Bannon's War Room - May 21, 2025


Episode 4503： 20 Year Treasury Bond Auction Debacle


Episode Stats


Length

55 minutes

Words per minute

171.39348

Word count

9,488

Sentence count

838

Harmful content

Misogyny

4

sentences flagged

Hate speech

7

sentences flagged


Summary

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

On today's show, Steve and Jake are joined by CNN's Jake Tapper and NBC's Kristine Romans to talk about the Dow and the bond market. They also discuss the reaction to a Moody's downgrade on the U.S. Treasuries and what it means for the economy and the stock market.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Someone just said the presidency in the White House was run like a board of directors, meaning Joe was, he was a board, he was a director, but who the hell was the CEO? Who was the guy calling the final shot? It certainly wasn't Joe Biden, because his brain was mush and continues to be so. Steve, your show, always good talking to you. Good to have you back, my friend.
00:00:24.520 We always have the best A-block when we T-off with you. Eric, thank you so much. Great handover, sir. Appreciate you.
00:00:32.480 See you in a while.
00:00:33.700 The great Eric Bowling. And if you haven't seen that Megyn Kelly clip, maybe we can play it later on Jake Tapper.
00:00:39.920 In fact, we have Jake as part of Trash Talking MAGA and MAGA Media, and now he's confessed. Maybe we redo the open. I don't think so. I like Jake in there.
00:00:52.500 OK, here's what we're going to do. A lot going on. My understanding, and this is why I was so late and kind of quick with the Florida Gators getting their acknowledgement as the national champions in college, men's college basketball.
00:01:06.780 President Trump stepped in, said some great words, had a great event, great ceremony, went back in.
00:01:12.100 My understanding from Jake, from Jake Sherman and everybody is that the House Freedom Corps, the deal's up there.
00:01:18.760 They may be in the Roosevelt, the cabin room, maybe the Oval, they're dipping in and out.
00:01:21.820 President Trump went back. As soon as President Trump invites anybody in, we're there.
00:01:26.880 Let's go and play the cold opener.
00:01:28.040 Today, we're delighted to welcome the 2025 NCAA basketball champions, the University of Florida Gators.
00:01:37.880 Hello, Tim.
00:01:45.600 Congratulations also to a really great young head coach, Todd Golden, on the entire job he did, the season, the inspiration that he gave these players.
00:01:56.500 He's unbelievable as a coach. I heard a lot of great things about him.
00:02:00.220 Who would I like to be his agent?
00:02:03.660 Don't go anywhere, coach. Stay coach. You can't leave.
00:02:07.880 The Dow is down nearly 2%, down 800 points almost.
00:02:12.800 Senior business correspondent for NBC News, Christine Romans, has very kindly rushed over to the set for us.
00:02:18.860 So, Christine, explain why we're watching.
00:02:20.380 There's a couple of different things happening here, but there was a Treasury bond auction earlier today that was a little disappointing,
00:02:25.280 and that sounds very wonky, but it's really important because you've got this tax and spending discussion underway.
00:02:31.120 You've got a Moody's downgrade that just happened because of concerns about debt and deficits,
00:02:35.540 and then you have demand for American Treasuries was a little disappointing.
00:02:40.280 So, you have people selling Treasuries.
00:02:42.720 That means the yields are going up, and that's putting pressure in the stock market.
00:02:45.600 You're going to have to put that in the plainer English.
00:02:46.380 Basically, it means we're on the wrong footing in terms of our fiscal direction, and the markets are paying attention to that.
00:02:53.180 I paid attention when Ron Insana was trying to school me on economics the other day when we were at the New York Stock Exchange
00:02:59.760 after Donald Trump's Liberation Day in the stock market just completely tanked for about a week.
00:03:04.960 He said it's bad news when the Russell 2000 is down because that's usually pretty stable with small businesses.
00:03:11.380 Last I checked, this was a couple hours ago, it was down almost 2%.
00:03:15.920 Yeah.
00:03:16.540 I was with you when we had that kind of conversation on the floor of the stock exchange.
00:03:19.380 So, is it still down? Is it still a problem?
00:03:21.740 Yeah, we watched that one.
00:03:22.620 It doesn't have to do with what Kevin O'Leary was saying, which is that this budget deal has in it a provision,
00:03:27.700 and he got into the weeds, but one that would make it harder for small businesses to operate.
00:03:33.340 Look, this budget deal is full of a lot of stuff, and it's going to change a lot.
00:03:38.120 So, there's that.
00:03:38.840 It's going to touch everybody.
00:03:39.800 It will touch everybody. There's that.
00:03:41.800 But when you look at what's happening in the bond market, the bond market is sending us a signal that all of this is unsustainable,
00:03:48.600 that America's financial house is not in order.
00:03:52.060 There's a couple other things happening, too.
00:03:53.540 UnitedHealthcare is in the Dow. That's only 30 stocks, and that had a downgrade today,
00:03:57.460 and it's got all kinds of headwinds and negative headlines for UnitedHealthcare.
00:04:01.320 Target had a disappointing outlook there for Target.
00:04:06.340 It says it's going to do everything it can without raising prices because of tariffs, but that might not be the case.
00:04:13.000 There's a lot of different things happening, but I'm very, very focused here on the bond market again and what that is telling us.
00:04:18.360 You have 30-year interest rates back above 5%.
00:04:22.320 That hasn't happened since the fall of 2023, so it's telling you there's a moment here in America's fiscal path.
00:04:28.240 A high-stakes meeting kicking off over President Trump's mega-budget bill.
00:04:32.260 Eamon Javers is there with the details.
00:04:34.500 Eamon.
00:04:35.300 Hey there, Mike.
00:04:36.020 We're not going to see this meeting on camera, but President Trump is expected to be meeting shortly with the House Freedom Caucus.
00:04:41.500 That's the most conservative group of House members in the Republican conference, and they are the most conservative fiscally as well.
00:04:49.060 They're not happy with President Trump's big tax bill that's moving on Capitol Hill.
00:04:53.580 They say they want deeper spending cuts.
00:04:55.460 Take a look at some of the items that they say they'd like to see before this bill is passed.
00:05:00.300 They want those deeper spending cuts.
00:05:01.960 They want a faster phase-out of green energy tax credits, and they want faster implementation of work requirements for Medicaid.
00:05:09.400 The president, for his part, has been pushing them to pass the bill anyway over their objections,
00:05:14.180 and the White House released a statement earlier today saying that any failure to pass the president's bill would be the ultimate betrayal of President Trump.
00:05:22.880 That's pretty tough stuff for these members who, of course, are all conservative Republicans,
00:05:26.860 and most of them in conservative Republican districts who all depend on the president's voters as well for their own political support.
00:05:33.700 So a high-stakes meeting here, Mike.
00:05:35.140 We'll let you know how it goes.
00:05:36.740 All right.
00:05:37.380 Appreciate it, Eamon.
00:05:38.320 We'll be back to you soon.
00:05:41.860 This is the primal scream of a dying regime.
00:05:46.760 Pray for our enemies, because we're going medieval on these people.
00:05:52.000 Here's one time I got a free shot at all these networks lying about the people.
00:05:56.220 The people have had a belly full of it.
00:05:58.300 I know you don't like hearing that.
00:05:59.720 I know you've tried to do everything in the world to stop that, but you're not going to stop it.
00:06:02.360 It's going to happen.
00:06:03.640 And where do people like that go to share the big line?
00:06:07.020 MAGA Media.
00:06:08.360 I wish in my soul, I wish that any of these people had a conscience.
00:06:13.780 Ask yourself, what is my task and what is my purpose?
00:06:17.560 If that answer is to save my country, this country will be saved.
00:06:23.220 Save War Room.
00:06:24.800 Here's your host, Stephen K.
00:06:26.840 Bannon.
00:06:31.400 Okay, Wednesday, 21 May, Year of Our Lord, 2025.
00:06:36.120 Reuters.
00:06:36.600 Tepid demand for U.S. Treasury auction shows investor jitters about tax bill and deficit.
00:06:46.220 U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday with investors worried about the country's increasing debt burden as Congress wrangles with a tax and spending bill that is expected to worsen the fiscal outlook.
00:07:00.540 The poorly received auction, which saw stocks and the dollar sell-off while U.S. Treasury yields rose, shows intensified investor worries about the country's ballooning debt that could spur bond market vigilantes who want more physical restraint from Washington.
00:07:15.340 I told folks, hey, bond market's going to get a vote here, and we don't want the bond market dictating the terms of what the United States does.
00:07:26.500 The reason you get into these situations is because your debt gets out of control and they don't see any kind of path.
00:07:34.520 And remember the path, this was the path of the Treasury Secretary and the President, 6.5% of deficit to GDP, which we are now, which is not sustainable.
00:07:48.600 This is why the French Assembly got turfed out.
00:07:52.520 And Le Pen and company really took the majority there because in trying to cut it, they put the burden, they went full globalists and put the burden on working class people.
00:08:01.740 And people said, no, it's not going to happen like that.
00:08:03.860 Six and a half down to something that's sustainable to three and a half.
00:08:07.760 That's not a balanced budget.
00:08:09.980 That's at least having deficits you can finance.
00:08:13.760 Remember, we have to sell these securities.
00:08:16.820 What you don't sell, you have to buy yourself, and you don't want to get in that situation.
00:08:22.200 Ray Dalio, obviously, no friend to anybody, said, hey, you have a couple of failed Treasury auctions next time.
00:08:29.320 And rates ballooned today.
00:08:31.280 Ten years, 4.61.
00:08:34.840 You don't think people say, well, deficits don't matter, Steve.
00:08:37.000 It doesn't matter.
00:08:37.800 Hey, check your credit card.
00:08:39.120 Check your home loan.
00:08:40.620 Check your, if you've got a home, if you've got a loan that's contingent upon interest rates going up.
00:08:49.520 If it resets, the 10-year Treasury runs your life.
00:08:53.140 Everything, credit card, student loan, auto loan, all of it.
00:08:57.060 10 point, 4.6% now.
00:09:01.100 They had a softness, sold 16 billion of 20 years today.
00:09:04.460 Remember, we talked about Scott Bessett and the Treasury trying to start to go long to get some stability here?
00:09:11.640 Because Yellen, like a banana republic, has just done it short because they were afraid of the appetite, given their business model.
00:09:19.520 So, the 20 years over five, the 30 years over five, the 30-year mortgage is over seven or at seven.
00:09:27.800 We are going to lose the ability to make our own decisions.
00:09:33.940 This is why President Trump, this is another un-extraordinary event happening right now in the White House.
00:09:41.600 The president's negotiating with caucuses in the House to get a deal.
00:09:48.160 They've been up there, I think, all afternoon, started at three.
00:09:52.760 President Trump stepped out of these negotiations or these discussions and stepped into the University of Florida, you know, basketball champions to do the event.
00:10:07.540 And that was packed.
00:10:08.520 Think about that, the East Room packed with Florida man.
00:10:14.760 Wow.
00:10:15.420 Not since Andrew Jackson was president has so many distinguished individuals from the South been in one room, formerly when Jackson was Tennessee Volunteers.
00:10:27.540 And he stepped back in.
00:10:29.680 We're waiting for somebody to step out?
00:10:31.640 That's Trump in deal mode.
00:10:34.740 He's not even whipping anymore.
00:10:36.260 He's not even doing Tom Emmer's job.
00:10:37.480 He's like doing the speaker.
00:10:38.680 He's making it looks like he's making a deal or going through and hearing what the feedback Andy Harris said today would take 10 days, a week to 10 days to get there, that people would get there.
00:10:49.900 That's one thing I think folks ought to understand, at least in the House, it looks like they're going to get to a deal.
00:10:55.080 There is enough coherence, cohesion.
00:11:01.620 But they want to get the spending down.
00:11:03.660 And like I said, the bond market is starting to, the bond market is starting to, you know, starting to respond.
00:11:12.220 And they want to see some action.
00:11:14.440 And they're going to have to get action or they're going to continue to get these high prices.
00:11:17.720 And that's going to flow through everything.
00:11:20.060 You think you've got personal inflation now?
00:11:21.760 Wait till it rolls through your credit card.
00:11:23.160 Wait till it rolls through your home loan.
00:11:24.540 Wait till it rolls through your auto loan.
00:11:26.520 Your equity loan, if you've got one, it's all going to happen.
00:11:33.500 And so we're waiting on that.
00:11:35.000 I know there are some solutions.
00:11:37.100 I don't want to mention again the defense budget.
00:11:39.180 I don't want to mention again, hey, maybe you get other revenue streams.
00:11:43.540 I think that's all going to have to come late.
00:11:45.260 Or a defense, I don't see anybody touching that.
00:11:47.820 But that's fine.
00:11:49.400 But just understand that that is a huge center of cost.
00:11:54.560 We didn't sick doge on it.
00:11:56.420 So it's a centerpiece of waste, fraud, and abuse.
00:12:01.580 Nothing.
00:12:03.380 It looks like they're going to prove that.
00:12:04.920 But hey, because the politics of it are so strong.
00:12:08.080 And sadly, and I say this as a veteran, it's the one industrial policy that we have.
00:12:17.820 But on the taxes, I think that's going to come back up.
00:12:21.020 If it's not in this House bill, which it looks like it's not, I think it's going to come back up in the Senate.
00:12:25.700 Remember, when he goes to the Senate, I think Rand Paul is pretty adamant about he's saying, hey, I see this thing.
00:12:33.240 You're raising the debt ceiling.
00:12:34.420 I'm not there.
00:12:35.980 I think Rand Paul is giving you every signal like Tom Massey that he's a no.
00:12:41.320 Ron Johnson is talking about $8 trillion, $8 trillion of cuts, not a couple of trillion.
00:12:46.280 He's talking about $8 trillion.
00:12:48.480 To really go down and get to it and get on an arc to a balanced budget, the six and a half percent, at least on these numbers now, as presented.
00:12:55.460 And like I said, they have not included monies from tariffs, at least that I've seen.
00:13:00.880 They haven't put in a growth rate or plugged in a growth rate that I think there's a consensus on.
00:13:06.320 But the arc doesn't bend.
00:13:10.920 Zero hedge now.
00:13:12.020 It's their premium zero hedge, so you've got it.
00:13:13.840 It's behind their paywall.
00:13:15.140 But their number one story all morning is about how the deficits go up pretty extensively in the first couple of years.
00:13:23.140 Once again, Russ Vogt and the team thought it was more important to get mandatory changes to kind of bend this arc, but that's all in the out years.
00:13:35.020 And pretty, Russ is correct.
00:13:38.460 Pretty historic, pretty historic changes.
00:13:41.280 But you've got to go through four or five years of hell to get there.
00:13:45.040 At least it looks like hell now when you look at the math.
00:13:47.220 Anyway, bottom line, they're at the White House with President Trump, and I've got a feeling a deal is either going to get made or there's going to be a path, just like on tariffs.
00:14:00.540 There's going to be a process.
00:14:02.380 No more of this middle of the night and running around.
00:14:05.340 Trump will get them on a process.
00:14:06.640 What do you need?
00:14:07.900 What information do you need?
00:14:09.220 What can we give you?
00:14:10.940 Maybe you don't understand this part of it.
00:14:13.660 I think we can say that he's taken over the lead in negotiations.
00:14:16.980 They're not up at the White House.
00:14:18.160 Look, historically, for the president to go up and whip votes yesterday to go to the conference, historic.
00:14:24.520 For him having down, look, they've had Pelosi and people like that down.
00:14:27.240 But in this time of the bill, when you have a caucus come down, not just leadership of both parties, you have the caucus come down.
00:14:36.340 Very extraordinary.
00:14:37.880 A lot going on over at the White House right now.
00:14:40.540 We're going to take a short commercial break.
00:14:42.940 Take your phone out.
00:14:43.900 If you want to talk about a hedge, that would be gold.
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00:15:15.160 They're calling this the Rio reset as BRICS nations push forward with their plans.
00:15:21.280 Global demand for U.S.
00:15:22.380 Dollars will decrease, bringing down the value of the dollar in your savings while this transition won't not happen overnight.
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00:16:28.020 Here's your host, Stephen K. Bannon.
00:16:33.780 Okay, we have some updates.
00:16:37.040 Looks like the congressional leaders and members of the Freedom Court have just left the White House.
00:16:41.520 Right?
00:16:43.360 Per folks there are seeing them.
00:16:46.700 News, this is from Katia Goba, very good reporter over at Semaphore.
00:16:51.400 She follows this beat.
00:16:53.160 News from the White House meeting.
00:16:54.400 She's quoting now.
00:16:55.840 The meeting was productive.
00:16:56.860 This is from Caroline Levitt.
00:16:58.180 The meeting was productive and moved the ball in the right direction.
00:17:00.920 The president reiterated how critical it is for the country to pass the one big, beautiful bill as quickly as possible.
00:17:07.720 That means no deal yet.
00:17:09.000 That's pretty amazing.
00:17:12.760 The meeting was productive and moved the ball in the right direction.
00:17:15.640 Now, from Jake Sherman, news from Speaker Johnson, manager's amendment.
00:17:22.420 Remember, you have to, the manager's amendment, you've got a bill.
00:17:25.720 The manager's amendment shows you what changes they're going to be so you can have a rules vote and then keep rolling.
00:17:32.800 And this is quite extraordinary.
00:17:37.620 Normally, in the normal course of business, this would have come out last evening, 9 or 10 o'clock, and then they would have had the rules at 1.
00:17:46.440 You still don't have it.
00:17:47.600 You don't know what changes are made.
00:17:48.800 The reason you don't know what changes are made, you don't have a deal.
00:17:52.220 You may have a deal on SALT, but you don't have a deal on the Medicaid cuts and maybe some other cuts.
00:17:58.480 So, manager's amendment out soon.
00:18:03.540 Again, no definition of what that is.
00:18:05.340 And then they'll decide whether to vote tonight or tomorrow morning.
00:18:08.880 Wow.
00:18:10.080 So, maybe they're going to try to jam a vote tonight.
00:18:14.120 You never know.
00:18:14.920 Maybe they're going to Capitol Hill.
00:18:16.000 Maybe they came to some sort of agreement in terms, you know, rough terms, and then go up to Capitol Hill to paper it.
00:18:21.900 We'll have to see.
00:18:22.800 See, this gets back to the fiscal, both the fiscal and the monetary side of this.
00:18:36.440 What is going to be, you know, what are these deficits and then how are they going to be financed?
00:18:40.160 And you're seeing right now the market kind of puking all over them.
00:18:43.700 Number one, I think we can get over this if there's just better definitions of things and people went around and started to actually say, no, here are the numbers.
00:18:52.820 Here's what we're getting from tariffs.
00:18:54.180 Here's what we're getting from Doge.
00:18:56.800 Elon Musk is up on Capitol Hill, but it was not for, it's just been informed it was not for anything with Doge because he's not up there with the big entourage.
00:19:03.120 He's actually there in his capacity as CEO of his new AI company.
00:19:08.740 Remember, they spun off the AI aspects, I think, of Tesla and merged it into his other AI entity, and he's one of the big four.
00:19:15.380 He's one of the four horsemen in artificial intelligence.
00:19:21.120 You heard Max Tegmark today talk about that before he went over to Catholic University for that panel.
00:19:27.860 Elon is up there, my understanding, meeting with the heads of the Commerce Committee and certain committees that are involved in artificial intelligence to get them up to speed on what's going on.
00:19:37.960 Not in a Doge capacity.
00:19:44.200 So that's where we are.
00:19:45.320 This one's hanging in the balance.
00:19:46.780 It is a self-imposed Memorial Day because they do go on a break, believe it or not, over Memorial Day.
00:19:54.820 But from Johnson, this is logical.
00:19:56.940 You have to have forcing functions to get these people to move.
00:19:59.660 One is that you're going to hold them over a holiday weekend.
00:20:03.780 And so you force them.
00:20:04.620 If he lets that go and he gets in the next week, who knows when he can get this thing done?
00:20:09.140 He's using his leverage to try to get something.
00:20:12.040 And that's why it's always been this Memorial Day.
00:20:14.540 Speaking of Memorial Day, I want to talk about always, as you know, we always make a big deal about Memorial Day around here.
00:20:21.880 And always thanks to Robin Parker Sagan, the entire team of Real America's Voice, always very helpful in putting together the shows.
00:20:30.480 Also, Patrick K. O'Donnell.
00:20:32.460 This year, we're going to do it.
00:20:33.680 It's going to be slightly different.
00:20:34.840 And here's why.
00:20:35.580 We're going to be live, obviously, both Saturday and Monday.
00:20:41.720 And the president is going to.
00:20:43.400 So the the commencement, the graduation at the United States Military Academy at West Point is going to take place Saturday morning.
00:20:51.900 The president is there to preside, preside over those that occasion and actually give the remarks.
00:21:00.880 So I think it starts at 10 in the morning.
00:21:04.480 Captain Bannon, who's now a member of the Board of Visitors, will be there.
00:21:09.100 We're going to try to get her for a maybe a pregame interview. 0.87
00:21:11.900 General Mike Flynn.
00:21:13.100 And right now we schedule General Flynn for Friday morning.
00:21:16.700 General Flynn will also be there.
00:21:18.000 I think the Board of Visitors, the new Board of Visitors that President Trump has put in, which has an extraordinary, just an extraordinary group of people to really help turn turn around the academy.
00:21:29.520 President Trump, very dear to his heart, he's going to go up and give the commencement address at West Point.
00:21:37.120 That will be Saturday morning.
00:21:38.880 Patrick K. O'Donnell will be my wingman.
00:21:41.300 We're going to do as much of our traditional Memorial Day programming as we can, given the fact that we're also going to be covering live the president at West Point.
00:21:51.600 I want to thank Real America's Voice.
00:21:54.240 They're covering this wall.
00:21:55.120 Then on Monday, we're going to be, also, we'll be live, and we're going to have, hopefully, Patrick K. O'Donnell back with me.
00:22:03.540 The president is going to go to Arlington National Cemetery, where he commemorates Memorial Day for the honored dead of the United States military.
00:22:12.640 And he goes and makes remarks at Arlington National Cemetery.
00:22:15.760 We're going to cover all that live.
00:22:16.760 So you're going to get it the entire weekend, Memorial Day commemorations for the honored dead of the United States military.
00:22:25.460 And also the commencement address and the activities around graduation at West Point.
00:22:33.360 And it's an extraordinary, extraordinary event.
00:22:35.960 So we're really looking forward to covering that.
00:22:38.420 Also, so much going on.
00:22:41.880 President had the South African president.
00:22:43.620 They got a little bit into it.
00:22:46.000 And like I said, the two of the guys that were there to help put it together, Ernie Els, the golfer, Retief Goosen.
00:22:51.680 The president's close to both.
00:22:53.020 And Gary Gary Player didn't make it.
00:22:54.420 The president's close to that.
00:22:55.680 The president, as you know, is an avid golfer and a real follower of pro golf.
00:23:00.580 If President Trump is actually trying to put together, if you follow golf, you have the PGA Tour and you have the Live Tour.
00:23:07.540 The first time golf's really been split in two.
00:23:10.300 The Saudis are back or that. 1.00
00:23:11.420 The president is actually involved in trying to put those tours, two tours together, which everyone that follows golf wants to happen.
00:23:19.120 If you saw the PGA Championship this weekend, you saw the John Rahm and Bryson DeChambeau.
00:23:26.880 And you saw what we miss all the time and having those great golfers that are on the Live Tour only get a couple of times a year during the major championships to play with and against the Scotty Schefflers and the great stars of the PGA Tour.
00:23:42.720 President Trump is working, has announced he's working on trying to put that together to put that behind us.
00:23:47.380 But he's got many, many friends in golf very close to Gary Player.
00:23:52.000 Gary Player, one of my heroes growing up, just an amazing guy from South Africa that flew the world, really the first international global golfer and became the ambassador for international golf, very close to President Trump.
00:24:07.140 And, of course, President Trump, I think, plays with Ernie Els and Ratif Goosen all the time, two of the best pros that come out in the last, I guess, 30 or 40 years.
00:24:15.920 They were actually in the Oval today. So there was a little dust up. But I think they tried to I think they tried to sort it out.
00:24:22.860 Also had Johan Rupert, one of the richest men in the world and owner of of many of the top brands, you know, aspirational brands in the world was also there.
00:24:34.700 And so you had that. You had the Florida Gators and then you've had President Trump negotiating.
00:24:41.240 So President Trump's in the middle of the deal, although Caroline Lovett just told there's no deal yet.
00:24:45.220 Progress was made. And because I think there's a pretty deep, deep fissure here, I think it's going to get worse in the Senate.
00:24:53.240 I just don't think the Senate people have been as vocal about it.
00:24:55.980 But we know there's a bunch of no's in the Senate right now, given this question of the deficits, given the fact that this does make cuts.
00:25:04.660 It kind of makes historic cuts in room and guard, particularly to mandatory spending.
00:25:08.380 This is one of the things that's been at the top that Russ Vogt has tried to accomplish, that Russ Vogt's been working on.
00:25:15.180 In doing that, there's maybe not as many cuts in the first couple of years.
00:25:20.200 And that's why if you read the Zero Hedge article, if you read some of these other articles, you're not going from that six and a half percent of budget deficit to GDP down to three and a half percent.
00:25:30.280 There's not an arc right now. Looks like it may be even flat, maybe even go up.
00:25:35.040 Now, one of the reasons I think that is, is that the models they're using.
00:25:39.060 I could be wrong, but I don't think I'm wrong.
00:25:41.360 Do not incorporate all economic reality.
00:25:43.880 Number one, I don't think they fully account for tariffs and the external revenue service and the cash is coming.
00:25:52.140 One thing we do know, it's not going to be a trillion dollars of doge cuts and waste from abuse.
00:25:56.280 That is not going to happen.
00:25:58.240 It's going to be something, but it's not going to be that number.
00:26:01.040 And it's not going to be a trillion dollars of tariffs of which was first proposed.
00:26:06.760 That's not going to happen, but it's going to be something.
00:26:08.580 It could be a hundred billion dollars, could be a couple hundred billion dollars.
00:26:10.780 In this regard, every billion dollars helps.
00:26:15.280 Remember, the rescission package that they won't put forward, Russia's hesitant to put forward because it's not sure that has Republican support, is only nine billion dollars.
00:26:24.380 One, two billion for NPR and PBS and another seven, I think, for various other things that doge found to try to codify.
00:26:32.560 And there's not enough support right now for that.
00:26:35.000 My understanding is that's why it's not coming forward.
00:26:37.040 Everybody's focused on the reconciliation, but the Senate passed the no tax on tips yesterday outside the reconciliation package, a hundred to nothing.
00:26:47.200 You don't think economic populism is if people are getting on board for it when all of them, how many times they don't vote for post offices names at a hundred to nothing?
00:26:58.340 Everybody wants to climb on to show working class people, hey, I'm with you. 1.00
00:27:01.920 In the Democratic Party, particularly if you look at the last 48 hours, they're internally, you know, self-flagellation about there's no message, they don't know what they're doing.
00:27:12.820 And it all comes back to one thing.
00:27:14.200 This is this Robert Reich piece in The Guardian about a week ago.
00:27:18.860 There's no economic populism.
00:27:20.480 There's no real math about what their plan is, not just on taxes, but how to grow the economy for working class people and the middle class.
00:27:29.360 There's nothing you got, as I say, Ro Khanna, but he's kind of a voice in the wilderness and he ain't doing primetime MSNBC as their ratings collapse because all it is is that they define themselves in their hatred of Trump.
00:27:45.920 Well, Trump doesn't define himself in the Democratic Party.
00:27:49.200 He defines himself by what's good for America.
00:27:52.600 What's good for America.
00:27:53.780 And then he explains it.
00:27:54.800 And I think that's what you're going to see in this in the big, beautiful bill.
00:27:58.600 I think you'll see a lot of definition on all of this in the next 24 to 48 hours.
00:28:04.300 Historic.
00:28:04.840 Another historic day.
00:28:06.040 Another historic week.
00:28:07.980 President Trump making it happen.
00:28:09.880 I'm kind of surprised he's not having guys into the Oval to have, you know, take a few questions or disintermediate the media.
00:28:16.280 Short commercial break.
00:28:17.260 Back in the warm in just a moment.
00:28:18.360 You've heard me talk about Patriot Mobile for a while now.
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00:29:53.940 Here's your host, Stephen K. Bannon.
00:29:56.540 Tomorrow, we're going to have Alex Jones is going to join us in the 11 o'clock hour.
00:30:05.100 A lot to go through with Alex Jones.
00:30:06.500 Just reconfirmed with him.
00:30:08.560 So latest reporting, keeping you up to date.
00:30:12.020 Looks like they're going to try to vote tonight.
00:30:14.520 They're going to jam this one through.
00:30:16.080 Dare you not to.
00:30:16.960 So I understand they're still trying to make a deal, particularly on Medicaid and some of these other issues related.
00:30:24.100 And when this process first started here, I shouldn't say process.
00:30:27.140 The latter part of this process, there's been a lot of progress made in this audience should take a bow.
00:30:34.420 And obviously your representatives.
00:30:36.260 But I mean, there were some egregious things like the work requirements didn't start to 2029.
00:30:40.760 They still had all these the Green New Deal stuff went went for a number of years. 0.60
00:30:46.180 If you're going to make some cuts, all the cuts are going to have a little pain to them.
00:30:49.700 Some are going to have if you don't make cuts now, some later are going to have real pain to them because you're going to run out of money.
00:30:57.200 Just remember that it is virtually zero percent chance that any of the face amount of this debt will ever be paid off.
00:31:07.800 You're going to scramble to pay the interest.
00:31:10.760 And the interest is extraordinary.
00:31:12.740 Interest is going to get up to what, $1.5 trillion?
00:31:17.080 That's going to crowd out.
00:31:18.820 That's going to crowd out opportunities for other capital.
00:31:23.320 That's going to stop.
00:31:24.180 Remember, that interest payment doesn't go for ships or planes or tanks or agriculture programs or health programs or any of the other programmatically what is in there.
00:31:36.780 It doesn't.
00:31:37.620 It goes to pay the debt on the on the bonds.
00:31:42.320 And this is getting more expensive.
00:31:44.100 You're starting to get, you know, the lead story in Reuters is that we had a little bit of bond vigilantes today and selling a kind of a softness.
00:31:51.280 A weak treasury auction.
00:31:54.500 A couple of weeks ago, this is what happened.
00:31:55.960 Remember, the market had the little hickey two or three weeks ago.
00:32:01.600 And Scott Besson kind of had to step in there.
00:32:03.220 There was a little.
00:32:03.780 And then I think they had a 10 year treasury auction later that morning, early afternoon, and it went OK.
00:32:12.180 You saw yesterday with Japan and the out years, I think, selling 20s and 30s had noticed a real lack of demand because these bondholders know the bondholders are not into a lot of risk.
00:32:23.800 That's where they're buying government securities and particularly buying U.S. government securities.
00:32:30.080 They want those to be risk free.
00:32:32.460 They assume that they're not getting huge interest payments and not getting junk bond level or any kind of warrants or equity or anything like that, because the risk profile is very different.
00:32:43.040 And you're the full faith and credit of the United States government.
00:32:48.860 So this is what we've warned about.
00:32:51.340 And this is let's go back two years when two years and.
00:32:57.340 The Liz trust situation where she put forward her plan, her new government budget.
00:33:04.360 Although they didn't include a lot of math to back it up, it was more kind of conceptual or words.
00:33:11.040 There wasn't a tremendous amount of math.
00:33:12.420 And they said, hey, we don't have a requirement to put it out for so long.
00:33:14.700 And I'm saying you should put it you should overwhelm people with numbers so they understand this.
00:33:20.220 She was turfed out, what, in 30 days, 60 days in the bond. 0.98
00:33:24.600 And she blamed it on.
00:33:25.840 And she's a good person.
00:33:27.040 I like her a lot.
00:33:27.800 But she blamed it on the deep state of the Bank of England.
00:33:30.900 Well, I'm not saying that certain members, maybe the Bank of England, weren't involved in talking to.
00:33:37.780 Bondholders or whatever, but it was the bond market that kind of turfed her out.
00:33:40.720 But one of the reasons that they were very concerned is that to get the returns in the pension fund,
00:33:46.140 some of these pension fund managers to get the returns to meet their actuarial tables because people are living longer.
00:33:53.540 There's a couple of three of these people got some pretty, maybe crazy voodoo like stuff in their portfolios that, you know, people don't think they have.
00:34:03.220 And they didn't want a lot of exposure in that.
00:34:05.140 They couldn't mess around, at least on the on the on the street, on the government bond side.
00:34:09.760 She was gone.
00:34:11.600 And at the time, and, you know, I love Larry Kudlow and Steve Moore.
00:34:15.680 Those guys are sitting there on TV nonstop.
00:34:18.420 This is Reagan time.
00:34:19.820 This is a this is a growth thing.
00:34:22.360 And I said, you can't have massive tax cuts where you don't have Matt.
00:34:27.700 You don't have concomitant cuts in spending.
00:34:30.800 I said the time we play the tapes, I said, if you do that, you're it's not going to fly.
00:34:34.700 They're going to say no.
00:34:36.420 You just can't have cuts now and stop the revenue now in hope.
00:34:41.600 Right. And hope that it kicks in for growth, which it should.
00:34:47.080 But it's you're making a bet.
00:34:51.180 When you're not doing cuts to kind of bring down the cost of it, and she wouldn't.
00:34:55.360 She didn't touch anything at the cost.
00:34:56.720 They didn't have the political will and the Tories who eventually got turfed out.
00:35:02.540 Remember, was it Richie Sunak followed her and he was, you know, not as bad, but but couldn't get to the core of it.
00:35:10.260 They didn't want to touch and they wouldn't do any cuts.
00:35:12.120 They didn't want to start.
00:35:12.720 They also didn't want to stop the flood of immigrant immigrants.
00:35:17.040 This is why Naja Farah's reform party is now leading the polls of everybody.
00:35:22.500 And the Tories are quickly fading into oblivion.
00:35:27.040 That lesson should not be lost on Republicans, on standard stock Republicans, rhinos. 0.98
00:35:34.220 If you're going to have tax cuts, you have to have spending cuts.
00:35:38.040 They're not going to buy, particularly on the supply side.
00:35:42.640 Yes, it should work.
00:35:43.640 President Trump's first term, it definitely worked.
00:35:46.260 It should work.
00:35:49.140 But you're asking somebody to take a risk.
00:35:51.380 It's just like you finance with equity capital in a company.
00:35:54.980 Right.
00:35:55.440 He said, hey, two, three years out.
00:35:57.100 Look at this.
00:35:57.500 We're going to double, triple revenue, operating income, cash flow, EBITDA.
00:36:01.240 It's all great.
00:36:01.840 Yeah, I got that.
00:36:02.940 But that's two or three years.
00:36:04.280 And a lot of things have to go right in your model.
00:36:06.440 Bang, bang, bang. 0.89
00:36:07.500 Your management team has to perform.
00:36:09.080 The market has to be there.
00:36:10.580 There's all types of variables.
00:36:12.360 And guess what?
00:36:13.240 This is why it's not a bank loan.
00:36:14.520 This is why it's equity capital.
00:36:15.580 We're going to own a big part of the company.
00:36:17.780 And if it doesn't work, you know, we'll take in charge of the board and turf you out.
00:36:21.620 That is what capitalism is.
00:36:26.440 And why certain people were saying, Liz, trust the plan is a Reagan growth plan.
00:36:30.440 I said, yeah, Reagan was 40 or 50 years ago.
00:36:32.360 It's a different deal.
00:36:33.140 It's a different world.
00:36:34.340 It's a different environment.
00:36:35.800 Right.
00:36:36.040 Some of the principles are the same, but it's a different environment.
00:36:40.000 President Reagan, we had a relatively pristine balance sheet.
00:36:43.240 I mean, President Reagan took on a massive problem.
00:36:45.460 A lot of you folks are around then, coming out of the Arab oil embargo and the Jimmy Carter situation and the massive inflation and coming off the, don't forget, Nixon coming off the gold standard.
00:36:56.220 Just saying.
00:36:57.240 A lot of the bad charts, the bad numbers all kind of come from there.
00:37:03.180 And I'm not a gold bug.
00:37:05.680 I'm just saying, when you look at the math, and President Reagan stepped in with Volcker.
00:37:10.380 And, man, the political will they had and the courage they had to wring it out and to set up the foundation to take on the evil empire, that was courage.
00:37:21.080 You go back and remember every night in the nightly news, the unemployment up.
00:37:24.440 I mean, just brutal.
00:37:26.140 And Reagan just hung in there and hung in there and hung in there. 1.00
00:37:29.420 And I think in August of 83, I think, was the lowest.
00:37:34.060 I think his approval range is like at 35%, 33, 35%.
00:37:37.600 And then when it hit and it pivoted, boom, a moonshot.
00:37:42.440 And in 84, he won by the biggest landslide in American history.
00:37:48.460 But that was political courage.
00:37:50.300 But he had also a pristine balance sheet.
00:37:52.900 We were still a manufacturing, essentially hegemont.
00:37:56.240 We were starting to lose it, but we were still a manufacturing superpower.
00:37:59.560 We had a workforce, a blue-collar workforce that was much more highly educated than today and had a skill set and a work ethic.
00:38:10.280 So we had some real courage you could play, and they leaned on it.
00:38:13.460 We ain't got that today.
00:38:15.940 You know what we got?
00:38:16.840 We got $36 trillion of debt, and as soon as the debt ceiling increase, it's going to pop to 37.
00:38:22.680 Why?
00:38:23.020 Scott Besson's been doing an amazing job over there with emergency measures, doing everything he can.
00:38:27.960 But the moment that's lifted, they're going to sell the bonds, and you're going to be at 37 trillion or over 37 trillion.
00:38:35.680 And this model shows, this model, the government's model, the Trump administration's model shows $4 trillion just to get us through the midterm elections,
00:38:48.260 of which my math shows that we don't even get there.
00:38:52.020 I could be wrong, but I don't think so.
00:38:56.740 So we're in a jam.
00:38:58.740 And President Trump, this is his, I keep saying, the 10th anniversary of him coming down the escalator is a couple weeks from now, June 15th.
00:39:08.020 I think it's Father's Day, the day after the big military parade, flag day and his birthday.
00:39:13.800 So June 15th is the 10 years.
00:39:18.660 All of that, everything we've gone through, all of it is a preamble to now.
00:39:25.640 The permanent part of his legacy, the permanent part, not the heroics of coming back and everything to do and all we've been through and all he's been through.
00:39:35.100 All this movement's been through and the country is a preamble to, I say, the next couple hundred days.
00:39:41.540 The sorting out of the Connecticut part of the Third World War, the challenge, the constitutional crisis of the judicial revolt against his being commander in chief and essentially sealing the border, stopping the invasion and sending the 13 million invaders out of here.
00:39:55.740 And the centerpiece, which is redoing the entire commercial relationships of the world as it relates to the United States and America first economic policy and putting citizens first for the first time ever.
00:40:10.360 And the economic model that's based upon and how you finance it, all of that, because that's what that's what the big, beautiful bill is when you get down to the basics.
00:40:23.020 This will all be done one way or the other by, I don't know, let's pick the by the time the Supreme Court returns in October, the first week of October.
00:40:35.600 Because you're going to have to have some resolution there.
00:40:38.040 Where the kinetic part of the Third World War, you will either have some sort of laying down the guns in Ukraine, in the Middle East and some sort of workout with Persia, or you're going to be a world of fire. 0.85
00:40:51.640 And this bill, I think, worst case jointly with the Senate.
00:40:56.300 And then remember, if the Senate passes their thing, then you've got to have a conference come up with a joint bill.
00:41:02.240 Well, you know, the debt ceiling has got to be dealt with in August.
00:41:05.400 So you vote in August, September, something like that.
00:41:08.640 By the time that all gets hammered out.
00:41:11.140 So those three, what I call the converging crises.
00:41:15.620 Of modern America.
00:41:18.260 And lo and behold.
00:41:20.900 Why do we have these crises?
00:41:22.460 Why do we have 13 million invaders into the country? 0.91
00:41:25.440 Why did we lose our sovereignty?
00:41:26.880 Who invited them in?
00:41:28.060 How did these wars start?
00:41:29.220 They certainly weren't on President Trump's watch.
00:41:31.380 They all happened in Biden.
00:41:32.660 Oh, I got it.
00:41:33.660 How did all the spending get out of control?
00:41:35.800 The consolidation of wealth on Biden and the financing Biden did short term like a banana republic.
00:41:41.040 All of it, folks.
00:41:43.680 The railhead.
00:41:45.800 The deep part is 2008 financial collapse.
00:41:48.820 Didn't handle that right.
00:41:49.940 Still got the scars of that.
00:41:51.060 But the railhead of the current convergence of crises start with the illegitimate stolen election of 2020.
00:42:03.760 Have you ever heard me say that before?
00:42:05.300 Have I ever mentioned that?
00:42:08.200 This is why you need a special prosecutor.
00:42:10.220 This can never happen again.
00:42:11.440 And we got to get to the bottom of how it happened and the implication and who's responsible and who's going to go freaking prison for it.
00:42:17.140 We got to get that done.
00:42:19.920 With everything else we have to do, we have to get that done.
00:42:22.000 And I realize it's a big, it's a big inbox.
00:42:25.660 But we've got big shoulders.
00:42:27.460 It's the United States of America.
00:42:28.660 We do big things.
00:42:29.500 Look what President Trump's doing.
00:42:31.140 He's changing everything to focus on the country first and the American citizens first.
00:42:37.480 He's not doing small stuff.
00:42:38.700 Heck, and everything else he's doing, world peace and everything.
00:42:42.780 Heck, he's got the Freedom Caucus up there and they're negotiating this afternoon while he's going in and out to award the national champions.
00:42:49.200 He's got the South Africans. 0.99
00:42:50.420 He's got, you know, he's dealing with their problems.
00:42:53.660 And he's got friends that are South Africans saying, hey, here's how you can help.
00:42:58.680 He's congratulating people.
00:42:59.980 And by the way, behind the scenes, they're doing a hundred other things.
00:43:02.520 And he's now negotiating this.
00:43:08.080 And so tonight, as we go to the D block here, and the next hour is going to be extraordinary.
00:43:13.780 Something I've wanted to do for so long.
00:43:16.300 You guys are going to be blown away.
00:43:17.900 I've really, we put together a, Ian, was it, Yakilov from Yakilov from Epoch Times, one of my favorite.
00:43:30.460 The great show and a great investigative reporter with Liz Yure and Ben Harnwell to really go through and break down some horrific situations in the world that will shock you.
00:43:43.340 Okay, short commercial break.
00:43:44.420 Back in the war room in just a moment.
00:43:50.020 You missed the IRS tax deadline.
00:43:56.920 You think it's just going to go away?
00:43:58.260 Well, think again.
00:43:59.420 Again, the IRS doesn't mess around and they're applying pressure like we haven't seen in years.
00:44:05.300 So if you haven't filed in a while, even if you can't pay, don't wait.
00:44:10.080 And don't face the IRS alone.
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00:44:43.960 And they can help you, too.
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00:44:47.220 Just call Tax Network USA right now.
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00:44:50.660 Talk with one of their strategists and put your IRS troubles behind you.
00:44:54.340 Put it behind you today.
00:44:56.140 Call Tax Network USA at 1-800-958-1000.
00:45:01.440 That's 800-958-1000.
00:45:04.400 Or visit Tax Network USA, TNUSA.com slash Bannon.
00:45:09.180 Do it today.
00:45:09.960 Do not let this thing get ahead of you.
00:45:13.180 Do it today.
00:45:15.400 Here's your host, Stephen K.
00:45:17.480 Bannon.
00:45:19.080 Okay, let's make sure that everybody, Grace, I want everybody to read the tepid demand for U.S.
00:45:24.300 Treasury auction shows investor jitters about tax bill deficit.
00:45:27.280 Everybody just read it and make sure that you're up to speed because tonight and tomorrow we're going to try to cover as much of this life as possible.
00:45:33.200 Also, the 14th is the 250th anniversary of the military.
00:45:38.620 It's President Trump's birthday.
00:45:40.380 It's Flag Day.
00:45:42.280 It's the day before, obviously, Father's Day, but the 10th anniversary coming down the golden escalator.
00:45:48.020 Tickets are now available for the military parade.
00:45:50.960 This will be extraordinary.
00:45:52.600 I don't think we've had anything like this since, I don't know, the Grand Army Review at the end of the Civil War.
00:45:58.440 I think this is bigger than anything we did at World War II here.
00:46:01.140 But you're going to want to be part of it.
00:46:03.200 It's going to be historic.
00:46:04.480 And, of course, we'll cover it wall-to-wall here in the War Room, Real America's Voice.
00:46:08.120 That's the 14th of June.
00:46:09.280 We just put it out.
00:46:10.140 If Grace and everybody can push that out, it'd be great.
00:46:13.140 Also, on July 6th, Rio, the Rio reset.
00:46:18.960 Didn't I tell you there's going to be some turbulence?
00:46:23.380 10-year, 20-year, 30-year soft auction.
00:46:27.340 Time now to get smart.
00:46:29.500 It ain't the price of gold.
00:46:30.820 It's how it gets there, the process.
00:46:36.000 Learn the process.
00:46:37.040 That's what we're here to teach you, not to give you a fish, to teach you how to fish.
00:46:42.720 Go to, and the Birch Gold guys have been great in putting this together.
00:46:45.540 End of the Dollar Empire, seventh free installment now.
00:46:48.340 You can also get the ultimate guide.
00:46:50.700 The Birch Gold and War Room, what we try to do is to basically flood the zone with information so that you can work it through in your own mind and get your own mental map because that's what you need.
00:47:02.400 You can't have somebody tell you this.
00:47:03.960 And, hey, you're one of those people who say, oh, if they mention math, my palms start to sweat.
00:47:07.780 You'll get through it.
00:47:09.200 We're big boys and girls.
00:47:10.300 And you have to really have just even a rudimentary understanding.
00:47:14.280 And that's what we've done.
00:47:14.820 Birchgold.com.
00:47:16.260 Promo War Room.
00:47:18.120 Next week, I'm going to be starting doing more stuff on State.
00:47:21.000 Sonny Borelli's around.
00:47:21.900 I'm trying to get him in the next couple days.
00:47:23.340 Things happen out in Arizona.
00:47:24.580 We had Rudy about that grand jury.
00:47:26.440 Things happen in Mojave County.
00:47:28.200 Sonny's now on the Board of Supervisors out there.
00:47:29.900 Next week, Texas.
00:47:32.120 More Texas.
00:47:33.680 Maybe you get to Texas even on Friday, Thursday and Friday, because their state assembly finishes next Tuesday.
00:47:42.720 And that has been a total and complete disaster, given what people did.
00:47:46.900 Patriot Mobile, 972 Patriot.
00:47:49.500 Go today and do the switch.
00:47:52.820 The service is fabulous.
00:47:54.380 These are people who support your values.
00:47:56.240 You're not giving money to people who hate you, and you're getting top quality service.
00:47:59.720 Go check it out, 972 Patriot or PatriotMobile.com.
00:48:03.460 Go see.
00:48:04.080 Talk to a U.S. citizen that's a rep and get all the information on their website.
00:48:09.480 Make sure you understand it and then do it.
00:48:11.820 Make this shift today.
00:48:13.040 And because these people have saved Texas, and we've got to get back down there and help these folks.
00:48:19.320 Next hour is going to be explosive.
00:48:21.740 That I can guarantee you.
00:48:23.400 Wanted to do this for a long time.
00:48:24.880 Going to have people here right in the studio as soon as we get sorted.
00:48:27.840 Mike Lindell.
00:48:28.680 Now, you are going on trial.
00:48:31.880 Let's be blunt.
00:48:32.920 You've bet the company on this to defend your country.
00:48:36.560 Tell me about it, and then tell me about what you've got to talk to us about as far as your sales, sir.
00:48:42.520 Right.
00:48:43.180 Well, everybody, you know, lawfare was started back in January of 2021.
00:48:47.460 It hadn't been done in our country since the late 1700s, and over 75 people and platforms were sued by these companies or their affiliates, the voting machine companies.
00:48:58.560 Only one company was sued, MyPillow.
00:49:02.240 Why would MyPillow get sued, everybody?
00:49:04.940 They went after me, everything, so their CEO would stop talking about securing our elections.
00:49:10.480 And it's all come down to this, everybody.
00:49:13.240 June 2nd, I'm flying to Colorado.
00:49:16.700 Tomorrow, I'm going there.
00:49:18.280 This goes before a jury trial.
00:49:20.100 MyPillow, my employees, my employee-owned company, they've had to suffer for four and a half years, but we made it this far.
00:49:28.860 Everybody, every single company, I mean, every single person or platform up to now has settled with them because their insurance companies say, oh, we're going to settle.
00:49:40.780 We're not going to put all this money to fight.
00:49:43.140 Or they're afraid to be put out of business like they're trying to do to MyPillow.
00:49:48.500 And I said, no.
00:49:49.840 I said, we've come this far.
00:49:51.600 I think my lawyers brought it up to me once.
00:49:53.440 You know, we should sell.
00:49:54.300 I said, I will never sell.
00:49:55.480 We have to save our country.
00:49:56.780 I told our president, I said, sir, we cannot let these next four great years be in vain.
00:50:03.180 We've worked too hard.
00:50:04.240 All of you at the War Room Posse, you guys supporting MyPillow, all of us have worked too hard, thousands of people, hundreds of thousands of people, to secure our elections.
00:50:13.780 It's all coming down to this.
00:50:15.760 June 2nd, just a short, what, 10 days away or whatever.
00:50:19.440 And here's what I need from all of you to support this.
00:50:22.160 We need, now more than ever, we're bringing the Giza Dream Sheets back up for the $49.98.
00:50:28.600 You all respond.
00:50:29.580 It's our best special ever.
00:50:31.100 I'm doing this because we need to raise money for this coming week.
00:50:34.500 I need the best defense, the best ever.
00:50:37.380 We have to win this.
00:50:38.880 There it is, everybody.
00:50:39.940 Any size, any color.
00:50:41.560 Just like we had a couple weeks ago, $49.98.
00:50:45.000 Get as many as you want.
00:50:46.760 Promo code WARROOM.
00:50:47.980 This is a War Room exclusive.
00:50:50.040 You guys have had MyPillows back.
00:50:51.960 We have yours.
00:50:52.980 And if you order today, I've got, you see all these pillows here.
00:50:57.060 The MyPillow 2.0, we're going to gift you one for every order.
00:51:01.300 You're going to get one absolutely free.
00:51:03.420 There it is with any purchase.
00:51:04.880 The multi-use MyPillow 2.0, the USA Revival.
00:51:09.080 I'll tell you what, these will be collectors.
00:51:10.920 After we win this case, you say, I was part of that support.
00:51:14.760 Promo code WARROOM.
00:51:16.140 Go to MyPillow.com, everybody.
00:51:19.080 Scroll down.
00:51:20.180 You can also find out all about this case there, too.
00:51:23.320 You can check that out.
00:51:25.440 Scroll down until you see Steve.
00:51:27.460 Click on Steve there.
00:51:29.040 And there will be all the War Room exclusives.
00:51:31.560 If you buy $100 or more today, I'm going to match it with $100 in digital gifts.
00:51:37.180 We're going all out.
00:51:38.420 We need MyPillow, my employees.
00:51:41.300 We need your support now, War Room.
00:51:42.980 I know you've had our back.
00:51:44.460 Get your free MyPillow to remember these dates.
00:51:47.720 And we are going to win with your help.
00:51:50.180 Call 800-873-1062.
00:51:53.320 My operators are downstairs.
00:51:55.180 I'm going to be leaving in a few hours.
00:51:56.800 I'm going to go down and take some of your calls.
00:51:59.440 I love talking to people.
00:52:00.900 You guys have been so supportive.
00:52:02.860 Steve, it's been an outpouring of support.
00:52:05.120 And that, for me, I feel like re-energized now that the jury trial is finally here.
00:52:10.800 By the way, everybody, it's a jury trial.
00:52:13.060 It's not the judge who, by the way, this is the case, everybody, where in my deposition,
00:52:17.960 I got very upset with the attorney because he said our pillows are lumpy.
00:52:22.100 And he attacked my employees.
00:52:24.660 Remember that one, Steve?
00:52:25.900 The old lumpy pillow guy.
00:52:27.400 Do I ever.
00:52:28.080 I played it until the sprockets came off.
00:52:30.480 The most powerful promo code, War Room.
00:52:33.220 The most powerful company, MyPillow.
00:52:36.440 MyPillow.com, promo code War Room.
00:52:38.320 Mike, go with God.
00:52:39.460 We'll see you tomorrow morning.
00:52:40.280 Stick around.
00:52:43.800 You're about to be shocked and infuriated.
00:52:46.340 And we've got three of the best people on earth to present this to you.
00:52:50.880 And we've got an action plan of what needs to be done.
00:52:54.180 A lot going on over in the hill, everywhere.
00:52:57.860 Stick around.
00:52:58.680 The next hour of War Room is about to commence.
00:53:02.280 Health isn't just a personal issue.
00:53:16.560 It's a family issue.
00:53:17.500 A community issue.
00:53:19.060 We're living in unpredictable times.
00:53:20.980 Supply chains can break down.
00:53:22.280 Hospitals can get overwhelmed.
00:53:23.680 And let's not even start on the natural disasters.
00:53:26.920 These aren't hypotheticals.
00:53:28.100 They're happening.
00:53:28.740 You see it here in the War Room, and we all know it.
00:53:30.660 The question is simply, are you ready?
00:53:34.520 That's where Jace comes in.
00:53:37.200 This isn't just a kit.
00:53:38.540 This is a Jace case.
00:53:40.560 It's a lifeline.
00:53:42.220 It's a personal supply of prescribed emergency medications that puts the power back in your hands.
00:53:48.940 Whether it's an unexpected illness or a global disruption of supply chains, you can act fast and protect yourself and your loved ones.
00:53:56.960 This February, show them you care in a way that really matters.
00:54:00.660 Be prepared.
00:54:01.480 Get the Jace case today so you'll have the right meds on hand the moment you need them.
00:54:07.820 Visit JaceMedical.com and use the code Bannon, B-A-N-N-O-N, at checkout for a discount on your order.
00:54:14.400 That's JaceMedical.com, promo code Bannon.
00:54:17.040 Get the Jace case and do it today.
00:54:20.420 But about six months ago, we decided to launch Sacred Human with really the simple mission being to provide American-made natural supplements without all the artificial nonsense.
00:54:32.820 So, unfortunately, as many of you know, a lot of these big corporate supplements will include things like preservatives, artificial ingredients, and other additives that really aren't benefiting your health.
00:54:43.800 So, that's why we created Sacred Human, really trying to fill this gap of quality supplements, and, of course, the beef liver being our flagship product.
00:54:51.900 For those who don't know, beef liver is loaded with highly bioavailable ingredients such as vitamin A, B12, zinc, CoQ10, etc.
00:55:02.200 And because it is 100% grass-fed and natural, your body is able to absorb these nutrients far better than taking any other synthetic multivitamin or any other synthetic vitamin in general.
00:55:14.120 So, we have some other amazing products, but if you'd like to check us out, you can go to sacredhumanhealth.com, and cheers to your health.