Bannon's War Room - Episode 4470： Day 2 Of The Conclave; Trump Bridges Monumental Trade Deal With UK

00:00:00.000 yet selected a new pope the second vote of the day just wrapped up just before the show started

00:00:06.220 with black smoke rising from the top of the Sistine Chapel the ballots are only burned after

00:00:13.040 two rounds of voting unless a selection is made yesterday we also saw black smoke rise above the

00:00:20.340 Sistine Chapel if we see white if we see white smoke it signifies there is a new leader of the

00:00:28.280 Catholic Church a two-thirds majority needs to be reached in order for that to happen two more votes

00:00:36.200 will be held today out of the more 250 cardinals in Vatican City only 133 are eligible to vote under

00:00:45.360 those the age of 80 can cast a ballot your sense of how you believe the church may go after Pope

00:00:52.500 Francis in terms of its choice of a new pontiff well right that's the big question

00:00:58.040 in terms of the electoral process things are kind of going as you'd expect we'd be very surprised if

00:01:03.240 there was white smoke either last night or today now possibly the end of today Pope Francis was

00:01:08.700 elected on that fifth ballot my guess is tomorrow I think it might be a little more divided conclave

00:01:15.800 we heard during the general congregations those discussions before the conclave that there were

00:01:21.020 disagreements about the direction of the church some wanted to go you know very much with the

00:01:25.800 Francis momentum others felt this was problematic one of the difficulties in talking about the church

00:01:30.800 is we tend to look at it through our western lens and so we have certain preoccupations usually around

00:01:36.160 questions of sexual morality but go to Africa for instance where the church is burgeoning but also

00:01:42.800 under great persecution go to the church in Asia and you see the inter-religious dialogue is of huge

00:01:48.220 importance so they're considering all these different dimensions of the church's life and there's

00:01:53.360 something you know happening inside the walls of that uh Sistine Chapel right now and uh we'll see

00:01:58.800 my sense is it might be a little more divided than it was last time also I'd say speak politically last

00:02:05.260 time the the more liberal faction was better organized this time I know the conservatives were better

00:02:10.820 organized going into the conflict that could lead to a little more of a deadlock they focus on one small

00:02:17.320 set of of issues and you were talking about uh sexual morality sexual issues whether it's abortion

00:02:23.400 whether it's same-sex marriage um um but but for most of the world especially in this we keep talking

00:02:32.120 about the south uh they talk about that but you're right the focus is on religious persecution it's on 0.92

00:02:38.580 those matthew 25 issues where jesus talks about feeding the poor uh clothing the naked bringing hope to the

00:02:45.920 hopeless underline that fact for us and explain to americans that are watching right now this is

00:02:52.240 this isn't just about what uh somebody's position on abortion is going to be or uh or or on same-sex marriage

00:03:01.040 right and that's the beautiful part of the francis papacy i think they all want to carry forward

00:03:06.560 he wanted a church that that turned with a merciful face toward the world that was the friend of the

00:03:11.760 marginalized the friend of the poor and the forgotten and i think that's the great legacy

00:03:16.160 of paul francis as far as i'm concerned they they all want that to continue it's in regard to some

00:03:21.440 other issues that i think they will find greater division but i you know concrete is often involved

00:03:26.960 you know taking what they consider the best of the previous papacy and then maybe trying to correct

00:03:32.080 difficulties in the previous papacy and it's a it's a playing out of those those issues there's also the

00:03:37.440 question of the personalities involved so one thing is the position the cardinal holds the other one is

00:03:42.640 the cardinal himself what kind of person is he even his age even his health uh even your personal

00:03:49.920 interactions with him often at the general congregations the cardinal will say that guy gave

00:03:54.800 a speech or i just sent something in him that i thought was you know worthy of a pope so all those

00:04:00.640 factors are at play as in any political reality and this one on a very small scale we got 133 electors

00:04:08.480 and they're weighing all these different elements

00:04:13.360 this is the primal scream of a dying regime pray for our enemies because we're going medieval on these

00:04:21.760 people here's not got a free shot all these networks lying about the people the people have

00:04:28.160 had a belly full of it i know you don't like hearing that i know you try to do everything

00:04:32.000 in the world to stop that but you're not going to stop it it's going to happen and where do people like

00:04:35.760 that go to share the big line mega media i wish in my soul i wish that any of these people had a

00:04:43.920 conscience ask yourself what is my task and what is my purpose if that answer is to save my country

00:04:52.080 this country will be saved war room here's your host stephen k bannon

00:05:05.760 well ladies and gentlemen welcome aboard today's edition of war room stephen k bannon out on

00:05:12.160 assignment yet jack basobiec here covering down live from rome italy we are just steps

00:05:21.760 away from the vatican itself where the world awaits the selection election of the next pope today is

00:05:31.680 may 8th 2025 year of our lord and yet the news goes on so earlier today we just saw the second of the

00:05:40.880 votes that came in so third votes overall black smoke puff of black smoke from the sistine chapel that

00:05:47.520 ceremonial chimney that's put above a lot of talk about what is going to come out later possibly a pope

00:05:54.080 today possibly a pope tomorrow and we have catholics for catholics we're really thanking them for

00:05:59.440 sponsoring my portion of this trip out here john yep we're hoping to get him on possibly in the second

00:06:04.880 hour but what people need to understand is that we are hoping and praying number one that the holy spirit

00:06:11.600 of course goes into that conclave but also that the conservatives that cardinal burke that so many

00:06:18.080 others hold the line and we're praying and calling for all of the conservative cardinals to hold the line

00:06:24.800 we know they've held the line thus far because cardinal powerland and some of the other progressives have

00:06:29.840 not been able to get in on three ballots now so that means for three ballots they have held the line now we're

00:06:36.560 going to continue monitoring this chimney the most watched chimney in the world because at in about 30

00:06:44.400 minutes the cardinals will return to the sistine chapel the sistine chapel itself got to talk to the

00:06:51.040 guys over at silence maybe they had maybe they worked with them i don't know but they have turned the entire

00:06:55.760 sistine chapel into a faraday cage and they're doing so in order to keep all signals going from going in

00:07:04.480 or coming out so that no influence from outside also no uh no eavesdropping no subversion nothing else

00:07:12.080 will be able to get in of course the news of the day continues president trump very soon will be

00:07:18.800 speaking from the white house and we'll cut to that directly when he does huge trade deal with the uk

00:07:25.600 also i've got to show this just ridiculous clip from earlier today because there wasn't just black smoke

00:07:34.240 coming out across the vatican i was i was looking across the rooftops at one point and i said is

00:07:39.600 that some pink smoke coming up is that pink smoke let's play the clip the clip and see what happened

00:07:45.200 smoke out sexism a woman's place is in the conclave smoke out sexism we are doing this because we know

00:07:54.000 we've got a little window of time before the cardinals are sequestered inside that sistine chapel

00:08:00.080 with no access to their social media and their phones that they will see the pink smoke over

00:08:05.040 the vatican and they will know that women are sending a clear signal that they cannot go in with 1.00

00:08:10.400 133 men deciding the future of catholic church without half of that catholic church they are going

00:08:18.000 to talk about all sorts of issues they will not talk about the ordination of women and priests women

00:08:22.160 priests and the equality of women

00:08:36.320 absolutely ridiculous well as my as my brother kevin actually tweeted earlier today sorry ladies 0.99

00:08:42.720 as it turns out vatican city is a place where women don't vote and and this is ridiculous what you're 1.00

00:08:48.560 seeing is the influence of the progressives they're trying as hard as they can look these are the people 0.75

00:08:54.800 that want to change the church they are the people that want to come in and say oh christianity should

00:08:59.120 be more open christianity should be more uh inclusive we want to be more touchy feely we want to go out

00:09:06.480 and be more worldly no absolutely not we need to embrace tradition we need to have more of the traditions

00:09:14.480 of the church the traditions of the early christians the traditions of the faith that is the faith upon

00:09:20.320 which all is built that is the rock upon which of course saint peter's basilica right there the church

00:09:28.480 was built the keys handed over by christ to his royal stewards the apostles to maintain the church until

00:09:37.680 the return of the king and now the next successor of saint peter perhaps in just a couple of moments

00:09:46.560 perhaps just in a couple of hours we'll see that white smoke and of course what happens immediately

00:09:51.280 after that the new pope will come out from the balcony and of course we're monitoring it as much

00:09:57.520 as possible when when we look to this election of a new pope and and people say well what what if i'm

00:10:03.760 not catholic who cares and i was uh had an interview with charlie kirk yesterday and he's evangelical so

00:10:08.720 he was saying what is it and i pointed it this way 1.5 billion catholics in the world and in

00:10:16.640 essentially also a major world leader and major figure in his own right that's what the pope is

00:10:22.320 historically the pope has been a benchmark for all of western civilization and the question is where do

00:10:28.560 we want western civilization to go do we want another globalist do we want another globalist leader

00:10:35.600 pushing these ideas of no borders of no barriers of no nations we're all going to mix together we're

00:10:42.080 going to have this globalist state like uh like klaus schwab the former klaus schwab wanted sources that

00:10:49.520 was soros's open society vision that's why they're against borders that's why they're against the wall that's

00:10:56.160 why they said refugees everywhere the migration settlement that's what was being pushed and you

00:11:00.560 saw that being pushed from the vatican itself that's what needs to change not to mention what

00:11:07.520 about what have i always said here on war room and on my own show human events daily the issue of course

00:11:12.720 is the elite merger not elite capture elite merger of the of the west and the corrupt chinese communist 0.84

00:11:19.920 party the chinese communist party which signed a deal signed a blood deal with the previous pontificate

00:11:28.320 and by the way that deal was worked on by three people pope francis former cardinal cardinal mccarrick

00:11:36.720 he went down over crimes with kids and who was the third in on that cardinal parolin cardinal parolin

00:11:43.200 who is currently the progressives number one man for the papacy he's the one that they're pushing as hard as

00:11:49.040 as possible well as it turns out these were the three guys that were working on that deal with

00:11:55.360 the chinese communist party complete sellout and betrayal of the catholics and christians all across

00:12:02.400 china the underground christian churches cardinals and everyone who's working so hard to spread the

00:12:08.080 word of god and spread scripture throughout the chinese mainland so that people there can know the

00:12:15.200 truth about god i remember i remember when i was living in china and i would go to easter services

00:12:20.240 or i wanted to go to church you had to show a passport to prove that i wasn't a chinese citizen

00:12:24.720 do it so that i could go to church why because they might be saying things in there that are unapproved

00:12:31.280 by the party leadership well you know what folks that's not what we're going to be doing around here

00:12:36.160 we're going to be doing lots of things and saying lots of things and spreading lots of truth that's not

00:12:40.320 exactly approved by party leadership because that's what we do here on the war room and so

00:12:47.600 we pray we praying here and of course we are putting and exerting whatever influence we can

00:12:53.840 from our position here from from having our voice and from even going down there kevin

00:12:59.360 posovic is right now on his way to saint peter square we're going to get him up in a minute we know

00:13:04.000 president trump's speech will be imminent but we're going to have people there and interview because when

00:13:08.880 you talk to gen z when you talk to the youth right now the faithful youth they don't want this namby

00:13:14.640 pamby shallow substanceless faith they want the real thing they want the orthodoxy they want the

00:13:21.840 tradition they want the veils they want all of it and they want to be able to do so knowing that the

00:13:27.360 head of the church is backing then remind everyone birch gold right before we go to the break go out

00:13:34.160 support the war room so steve always says support the sponsors head out to birchgold.com

00:13:39.920 bannon or you just text bannon 9898 you're going to get your ultimate guide for gold in the trump

00:13:46.560 era and of course as we talk about the changes in world leaders the tumultuous times turbulent times

00:13:53.040 you want to be able to have that beacon so go text birth text bannon 98 98 98 birch gold we will be back

00:14:03.200 very very soon we're here live at the vatican in rome italy jack posovic double duty stephen k bannon out

00:14:13.120 on assignment i'm here live doing my show human events daily and right now covering down on the war room

00:14:21.040 let's send it out vatican city we're praying that christ himself through the holy spirit will be

00:14:28.000 present so i suggest you take a look inside

00:14:36.320 because i think you've changed already you went and lost your pride but i'm american made

00:14:48.080 i got american partner i got american babe

00:14:54.160 this july there is a global summit of brics nations in rio de janeiro the block of emerging

00:15:05.760 superpowers including china russia india and persia are meeting with the goal of displacing the united

00:15:13.120 states dollar as the global currency they're calling this the rio reset as brics nations push 0.99

00:15:20.080 forward with their plans global demand for u.s dollars will decrease bringing down the value of

00:15:24.800 the dollar in your savings while this transition won't not happen overnight but trust me it's going

00:15:31.600 to start in rio the rio reset in july marks a pivotal moment when brics objectives move decisively

00:15:39.120 from a theoretical possibility towards an inevitable reality learn if diversifying your savings into gold

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00:15:53.280 ira and precious metals claim your free info kit on gold by texting my name bannon that's b-a-n-n-o-n

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00:16:12.560 july and the rio reset text bannon b-a-n-n-o-n to nine eight nine eight nine eight do it today that's the

00:16:22.160 rio reset text bannon at nine eight nine eight nine eight and do it today judges and the judiciary is a

00:16:29.840 co-equal branch of government separate from the others with the authority to interpret the constitution

00:16:37.280 as law um uh and strike down obviously acts of congress or uh acts of uh uh of the president

00:16:44.720 and that innovation doesn't work if it's not the judiciary is not independent uh its job is to

00:16:52.560 uh uh obviously decide cases but in the course of that uh check the excesses of congress or of the

00:16:59.920 executive and that does require degree of independence what do you think of these calls

00:17:03.920 for impeachment of judges based on the decisions that they've made well i've already spoken to that

00:17:09.600 and you know impeachment is not how you uh register disagreement with decisions uh that's what you're

00:17:15.280 for right that's what that's what you're there for that's what we're there for yeah what do you

00:17:19.680 think of these calls for impeachment of judges based on the decisions that they've made well i've

00:17:24.960 already spoken to that and you know impeachment is not how you uh register disagreement with decisions

00:17:30.720 Uh, that's what you're for, right? That's what, that's what you're there for. That's what we're

00:17:34.140 there for. Yeah. All right, folks, Jack Posobiec here. We are back live in Rome, Italy. We're at

00:17:46.400 the Vatican waiting to see whether white or black smoke will appear from the top of the Sistine

00:17:55.560 Chapel, the ceremonial chimney, which has been erected. But folks, I watched this interview

00:18:02.260 with chief justice, John Roberts, and my blood started boiling. I immediately started firing

00:18:07.700 off texts to the viceroy, Mike Davis. Do you hear John Roberts up there? Now this guy doesn't usually

00:18:13.620 give interviews. So when the chief justice gives an interview like that and sits down and speaks

00:18:17.920 candidly like this, which is something that you've never done that, you know, he's going to say

00:18:22.600 something serious and you know, he's going to say something that he wants to get out there.

00:18:27.240 And what are the things that he's saying? First of all, he comes out and says that we shouldn't be

00:18:32.900 impeaching judges for disagreements. No, John Roberts, chief justice Roberts. We're not impeaching

00:18:40.780 judges or talking about impeaching judges for disagreements. It's for dereliction of duty. It's

00:18:48.740 for failure to perform. Your job is not to play games with the law and the constitution. Your job

00:18:56.120 is to implement them. Your job is to make sure that the laws are followed faithfully and, and that the

00:19:03.060 laws are in line with the constitution, which perhaps might even be something that's up for discussion.

00:19:07.460 It is not your job to sit there and say, oh, well, it's a disagreement. No, it's not a disagreement.

00:19:14.340 It's not that we lost a case. It's because you are not following the law because you won't do your

00:19:20.520 job. And we've seen this from judge Boseberg to so many others out there that they are simply not

00:19:26.380 willing to stand up with this. Now, when it comes down to the next piece of it, he says, what is the

00:19:34.060 role of judiciary? So the role of the judiciary is to, and I just want to say this, this is exactly what

00:19:40.680 he said. I'm going to read it word for word to check the excesses of Congress or the executive

00:19:47.880 to check the excesses of Congress or this notice John Roberts never said anything about the excesses

00:19:55.760 of Congress or the executive during the time when Joe Biden's regime, the illegitimate regime of Joe

00:20:02.540 Biden was in office when they were locking up Patriots, when they were locking up pro-lifers,

00:20:07.960 many cases, the J sixers being held without even a trial, but that wasn't an excess. That wasn't a 0.97

00:20:14.000 problem at all. So many unconstitutional acts by that administration, yet he didn't have a problem.

00:20:19.120 He didn't come out and speak. John Roberts, you are up there making policy decisions. You are making

00:20:27.280 policy statements. You're giving your opinion on policy and politics. Let me tell you something.

00:20:34.820 If you want to weigh in on that, if you want to legislate, if you want to be the executive John

00:20:41.680 Roberts, then why don't you be a man and step up and run for office? Why don't you be a man and put

00:20:47.240 your name on the ballot? Come on, 2028 is coming up, or maybe there's a Senate seat. Maybe there's a

00:20:51.880 House seat you want to go for. Why don't you have at it? Throw your hat in the ring. But if you're going

00:20:57.320 to be a judge, be a judge. Don't sit there and say that you get to determine what are the excesses

00:21:05.200 of Congress or the executive or the president. We know what this is about. And I don't think for

00:21:09.940 a second that I've forgotten, by the way, John Roberts, that you were the one who screwed up

00:21:14.420 President Trump's inaugural address, the inaugural oath of office, when you rushed the oath. And that's

00:21:21.440 what you didn't wait for First Lady Melania Trump to come up there with the Bible so he could have 1.00

00:21:26.160 his hand on it. You were fine when it was J.D. Vance. Totally fine for that. No, you did it on

00:21:30.940 purpose. It was deceitful. It was deliberate. We know you did this on purpose. And now we can all

00:21:37.400 see your bias completely worn on your sleeve. I guess justice isn't quite as blind as she used to

00:21:43.760 be, is she, John? Not quite as blind as she used to be. This is ridiculous. And look, when we talk about

00:21:51.400 bad justices out there, folks, this is what we're talking about. Oh, the excesses. This is

00:21:56.140 same mentality, by the way, that Washington, D.C. had when President Trump was in office the first

00:22:00.980 time. Only, where did you hear it? Not from the Supreme Court. Of course, they were obviously

00:22:06.340 saying this behind closed doors. No, you would hear it from the chief of staff when John Kelly

00:22:12.100 was the chief of staff. You would hear it from Mad Dog Mattis. Remember Mad Dog Mattis? He was such a

00:22:17.720 mad as a dog. Yeah. You would hear it from all of these. H.R. McMaster, and they would have daily calls 0.99

00:22:23.940 every morning. How are we going to defend the country from Trump, defend the republic from Trump

00:22:30.920 as they were working to subvert him day in and day out? We know about the subversion. We know about

00:22:36.020 all of it. No, no. It's ridiculous. It is a joke and is a big, big problem because they believe that

00:22:45.320 they are the ones who are in control of the country. They believe that it's their decision. And when I got

00:22:50.280 into it with Jamie Raskin a couple of weeks ago, I guess last week now, he said, we're the voice of

00:22:57.060 the people. We are the voice of the people. We are the representatives of the people. No,

00:23:03.640 Jamie Raskin, you're not the voice of the people because the people didn't vote for you. The popular

00:23:09.260 vote and seven out of seven of the swing states, including the electoral college, was won by Donald

00:23:15.560 J. Trump. Donald Trump is the voice of the people because he's who they voted for. Do you understand

00:23:22.480 that? Once you get that through your little skull, Jamie Raskin, okay? He's the one who's the voice of

00:23:29.040 the people. Not this idea of you and your union thugs. I don't care how many union thugs you want

00:23:34.700 to send out, by the way, Jamie Raskin, send them all. Send every single one. And so I don't want to hear

00:23:41.040 it. I don't want to hear it at all. The excesses, John Roberts wants to say, the excesses of

00:23:46.920 the executive in Congress. We know what this is about. This is the full court press now

00:23:52.320 on Trump's agenda. And notice he doesn't say anything, by the way, because they've overturned

00:23:57.580 a number of these lower court rulings. They've overturned them. So if you're going to overturn

00:24:01.840 the lower court rulings, wouldn't you say it's the excesses of your own judiciary, John Roberts?

00:24:08.320 Wouldn't you say that's the excesses? Wouldn't you say that's the problem? Wouldn't you say

00:24:14.080 that's what they want you to focus on? Couldn't you come out and say, well, you know,

00:24:21.620 there's been some issues with these judges. They're legislating from the bench. They're

00:24:25.760 becoming activist judges. They're the ones who are putting it. No, no, it's not that at all. You're

00:24:30.160 not saying it. What you're doing is you're putting your own bias first. That's why we're seeing these

00:24:37.000 decisions where Roberts and Amy Coney Barrett, ACB, are siding with the liberals. We know what

00:24:45.720 this is about. This is because you don't want the people's agenda, the MAGA agenda,

00:24:51.260 President Trump's agenda to go through. And so you'll sit there. No, I get it. You'll color within

00:24:56.360 the lines. You'll vote when you have to. But deep down, that's what John Roberts is telling you,

00:25:00.880 folks. He's telling you that even after all of this, what does he care more about? His own legacy.

00:25:06.760 He cares about his Wikipedia page more than he cares about doing his job. He cares about what

00:25:12.480 the Atlantic talks about him, says about him. Oh, the Atlantic, by the way, got to love the Atlantic,

00:25:17.500 where they're running headlines now talking about the threat of the woke right. Oh, the woke right.

00:25:24.180 They come up with these terms every couple of years. Remember, it was what was it? Ultra MAGA

00:25:30.820 and the woke right and all the rest of this, because they can't quite figure out a way or a

00:25:36.500 new pejorative. So the new pejorative just dropped, new label just dropped. We've got to attack the far

00:25:41.540 right, the woke right, the MAGA, ultra MAGA. It's nonsense. It's Americans who love their country, 0.56

00:25:48.480 who decided to stand up and say, this is our home. This is our nation. These are our families.

00:25:55.920 These are our children. We're going to live for them. And we don't care about your establishment

00:26:00.340 parlor games anymore. We don't care what names you call us from the swamp. You've already called us,

00:26:05.600 certainly for me, you've called me every name that you could think of already. So what do you think

00:26:09.740 I'm going to do? You think I'm going to sit there and say, oh my gosh, no, another label. Oh no.

00:26:14.340 Oh, darn. But you know what I will do? I'm not going to sit there and cry about your little labels. 0.99

00:26:19.840 What I'm going to do is I'm going to take that energy and use it to win. And then I'm going to

00:26:24.500 win some more. And then I'm going to keep delivering wins for President Donald J. Trump. And he is going

00:26:29.700 to roll over every single one of you. So say what you want about his Wikipedia page. I don't care

00:26:35.500 about Wikipedia pages as much as you do. I don't care about whatever ink the scribblers over at the

00:26:42.080 Atlantic are wanting the right. Because at the end of the day, they will be gone. They will be

00:26:47.260 absolutely gone. And as we're here in Rome, we are thinking about the eternal. We are thinking

00:26:52.600 about the transcendent. This is why, by the way, believers and Christians and anyone who has that

00:26:59.500 firm, deeply rooted belief in God as their creator is such a threat to their program, such a threat to

00:27:06.040 their agenda. Why? Because we don't care what you say about us. We will be judged once by our

00:27:12.580 heavenly father. And that is the only judgment that we are worried about. So we don't care what

00:27:18.040 the New York Times says. We don't care what the Atlantic says, New York magazine or all the rest.

00:27:23.580 Although I believe Ben Harmwell is doing a sit down with New York magazine right now. And as I've been

00:27:28.220 New York magazine, those guys, those guys are out there, man. They are, they are not some guys you

00:27:32.620 want to hang out with, but whatever. Folks, we are awaiting President Trump. He is going to be

00:27:38.320 speaking imminently trade deal with the UK representatives of the UK. The British invasion

00:27:44.960 is here in Washington, DC. Well, I am here in Rome, Italy, covering down on the conclave. So we're going

00:27:56.720 to be watching for that white smoke, that pearly white smoke. In just a few minutes, the Cardinals

00:28:03.200 will begin voting again. It is currently 10.30 Eastern time, but it is 4.30 p.m. here in Rome,

00:28:12.060 Italy. Jack Posobiec, guest hosting War Room. We'll be right back with break.

00:28:16.640 It's all, oh, oh, it's true

00:28:20.480 Modern day will be war 0.99

00:28:26.720 What if he had the brightest mind in the War Room delivering critical financial research every

00:28:31.920 month? Steve Bannon here. War Room listeners know Jim Rickards. I love this guy. He's our wise man,

00:28:38.420 a former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital

00:28:44.080 markets. Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual

00:28:52.520 number itself. Now he's issuing a dire warning about April 11th, a moment that could define Trump's

00:28:59.400 presidency in your financial future. His latest book, Money GPT, exposes how AI is setting the stage

00:29:06.580 for financial chaos, bank runs at lightning speeds, algorithm-driven crashes, and even threats to national

00:29:13.120 security. Right now, War Room members get a free copy of Money GPT when they sign up for strategic

00:29:19.260 intelligence. This is Jim's flagship financial newsletter, strategic intelligence. I read it.

00:29:25.900 You should read it. Time is running out. Go to RickardsWarRoom.com. That's all one word,

00:29:30.900 Rickards War Room, Rickards with an S. Go now and claim your free book. That's RickardsWarRoom.com.

00:29:38.140 Do it today.

00:29:38.900 President Trump has set off what could end up becoming a full-blown trade war. As we go down

00:29:45.900 this path, it's worth keeping something firmly in view. Tariffs don't work. I'm not spouting free

00:29:53.580 market theory. I'm simply making a practical observation. There have been many efforts in

00:29:59.560 recent decades to help industries in decline in America. I can think of no case where tariffs have

00:30:06.800 worked to reverse that decline, except temporarily. Take the most recent example. Before Trump,

00:30:14.180 tariffs on tires put in place by President Obama. In 2009, after complaints from American companies

00:30:20.640 about cheap Chinese imports, the Obama administration slapped a 35 percent tariff on Chinese tires.

00:30:27.540 shall we call them tariff downers? Because as you know, we are awaiting a historic press conference

00:30:35.520 coming from President Trump, believed to be with the United Kingdom. And of course, Chinese negotiations

00:30:43.840 are forthcoming, too. It's Natalie Winters. Jack Posobiec, I think, is adjusting part of his set,

00:30:49.800 but we'll have him back. I think we got some people over at the White House, too, that we may

00:30:53.380 go to. I guess the White House is running a little behind schedule, though I guess we'll give him

00:30:57.600 a little bit of grace when you're upending the entire global trade order. But I want to pick up

00:31:03.660 on something that Posobiec was mentioning before we get into, I think, just how historic today is.

00:31:09.620 And there's some interesting, shall we say, voter fraud investigations, accusations, actually,

00:31:14.680 in this case, indictments. You know, here in the war room, we speak in prison sentences and not

00:31:19.100 strongly worded letters. Those coming out of Texas, we'll get into all of that and how the New

00:31:23.260 York Times is, I guess, predictably running cover, trying to make you feel bad for ballot

00:31:28.220 harvesters and people who tried to rig elections. But I want to bring your attention. I can think

00:31:33.440 this all really, frankly, merges and meshes quite nicely with the tariffs, the trade imbalance,

00:31:39.960 reorientation, restructuring that President Trump has undertaken. That individual by the name of

00:31:45.840 Cardinal Theodore McCarrick that Jack Posobiec had mentioned, who was essentially the envoy,

00:31:50.120 the lead negotiator for a lot of these Vatican and China negotiations. Well, he's a quite interesting

00:31:56.740 character, because if you can believe it, he actually has deep ties to none other than Hunter

00:32:02.080 Biden. I had broken the story years ago, but McCarrick had actually spoke at several events

00:32:08.200 hosted by CEFC China Energy. You may recall that is the Chinese Communist Party paramilitary

00:32:15.540 influence organization that's chaired by a man by the name of Patrick Ho, who boasted about being the

00:32:21.820 effing spy chief of China. Now, I know we're called China hawks here in the war room, but I think

00:32:28.120 even Democrats would agree that maybe that rises just marginally to a national security threat status.

00:32:34.520 Nonetheless, like I said, the lead negotiator on this China Vatican deal was McCarrick, who repeatedly

00:32:41.440 spoke at these CEFC events where Hunter Biden was listed as the managing director, including but not

00:32:47.380 limited to one of their events in 2012, the New York Forum on World Civilizations and in 2013,

00:32:53.220 core values and world order. But it gets even worse. And why am I bringing this up? Because I think

00:32:59.460 there's a striking, if not deafening parallel to so many of the trade deals that we've seen go on

00:33:04.860 between this country and the PRC and the common thread, the common variable there being that

00:33:10.220 every person who was involved in negotiating them, though, I don't even like the term negotiating

00:33:15.460 because that implies that you had a seat at the table. You never did. And now all the people who

00:33:20.520 are apoplectic over what President Trump is doing to rebalance these trade deficits, the actual abuses

00:33:26.440 and abusive relationship that the CCP, but of course, all their proxies, right? The Belt and Road

00:33:31.520 made in China 2025. Take your pick. But the way that they've been able to score these deals, I think

00:33:36.300 there's a very interesting microcosm and sort of representation of what happened in this one China

00:33:42.020 Vatican deal with our trade deals more broadly. And it's so interesting because McCarrick, I guess he

00:33:47.300 just loved the PRC so much that he actually wrote several articles for their quarterly journal that they

00:33:53.200 would publish talking and praising, like I said, the spy chief of China, Patrick Ho, quote, I do not have

00:33:59.580 the brilliance or the learning to match Patrick. He even calls him brilliant again. I guess he really

00:34:04.960 thinks a Chinese Communist Party spy is brilliant. That should tell you all you need to know. He goes 1.00

00:34:09.460 on to actually draw parallels between, catch this, Xi Jinping and the Pope, many paragraphs about how

00:34:16.720 they're so similar in saving the world before, I guess, his final act in this one article, talking

00:34:22.440 about how there are connections that exist between doctrines of Catholics and the Communist

00:34:26.640 doctrine. Now, I don't know about you. I've been around long enough to know what Chinese Communist 0.97

00:34:32.920 Party, not just compromise, but merger looks like. And this is a telltale sign. Yet again, another

00:34:40.720 called shot for the war room, though, like I always say, and I'm sure you share my feelings in this, we

00:34:45.520 don't necessarily want to be right, right? I wish COVID-19 weren't a bioweapon launched by the Wuhan 1.00

00:34:51.160 Institute of Virology. But unfortunately, that's what the evidence, despite the CCP's best efforts to

00:34:56.620 stonewall every single ounce of all of that, gain-of-function research. Aside, that's

00:35:02.880 obviously where it came from. But yet another called shot, which I think dovetails quite nicely

00:35:07.720 with this whole idea that President Trump, the MAGA movement, Trumpism as an ideology has been right

00:35:14.180 from day one. There's an article from the New York Times today, let's toss it up, about a Ken Paxton

00:35:19.740 indictment, alleged investigation. People may recall what was it a few months ago, the LULAC

00:35:26.160 organizers. Of course, the New York Times was melting down because I guess they were in their

00:35:30.800 their 80s. I would like to introduce them to all the dead Democratic voters that I guess

00:35:35.920 on their voter rolls. But it's quite interesting. If you read this article, I'll read you a paragraph

00:35:42.420 of it and you tell me who you think they think the victim is. Now, five people all with ties to

00:35:48.220 Democratic candidates are accused of illegal vote harvesting, which usually involves knocking on

00:35:52.960 doors and asking if volunteers can deliver completed absentee or mail-in ballots to voting centers

00:35:57.860 or ballot drop boxes. The piece goes on. I don't think they have even one paragraph sentence or a

00:36:04.720 positive phrase mentioning that voter fraud is real, that the people who were indicted were caught

00:36:09.840 harvesting ballots illegally, right? They demean and paint Ken Paxton as an absolute lunatic. 0.96

00:36:17.780 Well, I think my critique, honestly, something we've been hammering for these past few days,

00:36:21.900 would go all the way back to people like Senator Tillis, right? They can talk so tough, so tough,

00:36:28.860 so much so that they can't vote to confirm Ed Martin because of what? The debatable nuance between

00:36:35.680 a three-day prison sentence or a three-year prison sentence over some January 6th, I guess,

00:36:41.040 violent offenders who entered a building where the door was open for them? Do you ever hear these

00:36:45.900 people talk that tough about, I don't know, Zelensky? I mean, he canceled elections, came after

00:36:51.260 Christianity and imposed martial law. You never really hear that. Do you ever really hear these

00:36:56.080 people actually do anything tough against the Chinese Communist Party? No, the only time they'll talk tough on

00:37:03.040 them is so they can justify a trillion dollar defense budget that seems to only be expanding

00:37:07.320 every single year. Oh, but you say you want to delist them from the stock market. Oh, no, no, no,

00:37:14.420 that's the, what, fourth, fifth, sixth rail, can't go there. Well, I would say yet another called shot for

00:37:19.880 the war room, so much so I believe we were talking about this last night at about 6.30 p.m., there's been

00:37:25.120 an absolutely massive bombshell expose coming out of Stanford, which, of course, is home to the

00:37:32.040 Hoover Institution, one of the leading conservative think tanks, but I'd also just flag before we get into

00:37:36.700 the CCP espionage that's been going down there. Remember someone by the name of Pamela Carlin? Well, she 0.70

00:37:42.940 was, I think, the dean or some very high up position at Stanford Law, then became Biden's DOJ kind of head

00:37:49.240 honcho apparatchik, saying that if you dared to question the results of the election, that you would probably have

00:37:54.920 the full force of Biden's DOJ hurled against you and you could potentially end up in jail.

00:38:00.660 I wonder what she had to hide with that one. We'll get into that, I guess, another time.

00:38:05.820 But this investigation shows not just run-of-the-mill Chinese infiltration on the Stanford campus,

00:38:10.580 but so much so that they have actually been using people who aren't even students and having them act

00:38:17.400 as spies and leveraging their families overseas in China, trying to get them, trying to convince them

00:38:23.360 to leak secrets about highly classified, in some cases, military applicable research and bring it

00:38:30.120 back to the homeland, to the motherland. So for all these people who want to talk so tough on the

00:38:37.080 Chinese Communist Party, I would suggest that maybe you start with revoking the visas, frankly, all the

00:38:44.900 H-1Bs, but we can get to that at another time, but of these Chinese foreign students. I'll read you the

00:38:51.100 direct quote from this one report, quote, many Chinese nationals have handlers. The CCP wants to

00:38:56.280 know everything that's going on at Stanford. This is a very normal thing. They just relay all the

00:39:00.880 information they have. Quote, parents and relatives were brought in for a talk with the police to

00:39:06.800 encourage Chinese international students to overturn information. That's what we have. You want to talk 1.00

00:39:15.260 about the enemy within. Now, I know typically when I say enemy within, I'd probably throw a few rhinos in 1.00

00:39:21.240 there. Some Democrats, probably Hillary Clinton and Jake Sullivan, for good measure. Jake Sullivan,

00:39:26.020 who what now wants to be a primetime commentator on MSNBC, insinuating that it's the Trump administration

00:39:31.580 that killed all the wonderful accomplishments that Joe Biden had. I'm struggling to come up with any,

00:39:39.440 unless you think what happened in Afghanistan is one. These people are such national security experts,

00:39:46.760 yet they're concurrently advocating for Chinese Communist Party spies at best, kinetic actual

00:39:53.900 foot soldiers at worst, to be here, 350,000 strong in the borders of the United States of America,

00:40:00.700 excluding the Chinese nationals that entered this country under Joe Biden.

00:40:03.980 Now, when I say I'm all for the mass deportations, yes, we all are in this audience. I think that's

00:40:12.880 probably the prerequisite chromosomal thing to be a member of the war room posse. You got to be for

00:40:18.320 the mass deportations. But when we talk about accountability, it's not just for the Venezuelans

00:40:23.080 and the Hondurans and the Nicaraguans and the Mexicans. It's for the Americans, though I'm sure they 0.86

00:40:28.460 probably hate my use of that term, who orchestrated this invasion. And by the way, to that point,

00:40:37.400 it's breaking in Politico today, that Joe Biden is busy hiring. Now, I would suggest it should be

00:40:44.580 lawyers and lawyering up. That may be the preemptive pardon sort of gets you ahead of that one.

00:40:50.200 But tapped a guy named Chris Meager, who's a former deputy press secretary for Joe Biden and a defense

00:40:56.400 department spokesperson to essentially run sort of PR cover for Joe Biden. It's how he ended up on

00:41:03.700 The View. Don't know how they got him there in one piece. All I'm saying is I don't think at this

00:41:11.000 point in the Trump administration that Joe Biden should be hiring comms experts and appearing on

00:41:16.060 The View. I think he should be lawyering up, preserving his documents and more or less on trial

00:41:21.020 trial or at least in paneling some grand juries. And I don't think the fact that people like

00:41:25.260 Senator Tillis are sabotaging Ed Martin's confirmation, effectively handing that seat

00:41:29.960 over to someone whose morality consists of turning midair flights around full of illegal 0.73

00:41:35.480 immigrant migrant gangbanger criminal thugs, who I think we have new reporting on Kilmer 0.99

00:41:40.960 Garcia, that he was, I think, a taxi driver for some human trafficking ring. 0.96

00:41:47.300 Diversity is our strength, I guess. But he's going to get to choose who the new

00:41:51.720 D.C. attorney is.

00:41:56.100 Senator Tillis doesn't want to budge on that one.

00:42:00.460 Senator Tillis, who's what number one donor, as I reported, I think two days ago, is none

00:42:06.140 other than BlackRock and the financial services industry. And here's the important point in all

00:42:13.600 that. The man who had potentially helmed the investigations over D.C. putting him directly

00:42:20.580 into the purview of the FBI with everything that's been going on through Doge, ActBlue.

00:42:29.760 It's quite interesting to me that a senator who is bankrolled by some of the most, I was going to say

00:42:38.040 leading, I'll say, sinister financial institutions that are probably on the receiving end of most of

00:42:42.900 that waste, fraud and abuse, though I would put emphasis on abuse. And I still think that's an

00:42:47.420 understatement that he does not want an investigation going on. If you follow the money, you can reverse

00:42:52.260 engineer what these people are hiding. And this all runs together, whether it's the Chinese Communist

00:42:57.360 Party, these horrific trade deals. There are a lot of stones that have been left unturned, and we need

00:43:05.540 people like Ed Martin, because they are proven fighters to be able to turn them over, not Chinese 1.00

00:43:10.340 Communist Party sellouts or listless vessels for entities and corporations like BlackRock or

00:43:15.940 cardinals like Theodore McCarrick, who don't even care about their faith, but would rather take funds

00:43:20.220 from the Chinese Communist Party and shill on a stage next to Hunter Biden and the spy chief of China.

00:43:27.360 I guess that's what it means to be a D.C. ruling elite. And that's why we are proud to be the war

00:43:33.480 room, home of, I guess, the counter-elite insurgency. We'll be right back after this short break. Jack is

00:43:38.360 open so much more.

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00:45:00.980 What if you had the brightest mind in the war room delivering critical financial research every month?

00:45:06.580 Steve Bannon here. War room listeners know Jim Rickards. I love this guy. He's our wise man,

00:45:12.720 a former CIA, Pentagon, and White House advisor with an unmatched grasp of geopolitics and capital

00:45:18.380 markets. Jim predicted Trump's Electoral College victory exactly 312 to 226, down to the actual

00:45:26.820 number itself. Now he's issuing a dire warning about April 11th, a moment that could define Trump's

00:45:33.700 presidency in your financial future. His latest book, Money GPT, exposes how AI is setting the

00:45:40.600 stage for financial chaos, bank runs at lightning speeds, algorithm-driven crashes, and even threats

00:45:46.960 to national security. Right now, war room members get a free copy of Money GPT when they sign up for

00:45:53.000 Strategic Intelligence. This is Jim's flagship financial newsletter, Strategic Intelligence.

00:45:58.880 I read it. You should read it. Time is running out. Go to Rickardswarroom.com. That's all one word,

00:46:05.220 Rickardswarroom. Rickards with an S. Go now and claim your free book. That's Rickardswarroom.com.

00:46:12.440 Do it today.

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Bannon's War Room - May 08, 2025

Episode 4470： Day 2 Of The Conclave; Trump Bridges Monumental Trade Deal With UK

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