Bannon's War Room - April 08, 2025


Episode 4397： Turn Around Tuesday; Markets Bounce Back Cont.


Episode Stats

Length

56 minutes

Words per Minute

170.59947

Word Count

9,671

Sentence Count

784

Misogynist Sentences

1

Hate Speech Sentences

20


Summary

Zero Hedge's Peter Schiff and Spencer Morrison join host Stephen K.K.M. ( ) to debate whether or not the Trump administration is on track to deliver on its promise of tax cuts and infrastructure spending increases.


Transcript

00:00:00.000 This is the primal scream of a dying regime.
00:00:07.140 Pray for our enemies, because we're going medieval on these people.
00:00:12.360 Here's the time I got a free shot at all these networks lying about the people.
00:00:16.660 The people have had a belly full of it.
00:00:18.580 I know you don't like hearing that.
00:00:20.020 I know you try to do everything in the world to stop that,
00:00:21.760 but you're not going to stop it.
00:00:22.680 It's going to happen.
00:00:23.960 And where do people like that go to share the big lie?
00:00:27.360 MAGA media.
00:00:28.260 I wish in my soul, I wish that any of these people had a conscience.
00:00:34.160 Ask yourself, what is my task and what is my purpose?
00:00:37.900 If that answer is to save my country, this country will be saved.
00:00:44.240 War Room. Here's your host, Stephen K. Mann.
00:00:52.080 It's Tuesday, 8 April in the year of our Lord, 2025.
00:00:55.680 I'm going to go back to Forrest in a moment,
00:00:59.400 because this situation with the Chinese Communist Party,
00:01:03.380 May Crabb sideways, massive naval exercise over the past couple of days around Taiwan
00:01:09.680 with the People's Liberation Navy,
00:01:13.300 I think trying to send a signal and a message to the Americans
00:01:16.260 that don't think you can defend Taiwan with the 7th Fleet,
00:01:19.920 because we're a lot closer and are bringing a lot of firepower.
00:01:25.080 So we're going to get back to Forrest on that.
00:01:27.260 Tonight there's a very special event, and it's free.
00:01:30.320 And it's free for the world.
00:01:31.520 And it's sponsored by one of my favorite news sites and websites.
00:01:36.460 It's got amazing analysis on it, amazing articles.
00:01:39.720 They link to amazing pieces.
00:01:42.340 That would be, of course, Zero Hedge.
00:01:45.200 So at 7 p.m. tonight, if we can put the graphic up,
00:01:48.140 and there are a lot of people that worked on this to make it happen.
00:01:51.940 And I want to thank them for reaching out to us
00:01:53.840 to be part of helping to pull it together.
00:01:57.360 But tonight at 7 p.m. on Zero Hedge, totally free,
00:02:01.760 there will be a debate between the great Peter Schiff,
00:02:05.640 one of the smartest guys on Wall Street,
00:02:07.860 and Spencer Morrison, the author of Reshoring.
00:02:11.840 Spencer joins us.
00:02:12.780 We're trying to get Peter up, but Peter's like me on making Skype work.
00:02:16.880 So we're struggling.
00:02:18.040 He'll be up in a second, we hope.
00:02:20.220 Spencer, this is, first of all, give us your assessment.
00:02:23.500 I don't want to get too much into the debate
00:02:24.760 because I want people to see it.
00:02:25.780 And we're also going to be doing a pregame on this
00:02:29.100 in our 6 o'clock hour leading up,
00:02:31.900 and it really will transfer you guys over to Zero Hedge at 7.
00:02:36.620 I think we're also, Grace and Mo,
00:02:38.440 we're going to try to stream it ourselves off of Zero Hedge
00:02:41.340 because this is a big deal, and I think only Zero Hedge,
00:02:44.380 which has so much great analysis about Wall Street
00:02:47.520 and other things that are happening,
00:02:49.140 global capital markets, a perfect place to have it.
00:02:52.040 So tell me, give me your assessment of the last couple days,
00:02:55.500 particularly the day the global stock market has kind of come back
00:02:58.520 and President Trump is dug in and not moving,
00:03:02.520 and now they're all stacked up.
00:03:03.660 He just saw his true social about South Korea,
00:03:06.720 the Japanese are coming in.
00:03:08.020 So where do you think we stand, Spencer?
00:03:10.860 Well, I think we're in a really great position,
00:03:12.900 and I think when I was on the show with you on Liberation Day,
00:03:16.060 I think we discussed this and we sort of called it,
00:03:18.360 the markets are going to fluctuate, they're going to bounce back.
00:03:21.320 And I think I made the point, and I'll make it again,
00:03:22.860 if President Trump said he was going to cut income tax,
00:03:25.980 the mainstream media would say,
00:03:27.680 oh my God, the economy is going to crash,
00:03:29.500 we're losing $250 billion worth of GDP,
00:03:32.360 because that's how much it costs to do the taxes every year, right?
00:03:35.520 So anytime you have a big policy shift,
00:03:38.160 you're going to have economic dislocation.
00:03:41.080 And sometimes it's short term, sometimes it's medium term.
00:03:43.360 But I think what President Trump is doing here is he's shifting the economy
00:03:47.640 from consumption and financialization of the economy
00:03:51.580 over to an industrialized economy and a production-based economy.
00:03:56.100 So there's going to be shifts.
00:03:58.000 And I think it's positive that the market is responding,
00:04:00.920 but I don't think the market is a be-all and end-all
00:04:03.260 in terms of a barometer up to the economic health of America.
00:04:07.180 I mean, there's so many other metrics we have to look at.
00:04:10.660 You know, do people have money to support their families?
00:04:14.000 That's more important than the stock market to me.
00:04:19.560 Given that this was announced at the close of the market last Wednesday,
00:04:24.640 and tomorrow is really the day that the reciprocity kicks in,
00:04:28.620 one week into this, are you feeling pretty good?
00:04:33.500 I'll tell you what, I'm feeling amazing.
00:04:35.460 I think that there's a lot of nations that are in the process of coming to the table.
00:04:39.700 I think many more are going to come to the table.
00:04:41.920 I'm excited to see what the president can do in terms of working out new deals.
00:04:45.980 And, you know, if these new deals are structured in such a way
00:04:48.500 that benefit both players by lowering overall trade barriers, I think that's great.
00:04:53.720 I think that's going to, you know, cause a lot of other nations to step forward.
00:04:57.540 I think this is going to be great for American industry.
00:05:00.780 It's going to raise exports,
00:05:01.820 and ultimately it's going to reshore, you know, a large portion,
00:05:05.740 I hope, of the economic production that's been shipped abroad to China,
00:05:09.940 Mexico, places like that.
00:05:11.480 Okay, tonight at 7 o'clock on the great site, Zero Hedge,
00:05:17.720 there's going to be a debate between Spencer Morrison and the great Peter Schiff.
00:05:21.980 Peter joins us right now.
00:05:23.660 Peter, before I get into anything, I don't want to give up too much of the debate.
00:05:26.460 We're going to have a whole hour of pregame today on our 6 o'clock show before,
00:05:30.480 because I'm so excited about having two heavyweights actually lay out these two plans.
00:05:36.820 But since you're such a prominent thinker of capital markets,
00:05:39.880 just give us where you think we are overall with the American economy.
00:05:44.260 You know, you've got the reconciliation we're working on,
00:05:46.440 obviously this big trade war that President Trump's engaged in.
00:05:50.080 What's Peter Schiff's take on things?
00:05:52.800 Well, you know, I think we're in a very bad place as an economy.
00:05:56.860 You know, I'm sympathetic with the president.
00:05:58.960 You know, I supported him.
00:06:00.440 I urged my followers to vote for him, not because I wanted him to do these tariffs,
00:06:05.400 but because I thought he was, you know, much better than the alternative.
00:06:10.500 But Trump understands that, yes, over the last 20 years or so in particular,
00:06:18.140 we've hollowed out the middle class.
00:06:20.120 We've lost our industrial base.
00:06:22.020 We've grown poorer as we've accumulated debt.
00:06:25.380 And the rest of the world has accumulated assets.
00:06:27.940 But what Trump doesn't seem to get, and a lot of people that surround him,
00:06:32.640 is the current nature of the economy and how this big bubble has been inflated.
00:06:39.000 We run these huge deficits, you know, government deficits, a couple trillion dollars a year.
00:06:44.180 The Fed prints a lot of money.
00:06:45.800 And so Americans get a lot of money to spend as a result of these deficits.
00:06:49.040 But the problem is Americans aren't making the products that these Americans want to buy.
00:06:56.200 And so if we just had to spend our money here, you know, prices would have gone through the roof.
00:07:01.140 But what we've been able to do is we have an escape valve for the inflation.
00:07:05.840 And it's the rest of the world because they have lots of capacity, lots of factories.
00:07:10.660 They produce all the stuff.
00:07:13.100 And so what Americans do is they take that money and they go shopping and we buy all sorts of stuff.
00:07:17.780 Over a trillion dollars worth of merchandise comes in every year that we didn't have to produce.
00:07:22.000 We didn't have to, you know, sacrifice.
00:07:24.360 We didn't have to save to make the capital investments.
00:07:26.940 We don't have to deal with the pollution.
00:07:28.840 We just get all the stuff.
00:07:30.440 And all the work is done abroad.
00:07:32.940 So we send our money abroad and they send their stuff here.
00:07:36.920 Now, the cycle gets even better for us in the short run because foreigners take the dollars that they earn,
00:07:43.980 selling us the stuff that we didn't have to make, and they buy our financial assets.
00:07:48.000 They buy our stocks.
00:07:49.000 They buy our bonds.
00:07:49.920 And as a result of that, our stock market goes up, our bond market goes up, and so our interest rates go down.
00:07:56.340 And so everybody thinks they're richer because stock prices are higher.
00:07:59.480 We get to borrow all this cheap money so we can keep on going further into debt to buy more foreign products.
00:08:05.680 Now, if that's going to stop and if the tariffs may very well stop it by making goods so expensive
00:08:12.780 that Americans can't afford to import them anymore,
00:08:15.640 then what's going to happen is the money that we create stays in America, bidding prices through the roof,
00:08:22.860 and foreigners no longer buy our stocks and no longer buy our bonds, sending interest rates through the roof.
00:08:29.920 We have a massive economic implosion as the entire service sector economy collapses.
00:08:35.140 We have another financial crisis because a lot of the borrowed money can't be repaid.
00:08:40.320 A lot of the stores have to close down because they no longer have goods that anybody can afford to buy.
00:08:45.820 We have lots of unemployment.
00:08:47.520 So in the short run, this is an unmitigated disaster.
00:08:50.780 The problem is Trump has not prepared the public for just how bad it's got to get before it's going to get good.
00:08:57.720 And I don't think we have the stomach for the financial crisis and the collapse that's coming.
00:09:03.400 I think we're just going to go back to the same thing that got us here,
00:09:07.020 which is asking the Fed to cut interest rates and print more money.
00:09:10.900 And then we risk what's always been the worst case scenario, a complete dollar collapse and runaway inflation.
00:09:18.200 So I think we're very close to the precipice of that right now.
00:09:23.340 Let me ask you, let me just take it in a slightly different direction.
00:09:26.440 If you see the because at the same time we're going through this, they've now talking about these reconciliation bills.
00:09:33.300 And if you just cut down to the basics of the reconciliation, they're once talking about a four trillion dollar increase.
00:09:41.020 The House is talking about a four trillion dollar increase to the debt ceiling.
00:09:44.180 The Senate is talking about a five trillion dollars.
00:09:46.300 My understanding, and it's not you haven't seen the language, my understanding, that's a two year deal or just gets us past the midterm elections sometime into 2027.
00:09:55.520 The model we have, they're also these deficits, particularly given tax cuts that he's promised the working class on tips and on Social Security,
00:10:04.980 that the deficits could be north of two trillion dollars.
00:10:09.960 Is that model?
00:10:11.260 Just leave aside the trade situation for a second, what he's gotten into.
00:10:15.520 Is the model that we have right now of just because, and I want to just tell the audience, neither the reconciliation, what they're talking about, or even in fiscal year 2025, because there have been no impoundments.
00:10:28.660 To date, there has not been, outside of USAID and DOE, which were identified by the, you know, the Eli Cranes of the world, on fraud, there hasn't been one penny that's been put over to people to say, actually, this is where we found it, this is where we cut.
00:10:45.760 So, you're going to have a two to two and a half trillion dollar deficit every year, you're going to get up to 42 or 43 trillion dollars in debt, and you just continue on.
00:10:55.400 Is the basic model we have today, leave aside what he's doing on trade and trying to bring manufacturing back, is the model we have today sustainable?
00:11:03.280 No, it's completely unsustainable.
00:11:06.500 The fact that we've sustained it for so long is why the problem has gotten so big, and the deficits will be much larger as we go into a deeper recession, which I believe we're in, and it's going to get a lot worse, especially with the tariffs.
00:11:20.020 You know, what Trump should be doing right now is telling Congress that no way will he sign off on this bill.
00:11:28.000 I would not increase the debt ceiling at all.
00:11:30.580 But, you know, Rand Paul says, hey, let's do it by, you know, 500 million, 500 billion, not five trillion.
00:11:39.540 And let's do it.
00:11:41.420 Entrancious, yes.
00:11:42.400 Yeah, but I would tell, I would use my veto.
00:11:45.860 If I was Trump, I would make it clear to Congress that I am not signing an unbalanced budget.
00:11:51.380 The buck stops here.
00:11:52.780 We need to cut government spending right now.
00:11:55.180 We need to balance this budget.
00:11:56.800 And if you don't balance this budget, I'm vetoing it.
00:11:59.300 And the only way you're going to pass this increase in the debt ceiling is with two-thirds of both houses, because I'm not going to be a party to the destruction of the country.
00:12:07.340 I'm not going to take on another five trillion in debt, because that means another 10 trillion in debt.
00:12:12.080 It's never going to stop.
00:12:13.660 So now is the time.
00:12:14.540 If we're going to take the pain, that's pain worth taking.
00:12:17.800 The pain of the tariffs is just pain for pain's sake.
00:12:20.400 It is not going to help.
00:12:21.320 The tariffs are going to make it worse.
00:12:22.480 But if we actually force the government to stop spending and we really get into the root cause of the problem, that's the kind of pain that I would want to sign on for.
00:12:33.540 And you're prepared in that regard, because he just put forward a trillion dollar defense budget.
00:12:38.400 You're prepared to cut defense.
00:12:40.160 You're prepared to say, hey, we've got to cut some Medicaid.
00:12:41.940 We've got to cut social programs.
00:12:44.020 But I don't want a 10-year or where Scott Besson says we're at 6.5% or 7% of deficit to GDP.
00:12:51.220 I'm going to get this down to 3.5%.
00:12:53.380 Peter, you're saying, hey, that's not good enough.
00:12:55.620 I want to plan not over 10 years but over a year or two to get to a balanced budget to get to a zero deficit.
00:13:02.260 Is that what I'm hearing?
00:13:03.160 I'm 62 years old.
00:13:04.880 I've been around long enough to know that every time Congress says they're going to cut the deficit in the future, they never do it.
00:13:11.440 They always say, oh, we will have these future spending cuts.
00:13:14.820 They kick the can down the road.
00:13:16.400 Look, I'm prepared to give up 100% of my Social Security.
00:13:20.500 And a lot of people should say, yeah, we don't need any Social Security, because the money's not there.
00:13:25.100 And the young people can't afford to pay the payroll taxes.
00:13:28.120 But we have to reform entitlements, which means cut entitlements, Medicare, Medicaid, Obamacare, all that stuff.
00:13:34.340 And yes, we're spending too much money on defense.
00:13:36.620 We need to spend less on defense.
00:13:38.260 Donald Trump says we should stop defending Europe.
00:13:40.200 Yes, let's stop defending Europe.
00:13:42.000 Let's bring home the troops so we can save that money.
00:13:44.760 Let Europe defend itself.
00:13:46.220 But we need to cut, bring the troops out of Japan.
00:13:48.800 You know, we're broke.
00:13:50.480 You know, we have $36 trillion in debt, $37 trillion.
00:13:53.300 And what's worse, over the next four years, $26 trillion of that debt comes due.
00:13:59.040 It matures.
00:14:00.200 And we have to find buyers for that.
00:14:02.300 Yes, yes.
00:14:02.620 And I don't think they're going to be there.
00:14:05.700 Hang on for one second.
00:14:06.920 We're going to take a short commercial break.
00:14:08.340 Tonight's debate at 7 p.m.
00:14:10.980 On the great Zero Hedge.
00:14:12.520 Peter Schiff.
00:14:13.740 Spencer Morrison.
00:14:15.840 On trade and tariffs.
00:14:18.240 I'm sure much, much more.
00:14:19.480 Zero Hedge sponsoring this.
00:14:20.480 We couldn't be prouder to help pull this together.
00:14:22.400 We're going to drive a big audience to this tonight.
00:14:24.840 Because you've got to hear it.
00:14:25.940 Short commercial break.
00:14:27.520 Johnny Conn takes this out.
00:14:29.280 With American Made with American Parts.
00:14:32.520 Short commercial break.
00:14:33.420 Back in a moment.
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00:16:11.660 Here's your host, Stephen K. Bannon.
00:16:19.240 I can tell you, Peter, the audience is—the Warren posse is quite excited that you're on.
00:16:23.940 One thing we talk about all the time is the difficulty Scott Besson, who is a contributor here at the Warren for years,
00:16:29.820 has in having to sell, I think, $10 trillion this year of U.S. government securities.
00:16:34.560 You put it in a better perspective.
00:16:35.860 You're saying it's $25 trillion over the next couple of years that Besson has to sell, essentially, to foreigners or, I guess, by ourselves.
00:16:43.320 I mean, how are we going to do that, given our financial situation?
00:16:46.880 Yeah, well, the worst part about our enormous national debt is the way we've gone about financing it.
00:16:52.120 Instead of taking on long-term debt, selling 30-year treasuries, we've financed with T-bills.
00:16:58.940 It's kind of like people who have a house.
00:17:01.940 Instead of taking on a 30-year fixed-rate mortgage, they get a one-year arm.
00:17:06.020 Now, maybe they make that trade-off because the arm is cheaper, but they're accepting a lot of risk.
00:17:11.320 The person who does the 30-year fixed, he has a payment.
00:17:15.180 He knows what it's going to be.
00:17:17.280 And so we did the same thing because by borrowing in the T-bill market, we got lower interest rates.
00:17:23.280 Because if the government had financed these debts on 10 years to 30 years, it would have pushed those long-term interest rates up, pushed mortgage rates up.
00:17:32.040 The government didn't want to do that.
00:17:33.500 So the government played Russian roulette with the country by the short—
00:17:38.360 But, Peter, Yellen did this.
00:17:41.720 This is what third-world countries do, right?
00:17:43.460 They get that scam all the time.
00:17:44.900 They basically finance short, right?
00:17:48.040 They don't go long because they can't go long.
00:17:49.620 We essentially did this.
00:17:53.280 Go ahead.
00:17:54.080 Yeah, it started with Robert Rubin under Clinton.
00:17:56.680 He started the shortening of the maturities of the national debt to bring down the interest rate expense by borrowing short.
00:18:04.400 So the reason I'm saying we have to do $26 trillion is over the next 10 years, $26 trillion of that short-term debt matures.
00:18:13.260 And a lot of that debt is at much lower rates than the current rates.
00:18:16.820 And as it matures, we have to resell it, right?
00:18:20.420 And somebody has to want to buy it because not only have foreigners supplied America with the goods that we don't produce, they lend us the money that we don't save.
00:18:31.620 See, when Trump says that, you know, the world's been screwing us and taking advantage of us, he's got it backwards.
00:18:36.940 We've actually been taking advantage of the world.
00:18:38.760 We're relying on the world because they supply us with goods and lend us the money to support the whole economy, including the deficits that the government has.
00:18:47.400 So Trump's got to—Bessett's got to go around and convince people to buy these treasuries at, you know, 4% yield.
00:18:54.980 When inflation is much higher than that, look at the price of gold over $3,000 an ounce.
00:19:00.340 The reason gold is at $3,000 is because foreign central banks don't want our dollars.
00:19:05.160 They want gold.
00:19:06.160 They don't want to buy our treasuries because the yields are too low to cover what they're going to lose.
00:19:11.080 And so they're buying gold instead.
00:19:12.560 So he has an impossible sell on his hands.
00:19:15.320 And it's going to get even worse if the dollar really starts to fall.
00:19:18.680 Because, you know, that's what's going to happen.
00:19:21.420 Then why would somebody in Europe or Asia want to loan us money at 4% when they're going to lose 10% or 20% a year just on the foreign exchange?
00:19:31.260 Do you think part of this negotiation should be—I hate to be so blunt—jamming them with actually part of the trade negotiations is that they actually take as part of that long-term securities at some sort of lower interest rate and they just have to eat it, sir?
00:19:47.020 They're not—no, they're not going to do it.
00:19:49.380 You remember, Trump thinks we've got all the cards.
00:19:52.560 We don't.
00:19:53.620 Again, the cards belong to the producer, not the consumer, right?
00:19:57.780 That's what drives the economy.
00:19:59.700 You can't consume what has not been produced.
00:20:02.820 But anything that's produced will be consumed.
00:20:06.140 Supply creates demand.
00:20:07.820 Not the other way around.
00:20:09.100 We've just got demand.
00:20:10.540 But without supply, it means nothing, right?
00:20:12.580 But as long as the world wants our dollars, okay, they'll give us their stuff for our paper.
00:20:17.940 But when they don't want our dollars anymore, then we're stuck.
00:20:20.940 All we've got is paper and no goods.
00:20:23.200 And the world is going to be fine without us.
00:20:25.760 There's nothing special about Americans.
00:20:27.740 Anybody can consume.
00:20:29.160 That's a fun job, right?
00:20:30.680 That's the easy part.
00:20:32.040 Try producing.
00:20:33.180 That's what's difficult.
00:20:34.260 And when people talk about, oh, we're going to reindustrialize the U.S., we're going to build factories, with what money?
00:20:39.060 Where are we going to get the capital?
00:20:40.100 And what are we going to stop doing to finance it?
00:20:42.920 And if we're going to finance the reindustrialization of America, which is going to cost trillions, we can't finance the government.
00:20:50.180 We can't have all this government and reindustrialize.
00:20:53.380 That was the tradeoff.
00:20:54.560 We got rid of our industry so we can have this big government, right?
00:20:58.040 But in the long run, that was a bad deal that we made.
00:21:00.580 But where do people go?
00:21:05.180 Social media, website, people, I can tell already in our chat room, they're really excited about tonight's debate on Zero Hedge.
00:21:12.020 We'll be covering it live.
00:21:13.620 Peter, where do people go to get all your thinking?
00:21:15.440 Well, you know, I do my own podcast, you know, usually once or twice a week, shiftradio.com.
00:21:22.600 You can also listen to it on YouTube.
00:21:26.880 You know, you can go to my website at europac.com.
00:21:29.840 I also have a free newsletter at shiftsovereign.com.
00:21:33.180 People can sign up for.
00:21:34.460 But also, you know, on the Europac website, you can talk to some of our representatives.
00:21:41.500 You know, I think that either way, you're going to see a big decline in the dollar.
00:21:45.540 I think a lot of the inflation that has been in our financial markets is about to move to Main Street, out of Wall Street.
00:21:52.240 And so that means U.S. stocks and bonds are headed a lot lower.
00:21:55.020 And that means if you are a retiree, what you've got to do is you've got to diversify into offshore assets.
00:22:01.480 You've got to get out of dollars.
00:22:02.620 You've got to get, you know, assets that will be a good inflation hedge and will provide meaningful income.
00:22:07.500 As we go through this painful process, it's going to be a lot of pain for investors and savers.
00:22:12.580 But there is a way to avoid it.
00:22:13.960 But you've got to act pretty quickly to reposition your portfolio.
00:22:20.440 Peter, look forward to tonight.
00:22:21.880 And thank you for coming on.
00:22:22.900 Audience, very excited.
00:22:23.920 Thank you, brother.
00:22:24.740 All right.
00:22:25.100 Thanks for hosting.
00:22:28.040 Peter, Peter, shift.
00:22:29.580 I would love to be able to put that proposal on this spending to folks immediately.
00:22:37.100 Peter shift saying, hey, get to a balanced budget and you've got to do it in two years, not over 10 years.
00:22:41.260 And you have to have significant cuts across the board.
00:22:44.440 I hope people are listening to this because this reconciliation is going to be a fiasco, I can tell you.
00:22:50.120 Spencer Morrison, not to do a counter to Peter.
00:22:52.620 We want to hold it for tonight because it's going to be a Donnybrook.
00:22:54.580 Donnybrook, where do people go to get reshoring?
00:22:57.480 Where do they go to get all your information?
00:22:59.240 We look forward to the debate.
00:23:00.380 Thank you for signing up.
00:23:01.940 It's going to be amazing.
00:23:03.260 So where do people get all your information before tonight's debate?
00:23:07.000 I wonder what we're going to debate.
00:23:09.440 We agree on a lot of stuff, I've got to tell you.
00:23:12.300 You can follow me on Twitter.
00:23:15.620 It's RealSBMorrison.
00:23:16.920 The book's available on Amazon.
00:23:19.560 It's a reshore how tariffs are going to revive the economy and restore the American dream.
00:23:27.160 Spencer, look forward to tonight, 7 p.m. on Zero Hedge.
00:23:30.720 So thank you, sir.
00:23:31.380 Appreciate you coming on.
00:23:33.180 Thanks so much, Steve.
00:23:34.000 God bless.
00:23:36.180 It's going to be a wild one tonight.
00:23:37.600 I want to thank the Zero Hedge people for putting this on and others that work behind the scenes to pull this off.
00:23:42.320 I think it's incredibly timely.
00:23:44.180 Let me go back to Forrest for a second.
00:23:46.180 Zero Hedge, speaking of Zero Hedge,
00:23:47.860 they just put up Forrest.
00:23:49.780 I think I got these over to you, but I want to repeat what Zero Hedge is saying.
00:23:53.840 They say the Chinese Communist Party, China has three basic options.
00:23:57.960 Number one, and if we can get this up on the split screen with Forrest, you don't need me.
00:24:01.880 Concede defeat to whatever terms President Trump demands immediately.
00:24:06.800 Number two, devalue the RMB or the yuan by 20 to 40 percent.
00:24:11.460 Number three, unleash biggest fiscal stimulus in its history, talking $2 to $3 trillion, which will push the debt of China off the charts.
00:24:22.840 Do you think the Chinese Communist Party will take any of those three, sir?
00:24:25.840 Yeah, it's possible.
00:24:27.960 But they do have another method, which they will not hesitate to do.
00:24:34.840 They will plunge the world into even more chaos.
00:24:39.360 They can start, if they need to start a kinetic war or if they need to start the economic war, they will do so.
00:24:46.440 Maybe in another biological warfare, they will do so.
00:24:49.880 That's another option.
00:24:50.940 They can.
00:24:52.000 Again, as we said, this is their final ranking.
00:24:55.980 They won't hesitate to do anything to keep them in power.
00:25:00.360 And that's the thing.
00:25:02.940 That's why I think the audience, as your guest Peter just mentioned, but I don't agree with him,
00:25:09.440 because I believe we do need to make the manufacture here in the U.S. and decouple from Chinese Communist Party
00:25:18.280 because all the economy based on the inslivery of Chinese people and other nations, this will not sustain.
00:25:28.640 And all this economy is not sustained.
00:25:31.260 What President Trump is doing, I think it's 100% in the right way.
00:25:39.760 And I think the other day, Mr. Benson was talking about, he's not using the word redistribution,
00:25:45.960 but just taking care of the bottom half, the 50%.
00:25:49.860 I think that's 100% correct.
00:25:52.520 We decouple from the CCP 100% to defeat the paper tiger economy,
00:25:59.260 which support the Chinese Communist Party and their enablers.
00:26:03.600 This will free the Chinese people and also all the lobbying all over the globe.
00:26:12.140 So I think this is essential.
00:26:15.000 I think the war room policy understands this better.
00:26:19.580 I think more American people need to understand this because this is not a trade war.
00:26:25.340 This is not a tariff war.
00:26:27.140 This is about survival.
00:26:30.200 It's about freedom and democracy.
00:26:33.140 I think people have to realize that.
00:26:38.320 Forrest, where do people go to get new federal state TV, all your news, the daily news you guys put up?
00:26:43.900 I repost a bunch of those during the day because they're so well-researched and well-written.
00:26:48.620 Where do people go?
00:26:49.440 Thank you.
00:26:50.580 You can find us on Gather, NFSC TV and NFS Speaks, and also the daily news on Gather.
00:26:57.700 You can also find us on X, NFSC Speaks.
00:27:03.120 Thank you, Steve.
00:27:04.000 Thank you very much, brother.
00:27:06.880 Appreciate it.
00:27:09.180 So the day President Trump's dug in, South Korea's reached out, Japan's reached out.
00:27:14.520 They've stacked up.
00:27:15.340 I think they're saying right now almost 100 nations of the earth.
00:27:19.880 This does not count the islands with the penguins.
00:27:22.980 Remember, you don't want anybody to game the system, including the penguins.
00:27:26.320 We're going to take a short commercial break.
00:27:28.040 I'm going to leave you with Holy War.
00:27:29.680 Very special guest up next in the war.
00:27:33.040 We're back in a moment.
00:27:33.660 I can tell you why, but you gotta believe.
00:27:39.420 You gotta believe.
00:27:44.340 Believe.
00:27:48.000 Open your eyes.
00:27:49.820 No time to be blind.
00:27:51.960 Open your mind to see.
00:27:54.440 We're in a modern day.
00:27:57.440 Holy War.
00:27:59.260 Coming after your mind.
00:28:01.600 Divide your soul.
00:28:04.680 Oh, oh, it's true.
00:28:09.620 Modern day.
00:28:11.900 Holy War.
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00:29:33.980 Do it.
00:29:35.340 Do it today.
00:29:36.740 Use your agency.
00:29:38.000 Action.
00:29:38.720 Action.
00:29:39.100 Action.
00:29:39.240 Action.
00:29:40.360 Here's your host, Stephen K. Vann.
00:29:48.020 Okay.
00:29:48.680 Welcome back.
00:29:49.400 It's going to be a heated one tonight at 7.
00:29:51.080 We're going to do a lot of this at 6 o'clock to prep you guys for.
00:29:53.600 It should be exciting.
00:29:55.420 President Trump's dug in.
00:29:56.920 Josh Hawley just had a great quote.
00:29:58.500 I'll get to that in a moment.
00:30:00.820 Jameson Greer, who's a new U.S. trade rep, is getting lit up in this Senate finance hearing by, guess who?
00:30:08.380 The Democrats, Mark Warner, Virginia, just laid into him.
00:30:12.120 We're going to get that clip here, hopefully in a moment.
00:30:14.900 Shemaine Nugent joins us.
00:30:16.940 Shemaine, look, can you explain to people why it's different?
00:30:19.160 We start the day.
00:30:20.080 I've got my Warpath coffee.
00:30:21.740 The first thing I do, I do my field of greens, and I get that burst of energy.
00:30:25.440 Also, I just feel better in doing it.
00:30:27.220 But why is this different?
00:30:28.740 Why is this fundamentally different?
00:30:30.680 Because you know this stuff.
00:30:31.800 I mean, you're really into health.
00:30:33.480 I'm not.
00:30:34.540 Why is this different than the other brand that you see carpet bombed on cable TV nonstop?
00:30:39.920 But why is being a real organic superfood so important?
00:30:45.880 Well, you know, Steve, since scientists decided to bring back the dire wolves from the ice age,
00:30:51.820 I'm going to keep drinking field of greens to keep up my strength.
00:30:55.300 But even if you're not worried about running from pterodactyls just yet,
00:30:59.440 the most important thing is that we all have to start small.
00:31:02.220 We all have to take care of our health.
00:31:03.660 We all know that our bodies are our temples.
00:31:06.600 But no matter how hard you try, it's difficult to overhaul your diet completely.
00:31:12.860 So starting small is the best thing to do.
00:31:16.380 And it's one change, one simple change.
00:31:18.840 Just put a scoop of field of greens like you do in your water, your juice,
00:31:23.100 and drink it all throughout the day.
00:31:24.800 And it's just that one little tweak that's going to make the huge,
00:31:29.100 the biggest difference in your life.
00:31:30.720 And this gets you the fruits and vegetables that people,
00:31:36.840 particularly with the crazy lifestyle brand leads, often don't get to, correct?
00:31:43.540 Absolutely.
00:31:44.340 And, you know, Ted and I live off the land.
00:31:46.280 We hunt.
00:31:46.880 But when we travel, we can't always get our fruits and veggies.
00:31:50.620 So I like to just do one scoop of field of greens.
00:31:54.240 And every single ingredient is doctor-selected, specifically for heart health,
00:32:00.680 your lungs and your kidney and your metabolism, and healthy weight.
00:32:05.320 Everything serves a purpose.
00:32:07.240 That's why it works.
00:32:11.080 How do you take it?
00:32:12.100 You get up in the morning, do you just put it in your juice?
00:32:13.980 You put it in your water?
00:32:14.980 What do you recommend?
00:32:15.900 You tell people to try it, try it with water, try it with your juice.
00:32:19.420 What do you guys do?
00:32:21.100 We put it in our water and stir it up,
00:32:23.500 and that's how I get going in the first part of the day.
00:32:27.000 Well, first, coffee first.
00:32:28.780 We talked about this before.
00:32:30.080 Coffee first.
00:32:31.220 And then field of greens.
00:32:33.980 I don't know.
00:32:34.620 Maybe we should start putting it in our coffee, Steve.
00:32:36.760 What do you think?
00:32:39.640 Well, I do it in the water also.
00:32:41.580 I do the same thing.
00:32:42.420 I do the coffee first and then do the water.
00:32:44.740 What have you noticed?
00:32:45.880 Have you used this for a while?
00:32:47.740 What have you noticed after you used field of greens for a while?
00:32:50.760 Here's the biggest thing that I can tell you and your audience that I notice when I don't
00:32:55.640 take it.
00:32:56.060 When we travel and we don't take it, I feel like I've got brain fog and I'm just a little
00:33:02.000 more lethargic.
00:33:03.340 When I take it every day, I am ready to go, ready to go.
00:33:07.820 Your previous guest was 62.
00:33:09.580 I'm 62.
00:33:11.180 And I want to be that grandma that's jumping on the trampoline.
00:33:15.380 I want to have the energy.
00:33:17.240 And with field of greens, I get that energy.
00:33:22.320 Wow.
00:33:22.940 Amazing.
00:33:23.800 Shemaine, where do you have a social media account?
00:33:25.980 Where do you got no field of greens.com?
00:33:27.760 You put in a promo code, a war room, you get a discount.
00:33:30.600 Uh, where do people go to find out more about you and what you guys are working on?
00:33:35.260 My book, my brand new book, uh, abundantly well is available now on Amazon.
00:33:40.180 I'm back on Facebook.
00:33:41.720 I was hacked.
00:33:42.780 I'm back on Facebook and I'm on Instagram and truth.
00:33:47.380 And my website is shemaine.nugent.rocks, R-O-C-K-S.
00:33:55.640 Shemaine, thank you for joining us today.
00:33:57.540 Say hi to Ted.
00:33:58.780 I will.
00:33:59.440 Thanks, Steve.
00:34:00.120 God bless.
00:34:02.280 Two MAGA warriors right there.
00:34:05.060 Tough as boot leather.
00:34:07.600 Unbelievable.
00:34:09.380 By the way, the promo code is BANN.
00:34:11.420 Make sure you go there, get a big discount.
00:34:13.240 Field of Greens, start every day with it.
00:34:14.620 And I do it like, uh, Shemaine does.
00:34:16.200 We put it in the water.
00:34:17.740 After the hot cup of coffee, you put it right in the water.
00:34:20.260 Some people put it in the juice.
00:34:22.020 Uh, we've got a clip from our favorite, uh, Morning Joe.
00:34:25.160 Let's go ahead and, uh, let's go ahead and play the, uh, the clip from Morning Joe.
00:34:29.060 There's a small group, uh, now left that shares the president's view that with a few tariffs,
00:34:34.520 he can quickly remake the global economic order.
00:34:37.580 Peter Navarro is making that comment, that, uh, analysis.
00:34:40.460 Howard Lutnick, the commerce secretary as well.
00:34:43.960 But even many of Donald Trump's closest supporters, the people who funded his campaign on Wall
00:34:48.400 Street are saying, what are we doing here?
00:34:50.280 Yeah, we'll add Steve Bannon to the list of those who think that this is the right approach,
00:34:53.720 that this is the moment, uh, to, to really play tough, particularly with China, uh, but
00:34:59.160 to deliver these tariffs and to sort of force these companies to invest in the United States.
00:35:03.840 But we have heard from weeks now from economists saying that this doesn't really work anymore.
00:35:08.060 It's out of step with today's economy and it would take too long to do, meaning prolonging
00:35:12.480 this pain.
00:35:13.620 And a couple of things.
00:35:14.500 First of all, we have seen a split in sort of MAGA world.
00:35:18.420 We saw it early on immigration, uh, between, uh, uh, Steve Bannon and, um, and Elon Musk.
00:35:25.660 And, uh, and that got heated.
00:35:27.920 We're now seeing it, I think in an even more dramatic and possibly conclusive way, again,
00:35:35.080 between the Steve Bannon, uh, side, Peter Navarro side of the world.
00:35:39.520 By the way, Howard Lutnick wants to be treasury secretary based on everything I hear.
00:35:43.440 So, you know, the true believers, if you want to know who the true believers are, they are
00:35:47.660 Steve Bannon and they are Peter Navarro and they're Donald Trump.
00:35:51.200 Right.
00:35:51.520 So, but this blit is even dramatic.
00:35:54.400 That's, that's the first thing.
00:35:55.560 Second thing.
00:35:56.300 And I'm wondering if you had the same reaction I did.
00:36:00.280 We're so used to getting this sort of fire hose of falsehoods coming out of the white
00:36:07.060 house and the Trump campaign and everything that when you see something where you go, yeah,
00:36:12.920 he really means what he's saying right now.
00:36:14.920 It stands out.
00:36:16.100 And when that clip we showed of Donald Trump, where he said, listen, I'm the only guy who
00:36:23.480 would do this.
00:36:25.260 Nobody else like believes this, but me basically.
00:36:29.620 And he said, if I don't do it now, it's never going to get done.
00:36:34.280 That comes from a man who has had this as his driving ideological belief since 1987.
00:36:42.800 The United States is being taken advantage of our government officials, our suckers, and
00:36:49.500 he's the guy who can fix it.
00:36:51.340 I'm wondering whether you had the same reaction to me, say what you will about tariffs and
00:36:55.680 everything.
00:36:56.140 But he believed every word he said right there because he's been saying it since 1987.
00:37:03.260 He's been saying it since 1987.
00:37:05.200 He learned how to really the great Lou Dobbs, a giant who first started doing this on CNN
00:37:13.940 and really woke the nation up to what it really started happening in the early 70s when we
00:37:20.960 had our first in 1973, when we had our first trade deficit.
00:37:26.100 What a year 1973 was, by the way.
00:37:28.580 1973, that critical year, we had our first trade deficit.
00:37:36.560 It was Lou Dobbs that brought to people's attention.
00:37:38.840 Donald Trump as a young man and an entrepreneur in New York picked this up.
00:37:44.240 When Trump would go on television and start doing media that was not related to his, at
00:37:52.160 that time he was a real estate developer and then he got into gaming in Atlantic City.
00:37:56.640 But when I was at Goldman Sachs after coming out of Harvard in the 80s in investment banking
00:38:02.860 and finance, Trump was a real estate developer, but he was also on the society pages every
00:38:09.240 night.
00:38:09.600 That was that kind of roaring 80s.
00:38:12.740 And Donald Trump was a massive player in New York City on the social scene.
00:38:16.060 But when he started going on programs and talking about public policy and talking about the state
00:38:24.380 of the country, this is what he talked about.
00:38:28.140 And he could see it as Dobbs could see it.
00:38:31.360 And very few people were talking about what you had is you had the hostile takeovers by Mike
00:38:38.240 Milken and the guys at Drexel with the junk bonds.
00:38:40.600 And they were going after old industrial America, particularly in the in the Midwest and Wall
00:38:46.020 Street at the time was getting ready to shift those that were looking at taking industrial
00:38:51.060 America and shifting, shipping it to a lower cost place.
00:38:57.060 That would have been China.
00:38:58.540 At the same time, you have this whole NAFTA thing building.
00:39:02.040 NAFTA came in into the early 90s.
00:39:03.920 That was Bob Rubin that Peter Schiff just talked about, who was one of the I don't want to say
00:39:08.520 my bosses, he ran Goldman Sachs at the time on the trading side and a quite brilliant
00:39:12.980 guy.
00:39:14.200 But his he was secretary of the first National Economic Council and then secretary of the
00:39:18.740 Treasury under Bill Clinton.
00:39:20.640 They conceived of the whole, you know, NAFTA situation.
00:39:24.380 This was both the globalist Republicans and the Democratic Party.
00:39:28.620 At the same time, they backed the Chinese Communist Party in 89 after Tiananmen Square.
00:39:34.080 We're going to have this conference on the anniversary of Tiananmen that we try to have every
00:39:38.160 year.
00:39:39.720 At Tiananmen Square, the Bush regime, the Bush with Scowcroft in that crowd, the people
00:39:44.320 that supposedly Reagan's third term, they had essentially taken Reagan's second term
00:39:47.900 from him.
00:39:49.560 They backed the Chinese Communist Party and told him, hey, we're going to give you most
00:39:52.500 favored nation and world trade organization.
00:39:54.860 That went through the same sort of globalist and people that were turning the United States
00:39:59.340 into the financialization of our economy, the service economy, because they were going to
00:40:03.720 ship all the manufacturing out, out of the upper Midwest particularly.
00:40:07.260 That's where they're going to start in the South with the textile business and the clothing
00:40:13.080 business and out of places even like New York City, the garment district, all gone, all
00:40:17.500 shipped away because they promised a brave new world of services and financialization.
00:40:24.040 Well, guess what?
00:40:24.900 It worked for the elites, the people that conceived it and the credential class they built around
00:40:30.160 them of the MBAs and the law firms and the marketing groups and the communication groups,
00:40:34.980 all that crowd that goes to Davos.
00:40:38.120 They've done well.
00:40:39.940 The top one to three percent have now dominate on ownership of the assets of the country.
00:40:44.660 The credential class who are there, who are their lackeys all have pretty good paying jobs.
00:40:50.560 Now, they don't haven't been able to save any money.
00:40:52.460 They don't have a ton of assets.
00:40:54.220 They've got some that credential class, that whole middle class or working class, the Democratic
00:40:59.220 Party, abandoned.
00:41:02.800 This is to the core of President Trump.
00:41:05.240 That's why he said yesterday, not only is he the only one who could do it because of his
00:41:08.620 core belief, he's the only one that has the moral courage to do this and to stand with
00:41:14.300 that heat.
00:41:14.800 Think of the heat over the weekend.
00:41:16.060 And even now, he's bringing down the economy.
00:41:18.620 He's going to have a massive recession.
00:41:20.440 He's going to cause a depression.
00:41:21.480 This is the same individual when they stole the 2020 election and essentially ran him
00:41:29.900 out of town to go back to Mar-a-Lago.
00:41:34.060 If he had been a good little boy and played the game, they'd give him a big book deal.
00:41:38.840 They were allowed, you know, the big golf turner to start coming to his courses.
00:41:42.060 Everything had been fine.
00:41:44.240 His life would have been pretty good.
00:41:45.520 He made a conscious decision, understanding that the Jack Smiths of the world were out
00:41:53.460 there, that they would indict him and send him to prison, to die in prison.
00:41:58.220 They would bankrupt him and smear him and destroy his name and his reputation and his families
00:42:03.120 and all the people around him and his movement.
00:42:06.660 Remember those billboards?
00:42:07.820 Remember he told you to watch the film, The Lies of Others, about the Stasi in East Germany
00:42:13.480 and people writing on each other, the psychology?
00:42:16.160 That's what they were.
00:42:16.680 Remember those billboards after January and President Trump went back?
00:42:20.460 He made a conscious decision.
00:42:23.040 So Ed Luce, with all your knowledge and all that kind of Oxford, Cambridge, British intelligence,
00:42:30.820 you missed the point.
00:42:31.780 He's not a Roman emperor.
00:42:34.780 He's Cincinnatus.
00:42:36.000 He's the American Cincinnatus.
00:42:37.460 He came back from all that consciously, with intention, understanding that everything that was in front
00:42:46.720 of him, he was going to return to the White House.
00:42:51.740 And in returning to the White House, in those four years of knowledge and working and building
00:42:56.780 up cadres, building up teams, subject matter experts, that he was going to drop the hammer.
00:43:02.560 And the hammer he has dropped.
00:43:06.160 Don't think the hammer's dropped?
00:43:08.700 What do you think they're doing in Beijing right now?
00:43:10.840 What do you think those conference rooms in the Forbidden City are doing right now?
00:43:16.360 What do you think the Chinese Communist Party's doing, tearing their hair out, about how to
00:43:20.280 respond, not to an emperor, but to a leader of men and women, Donald Trump, who's dug in
00:43:27.740 on this.
00:43:28.760 Shirt break.
00:43:29.300 Are you a yo-yo dieter?
00:43:43.840 You diet, lose weight, but gain it all back, plus a few extra pounds for the effort.
00:43:49.160 Then later, you lose it again and regain it again and on and on and on.
00:43:53.480 I think I resemble this.
00:43:55.800 It's dangerous.
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00:46:07.540 Mike is going to another throat surgery.
00:46:10.420 And I understand this one's the final one, but he'll be out for a couple of days, the great Mike Lindell.
00:46:16.760 And I want to make sure everybody's prayers are with Mike.
00:46:19.240 I think this is the third or fourth surgery here in the last month or two on his throat.
00:46:26.440 Stephen A. Smith has just put out, I think, something that's quite important.
00:46:31.480 I want to make sure because I've been following this one closely.
00:46:33.400 Stephen A. Smith has said, this is a tweet that just popped.
00:46:38.400 Time to stop messing around.
00:46:40.560 Life is great, especially at ESPN Disney.
00:46:43.200 I hate the thought of being a politician, but sick of this mess.
00:46:48.420 So I'm officially leaving all doors open.
00:46:52.640 And he links to a story about Stephen A. Smith is open to running for president of the United States
00:46:58.840 and for the Democratic Party in 2028.
00:47:02.520 As I said, that's kind of that bracket.
00:47:04.140 You got the governor's bracket, and then you're going to have the, what I call the celebrities
00:47:07.640 or the all-other bracket, which has Mayor Pete Buttigieg.
00:47:11.860 It's going to have Mark Cuban.
00:47:13.920 It'll have Stephen A. Smith.
00:47:16.640 Who else will be over there?
00:47:17.820 Newsom, because Newsom's not going to run as a governor.
00:47:19.800 The California model not exactly working.
00:47:22.400 So he's going to go to, this is why the whole outreach of doing conversations with people on the right
00:47:27.820 on his podcast, there'll be many others over that.
00:47:31.540 The governor's bracket, as I said, Governor Polis, when I gave that rip on him in Colorado,
00:47:38.280 I don't think it'll be quite competitive because so much other radical stuff coming out of Colorado
00:47:43.540 we'll try to cover over the next couple of days.
00:47:46.720 President Trump is, though, once again, I should say, dug in.
00:47:50.300 I think the term is dug in on what he's doing as far as the trade goes.
00:47:58.980 And it's going to be dug in all, you know, for the next couple of days.
00:48:02.960 Tomorrow, actually, the reciprocity part, not the baseline, but the reciprocity is supposed to kick in tomorrow.
00:48:10.000 So we're going to be on standby for that.
00:48:12.280 Like I said, President Trump, this gets back to the core of why he ran for president.
00:48:17.360 This is one of his missions and mandates is to make America great again.
00:48:22.760 He doesn't believe he can make America great again until you return America as a manufacturing superpower.
00:48:29.980 And his way is to basically bend the world economic system to what's been the post-war international rules-based order,
00:48:36.960 which the American working, you know, put on his shoulder, the full faith and credit of all this.
00:48:42.440 I think, Peter, shift is correct.
00:48:44.720 I don't agree with him, obviously, on trade or his aspects of trade, but you're going to have a great debate tonight.
00:48:49.200 He's a really quite brilliant guy.
00:48:51.180 I do agree with him, and we'll get into this in the next couple of days.
00:48:54.800 I just don't understand this, you know, the reconciliation of it all.
00:48:59.180 I think it's now time we have to have an adult's conversation.
00:49:01.920 The war room posse is prepared to have it.
00:49:03.460 You know, you guys are doing so much, including backing Article 3 and what the guys are doing over there,
00:49:10.220 the men and women are doing over there to make sure that we have these, I think, bring up for impeachment a couple of these federal judges
00:49:17.440 to make sure that people understand exactly what they're doing, how radical they're being in trying to thwart President Trump.
00:49:26.060 But also, folks have to, I think, we've got to get in this reconciliation bill, which now they want to have a vote tomorrow.
00:49:32.380 I don't think that's going to happen.
00:49:34.200 I don't know.
00:49:34.880 I think there may be 40 or 50 votes in the House against it.
00:49:37.740 One, it's kind of confusing.
00:49:39.760 And to Peter Schiff, it's not sustainable.
00:49:41.420 President Trump's had such amazing clarity here in the world economic system and how it needs to be kind of reformatted to make sure that the Americans are not getting not just ripped off,
00:49:53.480 but the American workers not having it all based upon his shoulders, that we have to have the same type of clarity on the situation with our debt,
00:50:03.740 the refinancing of the debt, spending, and time now to talk about cuts.
00:50:07.940 Any of these two reconciliations and budgets that really don't talk about cuts, and as Peter Schiff said,
00:50:13.160 we've got to stop the nonsense of talking about 10 years.
00:50:15.560 I understand that that's part of a law that you have to do it, but it's also meaningless.
00:50:20.800 You have to talk about what you're going to do in fiscal 26.
00:50:25.060 And I'm still waiting for fiscal 25, folks.
00:50:28.180 Where are the impoundments?
00:50:29.280 Where are the rescissions?
00:50:31.560 Where's the fraud?
00:50:33.520 Where's stuff passed over to Justice Department, the FBI for the fraud?
00:50:37.160 We need to see this.
00:50:38.160 We need to see it now.
00:50:39.000 We've worked on this thing long enough.
00:50:40.500 We can at least get, there's been enough publicity, enough headlines, enough talk.
00:50:44.760 We need to see the reality.
00:50:46.380 We need to cut the 25 budget.
00:50:48.700 We agreed to the CR for one reason.
00:50:50.700 There were going to be impoundments and rescissions.
00:50:52.540 Where are they?
00:50:53.780 The 26 budget can't, the 26 budget, these budgets can't have two and a half trillion dollar deficits.
00:51:00.380 It's just mathematically not going to work.
00:51:02.640 Even with changing the world economic system and tariffs and trade, you can't, you can't use, eventually you're going to have to get to cut spending.
00:51:13.240 Tax Network USA, I want to make sure people go, particularly as the 15th comes upon us, the Ides of April come upon you.
00:51:19.980 Go to Tax Network USA, TNUSA.com.
00:51:23.280 Get banned and you get a free consultation.
00:51:25.500 Talk to the folks today.
00:51:26.560 If you have any fear, you don't quite understand what's going on, but particularly if you have a letter from the IRS, you have an option before you call the IRS, because you've got to make contact.
00:51:35.540 You have to make contact.
00:51:37.080 Talk to these folks first.
00:51:38.600 You get a free consultation.
00:51:39.840 You give them all, everything you've got, your letter, all that.
00:51:42.760 Have a talk with the people at Tax Network, TNUSA.com.
00:51:47.140 Also, Jim Rickards, maybe try to get Rickards on 6 o'clock tonight, talk about the pregame.
00:51:51.400 There's a debate at zero heads tonight at 7, Spencer Morrison against Peter Schiff, two opposing views, going to be fantastic.
00:52:01.540 Jim Rickards, RickardsWarRoom.com slash Bannon.
00:52:06.780 You get the free book, Artificial Intelligence.
00:52:09.520 That hour last night, shake you a little bit, should have.
00:52:12.700 We wanted to.
00:52:13.420 Okay, the great Charlie Kirk is next, two hours of populist nationalism here on Real America's Voice, followed by Poso, Jack Posobiec, Steve Gruber, Eric Bolling.
00:52:23.600 I will do the handover from Bolling today, 5 and 7 tonight, leading up to the debate on Zero Hedge.
00:52:30.380 We'll be back.
00:52:31.060 We're going to leave you now to jack you up off a magnificent classic novel.
00:52:37.140 Actually, not a novel.
00:52:38.200 It's actually new journalism.
00:52:39.420 The Right Stuff by Tom Wolfe, a fabulous movie by Philip Kaufman, a classic, and Academy Award-winning music by Bill Conte.
00:52:47.060 See you at 5.
00:52:56.700 The April 15th tax deadline is coming, and it's coming fast.
00:53:02.300 Do you have unfiled tax returns?
00:53:03.980 Can't pay the IRS?
00:53:05.300 The IRS is more than aggressive and more aggressive than ever.
00:53:09.420 And the longer you wait, the worse it gets.
00:53:11.700 Wage garnishments, bank levies, even property seizures are all on the table.
00:53:17.540 You need to get ahead of this, and you need to get ahead of it today.
00:53:21.320 But going up against the IRS alone is a big-time mistake.
00:53:24.940 Take my advice.
00:53:25.720 Call the experts at Tax Network USA.
00:53:27.920 They know the system.
00:53:30.280 They have an edge, a preferred direct line to the IRS.
00:53:33.240 They know which agents to deal with and which ones to avoid.
00:53:37.860 Whether you owe $10,000 or $10 million, their genius strategies are designed to quickly settle your tax problems in your favor.
00:53:47.780 Tax Network USA's attorneys and negotiators have already resolved over $1 billion in tax debt.
00:53:53.960 Let me repeat that.
00:53:54.820 They've already resolved over $1 billion in tax debt.
00:54:00.360 Tax Network USA can help you, too.
00:54:02.980 But you need to move.
00:54:04.000 You need to move fast because April 15th is already here.
00:54:07.420 Remember, if you get that letter, don't put it in the drawer.
00:54:09.660 It just metastasizes it.
00:54:11.600 Talk with one of our strategists today.
00:54:15.220 It's totally free.
00:54:16.840 Stop looking over your shoulder.
00:54:18.840 Stop the anxiety.
00:54:20.420 Stop the worry.
00:54:21.180 Put it all behind you.
00:54:22.940 Call Tax Network USA at 1-800-958-1000.
00:54:27.580 That's 800-958-1000.
00:54:30.320 Or visit tnusa.com slash Bannon.
00:54:33.800 That's Tax Network USA.
00:54:36.340 Go to tnusa.com slash Bannon.
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