Bannon's War Room - April 11, 2025


Episode 4405： Elites Are Underwriting The Failure Of The Future


Episode Stats


Length

55 minutes

Words per minute

176.74986

Word count

9,791

Sentence count

786

Harmful content

Misogyny

5

sentences flagged

Hate speech

17

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Stephanie Ruhle is taking a deep breath as she talks about the impact of the Trump administration's trade tariffs on the economy and the bond and stock markets. She also talks about China and its impact on the global economy.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 And I am Stephanie Ruhle, and I don't care if you need one, but I am definitely taking a deep breath right now.
00:00:07.460 I suspect you need one, too. It is day 81 of the second Trump administration, and we've got a lot of money, power, politics to talk about.
00:00:15.120 Look for historical parallel, and it's really, really hard.
00:00:18.020 The closest thing you can come to would be wartime, perhaps, perhaps, you know, getting into a war we didn't need to get into.
00:00:23.520 We could say Vietnam, we could say Iraq.
00:00:25.380 But outside of that, outside of a national security wartime kind of thing, I can't think of a president who has done more to undercut his own presidency so early, so dramatically, and affect so many other lives, right?
00:00:40.580 A lot of presidents make mistakes in their early days, although not usually in their second term.
00:00:44.860 They nominate somebody who gets in trouble.
00:00:47.480 There may be a scandal, something they forgot to tell us or they didn't want to tell us.
00:00:51.600 But I can't think of anybody who has done more to sort of sow worldwide uncertainty, you know, drain out literally trillions of dollars worth of market cap for all these companies,
00:01:03.660 essentially retirement savings for many Americans, not to mention the uncertainty in Washington where tens of thousands of people have suddenly been told they're out of a job,
00:01:12.540 and services are no longer going to be provided, that they had come to depend on and foreign aid to places that, you know, are suffering from disease and hunger.
00:01:22.300 So much has happened in just 11 weeks.
00:01:24.440 There is no parallel, I think, in American history.
00:01:27.660 Here's what I want to say.
00:01:29.440 It has been over a week since this trade disaster began.
00:01:33.280 And I have spent that week speaking to investors here and abroad.
00:01:36.900 And what I feel most tonight is scared, scared that what we are facing is a crisis of confidence, confidence in us, the United States of America.
00:01:49.180 And what I have not heard from any of the people that I speak to is exactly what might restore that confidence in the United States, at least not right now.
00:01:59.080 Yes, the markets rallied yesterday, but that is only because we avoided the 50 plus percent tariffs across the globe.
00:02:05.740 But the reality has set in today because we still have the rest of these tariffs and the markets continue to sink, both the bond and stock market, in part because the basis by which we're negotiating trade is not rooted in truth.
00:02:22.480 And for those who believe countries are scrambling to make a deal because they were so panicked about the enormous tariffs and now they're much lower, my question is, what is that deal?
00:02:31.140 What do you think the likes of Vietnam can do to erase our trade deficit? 1.00
00:02:36.960 You know what the answer is?
00:02:38.140 They can't.
00:02:39.620 And if you want to onshore all of our manufacturing, if you want to do that, what Peter Navarro talked about, what Howard Lettman talked about, you want to do that?
00:02:47.900 It'll take trillions of dollars and 20 years to reconfigure the global supply chain and bring it all home.
00:02:55.440 And for our allies in the West, those developed countries, they are certainly not rushing to partner back up with us.
00:03:03.720 Not with a U.S. president who goes on national TV laughing, saying they're all kissing my ass.
00:03:10.140 It is safe to say that the perch we and our American exceptionalism sat on, even a few months ago, has certainly been lowered.
00:03:21.120 We've got an agriculture secretary who tells us, build a chicken coop in your backyard because eggs are expensive. 1.00
00:03:27.500 We have a defense secretary sharing military secrets in a group chat.
00:03:31.980 We are potentially lawlessly firing thousands of federal workers and defunding science while we buy crypto.
00:03:41.340 We have lost an enormous amount of credibility and trust.
00:03:45.260 But what scares me is that every investor I speak to, even some who support this president, has given me the same message.
00:03:55.040 If the bond market continues to drop and drop and drop, you know where it goes?
00:04:01.660 It bankrupts the country.
00:04:04.460 Something Donald Trump knows a lot about.
00:04:07.260 Let me just say 90 deals in 90 days, biggest, broadest tax cut in American history, should be driving the tape.
00:04:15.800 That's what's going to be a bullish market.
00:04:18.340 And if you're not long, you're going to get left behind.
00:04:20.460 Now, China.
00:04:21.240 Let's talk a little bit about China.
00:04:23.520 The president has said several times now that he would love to hear from China to talk about where we're at.
00:04:32.220 And here's where we're at, Maria.
00:04:34.160 From our perspective, China's killed over a million Americans with deadly fentanyl and related drugs.
00:04:41.960 And it simply refuses to do anything about that.
00:04:46.440 Many of these people are prime age workers.
00:04:48.860 So they not only kill Americans, they're killing our workforce. 0.98
00:04:54.700 At the same time, as you know, Maria, and we talk a lot about this, since 2001, China has destroyed over 60,000 American factories and stolen over 5 million manufacturing jobs.
00:05:08.240 That's the state of play.
00:05:09.620 So all we're asking for is fairness.
00:05:12.640 So what's going to be the response?
00:05:13.900 If we've still got the antibodies to defend ourselves as a democracy, if our civil society is still working, if our legal profession is still on the job, what we ought to see here in response to this, in response to what will be not just these two guys being targeted, it'll be a dozen, it'll be a hundred, it'll be a thousand of these.
00:05:34.760 If Trump likes how this one goes and he hasn't stopped from doing it, what we ought to see here, if our democracy is still kicking, what we ought to see here is a battalion of the highest end lawyers in the country flooding in to provide Chris Krebs and Miles Taylor with free legal representation and with the kind of no holds barred, super aggressive legal fight that Judge Ludig is describing today.
00:06:01.700 Are we going to see it?
00:06:04.760 As the biggest, poshest, most powerful law firms in the country, even tonight, continue to suck up to Trump and promise to do him favors in exchange for him no longer criticizing them or threatening them?
00:06:17.480 Do we still have the juice as a country?
00:06:21.040 Are we still kicking?
00:06:23.340 Legal profession, you still there?
00:06:25.520 Are all the pretty words America's most prominent lawyers are famous for about the rule of law and no fear or favor, are all those just pretty words?
00:06:32.640 Are we going to see them show up?
00:06:37.400 Because time's up.
00:06:38.340 It is now.
00:06:39.700 Everything you were supposedly preparing for, it's here.
00:06:42.080 This is the primal scream of a dying regime.
00:06:50.640 Pray for our enemies.
00:06:52.640 Because we're going medieval on these people.
00:06:55.840 Here's the reason I got a free shot at all these networks lying about the people.
00:07:00.100 The people have had a belly full of it.
00:07:02.000 I know you don't like hearing that.
00:07:03.440 I know you try to do everything in the world to stop that, but you're not going to stop it.
00:07:06.120 It's going to happen.
00:07:07.360 And where do people like that go to share the big lie?
00:07:10.080 I wish in my soul, I wish that any of these people had a conscience.
00:07:17.620 Ask yourself, what is my task and what is my purpose?
00:07:21.340 If that answer is to save my country, this country will be saved.
00:07:27.680 War Room.
00:07:28.540 Here's your host, Stephen K. Band.
00:07:30.880 It's Friday, 11 April, year of early, 2025.
00:07:39.780 Of course, a total meltdown you heard by Peter Baker in the New York Times as President Trump reorganizes the global world order around an America first, an American citizens first.
00:07:51.220 And this is what you're seeing, that President Trump is doing it both geo-economically and geo-strategically.
00:07:57.340 And they don't like it.
00:07:59.020 They don't like it at all.
00:08:00.520 He's also engaged the country in something we need to engage with.
00:08:05.620 The Chinese Communist Party has been at war with the United States economically.
00:08:10.000 Cyber war, economic war, political warfare, psychological warfare.
00:08:15.440 It's called unrestricted warfare.
00:08:19.720 It's their doctrine.
00:08:21.660 They're proud of it.
00:08:22.420 Why?
00:08:22.720 Because after the Gulf War in the early 90s, they came to the conclusion they can't fight foreign devils mano a mano with modern technology because foreign devils are too far ahead of them. 0.96
00:08:33.680 We would be the foreign devils, by the way. 1.00
00:08:35.420 The foreign devils in the West were too far ahead of them on military technology. 1.00
00:08:39.220 So they would do everything else, unrestricted warfare to bring down the West. 0.81
00:08:43.260 And they've been at it for 20, 25 years, but particularly since May of 2019.
00:08:50.240 Take your number two prince of Latin, write down May of 2019.
00:08:53.340 That is the most important geopolitical month in the 21st century until President Trump came to office.
00:09:02.980 And what you've seen in the first, what is it, 80 days or so?
00:09:05.940 It's something that's absolutely extraordinary.
00:09:07.380 And Peter Baker is doing his job.
00:09:09.240 Peter Baker is the lead White House correspondent for The New York Times, the paper of record of The Globalist.
00:09:16.040 And, of course, they're not happy.
00:09:18.060 They're not happy at all because President Trump is reorganizing this around putting the country's interests first, not the globalist institutions and the globalist elites' interests first.
00:09:30.900 And he's putting American citizens first, not the globalists first.
00:09:34.940 And they don't like it because nobody's ever done that.
00:09:37.380 Even President Reagan is the greatest President Reagan was.
00:09:40.600 He had a different set of issues at the time.
00:09:43.460 President Trump came back after having the election stolen from him in 2020 and began a journey, a journey that you've been on.
00:09:51.400 You are his hoplites, right?
00:09:53.640 You are the trench warfare advocates and trench warfare activists.
00:10:03.300 They're at the tip of the spear in the MAGA movement.
00:10:06.220 You know, people come to me all day long behind the scenes.
00:10:08.880 Hey, we need the war room posse.
00:10:10.020 Focus on this.
00:10:10.640 We got this confirmation.
00:10:11.620 We need this.
00:10:12.080 We need this.
00:10:12.580 We need this.
00:10:13.180 Why?
00:10:14.440 You get people's attention.
00:10:15.580 You think we got five Supreme Court wins in a row until last night without putting pressure on people?
00:10:24.060 You'd be incorrect.
00:10:24.960 You absolutely did.
00:10:25.800 And the one last night is inserting, you know, the courts inserting themselves between President Trump being commander in chief and doing his duty as commander in chief.
00:10:36.220 And so the you see where the judiciary is coming out of some of this and it's going to be a fight.
00:10:41.260 Every one of these verticals is going to be a fight.
00:10:43.520 Every time, every part of the institution they're pushing back on is going to be a fight.
00:10:48.080 But lo and behold, lo and behold, we had a print this morning on the producer price index.
00:10:55.400 Dave Brat's going to join me in a moment.
00:10:57.640 And it was a incredibly low print.
00:11:00.260 So inflation is being tamed by President Trump.
00:11:03.220 Commodity prices are coming down because of President Trump.
00:11:06.220 Now, there are issues.
00:11:08.100 I don't say they're not issues.
00:11:09.880 Reorganizing the American – the world trading system around America first and bringing five million manufacturing jobs back, which they all say can't be done.
00:11:18.220 You don't want to build.
00:11:19.300 You don't want to make T-shirts in North Carolina.
00:11:24.260 Manufacturing is coming back to the United States.
00:11:26.420 This is the central economic issue and foundational element of President Trump's American economy.
00:11:35.140 We're just not going to be service industries because you can't.
00:11:38.680 Here's why you can't.
00:11:40.720 The model we have is not sustainable.
00:11:43.280 The reason I believe a big reason for the bond market, for people being questioning, is this reconciliation we passed yesterday with very few details about it other than the fact that we're not going to really cut spending.
00:11:57.680 The 1.7 – the 1.5 trillion that the House – they wouldn't even include it in language and the Senate is kind of tap dancing around and people are tap dancing around is over 10 years.
00:12:08.860 It shows you we're not serious about cutting spending.
00:12:11.220 And cutting spending, as we said, from – I'm going to pick a random date – February of 2021 when we, this show, nailed it more than any other business show, any other show on politics.
00:12:23.320 That said at the time the Biden stimulus program was going to cause massive inflation and stagflation, and it did both.
00:12:34.660 And the only reason the model continues to work, their model continues to work with massive Keynesian infusion of stimulus with $2 trillion a year in deficits.
00:12:46.580 It's not sustainable.
00:12:47.820 Their model is not sustainable.
00:12:49.440 President Trump's model is sustainable.
00:12:51.940 Why do you think the Chinese Communist Party is up in arms and trying to defeat it?
00:12:57.780 If it was so detrimental to the United States, if it was so beneficial to the rest of the world, why would they be fighting it?
00:13:07.600 They've gotten a free ride.
00:13:10.300 We underwrite all of their security.
00:13:12.920 It's the reason your defense bill is a trillion dollars.
00:13:16.780 We're being played for suckers.
00:13:18.700 You're underwriting the security, and you don't have a pension.
00:13:23.460 You don't have a 401K.
00:13:25.780 You've got a little bit of a tip money for Social Security that you put money in.
00:13:29.340 You get $1,000 a month back, and you get some Medicare.
00:13:32.500 You don't have any early retirement.
00:13:35.300 Five million manufacturing jobs have gone.
00:13:37.800 Nine million Americans are working at least two jobs today.
00:13:41.200 Sixty percent of Americans can't put their hands on $1,000 in cash in case of an emergency.
00:13:49.020 The elites have made paupers of the American people, and President Trump is saying, we've had enough of this.
00:13:55.560 The American people have stood on their feet in every crisis in the world to do more, to free more people in the world, and create more wealth for everyone in the world.
00:14:04.400 And guess what?
00:14:07.020 The time's now to take care of the American people. 0.64
00:14:10.300 And the folks that have created this system, that have benefited from the system, that have exploited and taken your wealth that you created, of course they don't like it.
00:14:21.860 Of course they're going to sit there every day and say how awful it is, how terrible Trump is, and how awful this MAGA movement is.
00:14:27.900 We don't care what they have to say.
00:14:32.980 Peter Navarro is correct, 90 deals in 90 days, and engaged now in the main event.
00:14:40.400 As Captain Finnell says, keep the main thing the main thing.
00:14:45.480 That is a confrontation, economically, politically, on cyber, hopefully not militarily.
00:14:52.260 But if it has to come to that, so be it, with the Chinese Communist Party.
00:14:57.900 You don't go out and buy a life jacket when the boat is already sinking, and you don't buy gold when the economy has already collapsed.
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00:16:11.040 The producer price index, the more wholesale side of the inflation equation, and they're big numbers, down four-tenths on headline, down four-tenths.
00:16:22.280 That would be equal to where we were in October of 23, and if we find a lower number, you're going all the way back to April of 2020 in the COVID-affected era, and that was down 1.2%.
00:16:34.820 Now, let's strip out food and energy, down one-tenth of a percent. 0.85
00:16:39.460 That equals where we were in February, equals where we were in July to find a lower number.
00:16:45.160 You're in April of 2020 at minus three-tenths.
00:16:48.960 If we look at X food, energy, and trade, it is up one-tenth, also much less than we were expecting.
00:16:56.040 Up one-tenth equals where we were in November of last year.
00:16:59.380 To find a bigger, smaller, negative number, you're in minus eight-tenths in April of 2020.
00:17:06.040 Now, let's look at year-over-year final demand, 2.7, well below our expectations of 3.3, well below 3.2 in the rearview mirror.
00:17:17.520 To find a lower number, you're in September of last year, September of last year.
00:17:22.700 So we see that this metric had been moving up.
00:17:25.220 Now it's moving back down.
00:17:26.660 If we look at X food and energy from a year-over-year perspective, 3.3, less than 3.4 in the rearview mirror, less than 3.6.
00:17:35.800 Expected, that equals September of last year to find a lower number.
00:17:39.520 You're in August of last year at 2.8, and drumroll please, the last metric of this PPI data series, year-over-year, X food, X energy, X trade, 3.4.
00:17:49.840 The only metric, higher than we were expecting by 1.10, higher than the rearview mirror by 1.10, 3.4 equals where we were in January to find a higher number.
00:18:00.180 You're in Dees of last year at 3.5.
00:18:02.800 Late revisions coming in on headline last month's zero on the final demand headline now moves to a positive 1.10, and it's now minus 4.10.
00:18:12.140 That means the net change is a half a percent lower, and on the X food and energy month-over-month, minus 1.10 becomes positive 1.10, so the net change is down 2.10 because the current number is down 1.10.
00:18:24.320 Maybe the biggest thing that should jump out at anybody is that last week, a two-year note yield closed, get this, at 3.66, it's at 3.83.
00:18:35.200 A 10-year closed at 4% last week, it's at 4.42 of 42 basis points.
00:18:41.940 Think about the ramification where it's 60 on the 2.10 spread.
00:18:45.700 Now, everybody's hair's on fire for all the uncertainty.
00:18:48.740 I understand it.
00:18:49.680 Hearing all the guests say this is the biggest move they've ever seen in treasuries and whatever, well, that's because we had thin markets and very thin hours where we had extremes.
00:18:58.340 Then the market comes into our own time zone.
00:19:00.540 You populate that with much more trading.
00:19:03.060 Here's the only thing that I look at.
00:19:05.180 I like to keep it simple, folks, and let's keep the emotions down.
00:19:09.080 The high yield closed for the year in twos, okay, that was at 4.38 on the 13th of January.
00:19:16.740 So that, we can see, has a flight-to-quality, flight-to-safety feature built in, maybe a Fed component built in.
00:19:24.680 Now, let's go up the curve.
00:19:26.260 On the 14th of January, a 10-year closed at 4.79.
00:19:31.060 A 30-year closed at 4.98.
00:19:34.160 Those closing yields are above where we're at now.
00:19:36.720 So if the world is so bad and treasuries are expressing everything's on fire,
00:19:41.000 why can't we get a higher yield close on the year versus where we were in January?
00:19:45.060 Those are numbers we should pay attention to.
00:19:49.480 Of course, Rick Santelli, once again, the great Rick Santelli,
00:19:53.160 counters 90% of the hair on fire that you see,
00:19:57.540 although the bond market gets a vote here and gets a big vote,
00:20:00.140 and they're going to get a huge vote on us running these massive deficits.
00:20:03.800 Dave Bratt, economist, the economist Dave Bratt, not the moral philosopher Dave Bratt.
00:20:08.760 That's pretty impressive numbers coming out of what President Trump's doing in his team, sir.
00:20:13.680 You wouldn't know that by watching the business.
00:20:16.920 All they're saying is that expectation, you know, people's inflation expectations.
00:20:21.240 I had the University of Michigan survey.
00:20:23.220 They're just – they're banging.
00:20:25.280 Anything to trash Trump.
00:20:26.640 They will pick any number possible paths to trash Trump except the big, meaningful numbers.
00:20:32.100 What do you got for it?
00:20:33.180 How do you interpret this, sir?
00:20:34.280 Yeah, well, the first thing is I just love Santelli.
00:20:38.200 You can just tell the guy is a truth detector, right?
00:20:41.040 The way he talks, he just spits it out.
00:20:43.280 You can't lie that fast.
00:20:44.760 The mainstream media is very clever in their language, right?
00:20:47.500 They're very good at lying.
00:20:48.740 They're sophisticated.
00:20:50.160 I read CNN on the PPI, and the market's anticipating some stuff,
00:20:54.660 but they can't anticipate other stuff due to Trump.
00:20:57.280 But bottom line, yeah, the PPI has gone down, right, 3-2 to 2-7 annually,
00:21:05.460 and that's a bellwether for retail prices and the CPI, the consumer price index, inflation.
00:21:11.900 So the PPI is on the producer side, but it's good news.
00:21:15.640 And in there you saw food prices are going down, oil prices are going down, energy prices are going down,
00:21:21.640 all great news, and yet when you look at the mainstream media, all you see,
00:21:26.100 I was on a show this morning, and they put up these huge, massive price increases.
00:21:31.080 Those are expected, likely written by the Lords of Easy Money Wall Street crew in order to drive a narrative.
00:21:40.640 Those are not actual real data that are coming out on prices.
00:21:44.800 There's no evidence of prices going up due to Trump's trade war, nothing yet, right?
00:21:49.140 It's like my favorite guy, Bob Gordon, on technology and AI.
00:21:52.680 He says, don't you see technology everywhere, Bob?
00:21:55.320 And he says, along with another Nobel guy, yeah, I see technology everywhere, just not in the data, right?
00:22:00.360 And so, yeah.
00:22:02.760 Hang on, hang on.
00:22:03.920 I want to say one thing.
00:22:05.380 I don't want to give the name of the show, but you were on, you're on Conservative Talk Radio.
00:22:09.700 Conservative Talk Radio is sitting there, their hair's on fire.
00:22:12.700 They're running around actually pitching the running dogs of Wall Street's pitch against President Trump's America First economic policies to bring jobs back here.
00:22:23.600 And my only point is, yo, you were the folks that kind of stood around and cheered while all this happened.
00:22:28.820 Hey, this thing, it didn't get gutted in the dark of night.
00:22:32.300 It got gutted in broad daylight with everybody sitting there and, quite frankly, the Republican Party cheering.
00:22:37.820 This is why on Capitol Hill, you've got these people behind the scenes all hate Trump and all hate Trump's economic policies.
00:22:44.920 That's why they're sitting there every day.
00:22:46.800 You've got to see the palace intrigue stories.
00:22:49.340 Peter Navarro is out and Scott Besson.
00:22:51.400 Hey, nobody knows Navarro and Besson better than me, right?
00:22:56.420 They're two good friends.
00:22:57.500 They're colleagues.
00:22:58.880 Scott's been on the show for a couple of years.
00:23:00.680 He's really got his start in talking to media, right, because he was a guy, he was a totally private guy.
00:23:07.820 He got to start talking on media here on the War Room, which is what we try to do, get people reps and get comfortable.
00:23:13.400 And you ask them questions and they got to answer on the spot.
00:23:16.740 Peter Navarro, you know, was a guy we brought in, Jared found, but I had known from his writings, Jared found, you know, back almost a decade ago.
00:23:24.900 Peter Navarro is very, very involved in making these deals.
00:23:27.880 And Peter Navarro, I tell people, Peter Navarro is a reflection of President Trump's natural instincts of how to bring jobs back here and bring manufacturing jobs.
00:23:37.720 And Trump's not backing off that.
00:23:39.360 Anybody thinks he's backing off it.
00:23:40.800 And Wall Street convinces themselves.
00:23:42.980 That's why they flood the zone, Dave, as you know, and you're on the show today.
00:23:45.600 And these are good guys, but they just spout the nonsense that comes out of Wall Street and comes out of the globalists.
00:23:53.900 Remember, the Wall Street crowd wants no borders.
00:23:58.000 They want no control of labor.
00:24:00.340 You saw it the other day when Elon said, oh, yeah, what, you know, he's telling the European crowd, he's talking to Salvini.
00:24:04.900 Yeah, what we want is really a zero trade pact with Europe, a trade pact with Europe with zero tariffs.
00:24:11.580 And what we want is you guys have absolutely free, you know, ability to come into the United States and take jobs.
00:24:17.660 No, that's exactly not what we want.
00:24:19.800 That's kind of the opposite of what we want.
00:24:21.480 And President Trump is going to enforce this.
00:24:23.960 President Trump is focused on bringing manufacturing jobs back.
00:24:27.420 And you can tell by the data you see today because they're hammering all these shows.
00:24:31.880 Inflation is out of control.
00:24:32.920 I go, what are you talking about?
00:24:34.320 PPI and – the wholesale prices are coming down and the retail prices are coming down.
00:24:40.980 And you're right.
00:24:42.000 You look at these shows and every chart is going through the roof.
00:24:44.520 I go, what are they looking at?
00:24:46.740 Who do they have?
00:24:48.620 Dave Bratt, your thoughts.
00:24:51.440 Yeah, well, the cold open lately, they've just been outstanding.
00:24:56.180 The shows over the past couple weeks have just been outstanding.
00:24:59.760 But one of the talking heads is screaming about a crisis in confidence and a crisis in confidence with respect to the truth.
00:25:06.860 Yes, from the mainstream media and these Wall Street folks.
00:25:11.240 And when I – you know, I speak in general – when I'm pinging billionaires, I'm talking about the Magnificent Seven.
00:25:17.460 There's billionaires in the manufacturing sector who are great patriots.
00:25:20.840 So it's kind of like, you know, China and the CCP.
00:25:24.300 But these guys, this truth issue is serious.
00:25:28.180 And the Wall Street Journal and these folks, they're losing their credibility by the second.
00:25:32.240 Then Rachel Maddow comes in with a violin crying again. 0.78
00:25:35.700 And, oh, you big law firms, don't you care about any of these, you know, beautiful words called rule of law and all these beautiful things you learn in law school?
00:25:44.920 Well, Rachel, you got to be kidding.
00:25:48.920 Coming from the left, once you get rid of God, the truth is right there with it, right?
00:25:54.440 There goes the truth, and there go all your beautiful words.
00:25:57.220 So if you want to reconstruct the beautiful words, Rachel, let's get back at it.
00:26:01.860 And, you know, I think it was Dostoevsky or something like that.
00:26:05.240 He said, you know, once God is gone, everything is permissible, right?
00:26:10.700 And so I'd recommend that to Rachel and then maybe Kierkegaard, build your faith in fear and trembling.
00:26:16.040 That might help out the left a little as well.
00:26:19.020 I knew I was going to have you on here to be the economist today, and you were going to go morpher.
00:26:23.980 You're going to talk Kierkegaard.
00:26:25.300 I knew you got Dave Brett down.
00:26:26.880 Hang on.
00:26:27.820 No, what she's talking about, and we'll play that clip.
00:26:30.700 I want to tee the audience up.
00:26:32.340 What she's talking about is Mike Davis is going to come on.
00:26:36.120 There's an amazing piece in Politico.
00:26:38.840 Yes, I did say that.
00:26:39.840 It's an amazing piece in Politico, and it's about Trump and the institutions and how the institutions are –
00:26:45.680 President Trump is confronting these American institutions built by Americans over many, many decades that have turned on the American people and really represent globalist interest.
00:26:55.920 And from the law firms to the universities, I've got a whole other punch list we've got to expand there like the banks.
00:27:02.180 And President Trump is taking them on, and they're cratering.
00:27:05.960 And Rachel Maddow, like her or not like her, she is ahead of the curve.
00:27:09.960 She sees where this is going, and she puts out basically a cry for help.
00:27:14.320 As yesterday, President Trump or the day before had that executive order he signed on Krebs in the voting machines, and Tulsi Gabbard came at the same time.
00:27:24.200 He says, hey, over DNI, I think we've got some evidence there was messing with voting machines.
00:27:29.220 That will shake them all up.
00:27:30.480 And I say that as a guy that – as people know, I'm not a machine guy here.
00:27:34.080 I'm a mail-in ballot to how they stole it.
00:27:35.680 However, those machines, there's something up on – I've always been suspicious.
00:27:40.520 It looks like that whole narrative is about to change, and Rachel Maddow is pleading on her show to have the cavalry come and save them from Trump.
00:27:49.900 Okay, we've got more economics.
00:27:51.660 It's one of the reasons the bond market, I think, is kind of dicey right now, and gold's at $3,200.
00:27:58.100 Yes, you heard that.
00:27:58.960 In fact, $3,250.
00:28:01.140 The reason is we'll explain it in a moment with Dave Brett from Liberty University.
00:28:11.740 You wish you could have invested in the stock market last year when investors scored the highest profits in decades?
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00:29:22.740 That's donewithdebt.com.
00:29:25.960 Here's your host, Stephen K.
00:29:28.080 Bannon.
00:29:30.900 Biden would have killed for these numbers.
00:29:34.460 Biden would have killed for these numbers.
00:29:35.960 And it shows you President Trump's economic plan is starting to unfold.
00:29:38.760 His economic plan isn't going to cause turbulence.
00:29:42.300 This is why we told you we're going to go through turbulence.
00:29:44.500 And we've been talking for years about the end of the dollar empire.
00:29:47.580 And, you know, we conceived this with the guys at Birch.
00:29:50.580 Gold's at $32.50.
00:29:52.600 Let me repeat that.
00:29:54.000 Gold's at $32.50.
00:29:56.180 Number one, people are looking for a hedge.
00:29:58.500 Central banks are looking for a hedge.
00:30:00.160 It's time now for you to get as knowledgeable as the central banks, and you can do it by watching the war room and also going to get all the free information we put on Birch Gold.
00:30:10.220 This is why we do it, and this is why we make it free.
00:30:12.160 We want to make sure we school – we learn you up.
00:30:14.920 We get you up the learning curve.
00:30:16.220 Why?
00:30:16.580 Because if you're up the learning curve, you're a much more powerful actor on this stage of global politics than supporting President Trump.
00:30:26.360 You're just not repeating memes all the time.
00:30:28.440 You actually say, hey, I can think this through.
00:30:29.940 I see exactly what's going on.
00:30:31.580 Listen, we're going to have a good old throwdown on this reconciliation bill.
00:30:36.700 So I can tell you that's coming.
00:30:39.900 Who tells me it's coming?
00:30:40.940 I think part of this bond market revolt is due to that, and the bond market is going to get a vote on this.
00:30:47.420 Why is the bond market going to get a vote on this?
00:30:49.720 Dave Brack can tell you because we have to finance, refinance, I don't know, $10 trillion of government securities every year.
00:30:57.440 Scott Besson's got to do this.
00:30:59.040 The reason everybody got all worked up the other day is because the bond market kind of froze in the morning,
00:31:03.780 and Scott had to make sure they had a treasury auction of 10 years and went fine.
00:31:09.800 It was oversubscribed.
00:31:10.920 But Ray Dalio has told you, as much as I'm not a fan of Ray Dalio's about China, he told you,
00:31:16.680 you have a failed treasury auction in the future that could trigger some bad things.
00:31:21.980 And here's the reason.
00:31:22.740 We got $37 trillion in debt, and it's adding all the time, and that reconciliation bill I think is only going to add to it.
00:31:29.220 We're going to get to that here in a moment, the real crisis, I think.
00:31:32.820 Which is inextricably linked to this war with the Chinese Communist Party.
00:31:37.300 But President Trump, the reason they're hating on him, the reason Jamie Dimon and all these guys go on TV and hating on him,
00:31:44.780 the New York Post has got it.
00:31:46.000 Gasparino's got the scoop.
00:31:47.280 Dave Brack, President Trump is what I've been a big advocate to do.
00:31:51.080 Let's get to the banks now.
00:31:52.340 Let's get to the hedge funds.
00:31:53.480 You've got the law firms.
00:31:56.280 You've got the universities.
00:31:57.160 Although we haven't gone to the state ivies, which I still say you have to do.
00:32:01.160 But it's time now to get to the banks.
00:32:03.500 And what is President Trump?
00:32:04.560 The New York Post, Gasparino's got a big scoop.
00:32:07.020 President Trump's going to do what to the banks?
00:32:08.720 And they're not liking it at all.
00:32:09.940 These money-centered banks are living like fat cats.
00:32:12.380 They bought the investment banks.
00:32:14.300 They're skimming everything off the top.
00:32:16.560 What they don't want to do, Dave, is actually lend money to American entrepreneurs and small business.
00:32:22.400 And they hate that, right, because that's MAGA.
00:32:25.120 Tell me what President Trump's going to do, sir.
00:32:28.620 Yeah, well, what Trump's going to do is in stark contrast to Biden, who basically left these big banks, right,
00:32:34.860 it all goes back to Glass-Steagall and some legislation in the 90s, which let these giant banks,
00:32:40.480 who have, you know, massive balance sheets, allowed them to do what the small banks can't do.
00:32:47.560 And then they got profitable with all the hedge funds and all that.
00:32:50.160 Now, Trump is saying, hey, no, you got this in reverse.
00:32:53.460 You guys got the big balance sheets, and the small banks, you may not like them.
00:32:58.260 They may not be as profitable, you know, per unit or whatever.
00:33:00.860 Tough luck.
00:33:01.880 We give you certain legal status and whatever in law, and you're going to start loaning out to the small guy again.
00:33:07.960 And so the big banks are going to recoil, right?
00:33:10.160 And I think Charlie roughly said, if you just want to go to be hedge fund, then just go be Goldman Sachs.
00:33:15.620 But in essence, Trump is just one step after the other.
00:33:20.200 And the mainstream media and all the cronies in the press cannot get this story straight because they don't want to see it.
00:33:26.060 Trump is helping the small guy in every single story we're doing.
00:33:29.600 That's what he's doing systematically.
00:33:31.080 No, this is what they hate.
00:33:36.320 You know, one of the folks in the interim room that's always on top of things said, hey, you can tell in the open that they're going down swinging, that the globalists are going down swimming, and they're cornered like a rabbit animal.
00:33:49.460 Now it's just personally attack on Trump, personally attack on Trump.
00:33:52.380 It's only going to get worse.
00:33:53.440 Everything he's reorienting is to put America first, and it's not America only.
00:33:59.820 It's America first and American citizens first. 0.96
00:34:03.560 People miss sometimes the second part of that.
00:34:05.680 It's to put American citizens first, the little guy, the forgotten man and woman. 0.97
00:34:10.020 That would be you, that the whole burden rests on your shoulders.
00:34:14.520 You're the one that pays for everything.
00:34:16.160 You're the one that does everything.
00:34:17.600 You're the one that volunteers for everything.
00:34:18.940 It's your sons and daughters or yourself back in your early days that volunteered as a patriot to defend this nation, defend the republic all over Hell's Half Acre, right?
00:34:30.000 So, and you guys, it's for decades.
00:34:33.140 Here's your host, Stephen K.
00:34:35.260 Bannon.
00:34:38.320 Biden would have killed for these numbers.
00:34:41.640 Biden would have killed for these numbers, and it shows you President Trump's economic plan is starting to unfold.
00:34:46.320 His economic plan isn't going to cause turbulence.
00:34:49.500 This is why we told you we're going to go through turbulence, and we've been talking for years about the end of the dollar empire, and we conceived this with the guys at Birch.
00:34:57.780 Gold's at $32.50.
00:34:59.820 Let me repeat that.
00:35:01.200 Gold's at $32.50.
00:35:03.380 Number one, people are looking for a hedge.
00:35:05.740 Central banks are looking for a hedge.
00:35:07.900 It's time now for you to get as knowledgeable as the central banks, and you can do it by watching the war room and also going to get all the free information we put on Birch Gold.
00:35:17.260 This is why we do it, and this is why we make it free.
00:35:19.380 We want to make sure we learn you up.
00:35:22.120 We get you up the learning curve.
00:35:23.500 Why?
00:35:24.980 Because if you're up the learning curve, you're a much more powerful actor on this stage of global politics than supporting President Trump.
00:35:33.160 You're just not repeating memes all the time.
00:35:35.640 You actually say, hey, I can think this through.
00:35:37.140 I see exactly what's going on.
00:35:38.800 Listen, we're going to have a good old throwdown on this reconciliation bill.
00:35:43.900 I can tell you that's coming.
00:35:47.100 Who tells me it's coming?
00:35:48.140 I think part of this bond market revolt is due to that, and the bond market is going to get a vote on this.
00:35:54.640 Why is the bond market going to get a vote on this?
00:35:56.920 Dave Brack can tell you because we have to refinance, I don't know, $10 trillion of government securities every year.
00:36:04.640 Scott Besson's got to do this.
00:36:05.920 The reason everybody got all worked up the other day is because the bond market kind of froze in the morning, and Scott had to make sure they had a treasury auction of 10 years.
00:36:16.300 It went fine.
00:36:16.980 It was oversubscribed, but Ray Dalio has told you, as much as I'm not a fan of Ray Dalio's about China, he told you, you have a failed treasury auction in the future.
00:36:26.420 That could trigger some bad things, and here's the reason.
00:36:29.900 We got 37 trillion in debt, and it's adding all the time, and that reconciliation bill, I think, is only going to add to it.
00:36:36.420 We're going to get to that here in a moment, the real crisis, I think, which is inextricably linked to this war with the Chinese Communist Party.
00:36:44.520 But President Trump, the reason they're hating on him, the reason Jamie Dimon and all these guys go on TV and hating on him, the New York Post has got to gas bringers, got to scoop Dave Brat.
00:36:55.840 President Trump is what I've been a big advocate to do.
00:36:58.200 Let's get to the banks now.
00:36:59.560 Let's get to the hedge funds.
00:37:02.200 You've got the law firms.
00:37:03.500 You've got the universities, although we haven't gone to the state ivies, which I still say you have to do.
00:37:08.360 But it's time now to get to the banks.
00:37:10.700 And what is President Trump?
00:37:11.760 The New York Post, gas bringers, got a big scoop.
00:37:14.200 President Trump is going to do what to the banks, and they're not liking it at all.
00:37:17.160 These money-centered banks are living like fat cats.
00:37:19.580 They bought the investment banks.
00:37:21.500 They're skimming everything off the top.
00:37:23.200 What they don't want to do, Dave, is actually lend money to American entrepreneurs and small businessmen.
00:37:29.800 They hate that, right, because that's MAGA.
00:37:32.320 Tell me what President Trump is going to do, sir.
00:37:33.840 Yeah, well, what Trump's going to do is, in stark contrast to Biden, who basically left these big banks, right, it all goes back to Glass-Steagall and some legislation in the 90s, which let these giant banks, who have, you know, massive balance sheets, allowed them to do what the small banks can't do.
00:37:54.340 And then they got profitable with all the hedge funds and all that.
00:37:57.440 Now, Trump is saying, hey, no, you got this in reverse.
00:38:00.640 You guys got the big balance sheets, and the small banks, you may not like them.
00:38:05.460 They may not be as profitable, you know, per unit or whatever.
00:38:08.060 Tough luck.
00:38:09.080 We give you certain legal status and whatever in law, and you're going to start loaning out to the small guy again.
00:38:15.160 And so the big banks are going to recoil, right?
00:38:17.360 And I think Charlie roughly said, if you just want to go to be a hedge fund, then just go be Goldman Sachs.
00:38:22.820 But in essence, Trump is just one step after the other.
00:38:27.400 And the mainstream media and all the cronies in the press cannot get this story straight because they don't want to see it.
00:38:33.280 Trump is helping the small guy in every single story we're doing.
00:38:36.800 That's what he's doing systematically.
00:38:41.320 No, this is what they hate.
00:38:43.480 You know, one of the folks in the engine room that's always on top of things said, hey, you can tell in the open that they're going down swinging,
00:38:52.200 that the globalists are going down swimming, and they're cornered like a rabbit animal.
00:38:56.520 Now it's just personally attack on Trump, personally attack on Trump.
00:38:59.580 It's only going to get worse.
00:39:01.360 Everything he's reorienting is to put America first.
00:39:05.520 And it's not America only.
00:39:06.980 It's America first. 0.94
00:39:08.940 And American citizens first. 0.86
00:39:10.760 People miss sometimes the second part of that.
00:39:12.740 It's to put American citizens first, the little guy, the forgotten man and woman. 0.97
00:39:17.380 That would be you, that the whole burden rests on your shoulders.
00:39:21.720 You're the one that pays for everything.
00:39:23.360 You're the one that does everything.
00:39:24.800 You're the one that volunteers for everything.
00:39:26.240 It's your sons and daughters or yourself back in your early days that volunteered as a patriot to defend this nation,
00:39:33.300 defend the republic all over hell's half acre.
00:39:35.560 And you guys, it's for decades and decades and decades.
00:39:40.860 It would just reach the point.
00:39:42.020 It can't continue.
00:39:43.640 It can't continue.
00:39:45.420 Something's got to stop.
00:39:46.580 That's why Trump ran for president.
00:39:48.540 Trump ran for president that I'm bringing jobs back, these trade deals, everybody's ripping us off.
00:39:52.840 And you've had a mass migration now.
00:39:54.860 This is about yesterday on the show.
00:39:56.340 And I did some work last night before I gave a talk last night to a group.
00:40:00.660 I did some work on this thing about getting an investigation going of how did they organize 10 million people to invade our border, 0.71
00:40:09.580 and now it's going to cost us $170 billion to get it off.
00:40:13.960 I want to go back to that, this reconciliation bill.
00:40:17.680 One of the reasons the – and the bond market is going to have a vote on this.
00:40:21.160 We're pretty good at predicting the future or just – it ain't that hard.
00:40:25.280 Just look down the critical path and you see what's got to happen.
00:40:27.500 Write this down with your number two principle.
00:40:30.600 Bond market gets a vote, OK?
00:40:32.720 The bond market is going to get a vote when everything is exposed because it's all got to be exposed when we get into this reconciliation.
00:40:40.500 And we got to stop the fantasy thinking.
00:40:42.520 This is not fantasy football.
00:40:44.220 This is reality.
00:40:45.680 And there's some fantasy going on.
00:40:47.260 I want to start with – and, Brett, I'll toss it to you for this article that's quite frankly amazing because it just lays it out.
00:40:54.060 When they talk about $1.5 trillion in cuts, a tree in here, ba-bing, ba-bang, ba-bung, that's over a 10-year period.
00:41:01.400 I keep saying it because there is a regulation that when they roll these things out, they got to talk in 10 years.
00:41:06.380 Part of that is to give them cover so they don't have to make tough calls today and they can just kick the can down the road.
00:41:13.580 And they sit there and when McCarthy did it, people would call me and go, how could you possibly oppose this?
00:41:18.840 There's so many conservative wins in here.
00:41:20.560 I go, give me a win, name one.
00:41:23.120 They go, with this program, this program.
00:41:24.620 I go, it doesn't kick in for years.
00:41:27.260 What kicks in is he uncapped.
00:41:29.520 He took the lid off the debt ceiling and kicked it two years down the road.
00:41:33.540 You gave him an additional year that Biden didn't even want to take it out of the national election.
00:41:37.240 You kicked it down and what did Biden do?
00:41:39.340 Ran up, I don't know, $6, $7, $8 trillion.
00:41:42.220 This is what happened.
00:41:43.420 And now that's all money spent.
00:41:45.500 It didn't go into capital equipment or plant.
00:41:47.580 It went into operating expense and now you're left stuck paying for the bill.
00:41:52.220 And it gets harder and harder.
00:41:53.620 Inflation is now embedded because Scott Besson has got to go out and raise $10 trillion a year of government securities.
00:42:01.060 Dave, Brad, talk to me about the phoniness of these budget cuts.
00:42:04.600 Well, the phoniness is embedded in one story.
00:42:09.740 These group of rhino senators who are trying to keep Biden's green stuff. 0.99
00:42:15.640 But let's just get to the headline for the big numbers in that article.
00:42:19.940 And so it's from, I think it's from kind of a center-left group, maybe even a center for budget control.
00:42:25.540 But they're right on the numbers.
00:42:27.340 So 1.5 or 1.8 trillion in cuts over 10 years.
00:42:32.220 And that's if you believe that, right?
00:42:34.580 Thune was having a hard time saying that in public over 10 years.
00:42:37.860 That's $100 billion a year or whatever, right?
00:42:40.760 Versus $86 trillion in spending over 10 years.
00:42:45.520 So 1.8 trillion cuts, 86 trillion spending.
00:42:50.540 1.8 is about 2.3% of that 86 trillion.
00:42:55.860 So we're talking nothing.
00:42:57.040 And I don't even think you get to the 1.8 trillion in cuts, right?
00:43:00.860 The best indicator every single year is whatever we're doing this year, whatever we're spending this year.
00:43:07.380 So we do another Biden-Pelosi budget.
00:43:09.820 That's what you're going to get for the next 10 years.
00:43:14.580 The – this is the point.
00:43:17.740 Over the 10 years, repeat that.
00:43:19.400 It's $86 trillion in spending.
00:43:22.040 Yeah.
00:43:22.400 Is that correct, Dave Brett?
00:43:24.020 80 –
00:43:24.860 What if he had the brightest mind in the war room delivering critical financial research every month?
00:43:31.140 Steve Bannon here.
00:43:32.280 War Room listeners know Jim Rickards.
00:43:33.960 I love this guy.
00:43:35.360 He's our wise man.
00:43:36.380 A former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital markets.
00:43:43.020 Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual number itself.
00:43:51.700 Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.
00:44:00.100 His latest book, Money GPT, exposes how AI is setting the stage for financial chaos, bank runs at lightning speeds, algorithm-driven crashes, and even threats to national security.
00:44:11.660 Right now, war room members get a free copy of Money GPT when they sign up for Strategic Intelligence.
00:44:17.800 This is Jim's flagship financial newsletter, Strategic Intelligence.
00:44:23.160 I read it.
00:44:24.180 You should read it.
00:44:25.260 Time is running out.
00:44:26.100 Go to RickardsWarRoom.com.
00:44:27.940 That's all one word, Rickards War Room, Rickards with an S.
00:44:31.300 Go now and claim your free book.
00:44:33.760 That's RickardsWarRoom.com.
00:44:36.280 Do it today.
00:44:38.020 Here's your host, Stephen K. Mann.
00:44:40.600 He's trying to change the world order to make sure that the American citizen comes first on everything to deal with the United States of America and that America comes first. 0.89
00:44:52.020 There's massive resistance to this.
00:44:54.000 Of course there's massive resistance.
00:44:55.740 We've allowed a globalist system to develop over the last 40 or 50 years in which they've accreted all the value to themselves.
00:45:03.560 We could walk you through the math, but you don't need to just look around.
00:45:06.840 You can tell that, that the middle class in this country, even people with good-paying jobs, you get laid off in a tight job market, 90 days, you're not doing good.
00:45:16.620 You're not sleeping at night.
00:45:17.620 You're worrying.
00:45:19.880 That's what President Trump's trying to break that system and bring back the high-value-added manufacturing jobs here and to recreate what we have to borrow. 0.97
00:45:28.720 And people say, that's just nostalgia.
00:45:30.000 It's not going to happen.
00:45:30.800 Says who? 0.65
00:45:31.320 Is it some second law of thermodynamics?
00:45:33.700 Is there some natural property in the universe that caused this?
00:45:37.880 No, it did not.
00:45:39.520 No, it did not.
00:45:40.360 Just like the situation on the southern border, as Ben's been worked through last night.
00:45:46.560 This thing was all architected by human beings.
00:45:48.740 I can see how the system evolved and what they did to maximize you guys defending them, you guys underwriting with your taxes and your retirements to pay for it all, and that you and your children provide the defense for it.
00:46:02.640 Guess what?
00:46:03.020 That's stopping.
00:46:04.600 That's ending, and they hate it.
00:46:06.780 They love the free ride.
00:46:07.780 Of course they love the free ride.
00:46:11.880 Brad's going to stick with me for the next hour, and we're going to bring in Mike Davis, the vice-rory, because the political has got this story about the institutions.
00:46:18.580 And I think it's fantastic.
00:46:20.120 Mike Davis has got an amazing analysis.
00:46:21.940 He's in the story.
00:46:24.060 But it's about Boris and Miller and the people over these years from 21 who thought through, hey, how you have to go after the institutions.
00:46:32.180 And we've talked here about this all the time.
00:46:34.960 And I think it ought to actually go to phase two to expand to the state public ivies and to the banks and to the hedge funds and to the investment banks.
00:46:43.420 Like they said in Godfather, hey, let's get them while we're strong.
00:46:50.200 Let's hit them while we're strong.
00:46:52.100 I think it was Frankie Pantangelo.
00:46:54.260 Remember, all lessons in business come from the Godfather.
00:46:57.320 Jillian Barbary, done with debt. 0.99
00:46:58.960 This is one of the issues here.
00:47:00.820 They're, I don't know, 5% of credit cards are past due.
00:47:05.040 People are having to pay, you know, the 9 million people that have two jobs.
00:47:09.360 People are using credit cards to gap to pay for the monthly expenses, and that's where they get ahead of it.
00:47:14.400 And the credit card companies are, you know, they're a group without pity.
00:47:18.900 They look at this.
00:47:19.420 This is why you need a group like done with debt.
00:47:21.580 Walk me through exactly what the guys have done with debt.
00:47:24.480 If you've got a problem, what do you do?
00:47:27.220 I think what people want to know in the audience is what do I have to do to find out how these guys operate, what they're going to do for me before I make any commitments?
00:47:34.700 What are they going to do?
00:47:35.700 So why don't you walk us through it?
00:47:36.780 You know, it's almost like having your own team of Michael Corleone's, if you will.
00:47:42.300 Greatest movie ever.
00:47:44.600 They're going to go in there for you, and they are going to just stand in defense.
00:47:49.900 They're going to cut those nasty calls, those letters that come.
00:47:54.060 Done with debt is a company that right now, especially you mentioned the middle class, really feeling it.
00:48:00.100 People that have had jobs carrying two jobs just to cover the mortgage.
00:48:03.940 Kids are going off to college.
00:48:05.100 They are in trouble.
00:48:07.580 Sometimes it's disease.
00:48:09.220 Sometimes it's, you know, just life hits you.
00:48:12.560 And when it does, and it can, and it hits you in the pocketbook, you are stuck.
00:48:18.760 And all the bills add up quickly.
00:48:20.680 So what done with debt will do, they will put you on a course of action that's going to guarantee that your future is going to be bright again.
00:48:31.040 They're going to get you on track.
00:48:32.320 How do they do that?
00:48:33.680 Exactly what you're saying.
00:48:35.160 They know all of the deals with the credit company, credit card companies, the banking institutions.
00:48:39.560 They work with them.
00:48:40.840 Some people will wipe out your debt entirely for certain, you know, on certain cards or take pennies on the dollar.
00:48:46.840 There are so many things that they can do for you to stop that immediately overnight, all the nasty calls and letters, and then put you on track.
00:48:56.680 You have to call them, though, or go to donewithdebt.com.
00:48:59.500 It's the first step.
00:49:01.580 Because you always mention, Steve, time is not on your side.
00:49:04.480 It's on the credit card company side because every time it comes up in the roster, a little more money goes on it for them, not for you, right?
00:49:14.000 So if you are in this position right now.
00:49:16.400 Here's the thing.
00:49:17.380 The interest continues to accumulate.
00:49:20.380 So that means the face amount is going to accumulate.
00:49:21.980 These guys may be able to.
00:49:23.560 I'm not promising.
00:49:24.260 You've got to talk to them.
00:49:25.620 You know, maybe not just cap the interest payments.
00:49:28.480 Maybe even cut the face amount and work out all kind of restructurings.
00:49:31.380 Here's the thing.
00:49:32.000 A lot of people think, well, if I get in that much trouble, I can just go BK and then screw the credit card companies.
00:49:36.680 It ain't that easy.
00:49:37.680 And that BK sticks with you for a while, right?
00:49:40.280 It sticks with you.
00:49:40.940 If you try to get a car loan, you try to sign an apartment.
00:49:44.020 It's not just buying a house.
00:49:45.420 It sticks with you.
00:49:46.400 There are other alternatives.
00:49:48.220 My point to this, the reason I love donewithdebt, go to them and see what the alternatives are before you make any decisions.
00:49:55.040 They'll walk you through it.
00:49:55.900 But what you can't do under any situation is just let the letter or the credit card, you put it in the drawer, that cancer is metastasizing.
00:50:03.820 It's not going away.
00:50:05.020 You have to address it, just like the IRS.
00:50:07.320 The anxiety, I realize people want to say, well, I don't want to do it.
00:50:10.160 I can't, you know, I'll do, I'll pull a Scarlett O'Hara and I'll deal with it tomorrow.
00:50:14.640 You can't deal with it tomorrow.
00:50:15.700 You got to deal with it today, Jillian.
00:50:18.100 That's right.
00:50:18.640 And the quicker you do, the faster you're going to get back on track.
00:50:22.420 And remember, the first call, they'll give you a consultation for free.
00:50:26.000 And I have the number for you today, Steve.
00:50:27.780 It's 888-324-1054.
00:50:31.540 324-1054.
00:50:33.560 Because they will talk to you.
00:50:35.620 The first call is so incredible because if you do decide to join up with them with that, you're going to feel it overnight.
00:50:43.580 It happens automatically that everything stops and your head clears and you have a team.
00:50:48.940 You get that Zen moment.
00:50:53.260 Jillian, one more time.
00:50:54.620 Website and number.
00:50:56.120 I need people to make contact today if you've got a problem with your credit cards.
00:50:59.360 Where do they go?
00:51:00.500 Yes, and there's so many out there right now.
00:51:02.540 Middle America, you're being hit. 0.98
00:51:03.740 I was hit.
00:51:04.380 I get it.
00:51:05.260 It is donewithdebt.com on your computer or your phone or call 888-322-1054.
00:51:13.240 322-1054.
00:51:14.980 There's someone on the other end of the phone.
00:51:17.060 They are there.
00:51:17.660 They're waiting for you.
00:51:18.480 They're there to consult you.
00:51:19.680 It's a free consultation.
00:51:21.160 What have you got to lose?
00:51:22.160 Just check them out.
00:51:23.400 What have you got to lose other than your debt?
00:51:25.620 So it's incredible.
00:51:27.000 Thank you so much for having me on again, Steve.
00:51:28.940 I know how busy this time is.
00:51:31.160 So I appreciate you.
00:51:32.800 No.
00:51:33.420 Jillian, thank you.
00:51:34.400 Thank you so much.
00:51:36.040 Nothing could be more timely than this.
00:51:37.940 This and the IRS situation.
00:51:39.780 Thank you, man.
00:51:40.380 Appreciate you.
00:51:42.180 Take the anxiety.
00:51:44.400 We need you at the ramparts and we don't need you anxious.
00:51:47.180 We need you at the ramparts and we don't need you anxious.
00:51:50.600 We need your focus.
00:51:51.440 And you've had massive impact.
00:51:53.720 Brad's sticking around.
00:51:55.060 We got a lot more economics to go through in politics.
00:51:57.460 Good piece in political today.
00:52:00.380 Actually, great piece in political about President Trump's assault on the institutions, the institutions that have betrayed, betrayed working class, the middle class of this country.
00:52:11.420 Folks, President Trump's taken them on head on.
00:52:14.900 And the Viceroy is going to join us.
00:52:18.340 Update on the Supreme Court and update on the assault on the institutions.
00:52:22.820 All next hour, only in the war room.
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