Bannon's War Room - Episode 4477： The Relationship Between Wall Street And The imperial Capital

00:00:00.000 hours as we're looking at this big budget budget bill there's now this idea coming from the white 0.67

00:00:07.020 house that donald trump could be open to raising taxes on the wealthy as well as potentially

00:00:12.720 closing the carried interest loophole if you're not familiar with it it is basically a giveaway

00:00:17.500 to the private equity industry that year after year lawmakers on both sides of the aisle say

00:00:22.160 god that's ridiculous we're going to get rid of it yet it never goes anywhere do you believe

00:00:28.160 there is truth to this that donald trump does actually want to to increase taxes on the rich 0.75

00:00:33.220 and close this carried interest loophole do you believe this because guess what he does need to

00:00:37.280 find a way to get this budget passed i don't know that donald trump wants to do that i don't think

00:00:43.560 he has any particular philosophy of that i think steve bannon does do you know what i mean it feels

00:00:47.760 like the disembodied hand of steve bannon reaching in right um so i think that's true i think they

00:00:54.900 have to find the money somewhere theoretically it's not enough i mean they carried interest

00:00:59.160 to the surrounding area in the federal budget and then what he's talking about wouldn't get

00:01:03.000 you there like it's not gonna taxing that the rich they're talking about people who earn earn over

00:01:08.140 two and a half million dollars a year that is 0.1 percent of the population that's another number

00:01:12.900 that won't get you there right it's like the wealth tax is not touched uh grover norquist comes in

00:01:17.760 i'm friends with grover president america's tax reform said on wednesday uh you know this uh we oppose

00:01:23.500 this this is not republican policy david mcintosh president of club for growth i know david mcintosh

00:01:29.460 said in a statement scaling back the size and scope of the four trillion dollar tax cut will help the

00:01:33.880 democrats uh raise taxes this is not a serious option and it's political suicide and so the problem

00:01:42.100 uh that we have on the populist side is all these voices are out there talking about tax cuts for the

00:01:48.240 rich but they're not talking about congress overspending uh notice uh all the lobbyists

00:01:55.740 are there for the tax cuts for the rich we don't have any lobbyists for the american people who are

00:02:01.260 paying the bill for all this right so no one's cutting the seven trillion dollar budget it's not

00:02:06.160 going to go down much at all steve's been covering it brilliantly for the last months uh it looks like

00:02:10.920 spending might even go up there's some hope well we'll see if we get a 17 percent reduction in that

00:02:16.240 non-defense discretionary that's promising uh but that's a small piece uh and so i just kind of wanted

00:02:22.660 to lay out some of the arguments go look up the hill article uh refresh yourselves the american people

00:02:29.000 can make this point but i think we ought to use uh that tax piece as leverage uh if the rich have

00:02:35.880 lobbyists at work uh why don't you put those lobbyists in charge of cutting spending as well

00:02:41.300 uh if we get the government to disappear uh then business will flourish we all want that that's the

00:02:47.900 outcome we want i want economic growth i've spent my whole life on economic growth and so uh this is

00:02:53.920 the way to do it we need to team up and reduce government spending uh the tax guys say well if you tax

00:03:00.240 the rich or whatever you know you're just going to provide more money for government well the fed the

00:03:04.620 federal reserve and every institution is doing that already uh the the milton friedman logic has not

00:03:10.080 worked and i'm a milton friedman fanatic steve mocks me for being milty friedman jr right and so

00:03:17.180 there's i just want to share a few thoughts this has to do major league implications for politics

00:03:22.180 and the republican party going forward

00:03:24.240 this is the primal scream of a dying regime pray for our enemies because we're going medieval on

00:03:35.540 these people here's not got a free shot all these networks lying about the people the people have had

00:03:42.260 a belly full of it i know you don't like hearing that i know you try to do everything in the world

00:03:46.180 to stop that but you're not going to stop it it's going to happen and where do people like that go

00:03:50.200 to share the big line mega media i wish in my soul i wish that any of these people had a conscience

00:03:58.360 ask yourself what is my task and what is my purpose if that answer is to save my country

00:04:05.680 this country will be saved war room here's your host stephen k bann

00:04:12.480 saturday 10 may year of a lord 2025 um so dave bratt you know grover norcross none of these guys ever

00:04:26.160 talk about cutting spending and here's the problem the wealthy benefit from the from the from the

00:04:33.560 federal increased federal spending how do i know this how did president trump break the law firms

00:04:39.460 the law firms are the way that the wealth it's it's the direct link it's not connective tissue it's

00:04:45.600 harder than that it's like linkage in a transmission between wall street the capital markets and the

00:04:52.160 imperial capital the the folks up here that just vote do as they're told vote the way the money tells

00:04:58.420 them to vote the universities and the um are three things number one when doge first started when

00:05:08.360 omb asked just like let's take a pause where's all the money and people melted down but you found out

00:05:13.120 the federal money is in every district it's everywhere that's what seven trillion dollars a

00:05:18.780 year gets you okay number two when treasury said oh they had the the checks the 4.6 trillion

00:05:25.260 everybody froze up there think about that there's now turned out to be both of those turned out to

00:05:30.720 be nothing burgers but it showed you the scale and the depth of the problem then you go to how

00:05:37.620 did trump break the law firms how did the brilliant boris epstein come up with it it's to put in there

00:05:44.640 not just take away your security clearances you can't work on any more government contracts and oh by

00:05:49.000 the way any clients that keep you will not be eligible for government contracts that means federal

00:05:54.480 money this is a bizarre up here it's like bizarre in baghdad back in the you know medieval times

00:06:02.140 that's what it is everything's an auction every day and the pigs up here have got their their nose 0.55

00:06:09.120 in the snout and you're paying the you're paying the price the lobbyist you got is trump and look 0.89

00:06:15.920 everybody's got around him and i'm telling you take this to the bank we have changed the electorate to now

00:06:23.580 be able to win because you on republic traditional republican orthodoxy you can't win you can't sell

00:06:29.900 it's not sellable to the american people because it doesn't work this is why the country's in such

00:06:35.580 bad shape because fox news the republican party were controlled opposition kind of went along with it

00:06:40.220 you've seen it again right here look at all this happy talk look at all the lies being said about

00:06:47.220 raising taxes on the wealthy it's not that we want to not that we want to raise taxes on the wealthy

00:06:52.640 the rep money must come from somewhere and they're the driving factor on spending

00:06:59.220 it's a grab believe in incentives it's a great incentive to give them a wake-up call

00:07:04.420 you don't want to pay higher taxes then get your lobbyists to back off and help us cut this budget

00:07:10.620 did you see one penny out of defense and i'm i consider myself a hawk we don't need a trillion

00:07:19.740 dollars and russ vote the brilliant russ vote his theory of the case now at the the top up the other

00:07:24.820 150 billion dollars that we we get it all to these guys at one time dave so now they don't come back

00:07:30.000 every year and then we have to have cuts you know we can't you know we can't cut social spending because

00:07:34.740 we can't cut this it's all kind of gobbledygook we got to face reality and do it very basic like

00:07:40.500 we're doing a bankruptcy when you're doing a bankruptcy you come in there's all kind of

00:07:44.240 people are yelling and screaming you got to get down to the basics cash in cash out what does my

00:07:50.220 balance sheet look like what can be monetized here how do you do this number one how do you cut

00:07:56.220 spending you're absolutely correct but dave you sit there and you got grover and you got you got

00:08:01.880 club for growth and they're all you know they want to do this and they want to do this and they

00:08:05.900 austrian economics they never talk about cutting spending we came up with 163 billion dollars which

00:08:13.460 is just a lick and a promise that's in a 1.75 discretionary budget 163 billion and they're

00:08:21.200 talking about how this is the most mad this is so many conservative wins here bottom line let's just

00:08:28.380 go to the bottom line of all the pieces that are coming together here and bratt help me out brother

00:08:35.200 right now if you put this all together the deficit in this budget of 26 is going to be two and a half

00:08:44.800 trillion dollars two and a half trillion dollars i dare anybody to show me and don't give me gimmicks

00:08:51.120 i'm we're not gonna hey i went to harvard business school and went to work at goldman sachs you're not

00:08:56.360 going to put a gimmick past me don't give me a gimmick okay i don't hear gimmicks you got all

00:09:00.540 these gimmicks up there they do this and do that and conservative wins i want to see cash in and cash

00:09:06.380 out because that's what's adding to the debt ceiling and god we need the debt ceiling that's the only

00:09:11.940 thing keeps anybody honest and and and and as smart as best as he's telling you hey i think it's going

00:09:18.100 to be august so the end of june we got a financial crisis got the constitutional crisis in in july

00:09:26.700 beginning july we got the we got the bricks nations meeting in rio saying we want out and and not and all

00:09:34.040 and not a lot of them are not friends of the united states of america like you saw she and uh and putin like

00:09:40.080 two teenagers the last couple days on their first date and then you're going to have debt ceiling

00:09:46.160 coming in so this august i this summer folks you know don't get ready to pack the the cooler and go

00:09:54.060 to the beach because this is going to be one of the most intense summers in the history of this country

00:09:57.960 it's all converging and guess what if we want to be masters of our fate we're americans if we want to

00:10:06.040 be masters of our fate and make our own decisions we got to start having tough conversations and tough

00:10:12.560 decisions otherwise the rest of the world's going to have our alternatives are narrowing and narrowing

00:10:19.260 and narrowing dave bratt thank you for joining us this saturday morning sir your thoughts and observations

00:10:25.060 yeah well uh if you want no tricks and no fakery uh go back to uh russ vote and center for renewing

00:10:33.760 america just probably about a year ago he had 10 trillion cuts over 10 years that's a trillion cuts

00:10:40.300 over 10 each year a trillion each year right and that still leaves you with a trillion deficit but

00:10:45.960 that was heroic work getting rid of all woke and weaponized and so now the ways and means committee 0.97

00:10:51.520 comes out with the budget drop last night a lot of things are omitted uh right the tax on tips uh

00:10:58.120 social security all those things are missing the salt uh debate there's another rich versus

00:11:03.720 the middle uh issue you gotta be kidding me as republicans uh and then as you say uh the tax

00:11:09.220 cut crowd who i'm friends with i like tax cuts everybody likes tax cuts uh but they're not responsible

00:11:15.600 for the existential threat of china they're not responsible for the bond market erupting on our

00:11:21.220 gross overspending right so that's what i was trying to get across in the clip uh these guys have to play

00:11:27.180 team ball and be adults in the room it's nice represent the billionaires and some of the billionaires

00:11:31.840 are great some of them are heroes manufacturing etc and some are not i didn't see the fortune 500

00:11:37.200 weighing in on anything having to do with a responsible budget they never do right so that's

00:11:43.460 a mixed bag and we got to design our tax policy appropriately uh but all of this uh goes on the

00:11:50.660 shoulders of congress right you don't hear anything out of congress the lobbyists make the argument very

00:11:56.520 clear this is uh this is a disaster right raising and let me frame it properly right it's not raising

00:12:03.120 taxes on everybody it's raising taxes on families that make more than five million dollars that's

00:12:09.320 the latest reporting from the hill right so that's you know 0.01 percent of the population uh go up two

00:12:17.440 percent so it's not armageddon it's not the end of times uh to the billionaire class uh and the tax

00:12:24.500 cuts are four trillion but but but there's yeah but there's not but there's not enough

00:12:28.520 squeeze in the you know juice in the squeeze on that you can do that but that i'm not saying it's

00:12:35.260 performative but that doesn't we we have a math problem no even that doesn't right first off first

00:12:39.860 they do mention they do mention tax on tips tax on overtime tax on social security but in this at

00:12:45.740 least 28 pages it's very uh it's very early it's just they just put it out to put something out over

00:12:50.560 the weekend because it's only half yeah because they are going to do a markup on tuesday and folks

00:12:55.760 we are going to be manning the ramparts on monday morning on this they don't make it permanent

00:13:01.120 they don't make it permanent the key is to make everything for the middle class and the working

00:13:06.400 class permanent now the wealthy

00:13:09.640 it's they've they've accreted all the benefits of this they own all the real assets they own all the

00:13:18.380 financial assets right two-thirds of the country is 70 of the country don't don't have any stake

00:13:24.060 in the country whatsoever you can't continue on like that if the if the spending got cut you

00:13:30.560 wouldn't have to go ahead sir go ahead yeah and and on the tax cuts it'll be very interesting when

00:13:36.120 they say the average tax cut you know they take the the total tax cuts and divide it by the number

00:13:41.020 workers or something that's not acceptable because the rich may get the huge gains and and then the the

00:13:47.200 tax cut crew also said you're giving this to the democrats you notice what they said already that

00:13:52.960 there's no uh tax on the rich in this bill in the uh in the ways and means uh drop uh last night

00:13:59.700 but the democrats came out anyway and said in the dead of night the republicans are all they're doing

00:14:05.400 is covering their taxes for the rich and the taxes for the billionaires so that you have that coming

00:14:10.200 with certainty no matter what you do so that math better be clean right when we say middle class

00:14:15.180 uh tax uh cuts that the the the vast proportion of the tax cuts uh should go to the middle class and

00:14:23.020 the poor yeah or the work the working class right yes the working because working poor right now a lot

00:14:30.480 of the working poor are their tax burden is not as high as uh as the as the working class and middle

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00:16:40.780 thing get ahead of you here's your host stephen k bantt uh best uh secretary treasury trade rep

00:16:52.960 over negotiating the chinese right now our least preliminary discussions about uh the trade

00:16:59.960 situation the commerce situation um dave bratt you have some additional thoughts i mean how are we

00:17:07.740 going to get the political class they know this audience supports them they're the ones that put

00:17:12.940 them there the the number one thing people talk to me about is uh and it's not taxing the wealthy

00:17:20.720 right it's not but it's cutting it's getting rid of these deficits we can't keep adding to this debt

00:17:26.060 you know now that as we've shown people by adding to the debt and having to refinance the debt

00:17:32.340 of which we're still financing this debt kind of short term we haven't gone out long term of this

00:17:36.860 debt a lot of it and japan put a shot across our bow the other day japan said hey by the way in our

00:17:44.220 negotiations the one trillion dollars of u.s government securities that we own have got to

00:17:49.260 be part of that discussion because they know we're going to come back to them to buy a lot more

00:17:54.420 that's what if you want if you want you ought to get strategic intelligence the news last jim

00:17:59.840 rickards one of our contributors one of the smartest guys globally on capital markets intelligence national

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00:18:13.420 and if mo and grace can push that out and he'll throw in the new book which is a kind of a frightening

00:18:18.540 book about artificial intelligence in currency not a pleasant read but something you should read

00:18:25.500 that's rickards war room.com go to the landing page and get all the access to the information jim

00:18:30.780 rickards and his team um i want to talk about this thing of of of this uh situation being prime

00:18:36.620 reserve currency and the reports you're hearing they're leaking out now by the lords of easy money

00:18:41.740 but you were up there why president trump has been very bold he's talking about what he wants

00:18:48.540 you know to get to a balanced budget and balanced budget is we don't even we're talking about now going

00:18:53.820 from six and a half or seven percent deficit to gdp down to three and a half percent not even close to

00:19:00.380 a balanced budget still i don't know around a trillion dollars a year deficit that would be a

00:19:06.860 win but you got to see a path to that somebody's going to have to walk me through the math because

00:19:12.060 what we've presented so far and kind of different elements of it a little bit of budget here a little

00:19:16.380 bit of taxes here kind of and i think i'm not saying they're doing to confuse people because they know

00:19:22.220 that we're going to make sure we can explain it all to everybody but what is the hesitancy knowing

00:19:27.340 their constituents number one number one uh thing is to cut spending help we haven't put the russ

00:19:35.180 is still working on the rescissions of the two billion dollars for pbs and npr that rescission hasn't

00:19:42.460 come up yet what is the hesitancy of the political class up on capitol hill to do their task and get

00:19:48.700 their arms around at least start with discretionary spending and get your arms around it and come back

00:19:54.060 with meaningful cuts sir well the the hesitancy is uh what you'll see in all the mainstream uh headlines

00:20:02.380 right now we haven't cut any money uh and yet the headlines are all we're ruining the environment

00:20:07.900 we're ruining medicaid medicare and all that it's all totally false natalie winters last night showed

00:20:13.740 in fact the opposite is true uh there's a 10 or 20 billion dollar hunk of corruption uh going from

00:20:20.380 medicaid payments to california for illegal immigrants there's the usaid corruption we're 0.95

00:20:26.060 sending money to africa and then we're making the poor africans send the money back to democrat

00:20:30.620 operatives in this country we have receipts on all this so the american people are disgusted and so

00:20:36.380 what's the hesitancy the hesitancy is the same as i've been saying this for 10 years uh they turf me out

00:20:43.180 they they play uh one-offs by state by state by state on political strategy the speaker needs to

00:20:49.980 come out with an overall messaging points for the united states of america and the senate needs to do

00:20:55.260 the same thing and it needs to fit with trump they won't do that they're playing pre prevent defense

00:21:00.940 just like in sports and everybody knows how the game ends when you do that uh we got the same budget

00:21:05.740 numbers basically on file right now we've had for the past 30 years nothing new is going to change

00:21:11.340 because they're scared of the midterm elections and they should be scared because trump showed

00:21:16.300 you the way forward you do big bold proposals that people love and then you win but they're not doing

00:21:21.900 that they won't message on any of this there's corruption all around us the american people are

00:21:26.780 overwhelmingly against the swamp take a bold move right we talk about the judeo-christian west sometimes

00:21:33.580 you got to take take a leap of faith i just do the right thing in addition it's the right thing to

00:21:40.220 do to save your country and so we all know the hesitancy uh and the war room's going to put in

00:21:45.500 every effort we can to light up the flares but you you see what's coming you've been saying it for a

00:21:50.620 year ahead of time what what the the budget process is likely going to look like unless the american

00:21:57.820 people turf out the seven trillion dollar gang well here's here's what they're going to do it's obvious

00:22:04.540 now they're going to use the debt ceiling in the crisis for that to be able to slap together

00:22:09.900 because if you actually you correct me you were you you were there just my observation i haven't

00:22:14.700 gone through you know gone through this rodeo a couple of times if you look at the big beautiful

00:22:19.660 bill since they didn't break it into two it's all part of one yeah right now this thing doesn't get

00:22:27.580 without a debt ceiling this thing really doesn't get put to votes until after labor day sometime in

00:22:33.900 september it's going to take that long to do the horse trading because it's so complicated

00:22:39.020 now they're going to say well we got the debt ceiling in august and we're going to run out of

00:22:44.300 money and we're going to run out although vote can show them how to triage this that we need to raise

00:22:49.740 the debt ceiling that's part that's supposed to be part of the reconciliation because you can't get it

00:22:54.220 any other way you need to do it on 50 votes

00:22:57.900 so right after we finish the constitutional crisis about the president's article two powers

00:23:03.340 uh we're going to have uh this um bricks meeting where you're going to see an act you're going to

00:23:09.020 see the global south the global south is going to say hey we're going to go in a different direction

00:23:15.340 not day one because you've got us but we're going to go in a different direction and then you're going

00:23:20.140 to have a a crisis of debt ceiling in in all of this go we're going to have basically range war uh

00:23:28.300 between uh on this massive deficit you're going to have in this unless you come up with other revenue

00:23:33.260 sources because you only got a couple ways to do this you can have a higher growth rate

00:23:37.820 and right now at a growth rate of two and a half percent which i don't think we're going to hit but

00:23:41.900 let's say two and a half percent you're still not going to get there it's going to be a deficit over

00:23:45.660 it's going to be a deficit over two trillion dollars and that just can't happen we're going

00:23:49.580 to have a two trillion dollar deficit in the first fiscal year of president trump because we

00:23:52.940 basically signed on to biden's budget dave bratt yeah it's a two percent uh growth rate with uh

00:24:01.260 two trillion dollar deficit spending which is hugely stimulative and you still have a very

00:24:07.580 liquid uh federal reserve balance sheet right which hasn't been pared down uh substantially yet

00:24:14.140 so all of it's fake and so the message from the war room has got to be in this two-year window

00:24:20.860 if you've got president trump who just won a historic uh victory across the board popular vote

00:24:27.260 everything right the whole shooting match and if you can't get it right with a house in the senate

00:24:31.980 and president trump in the first year with momentum you the america you know what's coming

00:24:37.820 and it ain't pretty it's a disaster right and everybody all the swamp all the globalists

00:24:44.140 all the big spenders the democrats are just waiting out trump they're going to see what they can do

00:24:48.300 with lawfare with the judiciary and that that is the main point that probably needs to be made if we

00:24:55.340 don't do it now with president trump on the ascendancy uh leading in all the polls on these key issues

00:25:02.460 uh now is the time folks light it up light up the switchboards uh we're going to have an organized

00:25:09.420 effort in the start monday morning so we'll get information up to everybody on on my getter account

00:25:15.420 brats all of it so you can serve now the daily mail the gracious the charlie the great charlie

00:25:21.820 spearing who uh worked for me at uh at breitbart's now the senior political reporter over at the daily

00:25:27.740 mail from dc he's got an incredible if we can get it up and get it to denver huge story just broke in

00:25:33.580 the daily mail deep blue state is swinging aggressively to the right and there's polling

00:25:38.620 to prove it that state is new york state hokul they just got to pull out the service hokuls at 36

00:25:45.980 approval and 55 disapproval what's the biggest problem people have

00:25:51.580 is is the taxes spending's out of control and the taxes are too high for what they're getting it's

00:25:57.420 destroying people up there it's happening all over the country it's happening the federal level this is a

00:26:03.180 winner in the midterm elections if you take a bold stand against this out of control spending

00:26:09.740 a bold stand against out of control spending and you're not raising what president trump has proposed

00:26:14.860 is the most is the biggest most massive tax cut in history for middle class and working class people

00:26:22.860 and when you add on the no social security no no uh overtime and no tips

00:26:28.060 grover and those guys never talk about that they go back to that lie about

00:26:31.420 uh 92 about bush lost and president trump called him out yesterday he says hey i think it was really

00:26:38.060 ross perot right it was really ross perot that's why he lost the republicans or the conservatives got

00:26:45.100 58 bill clinton got 42 or 43 percent of the vote he was always a minority president no one's gonna buy 0.93

00:26:52.140 that's what that scumbag was selling this because pro split the vote remember that was just raising taxes 0.97

00:26:58.380 on go ahead sir yeah and i had a few charts i didn't get up the other day on the cultural moves 0.97

00:27:04.540 the democratic uh elite bernie aoc etc the leaders on the democrat party side the the yeah there they

00:27:11.980 man good denver slap that up wow you guys are good uh there's you know so the the kind of the gray line

00:27:17.820 in the middle is your culture uh the red line on the right is uh republicans uh but you see the huge

00:27:24.300 deviancy as you move up to the current day right as you move up and up and up on that graph the blue

00:27:29.660 line is the deviation away of the democrat elites away from the american people and you see that on

00:27:35.900 a whole host of issues on the left on the right on cultural issues on uh on the economic issues on the

00:27:43.180 tax issues uh the the democrats are out of control and that's what i'm saying right now if you don't

00:27:49.740 strike right now big and hard uh this is your opportune time right this is it we're winning

00:27:57.500 across the board it's the left who has the problem the conservatives do not have a problem

00:28:02.140 on messaging we believe in the judeo-christian west the rule of law all the good stuff men

00:28:06.380 women uh kind of the basics right and uh so now is the time bratt i know you got a bounce you got

00:28:13.900 graduation liberty today uh what's your social media sir yeah just bratt economics uh getter and

00:28:20.860 done x now and i'll be beefing that up by over the summer now i'm going to get a little more active and

00:28:26.060 social the day bratt on a saturday morning thank you brother appreciate you and for all your hosting

00:28:34.860 this week fantastic short break back in a moment

00:28:38.140 health isn't just a personal issue it's a family issue a community issue we're living in

00:28:46.860 unpredictable times supply chains can break down hospitals can get overwhelmed and let's not even

00:28:51.580 start on the natural disasters these aren't hypotheticals they're happening you see it here in

00:28:56.300 the war room and we all know it the question is simply are you ready that's where jace comes in

00:29:03.180 this isn't just a kit this is a jace case it's a lifeline it's a personal supply of prescribed

00:29:11.660 emergency medications that puts the power back in your hands whether it's an unexpected illness or a

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00:29:24.540 february show them you care in a way that really matters be prepared get the jace case today so you'll have

00:29:31.740 the right meds on hand the moment you need them visit jace medical.com and use the code bannon b-a-n-n-o-n

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00:29:46.700 and do it today here's your host stephen k bannon

00:29:54.140 um with everything else going on in the world president trump bringing peace to um trying to bring

00:30:01.100 peace to ukraine bringing peace at least temporarily to uh cashmere the line of control the contested

00:30:07.580 territories there which is a tinderbox waiting for a match to go between two nuclear powers and one

00:30:14.060 that's not that stable in pakistan a blockbuster story based upon the great charlie spearing with

00:30:21.820 research and polling done by daily mail if we can put that up i'm trying to get

00:30:25.820 degrasse to call in because this is the work of degrasse and the stefanic team and they've been 0.54

00:30:30.940 hammering at this look at that purple haze it's stunning that deep blue new york is rapidly becoming

00:30:41.020 mega why because of the corruption incompetence and outright theft of these democrats that rule these big 0.79

00:30:49.820 cities and destroy these states you notice newsom's not running on the california model

00:30:55.900 for president he's trying to be something else and hulk was at 30 percent 36 percent approval people

00:31:03.500 think stefana can take her on that's in the first year of a of a president's term which is always 0.99

00:31:10.860 usually an off you know usually a tough election for the party in power particularly when you control

00:31:16.060 every aspect of government because people are obviously never totally happy so they're going

00:31:21.260 to take it out the ballot box they're actually saying now that you could win in new in new york state

00:31:29.420 this article is brutal and spearing's as good he's like a mad boil type he's as smart as they come

00:31:35.580 this article is quite brilliant what is this a show this shows that our policies are right people

00:31:43.260 people have been under the boot of the radical democrats and felt like they couldn't have any

00:31:49.980 say so or saying hey no guess what we hate this is this not white working class and white middle class 0.97

00:31:56.780 it's hispanics and blacks because they're all being destroyed financially and economically culturally 0.99

00:32:03.820 and they're tired of it they're tired of it this is why what does scott presser say pennsylvania's 0.70

00:32:10.060 becoming the new ohio and new he hopes to make new jersey the new the new uh pencil the make new jersey

00:32:17.340 pennsylvania and you're seeing right here in the tri-state area look at that this is why this is why

00:32:26.060 it's a constant battle this is what's so upsetting about texas in texas

00:32:31.340 soars put almost 400 million dollars into turning texas blue and they got kind of purple

00:32:42.060 there for a while and guess what's the pushback it was grassroots it wasn't the bush

00:32:46.380 junta wasn't carl rove wasn't these guys it was you it was these incredibly patriotic texans

00:32:52.940 they got out there and at the did the precinct strategy and the precinct strategy started to

00:33:00.220 take over the party and had these huge knockdown drag outs and so they impeached paxton we won that

00:33:08.060 trump wins by 14 points are you kidding me and drags ted cruz to a nine-point win of course ted

00:33:14.220 cruz just came out against trump's tariffs against taxing the wealthy his true colors are showing

00:33:19.340 through he's the classic orthodox republican but in texas something deeper and darker is happening

00:33:28.060 the the bush the bush a junta is already made a deal with the democrats and they're passing crazy

00:33:33.420 stuff down there crazy and people are starting to go nuts as they should so here's our policies are

00:33:41.020 turning new york our way texas which people are is the railhead of maga the folks there have got

00:33:48.860 a fight every day because the state legislature that they won works against them think about that

00:33:56.620 for a second also at the precinct strategy i talk to folks all the time in these fights in south

00:34:02.700 carolina and in florida and in north carolina and in georgia look at mtg's amazing tweet you put out

00:34:08.540 yesterday about not running for senate i could go across the country that the the taking over the

00:34:15.660 these state parties by the precinct strategy in the heart in the fights i mean hand-to-hand combat

00:34:21.660 that you've had to have with establishment figures it's in every state i talk to people every day these

00:34:27.180 fights are vicious because they don't want they don't want the vested interests do not want to hear from

00:34:33.900 the grassroots they don't want to hear common sense solutions because that would mean giving up

00:34:39.020 their privileges they're essentially rent seekers they don't want to give that up they're not prepared to

00:34:45.260 give it up you got to take it away from them not going to give it up and you're seeing here and by

00:34:52.220 the way the grass does call in i want to get him up but he's trying to call it by phone

00:34:58.220 new york is showing you people that have been burdened by that in this super liberal media that

00:35:03.820 in new york that just spouse espouses what you know this is so great this so great it never does any

00:35:08.380 investigations and the budget deficits are massive and the taxes are out of control

00:35:13.740 and the regulate the over regulation on the economy is just unbearable new york could be

00:35:19.340 particularly upstate new york it's just it's a garden go up to hudson valley

00:35:25.180 the mountains up there just incredible upstate new york just just breathtaking in its beauty it's like

00:35:31.260 that whole appalachian mountain chain that comes all the way

00:35:36.620 from georgia all the way up through and then in new york state it's just incredible

00:35:41.900 a beautiful state and those people feel like they're burdened and now they're going to revolt

00:35:47.180 but you have to have bold leadership you have to go in and say no we're going to go we're going

00:35:50.620 to cut and albany is run like a bunch of marxists they got that thing so rigged 1.00

00:35:55.900 that is a rigged deal a totally rigged deal

00:36:02.380 but you're starting to see it throughout the country at the same time

00:36:05.660 a state like texas that we've done such a magnificent job on the fight in texas this is

00:36:10.380 why uh 972 patriot glenn story and the team it's the best phone service out there bar none

00:36:17.500 make the switch today if you go to 972 patriot or call or uh on email

00:36:22.940 uh patriot mobile.com put the promo code bannon in there or call and talk to an american citizen

00:36:30.780 that's on the help desk they walk through the services they got are second to none and they're

00:36:36.860 leading the fight down in texas and texas is going to be a fight folks because texas i don't know it's

00:36:44.460 what the fourth or fifth biggest economy in the world great people great resources just a great great

00:36:50.460 place and they're they're they're not going to give it up the people that control are not going

00:36:55.100 to give it up just because you're grassroots and maga and say hey we want smaller government we want

00:37:01.020 less expensive government we can't afford these deficits we don't finance this debt anymore

00:37:05.740 alex degrasse charlie spearing is as good a reporter out there this is a blockbuster story

00:37:10.780 obviously the daily mail thinks on a day where there's so much news worldwide this is the lead

00:37:15.500 story on the biggest website in the world uh it's kind of jaw-dropping i mean you've been preaching

00:37:22.380 this gospel for a while and now it's been validated by an independent third party your your thoughts as

00:37:28.540 uh as new york state shifts radically to the right sir thanks steve you know it's really maga that's what

00:37:37.260 this is value maga has shifted this you look when president trump stepped down the escalator as a new

00:37:42.700 york republican steve as a new york republican and ultimately we know in his heart he still is of

00:37:48.220 course he's in florida like many new york republicans who have moved down there and it has really inspired

00:37:55.340 and motivated a massive coalition if you get into the weeds on that independent poll it's working class

00:38:00.940 it's first generation legal immigrants it's african-americans it's hispanics asians you know

00:38:06.700 chinese that are freedom loving you know in this country i've worked with many of them that have

00:38:11.420 helped expose frankly some of the ccp influence which is massive in the new york state democrat 0.91

00:38:17.180 party by the way and there will be a lot more to come on that as we dig in deep and and get ready

00:38:22.140 to fire kathy hochel in 2026 which is going to be probably one of the pinnacle races regardless if at 0.91

00:38:28.540 least the phonic runs and of course she's publicly considering that um it's going to be i mean you take

00:38:35.260 down the democrat party in new york it's it's essentially the whole ball game that's left on the field

00:38:40.300 right we took back the country we're battling it out in new york which is the heart of the

00:38:45.740 weaponization the heart of the illegal and everything i mean kathy hochel walked into the 1.00

00:38:50.060 oval with the president and said i control the judges because she does for the law here that's how crazy 1.00

00:38:56.780 everything is so it really is maga that has done this the margins have moved in new york city ever since

00:39:04.380 2020 with president trump are not on the ballot so there's this huge you know shift here the bronx

00:39:10.620 was the largest shift you know the south box where he did that famous rally was i believe the largest

00:39:16.860 swing of every zip code you know parts of the south bronx and so this stuff is what we've all been

00:39:23.660 talking about and the posse's been all over this i mean upstate new york if we're going to win we need

00:39:27.580 to juice these numbers 10 to 12 percent more which is no task no easy task of course but we can't if

00:39:34.140 the president's coalition which now is over 3.5 million votes in new york i mean there's millions

00:39:40.700 of maga supporters uh so it's just very interesting steve uh how we're looking i mean i'm i'm in upstate

00:39:46.860 right now at least it's going to be campaigning down in the heart of democrats in albany today there's

00:39:52.540 hundreds of protesters lining up we've got police i mean this thing is crazy as this sort of rolls out

00:39:58.380 and develops i mean the left is petrified of the prospect of elise stefanik running for governor

00:40:04.460 throwing all the stops out to try to intimidate her um you know with all these dark money groups 0.54

00:40:10.380 protesting and showing up to everything she's going to but no yeah a lot of digress digress if you had 0.96

00:40:15.900 if you had in one year in the next six months uh leticia james indicted right in a federal court 1.00

00:40:23.500 for her mortgage situation and elise stefanik take on hochel for governor of new york that would shatter 1.00

00:40:29.500 i mean this would be one of the number one political stories in the world that we're assaulting we're on

00:40:34.700 offense we're not on defense we're on offense and we're going to the heart of the democratic party

00:40:40.300 apparatus sir absolutely i mean steve elise and i were just at fourth ticonderoga today steve is the

00:40:47.180 250th anniversary of the no quarters uh green mountain boys storming ticonderoga we were up

00:40:53.820 there with america 250 who elise had invited they're doing the simulations next time we next time we do

00:40:59.100 one of these we got to get real america's news of the war room to send correspondence and we won't

00:41:04.060 we would love you guys to be involved in the battles of saratoga which are obviously a year from now

00:41:08.620 um but we were just up there i mean that was the first offensive victory of course

00:41:12.540 in the revolutionary war and of course you know getting new york you know flipping new york would

00:41:17.260 be one of the greatest offensive victories since president trump's election in 2016 of course and

00:41:23.180 the comeback obviously as well but it would be huge i mean the numbers i mean people are fired up because

00:41:29.580 new york is an absolute dumpster fire this budget the tax i mean it is a marxist 1.00

00:41:34.940 l hall the government they have more arrests and corruption in albany state capital than anywhere 0.95

00:41:40.620 else in the country these guys are crooks but what's off the barrel and i mean a 10 million

00:41:45.820 dollar slush fund they slipped into the budget steve to pay for tis james's lawyers i mean this is what

00:41:52.460 people know what supports this democrats especially you know hard-working traditional democrats i mean

00:41:57.900 this stuff is in your face these people are in your face so bad and it's time that we put a stop

00:42:03.020 to i mean it's going to take 150 million dollars you know 100 million dollars minimum to move this

00:42:08.940 ball forward that we're going to need to muster on behalf of republicans in maga but there's a great

00:42:13.580 interest i think from everyone involved you know the president cares about new york greatly of course

00:42:18.780 because it is the one of the strongest bastions uh for the last yeah sorry new york city new york

00:42:24.460 city is the financial capital world you got to free it degrasse where do people go today to your

00:42:29.500 social media to keep up with uh ticonderoga and everything you guys are doing with the protesters

00:42:33.660 up there and taking the uh the maga message to new york state sir so definitely people should tune in

00:42:41.740 at fort ticonderoga they've got the live stream they're going to be streaming the reenactment that's

00:42:45.980 great this is important for the history they're at fort ticonderoga that's gonna be great you can

00:42:49.820 follow me at degrasse 81 um on x getter truth the whole thing thank you so much steve thank you the

00:42:55.580 posse let's get this go and hit me up info at least for congress we'll get you guys plugged in

00:43:00.140 the local stuff a lot of people have been reaching out we appreciate it we see everyone around we'll

00:43:04.140 see people in albany got 500 republicans showing up so thanks steve the the the united nations loss

00:43:11.900 is new york state's gain thank you alex degrasse i'll be back to help us break down the tax bill uh

00:43:18.220 monday and tuesday next week um we will also live stream grace i think we can get on this live stream

00:43:24.060 what's happening up at ticonderoga the 250th anniversary one of the early uh one of the

00:43:30.620 early victories in um the revolution also where we got the guns that were able to uh help us uh win

00:43:42.460 in boston which is coming up also short break what if he had the brightest mind in the war room

00:43:51.020 delivering critical financial research every month steve bannon here war room listeners know jim

00:43:57.100 records i love this guy he's our wise man a former cia pentagon and white house advisor with an unmatched

00:44:03.900 grasp of geopolitics and capital markets jim predicted trump's electoral college victory exactly 312 to 226

00:44:12.860 down to the actual number itself now he's issuing a dire warning about april 11th a moment that could

00:44:20.140 define trump's presidency in your financial future his latest book money gpt exposes how ai is setting

00:44:27.740 the stage for financial chaos bank runs at lightning speeds algorithm driven crashes and even threats to

00:44:34.380 national security right now war room members get a free copy of money gpt when they sign up for

00:44:40.300 strategic intelligence this is jim's flagship financial newsletter strategic intelligence i read it

00:44:47.740 you should read it time is running out go to rickards war room dot com that's all one word

00:44:52.380 rickards war room records with an s go now and claim your free book that's rickards war room dot com

00:44:59.900 do it today here's your host stephen k bann okay we're going to have a lot of marching orders on monday

00:45:09.260 they're going to do the markup on the tax bill on tuesday so we're going to spend a lot of time on that we

00:45:13.820 don't need you um worrying about um some hard money lender has lent to someone who's not you

00:45:22.220 on your title in your home a second mortgage on your house which is let's say a hundred thousand

00:45:27.980 bucks you didn't get the cash but they want you to pay it off how do you avoid that home title

00:45:32.460 lock dot com they have one million dollar triple lock protection what does that mean it means 24

00:45:38.380 hour seven day a week 365 coverage in the middle of the night or any time if anybody's messing with

00:45:44.380 your mortgage or your title you will hear about it immediately and if all else fails to stop it

00:45:51.660 they have a one million dollar restoration project with lawyers etc to make sure that you get your title

00:45:58.620 back unscathed and the horror stories here are horror stories not just with ai and not just for

00:46:05.180 cyber which is huge but it's also nefarious lawyers accountants relatives natalie dominguez

00:46:11.980 and the team home home title lock dot com promo code steve just go check it out today talk to her

00:46:18.460 and the team and you'll see the uh the brilliance of all this uh very important now more than ever we

00:46:24.140 need you at the ramparts because the ramparts we shall need you at also day brad gave me he's

00:46:30.940 sending me some information there are studies now the the the lords of easy money are coming out with

00:46:35.500 studies about if we were not to because we were back off the prime reserve currency because remember

00:46:40.300 it's easier for the government to sell treasuries and wall street to be the brokers in the treasuries

00:46:45.980 if they're guarantee you know if we're the prime reserve currency of all the every transaction

00:46:49.820 world's got to be converted into dollars they're saying that at least the first guy dave sent me

00:46:54.700 16 drop in gdp if we're not the prime reserve currency i have not read the study but this is

00:47:00.940 the type of propaganda you're going to hear now there's plenty of reasons we should be the prime

00:47:05.820 reserve currency there's plenty of reasons we shouldn't we have to have a national debate on

00:47:09.340 that one thing we can't do is just stumble into people getting off it and then we're left

00:47:15.020 holding the bag particularly with these deficits we cannot finance these deficits it's impossible

00:47:19.580 unless you're the prime reserve currency just it's impossible mathematically impossible

00:47:25.420 and that's going to get the bond market is going to become a bigger and bigger player of telling the

00:47:29.260 american people what they can do we have to avoid that make sure you go to birchgold.com the rio reset 0.93

00:47:35.900 make that your weekend study we're going to drill down more and more of it the road to rio every day

00:47:41.740 or every other day we're gonna have some sort of little special section of the show to explain this

00:47:45.740 about how important this meeting in rio is and you saw in moscow had lula from brazil she from china

00:47:54.940 and putin from russia that spells bricks to me and they're up to no good no good no good no bueno

00:48:03.020 birchgold.com

00:48:06.540 slash um bannon the end of the dollar empire and you get to philip patrick it's not the price of gold

00:48:11.500 it's the process of what drives gold as a hedge not the price the process you can learn it all from

00:48:17.500 birch gold go do it today mike lindell uh what's happened in england with i guess in england they shut

00:48:23.900 you down the left did but in um in the united states you used to ship a lot to canada the canadians

00:48:30.060 don't treat us so well is that correct because they're picking on president trump for picking

00:48:33.260 on the canadians they they don't you don't sell a lot into canada why sir because uh trudeau back

00:48:40.380 in the day but i don't know for about four years ago maybe six years ago put a tariff on

00:48:46.380 betting products including my pillow i mean they actually called me when they did this and put a

00:48:51.100 uh 25 percent tariff on any betting products coming into canada it just put a put to a cult i mean

00:48:58.700 in canada you're going to pay that much more for your for the products and before that time steve it

00:49:04.380 was if you were made in the usa which my pillow was you canada let them in without with no tariffs

00:49:10.700 then they changed all that trudeau changed that so it was very unfair before our great president

00:49:16.780 now is going to level the playing field and uh but uh in canada we had a huge presence in canada um

00:49:23.820 it was uh um all over i was on all the tv stage just like here all the radio the box stores the

00:49:30.700 shopping network and it all got part part of it was the tariffs and then part of it was when you

00:49:35.980 went to cancel my pillow which uh they did a great job in england we had a plant over there they just

00:49:41.020 attacked it and shut it down in january of 21. uh mike so that's how trump's fighting for the little

00:49:49.660 guys what else you got for us before you sell me a sell me a set of sheets today you got you guys

00:49:54.940 and i'll have more details but i've been looking forward to this day for four and a half years

00:50:00.460 on june 2nd we will be the first my pillow and myself will be the first to go before a jury

00:50:07.660 finally all the way to jury trial with these with the lawfare that's been used in this country for

00:50:13.020 voting machines and related parties suing individuals and and platforms everyone is

00:50:19.020 settled so far their insurance companies make themselves oh we'll tell them we don't want to

00:50:23.100 go all the way to trial what if we lose i'm in it for a different reason everybody and i've been

00:50:27.580 telling you that i want to secure our election platforms i look forward to this day it's june

00:50:33.500 2nd out of colorado i will be there every single day as long as it takes and finally i will be able

00:50:39.740 to tell the world what i what i wanted to say way back when the media has suppressed it we'll see who

00:50:45.340 shows up you think fox news will be there steve covering it wall to wall i don't think so

00:50:51.420 so on june 2nd where is the trial going to take place it's in colorado i believe it's in denver

00:50:58.140 um um we're three weeks away we've been prepping every day with the lawyers and of course i'm you know

00:51:04.540 for me i'm going i'm going i'm happy i'm going like finally finally and they're going you know we can

00:51:09.820 make you know we can make deals i said there ain't no deals this is what i've waited for this is what

00:51:13.980 i've spent tens of millions on so we're going to have a we're going to have a lindale tv we're going

00:51:18.540 to be there every day all day long and um um it's going to be and people ask me are you going to

00:51:24.940 testify are you kidding they're going to ask me a question steve i'm going to give them a 20 a two-hour

00:51:29.420 answer mike mike lindale we'll cover we'll get you back on money and talk about it and sell me a sheet

00:51:37.260 for the weekend bro yeah where do we go guys you guys you are we listened to war room

00:51:42.700 passing when we had the for kale line on sale the closeout special you all said could you do

00:51:47.820 something with your premium geezer dream sheet this is a war room exclusive i listened to you

00:51:52.860 my call center 49.98 any size any color just for a few days we're going to do this for you all out

00:51:59.500 there this split kings cal kings king size this is that they're over a hundred dollars a set you all

00:52:05.100 know that it's our president's favorite product and if you go to my pillow.com scroll down click

00:52:11.340 on steve there you see those geezer dream sheets get those we're not going to put a limit on it for

00:52:16.300 the posse it's a war room exclusive the my cross is 50 off and you guys if you buy a hundred dollars

00:52:23.740 today i'm going to match it a hundred dollars or more i'm going to match with a hundred dollars in

00:52:28.620 free digital gifts i promise you you're going to go whoa this is amazing best gifts ever

00:52:34.060 uh use promo code war room it's the only promo code that works in this country for these specials

00:52:41.980 mike lindell we love you we'll talk to you on monday sir

00:52:45.980 mike pillow.com promo code war room we're going to be up on social media all weekend there's a lot

00:52:52.220 of work to do we're going to be doing it here in the worm we'll see you back here monday

00:52:56.620 live 10 a.m eastern daylight time when you will be back in the war room are you a yo-yo dieter

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Bannon's War Room - May 10, 2025

Episode 4477： The Relationship Between Wall Street And The imperial Capital

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