The deep state is trying to destroy the Trump administration. The deep state knows exactly how to do it, and it's going to stop Trump from becoming the next president of the USA. The Deep state knows how to get us to the polls, and that's why they're trying to stop us from voting for our own President.
00:00:53.200Five, we're going to have Alternative for Deutschland is going to join us in the bottom of the hour to go through.
00:01:01.680They've been now ruled by German intelligence and German authorities, an extremist party, and a platform out to be banned.
00:01:08.940This follows what's happened of trying to put Le Pen in prison in France with Bolsonaro on trial to be put in prison in Brazil with President Trump.
00:01:20.760As you know, 32 felonies and many more from Jack Smith to come.
00:01:27.360You're seeing it across the board, a coup d'etat happening in South Korea, but big news coming out of South Korea and a candidate.
00:01:33.840If you look around the world to the populist nationalist movement, of which Nigel Farage had a massive victory and essentially crushed both the Labor Party and the Tory party yesterday, the rise in democracy, the rise of us winning in ballot boxes is being thwarted by the deep state.
00:01:54.500That's the only way they can defeat it.
00:02:24.180Because on July 6th, we're going to do something every day.
00:02:26.360In fact, we have the amazing Arthur, as I said, Salia Motion, is going to join us on Monday for an hour to go through about the weaponization of the dollar and how that led to a new world order.
00:02:38.580We're going to go through all this to make sure that you are as intelligent as anybody that's been here.
00:02:43.560Now, why do we make such a big deal about these deficits and debts?
00:02:47.040Because it has to be financed and refinanced.
00:02:50.160What it means is that before, when Dick Cheney said deficits don't matter, it's because it was all in the out years.
00:02:57.260You know, Cain, as an intern, it was just past $2 trillion.
00:03:00.320Well, 38 years later, it's at $37 trillion and basically accumulating at approximately $1 trillion every 100 days because it's so out of control.
00:03:11.220One of the things we remember, when Liz Truss came in two years ago and we made such a big deal, Larry Kudlow and all these guys were running around saying, hey, it's a Reagan side tax cut and this is going to be great.
00:03:22.180And right on the show, he said they missed the plot point here.
00:03:25.800What they're doing is a massive tax cut with no spending, with no concurrent spending cuts.
00:03:49.300The concentration of wealth comes from the federal spending and these massive deficits.
00:03:53.960Now, you talk about, and we've warned about this, the Japanese let the Americans know in this negotiation, as reported by the Financial Times of London,
00:04:04.620leaked by the Japanese, to say, look, we understand we have, not only do we have high tariffs, we do have non-tariff barriers.
00:04:19.320And we're engaged and kind of become part of your trading block and even block out the CCP.
00:04:23.460But when you bring – but we don't know if that will eventually clothe these trade deficits.
00:04:29.380And you guys have said, hey, there's got to be some way to do it, maybe even be some sort of bond that you have to take or some sort of financial commitment, all types of alternatives people are talking about.
00:04:38.980Well, they came back and put a shot across our bow.
00:04:41.840They said, yeah, OK, everything's on the table and let's discuss everything.
00:04:59.520But, guys, you just ain't going to sit there and jam us with this crap all the time and then come to us and say, you're ripping us off in trade.
00:05:44.140That's why they freaked out about $163 million in non-defense discretionary.
00:05:48.900That's the only thing they cared about.
00:05:50.420They didn't even pay attention to the fact that the overall budget didn't go down because their minds never even think about deficits.
00:05:56.200You're right in pointing out that it's about financing the debt.
00:05:59.040What people need to understand is this debt is generally and has been financed on the short end, the six-month, the one-year, the two-year treasuries.
00:06:07.720So this stuff is coming up for refinancing all the time.
00:06:11.220So the most important thing people need to watch in financial markets isn't the stock market and how it's moving, but the bond market and how it handles these weekly treasury auctions where Besson and others have to show back up and sell this debt.
00:06:46.140They couldn't sell tens and thirties because they'd have to pay too much.
00:06:49.240So what they did, they went to what a banana republic does, like Argentina in the old days, right?
00:06:55.020What you do is you just have six months and years, and you're just churning all the time to try to keep it down and try to keep your head about.
00:07:03.200This is your whole point about how do you go bankrupt, right, slowly at first and then all at once because eventually it catches up with you.
00:07:09.280It's like financing your house on a credit card, on an expensive credit card.
00:07:13.380That's what the American elite have been doing.
00:07:16.200The Wall Street people have been doing.
00:07:46.840Yeah, so people understand that even with more granular detail, the low end of the Treasury, the three-month, the six-month, the one-year bills, the interest cost on those is much lower.
00:07:58.780So that's the third world stuff you're talking about.
00:08:01.800That's why the Biden administration and Obama, even before them, the interest rates were so low on the low end that they were refinancing this stuff at 1%, not thinking about how difficult it was going to be when interest rates finally started to rise.
00:08:15.500And that sort of throws the whole thing onto Scott Besson onto his lap.
00:08:20.080He's got to deal with this sort of massive refinancing, you know, caused by the fact that no one was able to go, you know, that Biden wasn't willing to go out five years on the Treasury market.
00:08:31.060So, look, let's get to Japan and China, you know, because China owns a trillion in our U.S. Treasuries as well.
00:08:37.380And I want to cover that really quickly.
00:08:44.960You know, yeah, we've got we've got certain things on them.
00:08:47.520But when they own a trillion dollars of U.S. Treasuries, and as you said, they're going to we're going to want them to buy more.
00:08:53.240Well, look where you know, where did our leverage go?
00:08:56.100And something else, Bannon, that we haven't talked about is the threat of downgrades.
00:09:00.020I'm talking about Moody's, S&P and Fitch.
00:09:03.100As our debt grows from 37 to 40 trillion 12 months from now, 43 trillion 12 months more after that, we're going to get hit by downgrades again.
00:09:12.120They're, you know, Wall Street and and sort of the bond market vigilantes are going to demand it.
00:09:53.640That's one of the downsides of having this huge internationally financed national debt is when you want to crack the whip on tariffs and trading.
00:10:02.200The foreign governments can say, you know, are not even foreign governments, foreign traders and foreign banks can say, you know what, we're not going to show up to Treasury auctions or we're going to require a percent more.
00:10:21.340The control of our nation is about to go from the hands in the 100 percent decisions of Americans, whether they're liberals or conservatives, to the international capital markets.
00:10:37.960The conversions of this as we're redoing the trade, which you have to redo the commercial relationships because you can't keep getting ripped off anymore and having basically free access to this market.
00:10:48.820You either have to move the manufacturing here or you're going to have to pay a toll, number one.
00:10:53.620Number two, in the capital market, the Japanese and the Chinese have been buying, you know, up to a trillion dollars of this and are going to be looked at to buy more sitting there going, well, you know, maybe we – that's fine, but maybe we got to say so in that.
00:11:08.540The hickey in the bond market was it froze – remember two weeks ago about the trade and the uncertainty?
00:11:13.100It froze for a while and then Besson oversaw a 10-year auction that day.
00:11:30.300The third aspect, this is why we're covering the BRICS because that's also global capital markets.
00:11:36.740You have the Japanese are saying this has to be part of the negotiation.
00:11:40.360The Chinese are already telling you that, that if you're going to make us pay more and you say that we're at economic war with you, maybe you have a say so.
00:11:47.180The third element is the BRICS nations, the all others.
00:11:50.780They're sitting there and saying, hey, look, we're having to convert all this into dollars.
00:11:58.420And this is the CCP understands that de-dollarization right now when we're weakest, right, to commence the process, then makes the U.S. off the prime reserve currency.
00:12:10.560Look, Cain and I are absolutely a believer that we have to have a national debate whether we want to continue to be the prime reserve currency and some sort of, you know, Bretton Woods and some sort of thing post-war.
00:12:21.600It's not the post-war international rules-based order because there's a ton of responsibilities that come with that.
00:12:26.540But that's a national debate you have over many years.
00:12:29.840You just don't – you get off it in a short period of time.
00:12:34.620The only reason these people got to suck on it right now is the dollar is the prime reserve currency.
00:12:39.300They need the dollar to convert transactions.
00:12:41.540The only great export we have besides, you know, airplanes and some advanced chips is the dollar because everybody needs it.
00:12:48.680Okay, and that just keeps printing at the federal reserve.
00:12:51.600Yeah, and if it ends, if dollar hegemony ends, the gravy train ends.
00:12:57.960I mean the only reason that we're able to run these kind of deficits year after year and run up a $37 trillion national debt is because the dollar is the world's reserve currency.
00:13:27.220Our eyes have to be open to raising revenue.
00:13:30.440You know, I understand that taxes are the bugaboo, the thing that you can never talk about.
00:13:35.180But look, if we're really going to reform – when I talked about, you know, cutting a $2.4 trillion deficit down to zero in four years, you can't do that all from spending cuts.
00:13:44.240A lot of that has to come from structural changes to some of these entitlement programs, which may mean slowly over 30 years, slightly raising retirement ages.
00:13:54.080It may mean that the Social Security limit of what, $160,000, that's where the tax ends.
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00:18:23.620He basically says the Obama administration worked hand in glove to get a radical like Bergoglio there because they want to control the Catholic Church.
00:18:38.660They talk about democracy and anti-democratic.
00:18:41.880Trump just won a massive victory in November.
00:18:43.780They tried to put him in prison for 700 years.
00:18:45.560And don't think if they don't, when they steal it in 28 or attempt to steal it in 28, if they're able to steal it, they're going to put him back in prison.
00:18:51.400Listen, don't think we're past this sort of Damocles by any stretch of the imagination.
00:18:57.780If people do and all the tech bros and running around and all is great, you're not facing reality.
00:19:03.840Bolsonaro, they went in ICU the other day to an ICU unit.
00:19:08.060The guy had the 12th operation for seven hours or the seventh operation for 12 hours of the assassination attempt to serve him to come back to court because they're going to put him in prison and assassinate him in prison.
00:19:20.440Le Pen, they just gave a four-year prison sentence to.
00:21:23.560They always say it's an independent agency, but this is not an independent agency who came to the conclusion that we are an extremistic organization.
00:21:31.660It's the government, because this agency who came up with this report, with this expert opinion, this is an agency which reports to the Minister of Interior and it has to carry out the government's instructions.
00:21:47.220And this is what they're doing at the very moment.
00:21:49.600So declaring us an extremistic organization is the first step to then ban the whole party.
00:22:12.360A little bit of breaking news coming into us from Germany.
00:22:14.900The Reuters news agency is reporting that the country's domestic intelligence agency has classified the Alternative for Germany party as an extremist entity that threatens democracy, a move that enables it to better monitor the party, which came second, of course, in February's federal election.
00:22:36.260Now, they go on to say that certain factions of the AFD, such as its youth wing, have already been classified as extremists.
00:22:44.880But the party at large was also classified as a suspected extremist case in 2021.
00:22:50.480But now the domestic intelligence agency in Germany is classifying the AFD as an extremist entity that threatens democracy.
00:23:01.020You see how they put it there in that clip British accent.
00:23:03.740You add in Roy says, right, and it all sounds official that these people are Nazis is what they're saying.
00:23:09.760Beatrix, we understand what they're doing.
00:23:35.500And what we've got to save it for is what we have to save it from is this deep state that's running Germany and running all the politicians.
00:24:23.000They're debating about this international support in German media.
00:24:28.000And at the same time, we keep on doing what we do.
00:24:31.820We work in the parliament even though they reject us and they try to prevent us to do what we have been voted for into office.
00:24:39.880They're not even willing to give a room to us in the parliament so we can have our parliamentary group meetings in a room where everyone fits in.
00:24:56.480And so, the next thing, what we have the debate on today is that they are starting to debate to defund AFD.
00:25:06.320So, to no longer give the public funds to us, which we have a right to.
00:25:13.980And all the other parties get the funds as well.
00:25:16.640So, they're trying to destroy us with money.
00:25:21.120It's really, really, democracy is at stake.
00:25:26.620And I think if it's possible to go against the opposition party in Germany, a Western democracy still, if that works out, that will be unprecedented for the rest of the world.
00:25:40.260I mean, we will never be able to blame any other authoritarian regime, any other dictatorship, which is banning the opposition party, if Germany succeeds in doing so.
00:25:52.900It's, I think, one couldn't stress it more.
00:25:56.600It's very, very severe what's going on here.
00:26:28.000We had 20.8% in the last federal election, and ever since this election took place on 23rd of February, our numbers are going up.
00:26:38.880The numbers of the running, not even yet in charge government, the one who will start taking office on Tuesday, their numbers are going down.
00:26:49.820And if there would be an election right now, this government, which will be only in office by Tuesday, has already lost their majority.
00:26:58.240So they really, they always declare they are afraid for our democracy.
00:27:05.280They are afraid we're losing our democracy.
00:27:07.440And what is true is they are afraid of democracy.
00:27:12.660They are afraid of having an opposition party gaining strength, getting strength, getting more powerful by the day.
00:27:21.400And they don't have arguments against our policy.
00:27:24.780So now they're coming up with a government against the opposition party.
00:27:29.340This is a concept which works in Germany, but of course no other Western democracy knows this concept, that the government is able to label the opposition party, to spy on the opposition party, to get the Secret Service involved in that party, and to label it as an extremistic organization, to then take the next step and push forward the procedure to ban the party as a whole.
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00:30:15.000Are you in fear of actually being arrested by German authorities right now as a leader of Alternative for Deutschland?
00:30:21.360Well, not arrested at the very moment.
00:30:26.120But, you know, we are facing severe problems in acting as a democratic party.
00:30:33.300They will not give us the democratic rights we should have in the parliament.
00:30:38.560We cannot participate 100% in what's going on in the parliament because they will not, you know, vote us, get us our vice chairmanships of the parliament and the committees.
00:30:49.560They're not letting us into some important committees.
00:30:54.200So, that's one thing we are addressing.
00:30:58.440But people realize, and when they start, you know, really squeezing us into a room which is not big enough for us to have a group meeting, then the people will see the way they are treating us.
00:31:12.280We've got millions of voters who are voting in favor of a political shift in Germany like you had in the U.S.
00:31:20.940And I think blaming us and going against us is also a response for our support for President Donald Trump.
00:31:28.280We are the only party openly favoring Donald Trump and, you know, being favorable for the new administration.
00:31:37.760And our policy is in line with what the Republicans are trying to implement on the United States when it comes to mass migration and others, the World Health Organization and others policy areas.
00:36:14.260But we come to the conclusion based upon mathematics that unless there is a change and that change would have to be about either a growth rate that was real and actually at three and a half percent or four percent.
00:36:27.080And maybe we can get there one day, but we ain't there the day.
00:36:29.460A growth rate so that more tax revenues came in just on basic growth or significant cuts.
00:37:12.920We're all barbarians are shutting down arts and humanities and taking food away from people and all that.
00:37:18.060But right now, this makes the case you're going to have over a $2 trillion deficit unless you do not give the tax cut to the upper bracket or create a new bracket, a million bucks and make it 40 percent.
00:37:30.060Kane, is the mathematics of Citizens Free Press and Kaneyak in the war room and Steve Bannon incorrect on that, sir?
00:38:05.460And if we have to do it all on spending cuts, then we're going to have to take a meat hatchet to the entitlement programs, which no one wants.
00:38:12.580So this has to come from a revenue side.
00:38:15.080I want to tell people who are upset about the idea that Bannon and I are talking about raising revenues, understand that when we get this under control, when we get this to a manageable level of debt to GDP or even, you know, God forbid, a balanced budget, then we can really fix things.
00:38:33.360Then we can come back in and lower some of these tax rates.
00:38:37.340But until we get there, there is no way that Trump's full 2017 tax cuts can be re-implemented.
00:38:45.100The high-end stuff that you're talking about, the new potential millionaire's tax that Mike Johnson has already said is dead on arrival, well, I think he's wrong, number one.
00:38:54.180But those things have to be on the table.
00:38:56.560And other revenue forms, as I alluded to briefly in the previous segment, look, Medicare, it's 2.93% on all income.
00:39:08.240You make $3 million, they're getting 2.93% of it.
00:39:11.540But as people know, Social Security income taxation is capped at, what, $159,000, $160,000.
00:39:18.960That's a number that I think could go a little bit higher.
00:39:22.120So we would tax Social Security on slightly higher incomes.
00:39:26.520And then, as I said, you know, the great, the thing you're not supposed to talk about, but I would do it very slowly and cautiously.
00:39:33.460Over 30 years, I would raise the retirement age of Social Security by another three, getting it to 70.
00:39:39.760So that means every 10 years, it goes up one year.
00:39:42.460So this is not going to hurt people who are really close.
00:39:45.120But these are the kind of solutions that have to be on the table.
00:39:47.820And the last thing I'll say, Bannon, before I throw it back to you, I think Trump needs to appoint a deficit czar.
00:39:53.900Look, somebody who will make a national address from the Oval Office every three months, this is a winning formula for 2028.
00:40:03.460Independents and even Democrats know that the national debt is a huge problem.
00:40:07.920So if you make that one of sort of the tenets, this MAGA party is willing to do the difficult things and appoint a deficit czar and talk to the American people three months about the cuts that have to happen and maybe the changes in entitlements, I think that helps us get there.
00:40:24.560The only person – and look, you're not going to get into entitlements until you show that you do the discretionary.
00:40:30.040Look, the addition – the tax cuts, by extending it for the middle class and the 17 cuts for the middle class and working class, plus no tax on tips, no tax on overtime, and no tax on Social Security for the middle class and working class, that's somehow got to be financed.
00:40:45.780This is the biggest tax cut for middle class and working class people in history, and it's got to be presented like that.
00:40:51.800The only person that could be the tax czar from the Oval is only one person.
00:40:56.780This is Trump's – only Trump can explain it to the American people.
00:40:59.960Only Trump's going to have the credibility that the American people believe.
00:41:03.960All the issues about entitlements, to me, can't get done until you've solved this thing for the discretionary because we're a long way from solving it.
00:41:11.260The 570 down to 595, that cut – it's a 23 percent cut on non-defense discretionary.
00:41:18.820The firestorm you're about to see over the weekend on the Sunday shows and next week is like President Trump – this is the visigoths outside of Rome in 400 and are about to burn the city, right?
00:41:30.700And this is what I keep saying about the convergence of deportations with these cuts.
00:41:35.300They're going to have cameras in front of every little kid's face saying, you know, Trump's taking away my toys on tariffs and trade from China, and now he's taking away my school lunch program.
00:44:43.380So I'll be up all weekend on social media on Getter.
00:44:48.300We're going to be putting a ton of stuff up.
00:44:49.640A lot of work's happening over the weekend, and the president now, you've got the budget, the skinny budget.
00:44:54.440They're going to come up with more depth, but you've got the House working on these different appropriations, processes, the Senate's doing their thing.
00:45:00.880And the next 100 days, these 100 days we're in, are going to define the direction this goes.
00:45:06.540This is more important than the 100-day start.
00:45:09.380100-day start, we had years to prep and get ready and kind of have muscle velocity and bang, bang, bang, flood the zone.
00:45:16.820This is now where there are forces of resistance institutionally.
00:45:21.240You know, you kind of run these guys, keep momentum, and you've got to keep momentum, but now you're getting into it.
00:45:26.000Remember the three verticals, one, end the kinetic wars.
00:45:31.060Two, make sure you can seal the border and deport 10 million.
00:45:35.420And you're making massive progress on both of those.
00:45:38.360And number three, get into the middle of the trade, the commerce, the economy, the how you finance it, the deficit, all of that, which is enormously complicated, many moving pieces.
00:45:49.880So now it's full engagement, and we're going to see – we're going to win.
00:45:54.060It's just going to be – I tell folks, it's going to be quite gnarly, quite gnarly.
00:45:59.840This has kind of gone from the revolutionary generation to the foundation of the country.
00:46:03.640Remember, Trump is like Washington and Lincoln in the fact of the three great presidents, both at the birth of the nation, the rebirth of the nation under President Lincoln, the now rejuvenation and restoration of the nation under President Trump.
00:46:21.340All those kind of go from one sort of almost like a revolutionary to a new stasis of – it's like the revolutionary generation versus the founding generation.
00:46:51.180He was leading a revolutionary army that only about one-third of the people max actually supported.
00:46:59.020Don't fool yourself that there was overwhelming support for the revolution kind of at the beginning.
00:47:07.560You had one-third admirably opposed, which are the Tories here in this country, Americans, or, you know, all of them were British subjects when they started, but people that were Tories.
00:47:16.480And you had one-third in the middle, like in life, like you got in the United States now.
00:47:19.640They're going to kind of figure it out.
00:52:04.640And one thing we do, like with Philip Patrick, Mike Lindell, we set these relationships up so that you can get relationships with these companies, right?
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00:52:51.060He's our wise man, a former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital markets.
00:52:58.160Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual number itself.
00:53:07.960Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.
00:53:15.540His 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.
00:53:27.120Right now, War Room members get a free copy of Money GPT when they sign up for Strategic Intelligence.
00:53:33.900This is Jim's flagship financial newsletter, Strategic Intelligence.
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