Bannon's War Room - Episode 4393： Chaos In The Markets

00:00:00.000 Markets in Asia plummeting overnight. The Hang Seng down more than 13 percent. Japan dropping about 8 percent to an 18 month low earlier in the session. Japanese futures were suspended after they hit circuit breakers in Europe. Stock trading stock trading. They're also down across the board. You can see they've come off their worst levels. The DAX right now down by about 5 percent. The CAC in France off by five and a half percent. The FTSE in Italy, the FTSE MIB down by five point eight percent. The best performer is the FTSE 100.

00:00:29.980 London, which is down by four point three percent. Germany's DAX, again, was down more than 10 percent before it paired some of those losses. So we'll continue to watch things there. And then energy prices adding to last week's steep losses as well. You're now looking at WTI below 60 dollars a barrel. So 59.81 for the year. It's down 31 percent. I guess the upside to that is you're going to get cheaper prices at the pump. But all of this signaling the market's idea that we're looking at much greater odds of a recession, not just here, but globally.

00:00:59.980 This was on the front page of Sunday opinion, New York Times. And this pretty much sums it up. The world wakes up to a new global reality. The economy is deflating. Now, let's be very let's be very clear here. Regardless of how you feel about tariffs, this is a self induced war that we started.

00:01:22.100 All right. All right. All right. This is voluntary. I spent three months after the election.

00:01:30.600 Warning Republicans, they needed to be careful. Three months. I've got we've got about 10 minutes of clips. We could play you if you we've already done it before.

00:01:41.100 I could play it again. Ten minutes of clips saying be very careful. We have the strongest economy in the world, but we have bubbles in the market, stock market.

00:01:51.200 We have bubbles in crypto. We have a fiscal bubble. Be very careful. Manage it wisely. And we will continue to see working Americans taken care of.

00:02:02.180 That's not happening right now. So it's going to be fascinating to see what happens this week.

00:02:06.720 What's going to happen this week with Republicans? Are they really Republicans? By the way, Republicans in Congress have the power.

00:02:13.520 Have the power. Have the power to not stop it, to moderate it, to pick certain countries that they think it's gone too far.

00:02:27.180 You know, there are some Republicans speaking out. Chuck Grassley has spoken out about it.

00:02:32.720 Ben Shapiro says it's unconstitutional. Bill Ackman.

00:02:37.240 Oh, he saw the lie. I've spoken to many countries. They all want to do it. Just so you understand the power of what I'm doing.

00:02:46.060 Every country is calling it being very solicitous of us. Very, very nice. They're being very nice.

00:02:53.340 And we have to be able to justify. This is not sustainable. The United States can't lose $1.9 trillion on trade.

00:03:04.860 We can't do that and also spend a lot of money on NATO in order to protect European nations.

00:03:11.720 We cover them with military. Then we lose money on trade.

00:03:16.060 The whole thing is crazy. And I got elected on that basis. We explained it.

00:03:21.180 You know, the American people understand it a lot better than the media.

00:03:24.600 But the media understands it. And much of the media writes correctly about it, I must say.

00:03:30.020 I just want you to know, though, when they're telling you this has to be done, that's not true.

00:03:34.580 And when they're telling you these Republicans on the Hill, we can't do anything about it.

00:03:38.600 Well, that's just a lie. It's doublespeak.

00:03:41.880 With that in mind, President Trump's tariffs have stock futures plummeting again this morning.

00:03:47.200 The Dow is down more than 1,100 points, while the S&P 500 and the Nasdaq have both dropped by 3 percent.

00:03:55.660 This follows a market freefall to end the trading week, capped off by the Dow, losing 2,200 points on Friday.

00:04:04.340 It was the first time that the index had ever lost more than 1,500 points in back-to-back days.

00:04:10.560 The massive losses were also fueled by China, announcing on Friday it would impose a 34 percent tariff on all goods imported from the United States beginning this Thursday.

00:04:23.840 Meanwhile, President Trump continues to downplay the tanking markets, writing on social media last night that his tariffs are a beautiful thing to behold.

00:04:35.400 Is there pain in the market at some point?

00:04:38.320 You're unwilling to tolerate this idea of a Trump put?

00:04:40.880 Is there a threshold? 1.00

00:04:42.380 I think your question is so stupid. 1.00

00:04:44.480 I mean, I think it's a—I don't want anything to go down. 1.00

00:04:47.700 But sometimes you have to take medicine to fix something. 0.99

00:04:51.340 And we have such a—a horrible—we have been treated so badly by other countries because we had stupid leadership that allowed this to happen. 0.99

00:05:02.720 They took our businesses. 1.00

00:05:04.260 They took our money.

00:05:05.260 They took our jobs.

00:05:06.680 They moved it to Mexico.

00:05:08.120 They moved it to Canada.

00:05:09.380 They moved a lot of it to China.

00:05:11.440 And it's not sustainable.

00:05:12.960 We're not going to do it.

00:05:13.700 Now we have hundreds of millions of dollars that's pouring into our country on a monthly basis.

00:05:20.260 It's pouring—it's already started because they put tariffs on.

00:05:23.900 And eventually it's going to straighten out and our country will be solid and strong again.

00:05:28.240 Look, look, Joe, let's just call this what it is.

00:05:30.560 And you got at it.

00:05:31.820 One is this is an economic war of choice.

00:05:34.460 This is not something that had to happen.

00:05:36.200 This is, you know, what football players would call an own goal.

00:05:39.400 Second of all, in the president—I have the quote here.

00:05:41.740 He says that sometimes you have to take medicine to fix something.

00:05:44.840 The problem was the patient wasn't sick.

00:05:47.880 This is economic malpractice.

00:05:51.040 Let's call it for what it is.

00:05:53.640 It's created problems rather than fix them.

00:05:57.800 And so when Scott Besson goes out and he talks to his friends, of course he can't find anybody who's going to support what is going on.

00:06:06.080 And then, you know, the mixed signals make a bad situation worse.

00:06:10.200 So let's just call it for what it is.

00:06:13.540 It's totally self-created.

00:06:15.400 And the real question is, excuse me, you know, one, how do we get ourselves out of it?

00:06:19.800 But we shouldn't kid ourselves on another thing.

00:06:21.880 Even if there is a degree of economic recovery, someday there will be in the markets, a lot of the damage here will be lasting.

00:06:29.500 The United States will not again ever have the same reputation.

00:06:33.080 The dollar won't have the same strength.

00:06:34.880 The rest of the world's willingness to tolerate American debt will be much diminished.

00:06:40.180 This will have lasting consequences, even if at some point what's become our 301s, you know, becomes a 351.

00:06:47.320 Even if it doesn't recover fully to a 401k, even if there's a degree of financial recovery, the reputational cost of this will be deep and lasting.

00:06:56.620 I think the thing we're all trying to understand is then if there are going to be negotiations and you're saying zero is not enough, what is enough?

00:07:04.780 Zero is a small first start.

00:07:06.640 OK, what is enough?

00:07:07.740 What is enough?

00:07:08.940 And let me ask you, but related to that.

00:07:10.940 Let me answer that question.

00:07:12.240 Let me answer.

00:07:12.820 Let's take them one at a time.

00:07:13.600 We got plenty of time.

00:07:14.640 So what is enough?

00:07:15.740 OK, you take any given country.

00:07:17.440 They're like fingerprints.

00:07:18.380 They all cheat us in a different way.

00:07:20.480 So here are the things they cheat us on.

00:07:22.660 Some of them engage in currency manipulation.

00:07:25.160 Some of them have a hefty VAT tax.

00:07:28.000 All of them dump into our markets.

00:07:30.000 All of them engage in heavy export subsidies and government subsidies.

00:07:34.380 All of them put up these phony technical and phytosanitary barriers to our ag products and our autos and everything in between.

00:07:42.780 Many of them steal our intellectual property.

00:07:46.560 A lot of them runs sweatshop labor, including forced child labor.

00:07:51.060 They have pollution havens.

00:07:52.500 So when you say to me, what do we want from them?

00:07:55.760 We want fairness.

00:07:56.760 We don't want them to kill American workers by inundated with this non-tariff cheating.

00:08:04.860 And it would be really refreshing to have the media talk more about that.

00:08:10.180 This zero tariff thing.

00:08:11.860 It's a it's it's a misdirection.

00:08:14.580 No, it's a misdirection.

00:08:15.860 The market has spoken when they look at the fact that we have a billion dollar trade deficit.

00:08:22.840 When you look at the trade deficit that we have with certain countries, way over a billion per country.

00:08:30.740 But with China, it's a trillion dollars.

00:08:33.200 And we have to solve our trade deficit.

00:08:35.660 We have a trillion dollar trade deficit with China.

00:08:39.460 Hundreds of billions of dollars a year we live with China.

00:08:42.280 And unless we solve that problem, I'm not going to make a deal.

00:08:46.240 Now, I'm willing to deal with China, but they have to solve their surplus. 0.97

00:08:49.900 We have a tremendous deficit problem with China.

00:08:53.980 They have a surplus of at least a trillion dollars a year.

00:08:57.980 I think it's like a trillion one.

00:09:00.640 And I want that solved.

00:09:02.720 And no other president's taking it on.

00:09:05.400 I had to take it on the last time that we had a rigged election.

00:09:09.240 No other president's taking it on.

00:09:11.420 And so China is, you know, they say the market's spoken.

00:09:15.680 The market, China is right now taking a big hit because everyone knows we're right.

00:09:21.220 They have to pay tariffs because otherwise we have a surplus and they have a surplus with us that is not sustainable.

00:09:30.160 Mr. President.

00:09:31.200 And we're talking about a trillion dollars.

00:09:32.880 You know that, right?

00:09:34.160 We're not going to lose a trillion dollars for the privilege of buying pencils from China.

00:09:38.560 This is the primal scream of a dying regime.

00:09:46.280 Pray for our enemies.

00:09:48.260 Because we're going medieval on these people.

00:09:51.460 Here's the reason I got a free shot at all these networks lying about the people.

00:09:55.740 The people have had a belly full of it.

00:09:57.640 I know you don't like hearing that.

00:09:59.080 I know you try to do everything in the world to stop that, but you're not going to stop it.

00:10:01.780 It's going to happen.

00:10:02.820 And where do people like that go to share the big lie?

00:10:06.360 Mega Media.

00:10:07.780 I wish in my soul, I wish that any of these people had a conscience.

00:10:13.220 Ask yourself, what is my task and what is my purpose?

00:10:16.980 If that answer is to save my country, this country will be saved.

00:10:23.280 War Room.

00:10:24.200 Here's your host, Stephen K. Band.

00:10:26.580 Monday, 7 April, Year of Our Lord, 2025.

00:10:35.980 So to give this to you in real time, I'm going to make sure that we can frame this so the War Room Posse can have a full and deep understanding of exactly what's happening.

00:10:47.300 So last night, over the weekend, President Trump, intransigent about any movement at all, even any, no negotiations.

00:10:58.380 It dug in in a hard no negotiations.

00:11:01.980 Because remember, the trigger on the tariffs is on Wednesday.

00:11:06.840 That's when actually the reciprocity starts.

00:11:09.020 And so over the weekend, a lot of effort and discussion about setting up a process because you have, as people are tweeting out right now, you have 50, I don't know, maybe almost 100 countries.

00:11:21.680 And when I say the 50, I mean all the big ones except the CCP are lined up, perfect, thank you, are lined up to come in and negotiate.

00:11:39.840 And President Trump said all weekend, no negotiations, we're not doing this.

00:11:43.400 The issue for President Trump is quite simple.

00:11:46.620 You are in control of this process right now.

00:11:48.760 You're taking incoming calls and proposals and ideas, but you're in charge of this proposal or you're in charge of this process.

00:11:57.120 What you want to avoid is, remember, on this show I've been talking about for the last couple of years, we have $300 trillion in global debt at every level.

00:12:05.260 And you have to avoid having a global margin call.

00:12:09.760 Margin call is when the assets you own, whether real estate or stocks, start to drop in value.

00:12:16.620 And the bank comes back to you and say, hey, we need a little something else on top of what you gave us.

00:12:22.780 You've got to plug it or we're going to call your loan.

00:12:24.820 That's called a margin call.

00:12:27.340 Margin call in this situation would be at the hedge fund level.

00:12:30.280 For the hedge funds to start having, you know, particularly some of these smaller, mid-sized hedge funds.

00:12:34.840 When I say small, I mean hedge funds that are $10 and $20 billion in today's market.

00:12:39.980 That are highly leveraged.

00:12:41.300 You're making highly leveraged bets.

00:12:42.840 Remember that from 2008?

00:12:44.400 Well, you still got today.

00:12:47.100 Those start having margin calls.

00:12:50.360 Some of these banks start having what we call a credit event.

00:12:53.080 You've already seen in Europe some of these overleveraged companies are already starting to have problems.

00:12:57.720 Once you start having credit events, then maybe the process gets out of your hand.

00:13:02.940 President Trump also, they're coming at President Trump from the courts.

00:13:05.700 Jonathan Karl is reporting this morning over at, I guess, with George Stephanopoulos that he has been informed that conservative groups, certain conservative groups are looking to go to court to try to get a TRO against President Trump.

00:13:20.520 Some are arguing that President Trump's emergency, calling this in for emergency for fentanyl on national security, that now he's talking about deals and he's talking about money, he's talking about jobs, goes outside of that.

00:13:32.680 He's being hit.

00:13:35.460 Federal Reserve has now emergency meeting at 1130 a.m. this morning.

00:13:40.180 President Trump, they're coming at him from many different angles.

00:13:44.120 The Nasdaq is now up 1%.

00:13:47.040 The Dow is down about 930.

00:13:49.620 But last night, when trading on futures started, the Dow was down 1,500 points.

00:13:54.200 It looked like it was going to be a total and complete meltdown.

00:13:56.520 The Asian markets were a meltdown, particularly the Hang Seng, which is Hong Kong.

00:14:01.260 China is in a total and complete meltdown right now. 0.91

00:14:04.920 The people that financed all the factories and all the jobs going overseas, they're in a big hurt right now.

00:14:13.140 The people that did this to us are in a big hurt.

00:14:16.340 And President Trump has taken a tough stance.

00:14:19.640 However, and I think that's the reason the Nasdaq has flipped around, the Japanese have announced that they're coming and they're coming with a proposal that would take care of all of President Trump's concerns, including what Peter Navarro is talking about, a non-trade bearers, which is the key.

00:14:35.980 And President Trump just tweeted out a moment ago, put up on Truth, that a negotiating, it's the first time he used the word negotiating in a Truth Social.

00:14:44.720 We're going to take a short commercial break.

00:14:47.420 There's a lot going on in the world today, and we're going to help explain it all to you here in the war room.

00:14:52.600 Just back in a moment.

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00:16:12.740 Our host, Stephen K. Bannon.

00:16:14.640 Okay, so starting last night about 6 p.m., this was on Sunday when President Trump got ready to head back to Washington, D.C., and he had the Secretary of Treasury.

00:16:26.980 That is my—I want to give a hat tip to the brilliant team I have here at the War Room, my young charges.

00:16:32.880 Also, the team in Denver, the great team at Real America's Voice, putting together.

00:16:36.100 That was a magnificent cold open.

00:16:37.660 That gave you, in about nine or ten minutes, exactly the most important things that happened on the weekend in capital markets.

00:16:46.200 The established order, and this was led by Jim Cramer, all weekend, but particularly last night, we're talking—they wanted to see Black Monday.

00:16:58.420 Jim Cramer came out and said once again, and this is—if we can tee up and get ready, his 2008.

00:17:02.780 Remember in 2008, and this is why we played it a couple times on Friday and Saturday, Cramer went on the Today Show in 2008 on that Monday and said,

00:17:12.580 if you have to—if you have to—if you need cash in the next five years, you need to sell everything today.

00:17:20.220 If you need cash in the next five years, you need to sell everything today.

00:17:23.320 That exacerbated a panic that was already out there.

00:17:28.840 This is about orderly versus disorderly.

00:17:30.940 This is about orderly versus disorderly.

00:17:32.740 So far, you've seen an orderly kind of a work through of what this new economic order is going to be because the United States is not going to be picked off anymore.

00:17:43.100 You just heard Haas from the Council on Foreign Relations, Richard Haas, saying the patient's not sick.

00:17:48.840 Well, bro, for the Council on Foreign Relations and all the elites in New York City and the Upper East Side and the Hamptons,

00:17:55.560 it's not bad because on borrowed money, you've got your own hedge fund, right?

00:18:01.320 You've got the United States government putting a Keynesian massive influx of stimulus all the time.

00:18:07.620 You own all the real assets.

00:18:09.260 You own the real estate.

00:18:10.120 You guys own all the stocks.

00:18:12.160 Of course, it's a good time.

00:18:14.140 It's the best time to be part of the global elites.

00:18:16.340 That's what President Trump is changing fundamentally.

00:18:18.240 Last night at 6 o'clock, what happens then?

00:18:21.240 Basically, the Tokyo opens and then it starts rolling through the Asian markets.

00:18:24.660 Next, you get Shanghai, you get Hong Kong, and then you get Singapore.

00:18:28.720 At the same time, they start trading futures.

00:18:30.840 So you can get a sense of where the Dow Jones is going to be.

00:18:33.120 It was $1,500 at the open last night on the futures market.

00:18:36.720 So it looked like another brutal day right at the start.

00:18:41.200 And all night, it kind of hung in there.

00:18:42.520 And President Trump on the plane back, and that's the brilliant cuts my staff did.

00:18:46.300 And for President Trump, hey, it sounds like a personal problem.

00:18:51.180 I'm dug in here.

00:18:52.960 And of course, you had country after country and company after company saying,

00:18:57.780 hey, we want to come in and talk.

00:18:59.380 Maybe we don't understand the formula.

00:19:01.220 But we understand this.

00:19:02.380 There's a problem.

00:19:03.600 And guess what?

00:19:04.560 You're not going to tolerate it anymore.

00:19:06.520 And this kind of hammer blow to the system, this traumatic blow to the system,

00:19:10.280 which is what President Trump's been doing in national security.

00:19:13.580 This is what the Russian rapprochement is about.

00:19:15.740 This is what the whole situation with NATO is about.

00:19:19.160 This is about setting up an order of which we're hemispheric defense, right?

00:19:23.820 By the way, Raheem's going to be here at the bottom of the hour.

00:19:26.680 He's heading out with Pete Heggs today.

00:19:28.420 And guess where they're going?

00:19:29.380 They're going to Panama because President Trump is quite serious.

00:19:32.820 Sent J.D. Vance to Greenland last week.

00:19:35.640 He sent his secretary of defense coming back from the three island chains.

00:19:39.760 Remember Hawaii, Guam, and Philippines, and in Japan?

00:19:45.020 The three island chains, he's now down.

00:19:47.220 And guess where he's going?

00:19:48.180 He's going to Panama.

00:19:49.300 All because of hemispheric defense.

00:19:51.280 All because of this massive pivot.

00:19:53.620 By the United States, geopolitically and geostrategically,

00:19:57.020 this is also the geoeconomic side.

00:19:59.580 Remember my talk at CPAC in 2017.

00:20:03.220 The three lines of work, number one, are America first national security policy.

00:20:09.000 Number two is economic nationalism.

00:20:11.800 And number three, wait for it, is deconstruction of the administrative state.

00:20:16.020 President Trump is so far down the route of all three of them.

00:20:20.280 The most significant changes in the world, I think, since World War II, 0.65

00:20:26.200 I may even go back to pre the guns of August in 1914.

00:20:30.760 This is a major, major, major reset.

00:20:34.460 It really ends World War II, is what he's doing.

00:20:37.660 And he's not going to budge on this.

00:20:39.100 Now, the big change and the reason that the Dow is now only down,

00:20:44.280 what's the Dow down?

00:20:45.200 Dow's only down like 900.

00:20:47.360 The NASDAQ is up.

00:20:49.280 The S&P is up.

00:20:50.760 Oh, excuse me, the Dow is up 250 points last check.

00:20:53.420 Now, it's going to bounce around.

00:20:54.560 We're not gauging everything just by how it moves, right?

00:20:58.980 Things are going to bounce around.

00:20:59.780 But the point is, at least at the start, it's not the meltdown that Jim Cramer

00:21:05.480 and all the left wanted.

00:21:06.480 They wanted panic today.

00:21:07.740 They wanted absolute selling with no buyers.

00:21:10.040 They want to trigger a margin call that would then trigger a credit event

00:21:13.960 that would then try to, they would use that to attempt to destroy President Trump.

00:21:17.860 That would be disorderly.

00:21:19.520 Right now, this is quite orderly of just a kind of a work through of people's positions.

00:21:23.640 And guess what?

00:21:24.200 For everything people that said President Trump was compromised and that Elon Musk and the tech bros,

00:21:30.120 all the people in coming, all the reports that it's Bannon and these economic nationalists

00:21:34.240 versus the tech bros, and they're going to be, the hammer blow is to the Mag-7.

00:21:39.300 The two people that he's given the biggest hammer blow to are kind of this phony tech broligarchs, right?

00:21:46.660 And the Chinese Communist Party.

00:21:48.800 The Chinese Communist Party may be having a death blow right now.

00:21:52.500 May be having a death blow right now.

00:21:54.860 Their economy was just on the bubble as it is, and it's totally export.

00:22:00.160 There's all kind of happy talk.

00:22:01.280 Oh, they're going to change their consumer economy.

00:22:02.800 They don't have time to change their consumer economy.

00:22:05.320 They've tried that for seven or eight years.

00:22:07.840 This is everything.

00:22:08.760 And President Trump came in with a hammer blow to them.

00:22:11.820 They don't even know how to respond right now.

00:22:14.180 Their response, by the way, may be military intervention into Taiwan.

00:22:19.500 That is why those exercises last week are not a joke.

00:22:21.900 This is why the Korean situation of the coup d'etat in Korea,

00:22:25.340 that now the conservative president is out, this is all playing into it.

00:22:28.940 And you have to stand by because right now Xi may have to pivot to something like ultranationalism

00:22:35.120 to jack up the young people in college that, hey, the foreign devils are trying to destroy us economically. 0.99

00:22:41.800 The two people taking the biggest hammer blows are the tech oligarchs, the tech oligarchs and their stocks.

00:22:48.440 Trump's come right after them.

00:22:49.380 And this is why.

00:22:50.080 There's some great tweets out overnight.

00:22:52.900 The difference is that these guys are globalists.

00:22:55.740 I mean, Elon Musk showed it over the weekend.

00:22:57.640 It was so embarrassing.

00:22:58.680 I didn't want to play it.

00:23:00.140 Peter Navarro, though, just called him out, said he's nothing but a car salesman.

00:23:02.820 But he put up, he put up, he talked to Salvini and the guys at the Northern League on a video talk.

00:23:09.820 He gave it their big conference and they had a Q&A.

00:23:12.460 It was embarrassing.

00:23:14.520 You know, I've been saying, hey, he's a globalist.

00:23:16.320 And, you know, I know, I know the fanboys don't want to hear that.

00:23:19.380 But what he said last night, in the middle of the war that President Trump has, in the defining moment when you have to lock in and lock down, he comes out and says he wants basically a no-tariff zone between the EU and the United States.

00:23:34.740 He essentially wants the America to merge in or to, after Britain Brexited, he wants us to merge with the EU.

00:23:42.100 But the worst comment was about, and this is the mentality, was about having European citizens come to the United States unfettered.

00:23:49.520 It'd be like Senjen.

00:23:50.520 It'd be like illegal alien gets through to Hungary, then you can go all the way, gets through to Italy or Greece, and you can go all the way to Ireland.

00:23:57.600 He actually proposed that.

00:23:58.720 And then this morning, he's tweeting out Milton Friedman's video on the pencil.

00:24:07.140 Stop humiliating yourself, okay? 0.92

00:24:09.540 This is childish nonsense. 0.52

00:24:12.280 President Trump is in a war, and it's a man's war. 0.76

00:24:16.180 And I don't mean that about gender.

00:24:18.240 I mean this is for people who are tough, who need to step into this moment.

00:24:21.440 President Trump is saying, hey, the economic order that basically stripped America of our manufacturing base, the economic order that the entire world was dependent upon, working men and women in the middle class in this country, in the United States of America, and that every person gamed the system.

00:24:38.840 It's all getting unmasked.

00:24:40.720 Now, why is this turned around in real time in about 20 minutes?

00:24:45.140 And I'm not saying this will last.

00:24:46.880 I think you're going to have market movements over the next couple of days.

00:24:49.080 But why did we not start at Black Monday, right?

00:24:52.580 Last night at 6 o'clock, it looked like this was going to be catastrophic.

00:24:55.800 The New York Post's lead story was Black Monday.

00:24:58.300 Jim Cramer, Black Monday's coming.

00:25:00.380 You've got to dump everything.

00:25:02.620 Because President Trump put out this tweet, if we can put it up for a moment, the Japanese.

00:25:06.940 So you should understand, every nation on earth has been trying to get here to see President Trump to talk about this.

00:25:13.160 But he said no negotiations.

00:25:15.140 Now, you have to say, well, can't people come and at least make their pitch?

00:25:19.680 You know, some people may have a question about the formula, right?

00:25:23.140 The formula, how you derive this.

00:25:25.280 Peter Navarro was quite blunt on TV over the weekend this morning.

00:25:28.880 Peter Navarro said, hey, this is just not about tariffs.

00:25:31.920 The actual number, it's about non-trade barriers.

00:25:35.020 Currency manipulation, counterfeiting, the non-tariff barriers you put into Black American goods.

00:25:40.600 And this is why, if you look throughout the world, you don't see a ton of American goods sold overseas.

00:25:45.560 You go to Japan, agree, you never see an American car.

00:25:48.400 You don't see a lot of industrial product.

00:25:50.520 We're to look now as a capital market and a provider of natural resources and a consumer market.

00:25:58.040 President Trump is one million percent correct.

00:26:01.020 You cannot continue on that.

00:26:02.280 It's not sustainable.

00:26:03.040 The only way it's been sustainable to date, when people say, well, Steve, the economy is so good, is because you're running two trillion dollar deficits every year.

00:26:12.420 This is so obvious.

00:26:14.140 It's so simple.

00:26:15.460 And it's not sustainable.

00:26:18.000 The trade deficit President Trump is talking about, the trillion dollars, that's annual.

00:26:21.640 The cumulative, just like we have 37 trillion dollars of debt and we're adding a trillion dollars every 100 days.

00:26:27.020 And the frickin' budget the Senate and the House puts out has four and five trillion dollar increases to the debt ceiling.

00:26:32.900 So they're not real about actually doing what men and women have to do, is start to cut this federal budget. 0.75

00:26:41.040 It's unsustainable.

00:26:42.360 And it's just creating fiat currency by the Federal Reserve to do the fiscal irresponsible thing.

00:26:48.480 And part of that is a defense budget that's now over a trillion dollars to underwrite the security of all these nations on the earth.

00:26:57.440 It can't continue.

00:26:58.720 And President Trump's not saying it can't continue.

00:27:00.900 And this is what it is.

00:27:01.740 The only question for President Trump is not that we are right in fighting the fight of the righteous.

00:27:07.460 It's how do you manage the process?

00:27:09.540 How do you manage the process?

00:27:10.420 You don't want the process to get out of your hands.

00:27:12.760 Today, Jonathan Karl reported it.

00:27:14.780 They're going to go into court to these judges to look for a TRO.

00:27:18.480 You heard Ben Shapiro and these guys say it.

00:27:20.480 Up on the Hill, it's not Ted Cruz.

00:27:23.020 Ted Cruz is virtually irrelevant.

00:27:25.260 Who's relevant to Steve Daines?

00:27:27.460 Steve Daines, who's had a career in Hong Kong and in China, is leading out.

00:27:32.820 There's seven senators against Trump right now on the record, including Tom Tillis, folks in North Carolina.

00:27:38.260 Steve Daines may lead out another five to ten senators.

00:27:41.460 The United States Senate, led by the Republicans, may try to intervene here and take the power away from President Trump.

00:27:49.960 Everything's on the table right now.

00:27:52.100 The key is that the Japanese are en route. 0.97

00:27:54.520 And what did President Trump say?

00:27:55.740 He used negotiation.

00:27:57.620 He said they're coming over to negotiate.

00:28:00.360 It's the first time that word has crossed the lips of Donald John Trump.

00:28:07.620 That is the pivot in the market this morning.

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00:29:44.220 Okay, Mark is bouncing around.

00:29:48.780 It's being attributed to a Kevin Hassett quote that they can't quite verify.

00:29:54.480 I think CNBC put it up that Kevin Hassett said there'd be a 90-day pause to let everybody in here and negotiate.

00:30:00.820 Now they're saying, the White House is saying that's not true.

00:30:03.240 They can't find the verification of that.

00:30:04.780 And so the Mark has bounced around.

00:30:05.740 Here's the point.

00:30:07.260 At the very mention there's a process, you're going to get back two-thirds of the value lost.

00:30:13.700 Just saying.

00:30:15.020 At the very mention of a process, this is all about people are looking at a process.

00:30:20.740 What's going to try to mess up that process?

00:30:22.460 Federal Reserve's meeting a secret, not a secret, a closed-door meeting of the governors at 1130.

00:30:27.720 Jonathan Karl of ABC is reporting pretty well, how do I say this, sourced, that I believe it's conservative groups are coming at to go into legal, think, federal society,

00:30:42.860 are thinking of going to court today with certain of these tax and trade organizations or lobbyist groups

00:30:49.940 and are looking to go into court today to get a TRO on President Trump to stop this for a TRO.

00:30:55.100 Also, people are thinking of going to court today to question the constitutionality of it.

00:30:58.900 Also, Steve Daines and others.

00:31:02.080 Now, Daines hasn't publicly committed.

00:31:03.780 There have been seven already publicly committed, including Tom Tillis, has publicly committed to getting President Trump to back off this.

00:31:13.020 My understanding is Steve Daines is leading an effort with another five or ten senators behind the scenes.

00:31:19.400 They're saying they're prepared to publicly come out and basically go against President Trump and slow this down.

00:31:23.780 Once again, people are looking at the courts to try to thwart this and or rhino Republicans. 0.99

00:31:30.720 President Trump is dug in.

00:31:32.760 He did say, and he put this out about negotiate, that the Japanese are sending a team over.

00:31:38.220 And Japan's one of the thorniest. 1.00

00:31:39.800 Korea's going to be quite thorny. 1.00

00:31:41.760 Places like Vietnam, you heard Peter Navarro.

00:31:44.080 Peter Navarro said it's just not the listed rate of the tariff.

00:31:48.400 It's also the non-tariff barriers.

00:31:50.580 And for India and places like this, it could get quite sticky and quite complicated.

00:31:57.120 But there are also ways to get around that.

00:31:59.260 If you still have a trade deficit, because remember, the formula, quote unquote, is really based upon trade deficits.

00:32:06.340 Our face amount of our debt is $37 trillion going to 38.

00:32:13.740 The trade deficit cumulative aggregate is about $25 trillion.

00:32:17.680 18 trillion of that has come from what China was granted most favored nation in WTO sanctioned to become actually a true trading partner.

00:32:29.000 Although in the category of a developing nation, which they've never left, you know, at the World Bank, they go to the developing nation window.

00:32:35.800 Every institution that the globalists set up was to make it easier for China.

00:32:40.620 Why?

00:32:41.080 That's where they made the real money in shipping off. 0.56

00:32:43.700 The people you see getting hammered today are people that are financially tied to that.

00:32:48.960 Let me repeat this.

00:32:49.860 The people getting hammered are the people financially tied to shipping all the jobs to China.

00:32:54.500 President Trump, and for all the happy talking kind of missed, for those that ever questioned President Trump being a populist and an economic nationalist,

00:33:03.600 I hope the last four or five days have shown that President Trump is dug in on your side, the forgotten man and woman.

00:33:11.500 He has put a full shotgun blast onto the Chinese Communist Party, full on, 54 percent tariffs.

00:33:19.100 They can't exist.

00:33:19.960 It's not sustainable.

00:33:20.820 They will collapse.

00:33:22.400 He's also gone after the MAG-7. 0.97

00:33:24.180 That's the seven stocks, the tech stocks that were kind of frothy.

00:33:28.720 And this is why the Dow Jones adjuster, I keep telling people, it doesn't show the real economy because it's all tied to AI.

00:33:34.760 Those are the ones, the MAG-7 and other big tech oligarchs, globalist corporations have taken the biggest hits.

00:33:42.820 And President Trump is adamant.

00:33:44.000 Either you're going to bring your manufacturing back here and really create – with the ecosystem of your supply chains, right, your supply chains,

00:33:54.020 or we're going to – you're going to have high tariffs you have to come in on.

00:34:00.060 So you've got to deal with – either get the money through tariffs or we're going to get the money through increased tax revenue of people, of corporations putting their plant and equipment here in higher, obviously, tax revenue coming off citizens of this country.

00:34:14.320 Now, while all this is going on geoeconomically, and we're going to walk you through the entire day, take a deep breath, President Trump's in control of the process.

00:34:22.820 The only issue we have with President Trump and the path he's going down, now he controls the process.

00:34:29.320 The moment – and that can happen – the moment that he doesn't control the process, and I'm less concerned right now with a court challenge – of course, they're going to try to tie Trump up – or a political challenge coming from the rhinos in the Senate. 0.55

00:34:44.640 The bigger issue to me is something like a margin call and a credit event that all of a sudden things start to spin where you just can't control them.

00:34:51.480 And that's why you've got to be very careful in this.

00:34:53.760 I know President Trump is monitoring it with his team of Scott Besant and the people over at the Treasury and also Peter Navarro.

00:35:01.160 But Peter Navarro is out there, and Peter Navarro talking for President Trump ain't backing down an inch.

00:35:06.620 The other is geopolitically, and this is critical because the trade deficit and the debt are inextricably linked.

00:35:13.820 They're kind of two sides of the same coin, and that is America spread out over hell's half acre and everybody taking advantage of us.

00:35:20.840 Now, the massive pivot that President Trump has had, because you think about it, we're not going to be spending the money on defending Western Europe or the Gulf Emirates or even around the South China Sea eventually.

00:35:32.320 This is all going to go back to hemispheric defense.

00:35:36.460 Not that those areas are not important, and quite frankly, the South China Sea and around Taiwan where they have those chip plants is vitally important to our economy.

00:35:45.300 Whether you like it or not, whether you take the high moral ground that Taiwan's independent, you just say, hey, I don't care, and we're never going to defend them.

00:35:53.800 The geopolitical pivot is monumental, and he's saying we're going to go back to the Monroe Doctrine 2.0.

00:36:00.840 We're basically going, and part of that's manifest destiny, and here it is.

00:36:04.180 The pivot of the world is not the Eurasian landmass.

00:36:07.700 It is not McKinder's.

00:36:09.200 Whoever controls the Eurasian landmass controls the world. 0.95

00:36:11.780 He's saying the pivot for the United States of America is the vast Pacific, okay?

00:36:18.440 Starting at those three island chains, that vast Pacific that is a natural barrier to the Eurasian landmass and protects the United States.

00:36:26.640 If you look on its east coast, what you have to do is go from Greenland all the way to the Panama Canal.

00:36:32.960 You go from Greenland to the Panama Canal.

00:36:34.960 Now, you take the Panama Canal, you work out something with Greenland, you establish naval bases there, particularly submarine bases.

00:36:42.520 You've blocked the Russian Navy from the Arctic.

00:36:45.280 You actually have a play then to make sure that China, the CCP, and the Russians can't come at you through the Arctic. 0.84

00:36:51.500 In addition, you clean out the CCP in the Caribbean, which has been absolutely horrific, and setting ourselves up for another Cuban missile crisis around Cuba or Bahamas, one of these other locations where the CCP's all over.

00:37:04.860 You control the Panama Canal, and the CCP's navy goes back past the three island chains, and Bob's your uncle.

00:37:12.040 Today, Pete Hegseth, and remember, Pete started his tour by doing what?

00:37:18.380 Flying over the vast Pacific, which is the heartland of the United States strategically, to Hawaii, the third island chain, then to Guam, the second island chain, and then to the Philippines and Japan, the first island chain.

00:37:31.280 Today, the Secretary of Defense will leave early this afternoon and go where?

00:37:36.300 He will go to Panama, after J.D. Vance, the Vice President of the United States, with Waltz, the National Security Advisor, last week went to where?

00:37:45.480 Greenland.

00:37:46.740 Today, going with him is our own Raheem Kassam.

00:37:49.920 Raheem, put it in perspective.

00:37:51.180 How important is this the Secretary of Defense is actually going down to begin the process of our reclaiming the Panama Canal from the Chinese Communist Party, sir?

00:38:01.700 Yeah, thanks, Steve.

00:38:02.760 Thanks for having me.

00:38:03.400 I'll be shortly leaving here for Andrews Air Force Base.

00:38:06.320 We'll be traveling with the Secretary of Defense over there to Panama.

00:38:10.560 He has a packed-out schedule over the next three days, and I'll be bringing coverage live on all social media platforms and on the National Post for it.

00:38:18.700 And it really revolves around exactly what you're talking about, right?

00:38:21.120 It's been a long time since we've seen an assertion of American strength, manifest destiny, the idea that you can actually, like J.D. Vance said early on in the administration, do things, unlike the Obama administration, unlike the Biden administration.

00:38:38.360 And it's critical because it fits not just – in fact, it doesn't even fit this current administration and its next three, four years.

00:38:47.600 What it is, it's about the future of American security.

00:38:50.620 It's about the future of shipping.

00:38:52.560 It's about the future of, you know, U.S. military and power projection.

00:38:56.460 And this is not the first step, as you said, and it certainly won't be the last, because what I intend to bring up with the Secretary today and tomorrow along the trip is other American critical pivot points around the world

00:39:13.460 that have not just been left, you know, degraded over time and abandoned almost by the previous administrations, but also that are now currently in the process of being traded away by America's so-called allies.

00:39:30.360 One of those, as a lot of your audience knows, because I know Nigel Farage has been on this show to talk about it in the past, are the Chagos Islands.

00:39:38.100 And Diego Garcia being a critical base over there in the Indian Ocean, and the British Labour government is in the – well, they think the endgame of giving these islands away effectively to the Chinese Communist Party.

00:39:53.260 So there's a lot at stake over the course of this trip, and there's a lot that I intend to get out of the Secretary of Defense along the next few days.

00:40:03.280 A couple of things.

00:40:04.300 Number one, and we're going to hold you through the break here, Rahim, because we've got a lot of questions about this.

00:40:07.920 As we monitor the geoeconomics of this.

00:40:10.900 In Panama, I mean, the thoughts are – right now the CCP has held up.

00:40:17.000 Larry Fink was at Blackstone or BlackRock actually purchasing from – was it Li Kao-Sheng and Hutchinson and Wampoa –

00:40:26.920 the entire stevedore operation or actually the management of the ports, not the management of the locks.

00:40:32.460 The management of the locks are with the Panamanian government,

00:40:34.860 and that's what I believe the United States will slide into.

00:40:38.740 But the docks themselves, the actual operation of taking cargo on and off, that has been blocked.

00:40:46.220 Number two, you have this whole issue of the Caribbean, right? 0.78

00:40:49.480 What's got to happen there?

00:40:50.720 It's just – you know, what's it – you got Venezuela.

00:40:52.260 But most importantly, you saw over the weekend millions of people in the streets in Brazil to support Bolsonaro.

00:40:59.780 And we'll talk later about Le Pen and the millions in the street in Paris standing up for Le Pen.

00:41:06.600 But what you're there with Pete, that whole geostrategic – like what is our – what is the methodology we're going to do?

00:41:13.300 How important is this?

00:41:14.260 Are we also going to block the Darien Gap Arbor down there? 0.61

00:41:16.640 What does it mean for the Caribbean?

00:41:18.200 And why is no one in the U.S. government to date standing up and vocally saying, hey, what's going on in Brazil,

00:41:24.620 where they're trying to put Bolsonaro in prison and actually have him assassinated, we won't allow happen, sir?

00:41:30.900 Yeah, I mean, you know, kind of the problem that you've laid out is – and I don't know if you mind me saying this – that you're not in the administration.

00:41:43.220 You know, like there are very few characters in the world who could, in a 60-second thing like you just did, pull all of those things together.

00:41:53.460 And this – I know for a fact that while this administration is doing as much as it can do, a lot of this stuff is new to a lot of the new actors in there.

00:42:01.980 A lot of the people that are now in these positions of power have not necessarily been, you know, banning babies for the last 10, 15 years and heard all of these arguments and understand this.

00:42:12.080 And they're getting to grips with it right now.

00:42:13.720 I hear that stuff all the time.

00:42:15.100 And people reach out to me all the time and say, okay, what do we do here?

00:42:19.400 What are we paying attention to there?

00:42:20.300 What's going on with the pen?

00:42:21.400 All of this stuff.

00:42:23.100 And as you know, in the gumming up of government, it's one thing then to understand it.

00:42:28.260 It's a totally other thing to act on it.

00:42:31.320 And right now, you know, I don't mean this as an insult in any way, but they're clearly still finding their feet.

00:42:36.540 I mean, they're clearly still finding personnel.

00:42:39.260 And if anything must be done, you know, between now and summer, it's to finalize and fill all those positions because you actually don't have people who are willing to execute on things like what's going on in Brazil, on things like what's going on in France.

00:42:55.200 And while, look, I think the vice president's team, who I talk to quite often, have a very firm grasp, especially what's going on in Europe.

00:43:03.100 We saw that during the Paris and the Munich trip.

00:43:05.820 They can't do the work of the State Department themselves from the VP's office.

00:43:10.100 So we need more talented people.

00:43:12.920 Steve, we might have to get you in as secretary of state at some point.

00:43:16.600 And then we have it.

00:43:17.620 No, no, no, no.

00:43:19.240 I got a full-time perch here.

00:43:21.600 Now that you abandoned me, Rahim, to travel the world, we're going to come back. 0.99

00:43:25.300 We're all going to talk about Diario Garcia, some other things to go through with Rahim on a weekend of geopolitics and geoeconomics.

00:43:32.300 We're in a live fire exercise in world markets this morning in the war room.

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00:44:54.400 Since Trump has gotten back to the White House, we are seeing prominent Republicans in Congress directly criticize his actions.

00:45:01.800 People, as you heard, like Ted Cruz, like Rand Paul.

00:45:05.200 In fact, I don't see many Republican leaders coming forward to defend what Donald Trump has done.

00:45:12.060 The reason here is simple.

00:45:13.380 Trump is not just gambling with the American economy here.

00:45:17.160 He is putting Republican political fortunes at risk.

00:45:20.860 We see some of the biggest stock market declines since the Great Depression.

00:45:26.280 Dire warnings of a recession, of inflation.

00:45:29.040 And not because of outside forces like a pandemic, but because of the direct actions of the Republican president.

00:45:36.400 Rand Paul, for one, is predicting dire consequences for his party if this goes forward.

00:45:42.580 Dire consequences, he says, that could take years to overcome.

00:45:46.160 Some Republicans also question whether the president has the legal authority to impose these tariffs that he has imposed.

00:45:51.740 And these legal challenges are coming.

00:45:53.780 George, this is important.

00:45:55.420 There will be legal challenges to these tariffs, possibly by the end of the week.

00:46:00.840 I spoke to a prominent Republican, a conservative legal figure last night.

00:46:06.640 This is somebody close to the president who told me that he believes that the Supreme Court would likely declare the president's actions unconstitutional.

00:46:15.820 The issue here is the authority he has cited that the emergency power act that he has cited does not explicitly give him the right to impose tariffs.

00:46:23.780 And also is the big question is, what is the emergency that he is solving in in imposing these tariffs?

00:46:31.400 Okay, the important thing there, Raheem, is what Jonathan Karl's reporting is about, quote unquote, conservatives and Republicans.

00:46:40.960 A Republican revolt in the Senate led by Ted Cruz, although Ted Cruz is not really, it's really Steve Daines and these guys behind the scenes.

00:46:48.860 You already got seven on the record.

00:46:50.180 And a prominent legal figure, Reed Leonard Leo, in the federal society is going to come in because that's that whole Milton Friedman crowd, right?

00:47:01.560 They're all coming for Trump.

00:47:03.280 They're all coming for the economic nationalists.

00:47:05.480 They're going to try to go to and think about it.

00:47:07.920 They're going to go to the courts and they hope the Supreme Court bails them out.

00:47:11.280 Your thoughts, sir?

00:47:12.000 Yeah, look, my initial reactions to all of that is, you know, for the for the crowd that's been screaming, you know, fiat currency and audit the Fed and all of this stuff.

00:47:23.960 They're certainly very quick to defend big corporate interest, which is nothing like the, you know, the Ayn Rand novels that they keep tucked in their beds with them every night.

00:47:36.500 And and it's it's not just hypocritical.

00:47:39.700 It actually shows a strain of deceit that still runs deep through the Republican central party apparatus there.

00:47:51.040 I've talked about this for years now, but we talked about it.

00:47:54.080 What last week when we talked about what's going on in the Republican Party of Texas?

00:47:58.060 You look at what's going on, by the way, in the Republican Party of Florida at the moment, where even Governor DeSantis is having to fight off rhinos in his state house who are attempting to stop him from making any strategic reforms in the state.

00:48:13.600 And the same thing is happening here on Capitol Hill.

00:48:16.200 Look, I know it's it's it doesn't even need saying, but these people will revert to type.

00:48:22.100 Why take a look at their FEC declarations, take a look at who donates to their PACs.

00:48:28.420 You know, these are the same people and they're they're burning down the phone lines to they're not your senators and congressmen, ladies and gentlemen, they're their senators and congressmen.

00:48:37.660 They are burning down the phone lines all weekend to these people saying, hey, you get in there on Monday and you stop this guy.

00:48:43.440 You stop him ruining our monopoly. You stop him ruining our markets and our wealth and our richness.

00:48:49.420 And listen, since 2008 to 2021, we have seen the largest wealth transfers in human history.

00:48:57.840 And the people who got not just rich, not just wealthy, not just did well, they became obscenely, absurdly, satanically wealthy.

00:49:07.820 Greed, greed is in their eyes and in their hearts.

00:49:11.040 These are the people who are saying, hey, you know, one of my billions is missing now.

00:49:15.780 I'm going to need that back. And it's a cost to you.

00:49:18.860 Ladies and gentlemen, it's a cost to the manufacturing base of this country.

00:49:22.160 It's at a cost to the nation's own security.

00:49:25.820 Right. The very fact that you are not manufacturing things in this country, you are going to turn out like the United Kingdom. 0.99

00:49:32.240 If you continue down this road of having creating nothing and having nothing and for these people who sit a half a mile down the street from me in the capital to be doing the bidding.

00:49:44.200 Of these major corporates who are who are who are peeved this Monday morning, they lost a couple of more points on their stock valuations without recognizing, without realizing and without even paying heed to the fact that Donald J.

00:49:59.240 Trump walked onto that campaign stage on that rally stage every single day during the campaign.

00:50:04.760 And he told people he was going to do this and he warned them that tariffs were coming.

00:50:08.540 Did they think he was joking? Did they think it was a game?

00:50:11.900 Well, now they're finding out what it's like to be on the receiving end of that game and on the receiving end of being treated like the poor were treated during the market crash in 2008 and like the poor were treated during COVID.

00:50:22.900 Strip their money. Who cares about them?

00:50:24.940 Well, I got news for you. Who cares about you, corporate America?

00:50:27.460 The commodity prices are dropping to all all the commodities.

00:50:33.720 So inflation is going to, I think, dramatically decrease all this nonsense about the prices going up.

00:50:39.300 I don't think it's going to happen. Let's play your favorite person.

00:50:42.480 Step to the microphone to submit. Let's go ahead and play this, Rahim, and have your commentary.

00:50:48.600 We stand ready to negotiate with the United States.

00:50:51.320 Indeed, we have offered zero for zero tariffs for industrial goods, as we have successfully done with many other trading partners, because Europe is always ready for a good deal.

00:51:02.520 So we keep it on the table.

00:51:04.700 But we are also prepared to respond through countermeasures and defend our interests.

00:51:10.160 Okay, right there, Rahim.

00:51:14.020 And by the way, it's the non-tariff barriers that the Germans particularly – this is why I see no American cars in Europe.

00:51:21.760 Rahim, your response to the head of the European Union.

00:51:25.420 You know, just before I do that, do you know what winds me up so much about this at a personal level?

00:51:29.820 Is that, you know, my parents lost everything in 1992 when George Soros shorted the pound.

00:51:36.660 And I lived firsthand what Americans have had to live firsthand since 2008, right?

00:51:43.420 I've seen it.

00:51:44.280 I've seen the look in my father's eyes, you know, going through that process of bankruptcy, of losing everything.

00:51:50.780 And suddenly, you know, this man comes along called Donald Trump, and he promises.

00:51:55.220 He doesn't just suggest.

00:51:56.200 Yes, he pledges.

00:51:57.980 He swears an oath, in fact, if anybody forgot, that what he was going to do – what he said he was going to do on the campaign trail, he would enact as president of the United States in America's national interest.

00:52:09.400 And that's what he's doing.

00:52:10.600 And I could – you know, I don't expect anything more from the Democrats.

00:52:14.780 Go ahead.

00:52:16.840 But hang on.

00:52:17.640 Just hang on.

00:52:18.140 I know you've got to bolt to Andrews, but I'm going to hold you through a 90-second break as we start our tour.

00:52:25.300 Rahim Kassam's with us.

00:52:26.660 He's about to head to Panama with the Secretary of Defense from Andrews Air Force Base.

00:52:32.360 Tom Fitton's going to join us right afterwards on a monumental historic Monday in the War Room.

00:52:39.420 The April 15th tax deadline is coming, and it's coming fast.

00:53:00.120 Do you have unfiled tax returns?

00:53:01.800 Can't pay the IRS?

00:53:03.360 The IRS is more than aggressive and the more aggressive than ever.

00:53:06.860 And the longer you wait, the worse it gets.

00:53:09.500 Wage garnishments, bank levies, even property seizures are all on the table.

00:53:15.340 You need to get ahead of this, and you need to get ahead of it today.

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00:53:22.760 Take my advice.

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00:53:51.780 Let me repeat that.

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Bannon's War Room - April 07, 2025

Episode 4393： Chaos In The Markets

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