Bannon's War Room - April 16, 2025


Episode 4416： Engaging In Economic War With The CCP; No More Tax Breaks To Sell Out Our Country


Episode Stats

Length

55 minutes

Words per Minute

162.9886

Word Count

9,072

Sentence Count

703

Misogynist Sentences

14

Hate Speech Sentences

30


Summary

Kilmer Garcia, a U.S. citizen, is challenging the Trump administration in a landmark Supreme Court case that could have implications for the future of American justice and the rule of law. Alex Blumberg and Mika discuss the implications of the case, and whether the Supreme Court will rule in favor of him.


Transcript

00:00:00.000 Harvard University, the oldest, most prominent university in the country.
00:00:05.920 What's your take on this?
00:00:08.980 Yeah, I mean, it's a pretty serious threat and it shows how vindictive Donald Trump can
00:00:15.340 be when someone stands up to him.
00:00:17.640 But, you know, I've been on the phone all day with people at Harvard and they're feeling
00:00:24.100 like somebody had to do this.
00:00:25.740 I mean, you know, the Trump administration was cracking down on law firms across the
00:00:31.980 country, was cracking down on institutions of higher learning, was going after the media.
00:00:38.780 And a lot of, you know, these law firms and colleges were settling and agreeing to the
00:00:46.820 Trump administration's terms and making payments to him and so forth.
00:00:50.780 And they really feel like somebody had to fight and somebody had to say, no, we're not
00:00:55.140 going to we're not going to take this.
00:00:57.760 And if that means they take a several billion dollar hit, well, maybe they're the one institution
00:01:04.480 that's rich enough and powerful enough that can that can stand up for themselves and in
00:01:09.340 doing so, inspire others to do so.
00:01:11.360 So, yes, there's a serious threat against them and they're putting a lot on the line by
00:01:16.220 fighting.
00:01:16.620 But they feel they're inspiring others to do the same from ordinary Americans suggest
00:01:23.000 to me that they have a keen understanding that when you start violating due process for
00:01:32.220 any human beings, even if they are not a citizen, that threatens all of us, that threatens the
00:01:39.120 entire system.
00:01:40.660 And I I'm encouraged by that as well.
00:01:43.820 But Kilmer Garcia, I hope that Trump has miscalculated.
00:01:49.540 And to your point, Mika, there's some evidence that that maybe he has.
00:01:53.260 But what concerns me even more, though, is if this is not a constitutional crisis, what does
00:02:01.960 a constitutional crisis then look like?
00:02:04.500 And is this a test case, a trial run for the Trump administration to try and do this with
00:02:11.480 a U.S. citizen to try and defy Supreme Court orders on Social Security, on Doge, on any manner
00:02:19.140 of other issues that are at the heart of our democracy for ordinary Americans?
00:02:26.020 And so if if the system cannot hold now for Kilmer Garcia, will it hold for the rest of
00:02:35.360 us?
00:02:35.600 And that is that is the question.
00:02:36.940 In so doing, it is continuing to press this argument that should terrify everyone, which
00:02:41.700 is that the government can abduct any person off the street.
00:02:45.220 And as long as it ships them to a foreign prison fast enough, then there is nothing that federal
00:02:51.120 courts can do to bring them back.
00:02:52.680 That argument does not end with non-citizens or undocumented people or even green card
00:02:59.260 holders.
00:03:00.000 That argument would extend to natural born American citizens.
00:03:03.720 And it would mean that the government could take you, throw you into a foreign prison and
00:03:09.640 then disclaim all responsibility over bringing you back, even if it did so by mistake, because
00:03:15.440 it doesn't want to ask and it doesn't have any obligation to.
00:03:18.520 That is something that should chill everybody to the bone, because I think it really represents
00:03:23.540 the end of due process in this country.
00:03:25.500 Oh, and my day and my experience, which has been a couple of years in this game in and
00:03:31.280 out of government.
00:03:32.480 I thought it was the Republicans that wanted lower taxes and the Democrats that wanted higher
00:03:38.060 taxes.
00:03:38.540 Although I guess that's not always true.
00:03:40.700 I thought the Republicans wanted to reward success, not punishing it.
00:03:46.280 This loose talk about a higher top, another new bracket for millionaires.
00:03:51.660 I don't think it's a crime to be a millionaire, by the way.
00:03:54.580 Small businesses would pay this top bracket.
00:03:57.380 I do not understand this.
00:03:59.260 I can't believe Mr. Trump's going to go along with this.
00:04:01.840 He he campaigned on, you know, extending his tax cuts, adding some great middle class tax
00:04:08.300 cuts on tips and overtime and seniors.
00:04:11.900 That's all good.
00:04:13.300 Lowering the corporate rate.
00:04:14.540 If it's made in America to 15 percent, that's a great inducement for people to onshore.
00:04:20.080 That's what he wants.
00:04:21.320 Why would he want to penalize successful investors, successful people who are helping to onshore
00:04:27.200 and successful small businesses that strike it hot?
00:04:30.960 I don't understand.
00:04:32.100 And I I can't I can't believe what I'm hearing.
00:04:34.520 That's giving me a headache.
00:04:35.940 All right.
00:04:36.140 Tax day should be tax cut day.
00:04:37.820 A surprising shift for the Republican Party.
00:04:41.040 Some lawmakers are actively discussing the possibility of raising taxes on the wealthy to help fund
00:04:47.540 their agenda.
00:04:49.420 NBC News reports raising taxes on billionaires, a distinctly progressive policy, has been gaining
00:04:55.660 some momentum among conservatives on Capitol Hill.
00:04:59.360 But there's still a sizable wing of the Republican Party staunchly against the proposal.
00:05:04.160 Let's bring in one of the reporters behind that report.
00:05:06.780 NBC News senior national political reporter Sahil Kapoor.
00:05:10.500 Sahil, what are you hearing on the Hill?
00:05:12.620 Hey, Mika.
00:05:13.140 Well, this really feels like a hell freezing over moment.
00:05:15.440 Republicans are actually talking about accepting a tax hike on the rich.
00:05:19.820 Senior GOP lawmakers tell me they're debating whether to let the tax rate on the highest earners
00:05:23.780 go up from 37 percent to 39.6 percent when the Trump tax cuts of 2017 expire at the end
00:05:30.560 of this year.
00:05:31.140 Now, this idea would have been unthinkable over the last two generations in a party that
00:05:34.940 has been deeply devoted to lower taxes, including on the most wealthy Americans or as they call
00:05:39.440 them job creators.
00:05:41.220 And yet, Senator Mike Crapo, the chairman of the tax writing finance committee, told me
00:05:45.360 he's listening to his colleagues on this one and kept the door open.
00:05:49.080 Senator Kevin Kramer said it's come up in private meetings as well.
00:05:52.000 He said, quote, it's just so fun to be a Republican these days just to watch the transformation
00:05:56.300 where suddenly people are going, why do we worry so much about that, that being higher
00:06:01.400 taxes on the rich?
00:06:02.960 He went on to say there's a populism growing in the party, even among those of us with
00:06:07.480 powdered wigs, unquote.
00:06:09.260 So what's driving this?
00:06:10.240 Two things specifically.
00:06:11.320 First, Republicans are struggling to find ways to pay for the multi-trillion dollar cost of
00:06:15.600 this bill.
00:06:16.440 Higher taxes on the wealthy would help with that.
00:06:18.080 And second, the party's coalition is evolving, becoming less affluent, more working class,
00:06:23.120 leading some to wonder whether they need to rethink their priorities.
00:06:26.300 Steve Bannon, the former Trump official turned MAGA activist, told my co-author for the story,
00:06:30.600 Peter Nicholas, that Speaker Mike Johnson needs to focus on actually cutting spending dramatically
00:06:35.500 and raising taxes on the wealthy.
00:06:37.780 This is the primal scream of a dying regime.
00:06:45.460 Pray for our enemies, because we're going medieval on these people.
00:06:50.660 Here's the reason I got a free shot at all these networks lying about the people.
00:06:54.940 The people have had a belly full of it.
00:06:56.860 I know you don't like hearing that.
00:06:58.280 I know you try to do everything in the world to stop that, but you're not going to stop it.
00:07:00.980 It's going to happen.
00:07:02.220 And where do people like that go to share the big line?
00:07:05.660 MAGA media.
00:07:06.560 I wish in my soul, I wish that any of these people had a conscience.
00:07:12.440 Ask yourself, what is my task and what is my purpose?
00:07:16.180 If that answer is to save my country, this country will be saved.
00:07:22.520 War Room.
00:07:23.400 Here's your host, Stephen K. Bannon.
00:07:30.780 It's Wednesday, 16 April on the year of our Lord, 2025.
00:07:33.440 So multiple fronts on the war against President Trump's second term and what he's doing.
00:07:38.740 You see that strategically what the Democrats are doing is they're focused on where they think they have traction,
00:07:47.180 and that is in the courts and continue to come after President Trump in the courts.
00:07:51.820 It's another kind of constitutional crisis where you send these terrorists.
00:07:56.680 This group has been designated a terrorist group, and you send these people down to Central America.
00:08:04.980 In fact, this guy's at El Salvador, and you send them to a prison.
00:08:07.400 And this is all the Democratic Party all day long is making a huge deal about.
00:08:11.680 Fine.
00:08:12.480 Make your deal.
00:08:13.120 Make a big deal about that.
00:08:14.860 Focus on that.
00:08:15.860 We want you to focus on that.
00:08:18.120 If that's the constitutional crisis you want, hey, you got it.
00:08:21.120 Go ahead.
00:08:21.520 Focus on that.
00:08:22.920 That's a 90-10 issue of the American people.
00:08:26.800 And all this yammering and yammering and yammering about these very dangerous criminals that have terrorized American citizens,
00:08:35.080 working-class Hispanics and particularly working-class African-Americans that have terrorized them,
00:08:41.720 being shipped out of the country because they're illegal aliens, invaders.
00:08:48.420 And you're getting in the middle of President Trump's constitutional mandate in Article 2 of being commander-in-chief.
00:08:57.480 This is back to the unitary executive theory.
00:09:00.180 Or, as the Warren Posse informs me all the time, it is just his Article 2 powers.
00:09:07.120 So that's their play.
00:09:09.780 The bigger and the more profound, because that's just yammering at Trump's heels.
00:09:16.080 And they have 150 suits today.
00:09:18.060 Now they're suing about his tariffs, his economic repositioning of the commercial relationships of the United States to the world.
00:09:27.580 You've got Gavin Newsom, who is running in 2028.
00:09:30.660 Gavin Newsom is now suing the president from the state of California as the governor coming against the tariffs.
00:09:39.880 And this is why we have to get messaging sharper.
00:09:44.600 There's a great tweet out today from Walter Bloomberg that talks about some messaging that happened this morning that was quite off message,
00:09:53.600 where we put out that the Chinese—do we have the Walter Bloomberg?
00:09:57.640 Can we put that up in Denver?
00:09:59.960 Because I don't even have it in front of me.
00:10:01.200 We're dealing with so much stuff now.
00:10:02.620 Is that you have—they said up to 245 percent tariffs.
00:10:08.780 Well, that was adding, you know, the 145 and, you know, what's already there for the 20, and it's very confusing.
00:10:17.700 I think the White House had to be very specific and should be putting out talking points every day.
00:10:21.540 And the bar and these guys have to come out because right now this is not about tariffs and not about trade.
00:10:26.420 It's much deeper.
00:10:27.300 This is—we're engaged in now economic war with the Chinese Communist Party.
00:10:33.240 This is—Captain Fennell says, keep the main thing the main thing.
00:10:37.220 This is the main thing.
00:10:39.320 There's so much else happening, and we will make sure that you understand it, like going after the universities, these woke universities, and cutting off your money.
00:10:46.120 One of the central parts of all of that, whether it's the law firms, universities, it's all related to your money.
00:10:53.620 They only survive if they're feeding at the trough of government spending.
00:10:59.480 This is the power President Trump has, is to cut off the spending.
00:11:03.220 That's where we're even having this debate.
00:11:06.080 This is also the debate we're having about the economic war we're in with China.
00:11:12.220 This is about what your government's been doing and how it's been exposing American workers in this country, and President Trump is now finally standing up for this.
00:11:19.180 It is—as we came on today, gold is at $3,320.
00:11:27.260 Yes, I said $3,320.
00:11:30.920 That's $3,320.
00:11:34.720 You go, no, no, no, Steve, that must be wrong.
00:11:36.620 You mean $3,200.
00:11:37.480 No, I do not mean $3,200.
00:11:38.720 I mean $3,300.
00:11:42.320 We also tell you it's not the price of gold.
00:11:44.020 It's the process.
00:11:44.720 People are heading to gold because they see that this conflict, and they see it's going up the escalatory ladder.
00:11:53.760 I think it's safe to say now—I don't think I overstate the case—that there's kind of an embargo on both sides.
00:12:02.620 We're now at the stage of the trade war.
00:12:04.560 You have to see clear here.
00:12:05.920 And through the fog of war, you have to understand exactly where we are.
00:12:08.840 I think we're close to the embargo phase between both nations, and it almost has to get to this in a throwdown to understand that we're both sides stand on this.
00:12:23.240 This fight had to come.
00:12:25.460 We've been arguing about this for years and years and years.
00:12:28.480 The Chinese Communist Party, financed by Wall Street, financed by the corporations, financed by Silicon Valley, has grown in such power and taken so many jobs and so much of our basic supply chain and control.
00:12:43.960 They have strategic stranglehold on the United States.
00:12:47.260 What do you mean by that, Steve?
00:12:48.440 Well, rare earths, which I say is just dirt because it is just dirt, but it's the processing of it.
00:12:53.940 It's quite—what did I say?—filthy, dirty.
00:12:58.880 That's why it's not done in the United States.
00:13:00.500 We have rare earths.
00:13:01.400 There's rare earths all over the world.
00:13:04.440 They process it because they don't care about the environment.
00:13:08.380 Magnets, which we've allowed strategically to make the magnets.
00:13:11.560 Ball bearings.
00:13:13.380 The ball bearings.
00:13:14.380 They are imposing now restrictions also on just other things as we put these tariffs up.
00:13:20.520 We are countering at the same time.
00:13:24.700 NVIDIA—and this is why I think my strongest recommendation to the White House—we should get ahead of these things.
00:13:30.380 NVIDIA announces in basically a press release that there have been new licensing requirements put on by the U.S. government.
00:13:37.860 We already block—I think it's the NVIDIA 100 chip.
00:13:41.480 The highest, most powerful chip they have has been restricted in selling to China.
00:13:45.660 They did deep-seek, I think, off the 20.
00:13:52.500 So China needs that as much as they need oxygen.
00:13:55.620 There was an announcement last night and a big impact into the stock market and a fleeing to gold as a safe haven
00:14:03.960 that we are putting new licensing requirements that we did not delineate of what they are to restrict the sale of that chip to China,
00:14:15.520 the Chinese Communist Party, and their companies.
00:14:17.180 That would essentially choke down their ability to further where they're heading on their AI dominance.
00:14:28.520 This is not a small thing.
00:14:30.960 This is, I think, the equivalent if the license—we don't know the details, but if it's as hard as it sounds like,
00:14:36.900 it could be the equivalent of cutting Japan off from oil in August of 1941.
00:14:46.480 I'll go into more detail as we walk through the entire economic war between the Chinese Communist Party and the United States of America next.
00:14:53.740 I got American bait in America's heart.
00:14:59.800 You don't go out and buy a life jacket when the boat is already sinking,
00:15:03.700 and you don't buy gold when the economy has already collapsed.
00:15:07.440 Clearly, others are heeding this advice as gold hit an all-time high the first part of 2025 multiple times.
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00:16:12.320 Did you see the China breakdown on the page seven of their deck?
00:16:15.920 27% went to China.
00:16:17.480 That used to be 41%.
00:16:18.800 What is it?
00:16:20.040 Maybe it goes down to 10.
00:16:21.200 Maybe we need on them again.
00:16:23.160 Well, they, there's an ASML, a Dutch company, but obviously it's the lithography that is so important in terms of being able to etch these chips.
00:16:29.400 You know, we're talking about it at a microscopic level.
00:16:31.840 Right.
00:16:32.120 And it is originally U.S. technology from way back, so we do have some, still have some level of elements of control over what, who they can and can't sell to, I believe, right?
00:16:44.220 Yes.
00:16:44.480 Look, I think that, but again, I come back to the idea that someone could look at this at the, in the government and say, wait a second, what is this, is it 27% China?
00:16:56.500 Well, I'm, you know, here's what I'm doing to that.
00:16:58.740 Yeah, I mean, and by the way, it's not clear that the Chinese are not developing their own, they are developing their own chip making.
00:17:05.100 Yes, but they are developing their own chip making ability.
00:17:08.840 You, given their cyber espionage capability, it's always unclear exactly how much they've stolen.
00:17:14.400 I know.
00:17:15.580 Did you ever read Death by China?
00:17:16.520 They're very good at that.
00:17:17.680 You were mentioning this this morning.
00:17:18.980 The book had the biggest influence on your life.
00:17:22.440 In 2011, I got Death by China.
00:17:26.140 Will you stop?
00:17:28.020 And the book is about Navarro, and it's basically about World War III.
00:17:32.320 He doesn't mention that.
00:17:33.240 I'm adding that.
00:17:33.820 Graham Allison talks about World War III.
00:17:35.360 He's one of my professors.
00:17:36.680 So, hey, listen up.
00:17:38.600 You can't even, it's not even in stock right now, but Death by China just talks about their grand plan to take us over.
00:17:45.220 And when you go back and read it, it's more cogent than you thought.
00:17:50.520 It's like Ghost Ship, which is one that Mark Benioff gave me about how our Navy eventually is going to be made of all Chinese chips,
00:17:58.360 and we go to use it against the Chinese, and nothing happens.
00:18:01.560 Right.
00:18:01.900 Well, look, there are areas that we absolutely need to build up in our country.
00:18:05.200 Well, then we're 20, I'm saying that.
00:18:06.860 Well, Navarro's had an influence on a lot.
00:18:08.960 I know.
00:18:10.160 Is this the book, is this where Ron Vera shows up?
00:18:12.940 There are some aspects of Peter that I find frustrating, but you know what?
00:18:20.980 Go back and read Hamlin.
00:18:22.400 Hamlin used to make up news.
00:18:23.680 Do you remember what Hamlin is?
00:18:24.920 Is Ron Vera.
00:18:25.220 Hamlin used to make up news.
00:18:26.260 He's a student.
00:18:26.780 You'll see what I can do to him.
00:18:28.200 Yes.
00:18:28.600 You know, and Hamlin, I don't agree with Mr. 47,000 Children that you should have called.
00:18:33.660 You see there, that is the premier business channel in the United States, although Bloomberg's the real business channel.
00:18:43.400 That's CNBC.
00:18:43.980 Right there, in the middle of one of the most profound events in modern American history, because folks, we're in it now.
00:18:57.700 They're talking like, you wouldn't even say that's a college bull session.
00:19:02.000 That's like children.
00:19:02.680 Death by China.
00:19:05.400 Why is Peter Navarro so prominent?
00:19:07.140 Why is Peter Navarro the co-host of the show?
00:19:08.620 Why have we had Peter Navarro on here every couple of days for four years, our co-host?
00:19:14.760 Death by China is actually a roadmap.
00:19:17.820 It's a very serious book by a very serious person.
00:19:20.400 The people you saw right there are not serious.
00:19:22.580 This is the problem I have with the elites in this country.
00:19:26.460 Two problems.
00:19:27.160 Number one, they've put money in front of their nation, ahead of duty to their country and duty to their fellow citizens.
00:19:37.680 And I understand libertarians, oh, it's just to yourself.
00:19:39.800 This is what you end up with.
00:19:42.880 The elites in this country are corrupt from top to bottom.
00:19:48.600 They have sold out their nation for money.
00:19:51.620 The lords of easy money on Wall Street, the heads in the giant corporatists, and you saw this during the DEI when they thought they had the power to crush the MAGA movement, to crush Trump, to crush traditional American values.
00:20:02.840 You saw it.
00:20:03.940 This is what they've done also with China in business with them.
00:20:06.120 And Silicon Valley, Sequoia Capital, and the psychopathic nerds that run the apartheid state.
00:20:17.160 That's what Trump's up against.
00:20:18.480 That's what you're up against.
00:20:19.660 Let's make sure we understand exactly what this is about.
00:20:26.020 It maybe wouldn't even be as bad, but the lack of maturity, the lack of the understanding of the moment and how we got here and how important this is.
00:20:35.520 And right there, back and forth, just like on one of the most important days, when you know now there is a methodology to go up the escalatory ladder.
00:20:45.600 Take your number two principle out and write that phrase down, escalatory ladder, because we're going up it.
00:20:54.420 And I'm all for it.
00:20:55.760 But if you want to climb off, you've got to have a discussion.
00:20:58.520 And President, she is not going to pick the phone up and call you and say, hey, let's get together for a cup of tea.
00:21:05.120 You have a diet soda.
00:21:06.700 I have a cup of tea.
00:21:07.500 And we'll sit down and figure this thing out.
00:21:08.760 He's not going to do that.
00:21:09.620 But I don't think I'd be stunned because I'm not so sure he'd be around if he did do that.
00:21:14.880 It has to come some other way.
00:21:16.560 Maybe it can come some other way.
00:21:17.760 But we're heading down now when they're cutting us off.
00:21:20.060 And people have to understand, I believe we're a total embargo.
00:21:22.660 To make it even a better embargo, and let's expand this out strategically to the Persians, I don't understand why we're even discussing things where we're reviewing what they do.
00:21:39.380 The program, without a military strike, and you do not need a military strike, and people using loose talk about a military strike, and BB Kimmel over here instead of pushing people to a military strike, we're not going to have a military strike.
00:21:50.940 We don't need to.
00:21:52.880 We can economically isolate and bring to their knees these crazy moolahs that are run in Persia.
00:22:00.940 The simple way to do it and get the attention of both is they ship 2 million barrels, not 1.6.
00:22:08.640 They ship 2 million barrels of oil per day to the Chinese Communist Party to fuel the Chinese Communist Party.
00:22:14.980 Their biggest, most important deal is with Persia.
00:22:18.600 That oil comes out of the Persian Gulf through the Straits of Hormuz.
00:22:23.400 As a young man, I was on those battle groups outside of that in the North Arabian Sea.
00:22:27.960 They can be quickly turned around and said, you're going back to Persia.
00:22:31.980 You're not going to go across the Indian Ocean, past Diego Garcia, through the Straits of Malacca, through the South China Sea, up to China, and deliver your oil.
00:22:41.380 We're not going to do that.
00:22:42.580 We're not playing that game.
00:22:44.260 And you're going to dismantle, and we're going to dismantle it with you, your nuclear program.
00:22:48.900 All of it.
00:22:49.440 One thing on the military side, people don't understand, a military strike in there is not clean.
00:22:56.540 It's not a military strike without even infantry or ground forces.
00:23:00.960 It would be horrific.
00:23:02.340 It would draw us into the biggest war in the Middle East.
00:23:05.720 It would overwhelm what happened in Iraq and overwhelm what happened in Afghanistan.
00:23:09.620 You'd be in a good old ground war, a real ground war, not a three-week run-up to Baghdad.
00:23:18.020 That can't happen.
00:23:19.060 It doesn't need to happen.
00:23:21.040 As soon as we get focused on what we need to do here.
00:23:24.820 We are now engaged fully in an economic war with the Chinese Communist Party, which has been brewing for many, many years, and they've been at war with us.
00:23:34.680 And now you see, you wake up, what we've been preaching on the show for year after year after year is look at the strategic high ground they have because American industry allowed it.
00:23:45.800 There are three deficits to keep in mind.
00:23:49.080 It's the $2 trillion every year we're running here, right?
00:23:54.080 $2 trillion immediately goes up onto your national debt, and you have to continue to pay for it because you're never going to pay back a penny of the face amount of the debt.
00:24:02.880 Not currently how we're structured.
00:24:05.140 It's also the $25 trillion trade deficit.
00:24:08.320 That means money we've sent to China, 18 trillion of it, dealing directly with the Chinese Communist Party.
00:24:14.340 We've sent $18 trillion to them to build their economy and buying finished product.
00:24:20.620 And that's the net, that's the trade deficit.
00:24:23.460 That takes all the sorghum and soybeans because we're like a colony.
00:24:28.660 We're just a colony.
00:24:29.560 We send them raw materials and agricultural products and maybe some finished goods like the advanced chip design.
00:24:35.120 But the one, don't miss, and they say at the end, oh, cyber espionage, cyber espionage.
00:24:41.860 They've stolen $30 trillion.
00:24:44.980 They've stolen or we've given them $30 trillion of intellectual property.
00:24:49.300 They are nothing as an industrial power, nothing.
00:24:52.620 If we had not willingly either looked the other way or they're stealing it and look at just Google and read all the news accounts, companies would say, well, I couldn't say anything because we would be banned forever.
00:25:05.520 And our government wouldn't back us up.
00:25:08.200 So all the university research that you paid for, all the small companies that your pension funds, your pension money in venture capital, private equity, and in money markets that got these companies capital, got them and let them thrive.
00:25:23.640 American companies, not Chinese companies, American companies, let them thrive.
00:25:28.680 The intellectual property was stolen.
00:25:30.420 To do a deal in China, you had to agree to do a joint venture where you would put your intellectual property in it to get access to that market.
00:25:37.680 And the elites in the United States stood by and let that happen.
00:25:43.600 You want to know why we're in a jam now and all of a sudden you got magnets and ball bearings and guess what?
00:25:48.480 You got Jace Medical, you got the active pharmaceutical ingredients and all the generics and now the Chinese are saying every day may cut off pharmaceuticals.
00:25:57.500 How many years have we warned you about that?
00:26:01.520 These people play for keeps.
00:26:03.100 They play smash mouth.
00:26:05.780 China's been around for, what, 10,000 years?
00:26:08.140 This is just another dynasty.
00:26:11.660 Xi's nothing but another emperor.
00:26:13.880 He's not elected by anybody.
00:26:15.720 He doesn't have any popular support beneath it.
00:26:18.480 They live in fear, like they live in fear of the emperors.
00:26:23.780 And the emperors had just as terrible, you know, they don't care how many Chinese people, how many Lao Bai Jing were killed or murdered in their reigns.
00:26:35.400 Not relevant.
00:26:36.160 We're in it now, but we have to understand exactly where we're in it.
00:26:44.220 And it's incumbent upon the administration, I think, to basically delineate exactly where we stand in this thing.
00:26:50.720 And what is the bid and the ask?
00:26:52.080 Because we're going up the escalatory ladder, of which I agree with, but I think that needs to be defined so the American people say, I got this.
00:27:01.260 I understand it.
00:27:02.000 I understand what this fight's about.
00:27:03.260 This is about bringing back jobs.
00:27:06.960 It's also about bringing back high-value-edit manufacturing jobs.
00:27:11.640 It's also about having the elites stop selling out this country.
00:27:18.000 That's the elites that want all the tax breaks.
00:27:19.980 We're going to get to this when I get back.
00:27:25.340 This is all inextricably linked, as it should be.
00:27:31.600 And yes, Speaker Johnson, you should be thinking about cutting the vast spending that is out of control.
00:27:39.880 How out of control is it?
00:27:40.920 In the first six months, the deficit is $1.3 trillion.
00:27:45.240 And, Johnson, you pushed doing the Pernice CR.
00:27:50.040 Okay, we're here.
00:27:51.480 I am projecting, and we have not been wrong on a number in four years, that the deficit this year will be $2.5 trillion, not $2 trillion.
00:27:58.820 We're going to blow through that.
00:28:00.800 We're going to blow through that.
00:28:02.980 We're going to blow through that.
00:28:05.720 Short break.
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00:29:34.540 Here's your host, Stephen K. Mann.
00:29:39.040 The trade deficit, because you're going to hear from the elites, oh, it's just an accounting thing.
00:29:44.080 Don't worry about it.
00:29:44.680 No.
00:29:45.840 That's a total lie.
00:29:47.200 As Lou Dobbs told you, as President Trump believes, it's not.
00:29:49.560 It shows you how deep the problem is, that we're a colony of the Chinese Communist Party, an economic colony.
00:29:59.520 That trade deficit of the $25 trillion, right?
00:30:04.080 And let's just take the $18 that's assigned to China.
00:30:08.580 Added to the $25 or $30, because it's $600 billion a year.
00:30:12.500 That's the best estimate we have.
00:30:13.960 $600 billion a year of stolen intellectual property that you paid for either through taxes to universities and or to companies.
00:30:20.600 Essentially given.
00:30:21.740 And what they call cyber espionage.
00:30:25.120 It's not so much espionage.
00:30:26.900 Yeah, some of it was stolen industrial espionage.
00:30:28.760 Some stolen.
00:30:29.280 But a lot of it was just given.
00:30:31.580 Because the rules were you had to turn over your intellectual property to get access to the market in China.
00:30:36.500 And people were fine with that.
00:30:37.400 The elites were fine with that.
00:30:38.260 Because they were going to make more money in China than they were here.
00:30:42.440 The colony.
00:30:45.660 You add those two together, that's one of the reasons you have the budget deficit.
00:30:49.880 Why?
00:30:50.300 Because you're not having high value added jobs who don't generate enough tax revenue.
00:30:56.380 People don't have better paying jobs, so they don't get better pay.
00:30:59.180 They can't pay more taxes.
00:31:00.400 And in addition, guess what?
00:31:02.940 The companies aren't paying health care.
00:31:04.700 They're not doing this.
00:31:05.360 So that's why Medicaid is such a big deal.
00:31:07.060 And today you have 24, I think, congressmen have told Johnson, Republicans, that we just can't go in with a meat ax and cut Medicaid.
00:31:15.740 You've got to be very smart about this.
00:31:17.020 Why?
00:31:18.940 As I've been saying for a long time, just look at it.
00:31:21.460 There's a ton of MAGA, of working class folks, Hispanic, black, and whites, that are on Medicaid, that are working.
00:31:30.120 Not sitting there gaming the system.
00:31:31.840 Not asking for a handout.
00:31:33.740 Why?
00:31:34.180 Because the jobs don't pay enough.
00:31:35.500 Why don't the jobs not pay enough?
00:31:38.440 Oh, let me go back to the trade deficit.
00:31:42.880 The reason this has happened is not astrophysics, and it's not a natural law of the universe, a property.
00:31:48.340 It's not the second law of thermodynamics that made this, like, had to happen.
00:31:53.720 If you listen to Paul Ryan, if you listen to all these Republicans for years who were controlled opposition, who made money and got us in this situation because they didn't stop the oligarchs and the elites from doing this, and they were an active party to it.
00:32:10.640 You would think it's just a natural property.
00:32:14.200 This is the free trade.
00:32:16.560 This is how it works.
00:32:17.200 No, it's a mercantilist system.
00:32:19.180 It's what Adam Smith actually warned us about.
00:32:21.540 It's what the patriots were leading up.
00:32:23.800 What is Saturday?
00:32:24.520 Saturday is the 250th.
00:32:30.340 What, a quarter of a millennia?
00:32:33.340 250th anniversary of our patriots have finally had a belly full of it, the handful of them.
00:32:39.240 Against an empire, and what was that empire against?
00:32:42.160 A worthless landed aristocracy that had corrupted commons.
00:32:45.800 Just like the House of Representatives and Congress is corrupted.
00:32:50.300 They bought and paid for them.
00:32:52.980 So it wasn't what Englishmen had fought for.
00:32:56.200 Oh, in addition, the crown was able to give monopolistic power to things like the British East India Company.
00:33:02.440 The ship that was in Boston Harbor that had the T thrown off it was the East India Company.
00:33:06.860 It had a monopoly.
00:33:10.020 And guess who were the leaders of that to get it rolling?
00:33:13.320 Oh, John Hancock and Sam Adams.
00:33:15.420 A couple of freebooters.
00:33:19.440 Heretofore may be referred to as smugglers who wanted to go around the system, not want to pay the tariff.
00:33:27.980 Put in to kind of because monopolistic power.
00:33:33.640 That's our heritage.
00:33:35.920 What do you think got them fired up at Lexington Common?
00:33:43.360 What do you think got them fired up?
00:33:46.280 In the Bridge of Concord, where Emerson came back 100 years later and wrote that magnificent poem about what they stood for.
00:33:53.500 That resonates down through every page's grave to modern time itself.
00:33:57.440 That's what this fight's about.
00:33:58.520 It's the same fight.
00:34:00.520 It's the same fight.
00:34:03.200 The little guy getting crushed, but it's all on the little guy.
00:34:06.120 Remember, it's all on your shoulders.
00:34:08.320 It can stop at the moment you say it's going to stop.
00:34:12.280 You have the power.
00:34:13.700 Don't let them tell you you don't have the power.
00:34:17.560 You have the power.
00:34:18.760 They don't have the power.
00:34:20.000 They've convinced you.
00:34:21.320 They've put you to sleep that you don't have the power.
00:34:24.340 That this is the second law of thermodynamics.
00:34:26.420 This is just the way the world's got to be.
00:34:28.040 This economic organization that you live like a pauper, that you're constantly concerned about your taxes.
00:34:34.220 Can you pay them?
00:34:34.820 Are you constantly concerned about your credit cards?
00:34:37.220 Can you pay it off?
00:34:38.920 Even if you're middle class and got a nice job, you get laid off.
00:34:42.540 And one of these corporate restructurers, they do not give a damn about you as a person.
00:34:45.840 They'll throw you out of the office right away.
00:34:49.100 In 100 days, you're sweating bullets and not sleeping.
00:34:51.860 How am I going to pay the mortgage?
00:34:52.820 How am I going to send the kids to college?
00:34:54.020 How am I going to pay for Little League?
00:34:58.120 That anxiety and angst, as it goes down the food chain, people don't have another meal.
00:35:04.980 How can we, as Americans, sit there and think of the thriving nature of the food banks?
00:35:11.860 And we know now it's people just going and kind of topping off.
00:35:14.360 I got to get this.
00:35:14.980 I got to get this.
00:35:15.660 Is that the United States?
00:35:16.820 Is that what those patriots in Lexington Common fought for?
00:35:21.940 Is that where they made the stand at Concord?
00:35:26.500 Hell no.
00:35:28.440 They would come back here.
00:35:29.520 First thing is they get off your ass and do something.
00:35:32.800 Be like the folks in Greenville and Tarrant County that said, we've had enough of this and we're going to set things right.
00:35:42.020 And the first thing setting right is the basic thing, just like in the revolution, a committee of correspondence.
00:35:47.840 Let's have a town hall meeting.
00:35:49.520 Let's get going.
00:35:50.240 And then behind the scenes, hey, maybe we got to get more organized because these Brits know how to run the deal.
00:35:55.940 The British were just globalists.
00:35:59.620 They were just organized power.
00:36:02.220 Don't think the crown and what happened in London, it was the capital of the world, like New York City is today.
00:36:07.920 They knew how to run the deal.
00:36:10.340 Okay?
00:36:10.780 Their deal.
00:36:11.360 Why do you think so many prominent, why do you think that so many prominent, the Hamiltons of the world, the Jeffersons of the world, the Adamses of the world, and all the other tiers, men of the world, why did they revolt against this?
00:36:29.000 Why did they put it all on the line?
00:36:30.180 Because they understood if we could stop that then and create our own thing, it would be, and they had a vision, it would be the greatest republic in the history of man.
00:36:42.280 That's where they looked to the, not the Roman Empire, they looked to the Roman Republic.
00:36:45.700 They were fighting the empire.
00:36:47.560 They were fighting what Rome devolved into and what Britain devolved into.
00:36:54.220 That's your heritage.
00:36:55.360 That's your lineage.
00:36:56.980 But understand it.
00:36:58.080 See what you see.
00:37:01.040 In this moment in history, in the land of the blind, the one-eyed man is king.
00:37:08.880 Just understand exactly where we are in history, where we are in global history, why they hate Trump, why they want to imprison Trump, why they hate you.
00:37:18.900 You are disrupting the entire system.
00:37:21.880 Because the system, and the institutions, and the people that ran it in this country betrayed the basic foundational elements of this constitutional republic.
00:37:34.580 Full stop.
00:37:39.780 And you either accept that and live with it.
00:37:42.120 And I'm not saying you can't have a comfortable life.
00:37:44.720 People have a comfortable life in the room.
00:37:46.060 If you just want to get tapped along and just do your own thing and don't care about it, hey, that's fine.
00:37:50.960 You're free men and free women.
00:37:52.420 Do what you want.
00:37:53.220 But if you believe, not just in this country, but the foundational principles of this country, and know the foundational principles of this country are not going down to El Salvador in prison with a big media display.
00:38:11.180 You want to do that, do it.
00:38:13.740 But citizens, particularly our most helpless citizens, have been preyed on, preyed on by these terrorist gangs, preyed on.
00:38:24.320 And Trump's finally said, we've had enough, and here's what I'm going to do.
00:38:26.800 And I'm commander in chief, and I'm going to do it.
00:38:29.140 And I dare a federal court to get in the way of that.
00:38:33.060 And so now, oh, we're hurtling towards a constitutional crisis.
00:38:35.860 Well, you know, bring it on.
00:38:36.880 We're in an economic war with a superpower that was created.
00:38:42.320 Always remember this.
00:38:43.500 And when Jim Kramer's sitting there, my professor, Allison Graham, well, you should have asked, Jim, you should have read the book and understood it more than a sophomore in college.
00:38:52.120 Because the book, what jumps off the page is no group of elites have ever made more money on the declining power on the way down than they made on the way up by selling out the declining power to its rival.
00:39:09.620 And that's what happened here in the United States of America.
00:39:11.860 The Wall Street faction, the global corporatist, and Silicon Valley.
00:39:21.360 Hollywood tried to, but they're minor players in this.
00:39:23.740 I'm talking about the big three, and they sold this nation out every single day, not for ideology.
00:39:30.720 This makes it even worse.
00:39:31.760 If you think they had some sort of thing of mankind and maybe communism is the way and all that, no.
00:39:39.040 They're neo-Marxist culturally because they're godless atheists and demonic, but they sold it out for money.
00:39:47.260 They did exactly what this week on Thursday Judas did to Jesus Christ.
00:39:54.780 They sold it out for their 30 pieces of silver.
00:39:57.240 And, yeah, they, oh, it's uncomfortable.
00:40:01.480 And now, oh, gosh, you want to raise our tax?
00:40:03.140 You damn right.
00:40:04.800 You damn right.
00:40:05.740 And Larry Cuddle and Steve Moore, you should be ashamed of yourself.
00:40:08.980 Running dogs for this group?
00:40:12.660 No, we're not taking on achievers.
00:40:14.760 It's just simple mathematics.
00:40:18.480 We have on our watch a $1.3 trillion deficit.
00:40:24.220 Embrace it.
00:40:25.260 It's a fact.
00:40:26.140 We have to deal with it.
00:40:28.080 It's going to be over $2 trillion.
00:40:29.720 It's going to be $2.5 trillion.
00:40:32.460 Let's have this conversation on the afternoon of the 30th of September.
00:40:35.900 We can kind of figure out what it is.
00:40:37.740 It's going to be $2.5 trillion.
00:40:42.220 Topped onto the national debt.
00:40:45.700 So Johnson, and I admire the congressman where they're fighting the Medicaid cuts.
00:40:51.480 I got that.
00:40:52.020 But you have to have cuts.
00:40:53.200 Medicaid is going to have to be cut smartly.
00:40:57.660 You can't take a meal, but you've got to smartly cut that.
00:40:59.660 One way you can cut it is people getting better jobs.
00:41:04.320 The way you get better jobs is bring back higher value manufacturing.
00:41:07.940 The service economy of the United States does not work for 75% of the people.
00:41:12.560 So you're not going to have a country.
00:41:15.740 Those two elements, the intellectual property theft and the trade deficits are one of the reasons we have these ballooning deficits.
00:41:24.640 Because we have decreasing tax revenues, the tax revenues are not increasing, and you have exploding costs.
00:41:32.440 A lot of this, a trillion dollars of it, is because we also underwrite everybody's security.
00:41:41.080 And they have to start pitching in for that.
00:41:43.300 And one way that you have to have less swords and more plowshares is to make sure that we can do this economically, which we can, like in Persia.
00:41:54.840 You don't need to immediately go up the escalatory ladder to start, let's have a gunfight.
00:42:00.580 You know why?
00:42:01.800 Because in the gunfight, it's the deplorables kids.
00:42:05.420 It's their sons and daughters in the middle of it.
00:42:08.060 It's not the elites.
00:42:08.840 How many of that crowd that wants to go bombing into Iran, bombing into Persia and sending troops into Persia, how many of their kids are in it?
00:42:16.260 How many of their kids are on the front line?
00:42:19.520 How many of their kids are in that carrier battle group?
00:42:22.300 How many of their kids are doing bombing runs in the Houthis?
00:42:25.840 Were their kids there for the F-16 pilots that got shot down?
00:42:31.320 Are they in those carrier battle groups?
00:42:33.920 No, indeedy.
00:42:36.200 Nope.
00:42:37.080 Not there.
00:42:38.840 They want to take all the benefits of the society they've created.
00:42:43.720 They want to skim it off the top.
00:42:46.960 And they want to have these entitled kids running around.
00:42:49.300 They're going to do this.
00:42:49.940 They're going to do that.
00:42:51.040 Never hit a lick in their life.
00:42:53.320 Don't know anything about life.
00:42:56.440 But your sons and daughters are going to be in those carrier battle groups.
00:42:59.460 Your sons and daughters are going to be in the first wave that goes into Persia.
00:43:03.520 Your sons and daughters are going to be doing the bombing runs if that has to happen.
00:43:07.440 It's not going to happen.
00:43:09.540 It doesn't need.
00:43:10.340 The reason it's not going to happen.
00:43:11.220 It doesn't need to happen.
00:43:16.220 What about their assets?
00:43:18.040 What about the Persians, the Mullah's assets?
00:43:19.620 The assets all over the world.
00:43:20.880 They stole the Russian assets.
00:43:23.280 Why don't we take their assets?
00:43:24.720 Courts have decreed it.
00:43:28.340 What if he had the brightest mind in the war room delivering critical financial research every month?
00:43:39.180 Steve Bannon here.
00:43:40.840 War room listeners know Jim Rickards.
00:43:42.860 I love this guy.
00:43:44.340 He's our wise man.
00:43:45.320 A former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital markets.
00:43:51.440 Jim predicted Trump's electoral college victory exactly 312 to 226, down to the actual number itself.
00:44:01.140 Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.
00:44:08.360 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.
00:44:20.400 Right now, war room members get a free copy of Money GPT when they sign up for Strategic Intelligence.
00:44:27.160 This is Jim's flagship financial newsletter, Strategic Intelligence.
00:44:31.980 I read it.
00:44:33.080 You should read it.
00:44:34.140 Time is running out.
00:44:35.000 Go to RickardsWarRoom.com.
00:44:36.840 That's all one word, Rickards War Room, Rickards with an S.
00:44:40.220 Go now and claim your free book.
00:44:42.680 That's RickardsWarRoom.com.
00:44:45.200 Do it today.
00:44:46.780 War Room.
00:44:47.640 Here's your host, Stephen K. Vann.
00:44:50.400 Since the CCP, one of the main aspects in this war is going to be de-dollarization, make sure you go to BirchGold.com, promo code Bannon, to get the end of the dollar empire.
00:45:03.820 You can learn all about it.
00:45:05.340 The last one is the modern monetary theory, the idea that broke the world.
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00:45:10.700 We're going to be doing some things on bundling it to make sure we make it easier to get to you in the coming days and weeks ahead
00:45:17.180 because this is central to your understanding of the situation we're in, and that's what we need.
00:45:21.680 It ain't the price of gold, which is over $3,300.
00:45:25.560 I said that right, $3,300.
00:45:28.180 Remember, the biggest move in gold, and gold's not supposed to move like this.
00:45:32.660 It's a store of value and a hedge.
00:45:34.120 The market's telling us something.
00:45:41.360 We need you to understand that.
00:45:43.520 It's not about the price.
00:45:45.240 It's about the process of how it got there, and that's what BirchGold is set out to teach you.
00:45:50.120 And remember, it's physical gold you want if you decide to go this way.
00:45:53.600 Chris Acavella, American Securities, you've done an amazing job.
00:46:01.380 Walk me through.
00:46:02.080 When I talk about the elites and I'm bashing the elites, am I being unfair in your mind, sir?
00:46:08.640 No, Steve.
00:46:10.120 You know, there's a few things that you pointed out in the last segment,
00:46:13.500 and what I would say is you're getting to the heart of the issue,
00:46:16.660 which is that that's the dark underbelly of capitalism.
00:46:19.300 The fact that our money was sent over there, that we sold out our intellectual property rights,
00:46:26.240 that we hollowed out America's factories and manufacturing bases and sold everything to China.
00:46:32.240 China needs this country.
00:46:34.820 We are the world's global debt-fueled consumer, and it looks like we're going to continue to be that.
00:46:41.680 So that's why the tariffs are so important.
00:46:44.500 That's why cutting off the flow of capital to Xi's new transition to the military-industrial complex,
00:46:51.500 their quantum computing capabilities, their laser weapon systems, their cyber armies,
00:46:56.600 this is a very specific, coordinated set of tools that the Trump administration needs to implement
00:47:03.660 and do it so that it protects our economic and national security.
00:47:07.280 So you're a leader.
00:47:11.800 Let's talk about we're going up the escalatory ladder now in this economic war,
00:47:17.560 but let's talk about things that can be done here.
00:47:19.860 Even Larry Fink said the other day, if companies, if CCP-controlled companies have done things wrong,
00:47:24.580 they should be considered for taking them off the exchanges, right?
00:47:29.640 How much capital?
00:47:30.500 If we cut off the Chinese Communist Party from access to capital and from stealing our technology
00:47:36.100 or just agreeing to the joint ventures where we're given the technology,
00:47:40.020 how much would the current situation change, sir?
00:47:44.120 I think it would change tremendously.
00:47:46.360 It would allow us to re-implement a manufacturing base, re-establish supply chain efficiency in this country.
00:47:53.240 I mean, we learned from COVID that we were in a big problem when we needed critical supplies, pharmaceuticals, PPE.
00:48:02.360 We can't have that anymore.
00:48:04.300 We also need a steel industry.
00:48:05.840 We need to be able to make it manufactured to be self-sufficient.
00:48:09.360 That's the lesson of COVID.
00:48:10.660 And I think when you cut off the flow of capital to the Chinese Communist Party and mainland Chinese companies,
00:48:17.500 you're talking about trillions of dollars.
00:48:19.280 You couple that with increasingly high tariffs, that's more money that we'll collect at the border.
00:48:28.160 And hopefully over time, we can make those products here in the United States, which should create wage inflation for regular people.
00:48:34.300 Okay, and we say hopefully over time.
00:48:35.420 It's just a fantasy of people like Peter Navarro.
00:48:39.800 How real is this?
00:48:40.780 How real is bringing back supply chains?
00:48:42.680 How real is bringing back and returning us to becoming a manufacturing superpower?
00:48:47.280 Is that real or is that just a fantasy that you believe and Navarro believes and people like myself believe?
00:48:54.340 Is this a fantasy or can it happen?
00:48:56.540 It can happen and it has to happen.
00:48:58.720 It has to happen for our own self-sufficiency.
00:49:01.560 It's just going to take a little bit of time and Wall Street's throwing a fit right now because of what you said before.
00:49:07.340 I mean, you have global elites who don't want to relinquish power because as soon as they relinquish their access to all of the riches that they have, those have to be redistributed to everybody else who was part of the Trump base.
00:49:21.720 Okay, can you hang on for a second?
00:49:23.580 I want to hold you for a minute through the break and the great Eric Prince is going to join us.
00:49:28.120 But I want to look at this.
00:49:29.720 Financial Times of London, of course, my favorite paper, headlines, Wall Street banks reap $37 billion after traders cash in on Trump volatility.
00:49:40.040 Remember, volatility is one of the things that you trade back and forth with velocity.
00:49:45.360 You will make money.
00:49:47.200 These guys are making money.
00:49:48.340 And Larry Kudlow and Steve Moore, the great big crocodile tears on taxes, bottom line, the elites in the upper bracket, never – they're the ones that have control this city.
00:50:02.740 They're the ones that control the congressman.
00:50:05.040 They control the Senate.
00:50:06.600 It's the reason spending doesn't stop.
00:50:08.760 Spending doesn't stop because the elites in this country are consolidating more and more power and more and more economic power with the deficits.
00:50:18.820 The deficits help them.
00:50:20.940 More government spending helps them.
00:50:23.360 I'm going to give you some pattern recognition.
00:50:26.200 He brought the law – Trump brought the law firms to their knees.
00:50:29.400 How did he bring the law firms to his knees?
00:50:31.820 When he sent the letters to them to take away the security clearances, he says you're not eligible to work on anything related to government contracts or government work, and he put a line in there.
00:50:41.740 And any of your clients that still retain you will not be eligible for government contracts.
00:50:47.280 That means feeding at the trough.
00:50:48.640 And guess what?
00:50:49.880 The toughest law firm out there, Paul Weiss and CARP, the chairman, the guy who was organizing everything, he surrendered in 24 hours.
00:50:57.040 Why did he surrender in 24 hours?
00:50:58.520 Because all the other jackal law firms, all these white-shoe law firms from all the great institutions of Harvard and Yale and Stanford, all the high moral they have at those great universities, those bastions of education, they went after their clients and said, hey, Paul Weiss is not going to be able to be in a business.
00:51:16.880 Come with us.
00:51:18.360 That's where the partners, all the highfalutin, tough partners of Paul Weiss, that's why they collapsed in a day.
00:51:24.480 Why is Harvard?
00:51:25.720 Why is Harvard?
00:51:26.420 Why is all – why Columbia?
00:51:27.820 Why are they all collapsing?
00:51:29.460 The $9 billion of your money at the public trough that their snouts right in.
00:51:35.200 Hell, Harvard's got a $52 billion endowment.
00:51:37.740 Why don't you use that?
00:51:38.440 Can't touch that.
00:51:39.980 Got that government money.
00:51:42.760 You've been played for a sucker and you've been played for a sap.
00:51:47.780 The entire system rests on your shoulders.
00:51:50.380 You are the full faith and credit of this government.
00:51:53.160 Not the SEC, not the Federal Reserve, not this group of scum up there, right?
00:51:58.900 The sociopathic overlords on Wall Street.
00:52:02.460 You think they give a damn about this country?
00:52:04.400 You think you give a damn about its citizens?
00:52:06.560 You think you give a damn about what happened in Lexington and Concord 250 years ago?
00:52:10.660 They were the guys on the other side.
00:52:13.760 They were the city of London, the Wall Street at the time, financing the empire against the colonists.
00:52:22.380 That was the little guy standing up and saying, hey, go F yourself.
00:52:26.660 You're going to have to come and take it.
00:52:29.520 Do we have that balls and guts today?
00:52:32.340 That is the only question that matters.
00:52:36.240 Next in the war room.
00:52:46.340 The April 15th tax deadline is coming and it's coming fast.
00:52:51.940 Do you have unfiled tax returns?
00:52:53.640 Can't pay the IRS?
00:52:55.220 The IRS is more than aggressive and the more aggressive than ever.
00:52:59.340 And the longer you wait, the worse it gets.
00:53:01.160 Wage garnishments, bank levies, even property seizures are all on the table.
00:53:07.160 You need to get ahead of this.
00:53:08.860 You need to get ahead of it today.
00:53:10.940 But going up against the IRS alone is a big time mistake.
00:53:14.600 Take my advice.
00:53:15.380 Call the experts at Tax Network USA.
00:53:17.580 They know the system.
00:53:19.900 They have an edge, a preferred direct line to the IRS.
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00:53:43.620 Let me repeat that.
00:53:45.120 They've already resolved over $1 billion in tax debt.
00:53:48.800 Tax Network USA can help you, too.
00:53:52.660 But you need to move.
00:53:53.640 You need to move fast because April 15th is already here.
00:53:57.080 Remember, if you get that letter, don't put it in the drawer.
00:53:59.320 It just metastasizes it.
00:54:01.300 Talk with one of our strategists today.
00:54:04.900 It's totally free.
00:54:06.580 Stop looking over your shoulder.
00:54:08.500 Stop the anxiety.
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00:54:10.940 Put it all behind you.
00:54:12.600 Call Tax Network USA at 1-800-958-1000.
00:54:17.240 That's 800-958-1000.
00:54:19.980 Or visit tnusa.com slash Bannon.
00:54:23.560 That's Tax Network USA.
00:54:26.020 Go to tnusa.com slash Bannon.
00:54:28.900 Hey, War Room.
00:54:31.680 Hope you're all doing well.
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