dc not in the room not in the deal

00:14:38.560 well yesterday more than even the creditors committee he put you at the head of the operators

00:14:45.740 committee the operations committee this president trump said this morning operation went fine patients

00:14:54.020 doing okay short break you don't go out and buy a life jacket when the boat is already sinking and you

00:15:04.280 don't buy gold when the economy has already collapsed clearly others are heeding this advice as gold hit an

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00:16:07.780 your financial future today with gold have trade surpluses and we didn't have a fed that left

00:16:15.480 rates at zero maybe the pain of overspending would hit home much sooner rick if you don't have

00:16:21.840 the but if you don't have the trade deficit then you won't and everything gets manufactured here

00:16:26.800 you're not going to collect the revenue that you want i think from those tariffs i think trump would

00:16:34.300 be happy with that i think the people who used to talk about economic freedom are suddenly talking

00:16:39.520 about something a little different that that there was a time when i've never talked about economic

00:16:44.160 freedom i talked about i've never been a fan of globalism never but you're a fan of the government

00:16:48.820 telling us where and how we can buy and how much we ought to pay for it and what kind of industries

00:16:53.880 business ought to do and where apple ought to source it that's what you're in favor of call it back i

00:16:58.960 can't take leasman this is this is this is this is the running dogs for the gold globalists all

00:17:03.260 sudden they're so interested in freedom for the first guy that said no if the terror if they bring

00:17:08.780 the factories here we manufacture here no you're not going to get tariffs hello but you're going

00:17:13.740 to get taxes this is not that hard guys you work it is supposedly the biggest most sophisticated

00:17:20.480 business channel in the world you ought to learn something leasman's just a big mouth liberal

00:17:26.240 there all the time a trump hater doesn't know anything total airhead and the great rick santelli

00:17:32.700 think what rick santelli has put up every day over there santelli telling the truth just like he

00:17:39.180 talked to power and started the tea party revolution santelli is a major major player in this because

00:17:44.900 every day he's telling exactly like it is

00:17:46.800 and the globalists hey look it's a declaration of economic war against the ccp yesterday but those 0.97

00:17:58.860 tariffs that will break china they can't have that you're going to see every nation on earth running 1.00

00:18:06.060 to the oval office zuckerberg yesterday on suits that president trump started in first term to break

00:18:18.800 the oligarchs and the democrats didn't have the back alina khan or any of the antitrust people they 1.00

00:18:25.780 put in his window dressing these people were hammers but remember the progressive regime of

00:18:31.760 biden really in obama didn't have their back president trump is two weeks away from the trial

00:18:39.000 as mike davis said last night zuckerberg's in the in the oval office begging for mercy reporting i think

00:18:44.660 a politico saying the staff over there is getting tired of it the intense pressure being put by by

00:18:50.040 facebook and by people all over town to ease up that's the exact same thing you're going to see

00:18:56.760 here every day for president trump now for the next couple years going to be a negotiation

00:19:01.320 matt boyle i think said it best uh you know i'm a maximalist when it comes to reciprocity

00:19:08.860 the reciprocal tariffs because i think trump thought the idea up i thought it was brilliant nobody thought

00:19:12.800 it up beforehand he conceived this years ago he wanted to do in the first term

00:19:16.860 but yesterday was far better it's not a maximalist approach it's kind of the the wisdom of solomon

00:19:26.360 he didn't quite split the baby he went more to the reciprocity side than to the tiered 20 percent but it was

00:19:34.880 it's a beautiful thing the market reaction no matter what msnbc is saying is orderly because like

00:19:44.100 when you say the stock market's up the stock market's up it's it's the mag seven it's seven tech stocks

00:19:49.260 that have been kind of hyped and have had no antitrust these oligarchs have no antitrust been hyped on ai

00:19:56.760 then looking for the public to start paying for the data centers

00:20:01.480 you know another bailout of the of the wealthy of the oligarchs

00:20:06.400 and they've been they've taken advantage of this trade situation guess what that's over

00:20:12.900 trump threw down hard yesterday the europeans are in shock

00:20:19.120 that's when we started with kramer the cold open start with kramer because at the end of market yesterday

00:20:25.700 i kept telling people they don't believe they don't believe trump there was really no market activity

00:20:30.280 the dow finished up 200 points when it closed at four o'clock

00:20:35.100 but then trump magnificently walked out there folks if if you're a trump supporter

00:20:43.240 if you've been with president trump and even those are just now coming aboard

00:20:48.680 we love you too right we love converts um yesterday was so magnificent and the stagecraft was so perfect

00:20:58.580 his speech was so incredible he had full command like you want an executive to have full command

00:21:08.220 of the issue how it was going to be presented to make it accessible to the american people

00:21:16.180 he didn't have a he held it

00:21:19.660 and i often say this i was i was concerned that there wasn't enough rollout part of that they had not

00:21:25.920 finally decided but it was not enough rollout beforehand

00:21:28.120 but

00:21:29.160 understanding that president trump knows mass communications

00:21:33.260 uh a hundred times better than i do

00:21:35.500 and he is a mcclellan's figure i kind of got it

00:21:38.620 a few minutes into his speech he held no leaks no no no going out on cnbc and giving a heads up

00:21:45.760 they gave a media they gave a media at three o'clock a tee up to the media but nothing could lead close hold

00:21:51.600 uh for the so the media could start thinking it through and people were like in gasping

00:21:56.340 and trump goes out there because

00:21:58.620 he wanted the world to know and to see in his own voice in his own cadence in his own thought processes

00:22:08.220 what is what he intended to do

00:22:11.700 because he's reordering the world's economic system

00:22:16.740 a system that has been in place

00:22:19.840 since the end of world war ii

00:22:23.120 the post-war international rules-based order

00:22:26.160 set up with american institutions

00:22:28.980 and paid for by american blood

00:22:31.720 the victory in world war ii and us being the arsenal of democracy

00:22:37.280 the huge casualties as we talk about and i

00:22:41.200 believe that this is really

00:22:43.100 we're going to bring because russia was exempted and we're doing this rush push mount with russia

00:22:49.920 we've gone to war with the ccp really to free laobai jing 0.99

00:22:53.960 i think what you're seeing folks and what's going to play with the next couple years we're actually ending world war ii

00:22:59.520 in world war ii

00:23:02.340 although we had the unconditional surrender

00:23:05.080 surrender of the governments in the military of the fascists in italy in the imperial japanese in tokyo and of course the nazis in berlin

00:23:16.040 it it kind of immediately got off track

00:23:18.860 and that's where we had the cold war immediately with our who'd been our biggest ally during the war the bolsheviks under stalin

00:23:28.040 and that cold war went all the way to

00:23:31.420 1989 at tanneman square in the fall of the berlin wall

00:23:34.860 and then when the people in those two countries had had enough of it

00:23:39.260 and president reagan obviously the victory you know pushing the evil empire when they collapsed and cratered

00:23:45.200 we

00:23:46.740 kicked into the elites in america set up had already set up a globalist

00:23:52.340 system this is why in 70 uh you know for we talked about spencer morrison yesterday the first time we had a trade deficit

00:23:59.460 going off the gold standard the arab oil embargo

00:24:02.640 all of it happened in the early 70s that whole decade

00:24:06.260 the globalists took over

00:24:08.800 and so instead of taking out the chinese communist party we emboldened them

00:24:13.580 to the detriment of laobai jing this was the bush this was scowcroft this is the the neoliberal neocons in the bush

00:24:19.860 who are no different than the democrats really

00:24:21.940 then when the berlin wall fell

00:24:25.020 really the west led by western europe tried to just go and steal everything of the russian people

00:24:30.520 used to come to our offices in beverly hills oh you can buy the greatest studio in the world for

00:24:34.860 five cents on the dollar i said no no meeting you're out of here and they go why i go because

00:24:40.440 one day the russian people are gonna sit there and go hey who are these foreigners that stole 0.96

00:24:44.340 our assets and that's what happened a couple years later the kgb took over the kgb runs it today

00:24:50.380 and the chinese communist party is stronger than ever

00:24:52.640 what president trump is really doing is saying that post-war international rules-based order

00:24:58.800 eventually got to gut it set up a globalist system

00:25:01.920 that was predicated upon the working men and women in the united states

00:25:05.260 for them to supply the cannon fodder of their sons and daughters 0.99

00:25:10.120 to be spread out all of hell's half acre in these forever wars but also to pay the price economically

00:25:16.640 and to make sure all the high value added jobs that had been here during our rise to power

00:25:21.880 would be shipped overseas to work essentially at slave labor throughout the rest of the world

00:25:26.580 while you suffered here and had to work a couple of jobs or

00:25:29.180 got a job in a mcdonald's or i don't know was it 18 million

00:25:33.220 men are out of the workforce because of no high value manufacturing jobs that's what he's trying to bring

00:25:39.900 back that's the whole package that's what this is about jack basobic last night told me it's

00:25:46.600 called it should be called the great deal the great deal he's made a compact with the american

00:25:53.280 people that i will put america first and i will put american citizens first he says something very

00:25:59.200 powerful yesterday whether republicans or democrats these individuals thought they were president of the

00:26:04.560 world you're not president of the world you're president of the united states of america

00:26:09.780 and you're the leader of the american people so with all the complexity and everything they're

00:26:15.920 trying to throw at you and steve the steve leismans of the world and all this bs they're trying to

00:26:19.620 throw out this is quite simple we're not going to get ripped off by a bunch of elites in these

00:26:26.100 countries that we underwrite that we are upside down on commerce upside down on trade because they

00:26:32.880 hinder our trade with non-trade bearers and tariffs at the same time that you're paying and underwriting

00:26:37.360 their defense it's over and of course they're going to be upset about it of course they're

00:26:43.260 going to be pulling their head about of course they're going to be cursing trump and cursing

00:26:46.100 trump's reactionary followers of course they're going to do that i wouldn't expect them to do anything

00:26:50.080 else but they've been out it we're not paying for your defense anymore and we're not going to let

00:26:56.780 you steal from us of what you've been doing and you're going to have all kind of complicated

00:27:01.320 well it basically that's what it is and trump yesterday walked out in that magnificent backdrop

00:27:07.800 of the oval office but festooned with the american flag just amazingly beautiful great stagecraft there

00:27:14.280 guys in the oval office and overcast and i think slightly chilly day

00:27:18.400 liberation day one of the most important days in american history it'll be the national holiday

00:27:27.860 reminding and remembering people about president trump long after he's gone decades from now it won't

00:27:35.060 be his birthday it'll be april 2nd when he stepped on the world stage and told the globalists your game

00:27:42.200 is up it's over i hereby decree that we're going to have a different deal a great deal a great deal for

00:27:52.020 the american people and guess what it'll work out for you too after some period of adjustment

00:27:56.400 incredible absolutely breathtakingly incredible short break

00:28:06.280 what if you had the brightest mind in the war room delivering critical financial research every

00:28:17.780 month steve bannon here war room listeners know jim rickards i love this guy he's our wise man a

00:28:24.380 former cia pentagon and white house advisor with an unmatched grasp of geopolitics and capital markets

00:28:30.460 jim predicted trump's electoral college victory exactly 312 to 226 down to the actual number itself

00:28:39.620 now he's issuing a dire warning about april 11th a moment that could define trump's presidency

00:28:45.760 in your financial future his latest book money gpt exposes how ai is setting the stage for financial

00:28:53.060 chaos bank runs at lightning speeds algorithm driven crashes and even threats to national security right

00:28:59.780 now war room members get a free copy of money gpt when they sign up for strategic intelligence this is

00:29:06.520 jim's flagship financial newsletter strategic intelligence i read it you should read it time is running out

00:29:13.920 go to rickardswarroom.com that's all one word rickards war room records with an s go now and claim your free book

00:29:21.380 that's rickardswarroom.com do it today here's your host stephen k man

00:29:28.300 market's down 1400 points i think it's three percent but it's orderly i know it's not a meltdown because gold's down a little bit

00:29:38.840 gold's at 31 30 a guy said today about gold and of course you know i didn't get my financial times

00:29:46.940 today delivered we got everything else we got the you know trump rolls out vast arsenal vast arsenal on

00:29:54.580 global on global tariffs from the new york times you got that's a beautiful shot too by the way over

00:30:00.040 president trump's shoulder into the crowd that was there and you see the cabinet in the first row

00:30:05.560 really magnificent about how they set that up yesterday this is this is one a posto loves

00:30:10.700 and now that meme is president trump like moses those are the reciprocal tariffs right

00:30:17.720 by country posto yesterday why is my president holding his charts he loves his charts those are like

00:30:24.300 the tablets that moses brought down trump slaps broad tariffs on imports then they got editorials

00:30:30.120 hating on it gold's down a little bit that means you show it's not a meltdown

00:30:34.440 it's not a meltdown president what did president trump said the the the patient came through the

00:30:40.740 operation there's a long way to go on this folks long way to go but gold's down otherwise of gold if

00:30:48.020 they had all been a flight into gold and the markers down 10 and look all that could happen

00:30:53.000 stay by day but i think they're realizing that trump trump means what he says when he says he's going

00:31:02.160 to close the border he's going to close the border when he says he's going to deport people he's going

00:31:07.100 to deport people when he says he's going to take on these judges about judicial supremacy he's going

00:31:12.080 to do it when he's going to break the law firms he's going to do it when he's

00:31:19.080 going to take on these universities he's going to do it i can go on and on and on and on when donald

00:31:27.180 john trump says he's going to do something he's not just spouting off they treat it like he's

00:31:31.360 spouting off since he came on the scene let's say in 14 or 15 so what we're 10 years into this a

00:31:37.340 decade into this they still don't understand anything about him they don't give him the

00:31:42.300 common decency or courtesy of actually trying to understand what he says what it means and

00:31:47.640 how it all fits together because it all fits together quite brilliantly and the european

00:31:53.680 elites just thought they could outlast him i thought hey the americans you know all the guys

00:31:58.840 in msnbc they're there the atlantic council they're all being our side the party of davis

00:32:04.320 just got to wait this out now they're now they're in bad shape they're not going to be under not

00:32:10.000 having the defense paid for by you and your kids and they're not going to let them rip them off on

00:32:16.140 trade sorry not sorry european elites are in for a very bad rum i i don't know you think a couple

00:32:25.240 of those governments could be overthrown by the populist right in elections uh let me think

00:32:29.660 thinking thinking thinking yeah i think so because they've been exposed for exactly what they were

00:32:37.220 remember all those governments are just kind of follow-ons from the aristocracy

00:32:41.500 that really didn't take you get that get taken out in world war one and i'm about as big an

00:32:48.220 anti-monarchist as you can get i think aristocracies throughout history have proved proven time and

00:32:54.620 time again just to be for their own self-interest and not for the interest of the people not for

00:33:00.300 the interest of their nations and certainly not in the interest of god although they cover that up

00:33:05.460 and had a lot of um you know a lot of symbolism associated that but not real meaning not real impact

00:33:11.320 not real actions so that's what you're saying that's what europe is just a it's just a monarchist

00:33:16.680 reactionary to the sovereign will of the people and trump finally said like rick santelli we're we're

00:33:25.460 not a piggy bank anymore this is why we had this massive debt this is why we had this massive trade

00:33:32.160 deficit and their industry could be linked and trump's saying enough now we're gonna have to get in some

00:33:37.120 very gnarly political things about the one big beautiful bill and all that particularly if there's

00:33:43.380 not real cuts in spending and particularly if there's not i don't know if you can't gap it i don't know why

00:33:50.400 we're cutting taxes or extending tax cuts for the wealthy i don't get that i just don't see the math

00:33:54.600 also you know elon musk

00:33:57.740 elon musk again the other day i think yesterday again reiterated one trillion dollars in cuts coming

00:34:05.780 out of doge brother if you do that we we will we will say there's a national holiday should be named

00:34:12.680 after you but so far i'm not seeing it you have some programmatic things like usaid but that's people

00:34:19.740 worked on forever that's not waste fraud and abuse that is programmatically should have been shut down

00:34:24.940 elon crane's people try to shut down a couple years ago but establishment republicans the controlled

00:34:29.240 opposition of the republican party kept it in there that's what trump's in in a bold stroke is throwing

00:34:35.120 away yesterday how many republicans how many republicans came to the ramparts yesterday and said how

00:34:42.840 magnificent this was in the senate in the senate the libertarian rand paul who i i i really love i love

00:34:51.080 rand paul but him but mcconnell what collins the senator from alaska the democrat senator of alaska

00:34:59.300 that's sitting in a republican seat they voted and so they have a resolution in the senate that the

00:35:05.580 emergency measures over and you can't do the tariffs with canada that's how much support you've got

00:35:11.300 from and there's another 30 republicans who would love to vote for that but they understand they're

00:35:15.620 afraid of you they're afraid of the trump voter they don't support us they don't you have not purged that

00:35:22.440 that's another issue for another day trump is essentially one man alone he's got supporters you

00:35:31.500 see lutnik's trying to get up to speed in some moments he's got some real brilliance in what he says

00:35:36.920 and there's other moments that is are suboptimal you've got scott besson scott besson's doing his

00:35:45.020 duties he's trying to keep the capital markets from imploding right scott's got his task and purpose

00:35:51.020 navarra's out breathing fire as he should and president trump came down harder on reciprocity than i thought

00:35:58.480 he would he landed to the reciprocity side and he did it was a magnificent explanation

00:36:03.060 and putting the charts up and now they're all saying the numbers are all wrong the numbers are

00:36:07.080 wrong well hey you calculate your numbers we'll calculate ours do you have your formula we have

00:36:12.340 ours and god bless you

00:36:14.060 but you can see by the reaction i'll tell you what you didn't get a real reaction the reaction you got

00:36:22.000 in china this happened the day before so you had the stock market yesterday that what didn't react that

00:36:27.020 badly right i said well you know you got the chinese navy that's now showing new aircraft carriers and

00:36:34.160 they got you know these uh these exercises off taiwan i think that's their equivalent of the market

00:36:39.560 kind of being down before you announced that they knew what was coming the ccp i think was 1.00

00:36:45.140 more ahead of this than um was was ahead of this much more than the stock market they understood

00:36:53.540 something was coming i'm not sure they realized it was economic warfare flat out which i'm digging

00:37:00.780 because i don't know at the current tariff structure he's got in the breaking non-tariff barriers let me

00:37:06.500 be blunt the chinese and they will be up at 11 with day brett the chinese county's party can't exist 0.99

00:37:12.120 it will implode can't they understand they're the you haven't seen them whining as much everybody else i

00:37:19.260 think they're behind scenes he's on it plotting on hey do we make a move in taiwan or not we got to 0.99

00:37:25.860 take it now because this guy's a madman he's much worse you know people used to say nixon's a madman 0.69

00:37:32.780 this guy really is because he'll take action uh gold i've never said this on the show but i've said 0.94

00:37:38.660 on bloomberg today and i'll have to repeat i'll get the clip go uh go take bannon your phone b-a-n-n-o-i-9-8-9-8-9-8-9-8-9-8 you get the

00:37:48.440 brochure the ultimate guide for investing in gold in the era trump from birch gold he gets to talk to

00:37:55.200 birch gold clearly they're converging forces in the restructuring of the global economy

00:38:01.120 that will have implications of gold as a hedge in a store of value but when the top analyst was on

00:38:06.840 bloomberg they had him in for an entire hour to go through the whole trade thing really brilliant guy

00:38:11.020 didn't agree with everything he said but had a really smart way of looking at credit markets and

00:38:15.640 equity markets in the bond market and he said hey look gold's an interesting asset he said

00:38:21.580 he says we track gold very closely it's outperformed the s&p 500 over the last 25 years hello

00:38:29.680 full stop his words i'll get the clip mark gold has outperformed the s&p

00:38:35.880 500 which is actually a better indicator of american industry it does include the banks

00:38:41.880 it's the s&p 400 is the best but the 500 is the american economy better than the dow jones

00:38:46.700 over the last 25 years now more than ever you need to understand not the price of gold you need to

00:38:53.880 understand the forces driving gold as a hedge in a store of value because folks it's going to be

00:38:59.220 turbulent never promised you a rose garden on this promise you we would deliver it from the rose

00:39:05.580 garden how's that for how's that for a a a land that land that um but go check out gold and most

00:39:16.080 importantly get to know philip patrick and team and why they recommend physical gold now more than

00:39:20.680 ever just do that also records more than ever if you like this stuff if you're attracted to this

00:39:26.000 and want to learn more and particularly if you haven't had the chance or the opportunity to get

00:39:30.340 college education or postgraduate education a lot of people just had to go to work

00:39:35.480 my parents were high school grads one of their things was make sure all five of their kids went

00:39:40.540 to college and they succeeded in that but i think my sister my older sister first kid in the expanded

00:39:45.880 clan they graduated from college so if you hadn't had those opportunities or even if you did and you

00:39:52.460 kind of partied through it records of strategic intelligence a great newsletter will keep you up to

00:39:58.360 speed and i think reinforce a lot of what you hear in the war room in a little more depth because

00:40:02.960 you can take topics and go in depth records war room.com strategic intelligence and he throws in a

00:40:07.800 free book on money and ai that is um we'll get your attention okay we'll get your attention

00:40:15.320 and last but not least home title lock now we need you at the ramparts a lot of work people are

00:40:20.400 talking about what happened in wisconsin what happened in florida understanding that it's about

00:40:23.620 low propensity voters in the war room posse who pulled out a massive win breitbart

00:40:27.520 matt boyle and warren posse have gotten all the kudos for pulling out the victory that looks like

00:40:33.620 it was going to be a defeat in florida six so we don't need you worried about your title remember

00:40:38.700 right now particularly where the economy is 80 or 90 your net worth is tied up

00:40:43.160 in home sweet home and the only thing you get you've got to prove that even if you're living there

00:40:49.180 is the title to your home don't anybody get to it the triple main dial triple lock protection 24

00:40:54.420 our coverage in the middle of the night they will alert you if anybody's messing with your title

00:40:58.660 and if all else fails to have a million dollar restoration project including lawyers talk to

00:41:04.260 natalie dominguez and the team today steve 25 home title lock.com steve 25 do it today

00:41:11.180 do i have ben harnwell ben harnwell this is one of the most i'm so waiting for this

00:41:16.520 your your your uh focus on the european capitals their response to america's liberation day sir

00:41:24.540 morning steve well let me invite you therefore to get your bucket of popcorn ready as i read

00:41:31.940 through the meltdown here across the european capitals let's start off with war room favorite

00:41:36.900 ursula von der leyen president of the european commission unelected president of the european

00:41:42.940 politburo she said that these terrorists were a major blow to the world economy america's great

00:41:49.760 friend china the commerce ministry said that there are no winners in trade wars there's no way out

00:41:55.920 um and then there's lots of other hypocritical platitudes which follow kirstama now i happen to think

00:42:05.680 that the brits have been unfairly treated on this but uh kirstama says that nobody wins in a trade war

00:42:11.480 we have a fair and balanced trade relationship with the u.s um nonetheless i will only strike a deal

00:42:18.860 um if there's a national interest why i say that i think the uk has been unfairly treated steve is

00:42:25.880 simply the reason that america had a trade surplus with with the u.s uh with america had a trade

00:42:32.620 surplus with the uk not a trade deficit um and the whole the whole the whole uh mathematical

00:42:39.340 arithmetical calculation behind these reciprocal tariffs was based on the trade deficit that the

00:42:46.420 u.s holds with other countries you had you sold more to the uk than you bought um yeah i just do

00:42:53.340 germany ben ben hang on a second that's because the uk doesn't make anything they abandoned just hang

00:42:57.500 over a second take a short commercial break ben harnwell's with me dave brad's going to join

00:43:02.100 dr thayer we're going to go around the world on the morning after liberation day

00:43:09.760 short commercial break back in a moment

00:43:12.440 while we may have won this election the fight to restore our great nation is only beginning

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00:44:51.960 of service do it today here's your host stephen k bannon a historic day it's the morning after and um

00:45:01.720 the world ain't melting down the rhetoric's a lot higher than the market moves

00:45:07.500 the market is going to move no doubt about that but you're seeing a reorientation a restructuring

00:45:14.660 of the world's economy so the american people are not it doesn't rest all on your shoulders and you're

00:45:20.020 not getting the benefits you're not getting the benefits you have to scramble for everything

00:45:26.820 you've got you're worried non-stop if you're in your 20s and 30s you worry non-stop about what

00:45:32.700 happens when i hit my 60s can i ever retire can i be like my parents or my grandparents i guess not

00:45:38.740 so much for your parents because your parents aren't retiring either that's all gonna be done away with how

00:45:43.060 do you how do you how is the system that creates so much wealth in the world rest upon the shoulders of

00:45:47.960 the working class and middle class in this country and they're not in on the deal if you're in the 1.00

00:45:53.280 middle class you get a taste you get your beak wet you get your beak wet but ask yourself

00:45:58.900 you get restructured out of that job and the corporations don't care at all you get restructured

00:46:04.120 out of that job tell me where you're on 100 days how you feeling how you looking you're nervous this

00:46:10.060 anxiety hangs over everybody shouldn't have why why do we have that anxiety in the united states of

00:46:15.120 america if the whole system rests on your shoulder why are you anxious shouldn't you say yeah rest on

00:46:22.060 my shoulders but i'm feeling good because i know you know we we create the value here we're the

00:46:27.220 foundational element so we get we get we get a piece of the action no that's not what happens

00:46:32.280 you get the exact opposite that's what trump's doing it's very basic you're now going to get a piece

00:46:38.620 of the action and you're not a freeloader you're not asking this for free what are we asking for

00:46:44.120 bring manufacturing jobs back so people can work long hours and productive jobs that they love and

00:46:50.060 they're happy with they feel they're fulfilled and they know they've got a future for themselves and

00:46:55.000 their families not a big ask is it for a country that's created more wealth than anywhere in the

00:47:00.780 world that's freed more people that have more debt and more foreign battlefields that bailed the

00:47:04.960 freaking europeans out time and time and time again when they get in their messes we got to go 1.00

00:47:10.700 back countries that kicked us all out think about that they kicked every one of your parents out 0.96

00:47:16.460 virtually grandparents great-grandparents you hear them pining for the old country not so much

00:47:23.040 because in the old country they got screwed so they'd rather come here you ever been across the 0.77

00:47:29.160 american west and think about my god what must have been their life to do this think about it 0.53

00:47:37.700 and they're going to sit there and their great-grandchildren will be taken advantage of by the 0.98

00:47:43.180 same elites running europe and they want to be bailed again and today they're whining screw you

00:47:47.140 don't want to hear you whining we're not bailing you out anymore militarily and we're not going to

00:47:52.940 bail you out economically oh by the way let me add as a side note zelinski's making a big deal and

00:47:57.480 and harnwell's going to talk to you in the next hour if brad gets him in about the trump advisors

00:48:03.140 now realize they're being sucked into our morass because they're dealing with the ukraine screw 1.00

00:48:07.480 the ukrainian leadership i don't care what they have to say or what they want either sign the

00:48:11.940 economic deal or don't we don't want it signed we'd love to walk away but sign it today as is or walk

00:48:17.080 away just like in europe don't sit there and tell me you're great we're great allies you're not great

00:48:23.380 allies we've bailed you out every time of messes that you got in because you're elite leadership

00:48:29.820 because of what you got into and now we got to face the chinese communist party which you're going

00:48:36.320 to rub up the other day people saying well on the university professors these guys getting laid

00:48:40.800 in the box so we'll just get we'll just get research money for the from the chinese communist 0.93

00:48:44.620 party try i dare you i'm hearing this from these research they're going to cuss off the ivy league

00:48:49.400 schools of the state land grand ivies bannon's big talk we'll get it from the chinese yeah you 0.97

00:48:53.380 will we'll throw you in freaking prison you're going to trade with the enemy big talk shows you 0.73

00:48:59.380 how much they love this country right let's just do it all and let's have a great unmasking let's see 0.98

00:49:05.200 who's with us and who's against us that's what this is about anybody supporting trump's on our side

00:49:11.620 of the football including you had all the union folks there yesterday that back trump

00:49:16.200 uaw uaw and others let's have a great unmasking right now just like in the pandemic was kind of

00:49:25.140 a preamble the great reset and build back better hey we're building back better here we got a plan

00:49:30.920 we're building back better don't like it leave here's how much empathy i have with you none

00:49:37.100 the credential class and here the msnbc whining and oh the consumer prices are going to go up and

00:49:45.600 stocks are fun when the hell did you ever care about capitalism of stocks the billionaires that 0.78

00:49:50.440 own you do but you're just puppets and your phony cosplay populism aoc and bernie sanders bernie 1.00

00:49:59.980 sanders hapless old man new order of bernie bros you guys going to the big things you're losers 0.99

00:50:06.040 you're backing a loser who didn't take on the clintons the two times he had him and ain't gonna 0.98

00:50:11.840 take him on again and trust me he's thinking about running he sees those crowds he's all juiced up 0.52

00:50:16.980 he's sitting there going i'm 83 i'll be 86 when i run how can i do that but he loves it he loves it

00:50:22.560 it's because it's all about him it's all about him it's all about him that's when nothing happened

00:50:29.840 listen to the speech there's no populism in there some hapless old man wandering around

00:50:34.340 aoc she doesn't know what she's doing that's all cosplay what trump gave you is the real deal

00:50:42.860 guess what we're going to bring manufacturing jobs back here and trump says it's very simple

00:50:48.160 make it here you don't have to pay him stop whining you got a thing making the united states

00:50:52.520 america what's so bad about that pretty good country pretty good workers pretty good folks

00:50:55.680 pretty good system you got leasman and the other guy on there well hold it if it all comes here 1.00

00:51:02.480 how are you going how do you not have your tariff money it's called taxes you moron you moron 0.99

00:51:07.860 this is why i don't take cnbc seriously i take certain people there seriously like rick santelli 0.99

00:51:14.420 i can't take it seriously it's the msnbc of finance and business

00:51:21.580 president trump stepped out onto the world stage yesterday just like lincoln said when you're

00:51:29.520 thrust out onto the world stage you know what he said he threw down hard he said the day of ripping

00:51:36.280 off the united states of america the day of you taking advantage

00:51:41.720 in destroying american workers is over why do you think the union guys were standing up and applauding

00:51:49.140 and don't you find that ironic that msnbc and the new york times all these progressives and they're

00:51:54.720 so worried about the people they're sitting there's running dogs for the wall street crowd barking 0.67

00:52:00.880 snipping at president trump's heels and the workers in the rose garden were they ever invited the rose

00:52:07.920 garden in biden's regime or obama's i don't remember seeing a lot of hard hats around there coming up to

00:52:12.300 the microphone throwing down i missed that the right stuff takes us out

00:52:18.700 bratt harnwell thayer that's a cast of characters the great dave bratt short commercial break

00:52:29.500 i didn't even play my gold i'm gonna hold that i got the i pulled the gold thing for this morning

00:52:35.140 never played this play tonight this afternoon in the afternoon show short commercial break i think a

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Bannon's War Room - April 03, 2025

Episode 4385： Outcry From Liberation Day; The Great Deal

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