Bannon's War Room - May 23, 2025


Episode 4507： Who Really Is Pope Leo The XIV; Our Power Grid Is Compromised

Topics
full spectrum energy dominance incentives and regulation
Hosted by
Steve Bannon
Mentioned
Donald Trump Natalie Dominguez Dave Walsh Ben Harnwell Pope Leo Steve Hillary Clinton Natalie G. Winters Ron Johnson Joe Biden Obscene Jace Scott Besson Switch Aircot Frank Gaffney Georgia Maloney Stephen K. Mann Bob Lighthizer Jameson Graham and 22 more
Episode 4506： Harvard Traitors Exposed; WHO Globalists Continue Pandemic Craziness Episode 4510： WarRoom Special： Live From West Point

Episode Stats


Length

55 minutes

Words per minute

167.77

Word count

9,274

Sentence count

569

Harmful content

Misogyny

4

sentences flagged

Toxicity

1

sentences flagged

Hate speech

12

sentences flagged


Summary

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

Stephen K. Bannon joins host Alex Blumberg in the War Room to discuss the latest headlines coming out of Washington, D.C. and around the world, including the latest in the Trump administration's assault on Harvard University's ability to enroll international students, the White House's decision to pull the school's exchange visitor program, and more.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 To put together one's own birthday with the martial might of the country gets us very, very close to what we fought a revolution not to have, which is an autocratic, monarchical system in which we mistake the loyalty to a person and we confuse loyalty to a person and loyalty to country.
00:00:27.240 His grip on the Republican Party remains vice-like.
00:00:32.060 More news from the Trump administration yesterday.
00:00:34.860 It has now revoked Harvard University's ability to enroll international students, the latest escalation in its battle against that Ivy League school.
00:00:43.920 The Department of Justice announced in a letter yesterday that it is pulling the school's exchange visitor program certification, saying Harvard's created an unsafe campus environment that is, quote, hostile to Jewish students, promotes pro-Hamas sympathies, and employs racist diversity, equity, and inclusion policies.
00:01:04.800 The DOJ also accused the university of coordinating with the Chinese Communist Party.
00:01:09.280 Harvard called the action unlawful and says it's working to provide guidance and support to students and the community.
00:01:17.220 The university has nearly 7,000 international students, which make up about 27% of the entire student body.
00:01:23.240 Meanwhile, just a few moments ago, the Hong Kong University of Science and Technology, a big elite school there, shared an open invitation to international undergraduate and postgraduate students currently enrolled at Harvard, inviting them to continue their academic career at their school over in Hong Kong.
00:01:44.180 The university says it will prioritize expedited admissions, credit transfers, and tailored support, including visa assistance and housing, to ensure a smooth transition.
00:01:57.120 I mean, look, I think one of the ways to assess those odds is to look at what's happening where the real power is in the Republican Party, and that is the larger right-wing media.
00:02:05.980 I mean, they have narrative dominance.
00:02:08.420 That is where they build and organize power.
00:02:10.900 That is how they maintain it.
00:02:12.120 That is the real whip when it comes to accounting votes.
00:02:14.500 And if you look at how the right-wing media is handling this, they're enthusiastic about the bill.
00:02:19.140 There isn't really any discussion or lamenting about the effects of Medicaid.
00:02:23.360 Yeah, they accept the fact that it's going to add some money to the deficit, but they're largely bought in on this idea that somehow this legislation is going to lead to this bounty of riches at some point that will easily offset any of the debts and costs and deficits.
00:02:39.320 And I think that's the real tell.
00:02:40.980 The only one out there really driving any warning signs that I think has any legs is Bannon, who's really reminding the rest of MAGA and Trump's world that they really need to be careful and tread lightly when it comes to Medicaid, given how many of Trump's supporters are actually on it.
00:02:56.640 So when this comes into pass, this could actually hurt them politically.
00:02:59.600 So what do I honestly think the odds are right now?
00:03:02.020 They're in favor of the bill passing in as close to form as possible.
00:03:05.680 And I think the fact that you have to point to Rand Paul as the principal person opposing this, who's been opposed to a bunch of other things and it hasn't really been reflective of where the rest of the party is, is a really big tell.
00:03:18.180 They might get some sandpaper on the edges, but at the end of the day, they've demonstrated that Trump is, you know, that they capitulate to Trump and give him what he wants.
00:03:26.380 I don't see why this would be any different.
00:03:27.760 They've already abdicated their role and responsibility as a separate branch of government.
00:03:30.940 This is the primal scream of a dying regime.
00:03:38.740 Pray for our enemies, because we're going medieval on these people.
00:03:43.940 You're just not going to get a free shot at all these networks lying about the people.
00:03:48.200 The people have had a belly full of it.
00:03:50.120 I know you don't like hearing that.
00:03:51.540 I know you try to do everything in the world to stop that, but you're not going to stop it.
00:03:54.240 It's going to happen.
00:03:55.500 And where do people like that go to share the big line?
00:03:58.920 MAGA Media.
00:03:59.820 I wish in my soul, I wish that any of these people had a conscience.
00:04:05.740 Ask yourself, what is my task and what is my purpose?
00:04:09.440 If that answer is to save my country, this country will be saved.
00:04:15.840 War Room.
00:04:16.660 Here's your host, Stephen K. Bannon.
00:04:19.060 Welcome.
00:04:26.620 It is Friday, 23 May, in the year of our Lord, 2025, an explosive day already from the President of the United States.
00:04:34.900 Overnight, he shut down all foreign students from Harvard and said directly, his head of DHS said directly, their involvement with the Chinese Communist Party is very, very concerning.
00:04:49.320 Just an absolute blockbuster piece of news.
00:04:51.380 Also this morning, the President of the United States is getting very frustrated that we have two carrier battle groups in the Red Sea keeping the Suez Canal open.
00:05:00.460 And literally no progress coming out of the G7 on getting a deal with the EU, particularly since we've already closed the deal with the United Kingdom on trade.
00:05:11.640 Trump put them on blast and said, yo, June 1st, we don't have a deal, tariffs of 50 percent.
00:05:18.660 Also, Apple, I think he met with Tim Apple and came out and said, hey, this whole move from China to India is not good.
00:05:28.600 You've got to make these funds here in the United States.
00:05:30.360 We're going to put a big tariff on you.
00:05:32.460 President of the United States has been on quite a roll.
00:05:34.340 Also right there, the Media Matters president, Media Matters now being investigated by the FTC about trying to take advertisers off of, I think, a Twitter, Elon Musk.
00:05:47.540 That guy's a pretty smart guy.
00:05:49.640 He understands that we are trying to have a balance here between the big, beautiful bill, debt, all of it.
00:05:55.820 The one thing I think people have recognized as we've been hammering here in the world the last couple of days is that you've got to present the entire package.
00:06:03.340 You have to present the tariff revenue, you know, the external revenue service.
00:06:07.320 You have to get in back of this three to three and a half percent growth rate.
00:06:10.560 If that's what you believe internally, which is quite high, is a lot higher than the 2.6 percent used by the House in their calculations and far higher than CBO is scoring this.
00:06:21.180 And it's one of the reasons the deficits look so terrible in the first couple of years is that the CBO is scoring this as like a 1.7, 1.8 growth rate.
00:06:31.260 Those numbers, although they seem small, are actually huge when you work through the system.
00:06:35.640 I think the White House is now coming out.
00:06:37.780 I think you saw Scott Besson this morning doing some TV.
00:06:40.740 We'll have some clips about this a little later in the show.
00:06:43.780 We're also going to go to the White House, some breaking news with Natalie Winters.
00:06:48.200 My co-host, let me bring in Ben Harnwell in Rome.
00:06:51.340 Ben, one of the reasons I want you to co-host this morning, kind of big news, is President Trump seems to be pretty serious about trying to get the Vatican to be an intermediary here in this negotiation between the direct negotiations between Ukraine and Russia.
00:07:10.560 Is that a thing, sir?
00:07:14.340 Morning, Steve.
00:07:15.200 Well, yes, it is a thing.
00:07:17.000 President Trump has spoken in favour of it.
00:07:20.780 Marco Rubio spoke in favour of it.
00:07:24.760 But breaking news, within the last hour and a half or so, Sergei Lavrov, the Russian foreign minister, has actually said no to this.
00:07:36.520 He's ruled it out.
00:07:37.620 He's vetoed it.
00:07:38.520 And I have two takeaways on this story, right, Steve?
00:07:43.160 Two takeaways.
00:07:44.620 The first one is that, and I think you might have some comments on my second point here, but the first point is that the administration believed on a prudential level that it was wise to indicate Pope Leo as a valid interlocutor,
00:08:04.280 intermediator, intermediator in this war at this stage.
00:08:08.420 And I flag that up because, as followers of the war room will know, we're very hesitant right now about exactly what sort of person Pope Leo is going to be.
00:08:20.840 So for the administration to have given him this position of moral authority is something I'm just highlighting.
00:08:29.780 The second thing, Steve, about Pope Leo, and this is sort of probably even more important, is that we don't know what his view is with regards to China.
00:08:39.780 And him, sort of, Pope Leo himself publicly speaking about willing to be an intermediator in this war with the whole situation of China in the background,
00:08:50.260 I think is another illustration of something that we've been mentioning on this show for the last few days, Steve, is that, you know, we need to know where Pope Leo stands on China.
00:09:02.080 Hence, it's something that we've suggested a couple of times about a potential, a suggested joint statement condemning the force, the practice of forced organ harvesting on behalf of the president.
00:09:14.740 Just to find out where Pope Leo is.
00:09:17.920 So there are these two points here with the Vatican as an intermediator.
00:09:22.860 Let me break this down for a second and if Cameron and Denver can get these up.
00:09:26.740 So the Wall Street Journal had a very smart piece this morning about the fortress that China has been building in the last couple of years.
00:09:35.160 And I want to go back to May of 2019.
00:09:37.320 President Trump worked two years with Bob Lighthizer and Jameson Graham, Peter Navarro and others to come up with a comprehensive deal that would really couple the Chinese Communist Party and their economy into the world economy.
00:09:49.440 And take away all the abuses they've had, all the abuses of Lao Bajing, of their people, all the abuses they've had of state-owned industries, all of that.
00:09:59.260 They tore, after two years of negotiation and really having preparatory documents to be signed in May of 2019, after they had the One Belt, One Road meeting with Putin, I think it was in Shanghai he came to, they tore it up and really spit in President Trump's face.
00:10:15.240 And as everybody knows, a couple of months later, at the World Military Games in Wuhan, that was the first beginning of people noticing this thing that would later be called COVID-19.
00:10:24.640 It's called COVID-19 for a reason.
00:10:26.600 It ain't called COVID-20 for a reason.
00:10:28.720 It started to show up in 2019.
00:10:31.480 At that time, and Frank Gaffney and the Committee on President Danger, we've gone over this over and over again, they declared a people's war against the United States.
00:10:39.000 This is when she actually put them on war footing. 0.98
00:10:41.840 Now, you take that Wall Street Journal article, they have been preparing to build a digital fortress and really a fortress around their own technology and preparing for a trade war, also preparing for a cyber war.
00:10:55.200 This is one of the reasons we're going to have Natalie on today. 0.65
00:10:58.120 A lot of rumors going around, a lot of speculation, a lot of discussion about the grid.
00:11:02.420 So we've got Dave Walsh and Natalie about our grid, EMP, potential threats to all that.
00:11:07.600 President Trump's frustration, let's go to the G7.
00:11:10.600 Besant, the Secretary of Treasury, goes from Riyadh, goes from the meeting in the Middle East where all these deals are being announced and look like a stabilizing influence and using economy and growth and upside to calm the issues of jihad and all these issues that have kind of rolled the Middle East.
00:11:30.160 He then goes to the G7 meeting.
00:11:32.040 Now, the G7 meeting, there is positive movement on getting the G7, right, those nations, which are principally European, right?
00:11:42.680 The G20 has expanded out.
00:11:44.280 That includes Brazil and some other nations.
00:11:46.040 The G7 is really the United States and North America, United States, Canada, and Western Europe.
00:11:51.780 In the G7, they did make progress.
00:11:55.320 I think President Trump is very appreciative.
00:11:56.900 They did make progress like we're making in East Asia with Japan and South Korea and Taiwan of putting together this new trading or commercial relationships that basically puts China on notice that no longer are you going to be able to basically beggar thy neighbor, including the United States.
00:12:14.680 However, I think the frustration, and this is just my read on it, I think the frustration is that we have two carrier battle groups in the Red Sea, basically taking on the Houthis, but keeping the sea lanes in the Red Sea open for the Suez Canal, of which 97% of trade from the Gulf, from the Persian Gulf, or I guess now the Arabian Gulf, the oil that comes from there,
00:12:38.960 and everything that comes from Asia, including China, India, all of it, all come through the Suez Canal.
00:12:45.660 We have two carrier battle groups.
00:12:47.380 I don't know.
00:12:47.880 Somebody said it was like a billion dollars a week or something, some enormous operating expense to have this there.
00:12:53.380 Plus, we've lost a couple of planes.
00:12:56.480 The EU is not making the progress I believe the president wants to see.
00:13:00.920 And he's saying, hey, I've already got a deal with the UK.
00:13:04.060 That took like a month.
00:13:06.020 Why are we having such a problem?
00:13:07.840 And as you know, Ben, some of the people in the EU, now this was a finance minister's meeting, not a head of state, but Georgia Maloney and others, you know, and these G7 nations, you know, propped themselves up as a bridge.
00:13:22.140 I just don't think he thinks it's going quickly enough.
00:13:24.640 That's why you see today, this was a shotgun blast.
00:13:27.980 He basically told Apple, hey, I want to see manufacturing back here in the United States of America.
00:13:32.500 That's my point of these tariffs.
00:13:34.280 It's not just blocking China.
00:13:35.780 Going to India doesn't really work for me.
00:13:37.840 Because we're still in the process of getting a deal with India.
00:13:40.720 I want manufacturing for the new golden age back here in the United States of America.
00:13:45.160 In addition, with the EU, and people should understand, this is a storm warning for everybody else, the Indies of the world, etc.
00:13:52.540 He basically said, if I don't have a deal by June 1st, I'm putting 50% tariffs off.
00:13:56.500 Now, that has rocked the markets.
00:13:58.680 I would also say to the president and others, hey, right now we're going to work through the system of this bill that, at least on the surface of the way it's been scored, looks like the deficits are up in the short term.
00:14:10.440 I don't think it's that bad, but I don't think we're making the case.
00:14:13.120 Ron John, Senator Ron Johnson in the Senate has already said, hey, to him, this thing's dead on arrival.
00:14:18.540 He's looking for a lot more cuts.
00:14:20.280 We're going to get a clip, I think, of Scott Besson, I think actually saying something positive about Johnson, about what's going to happen in the Senate and the House.
00:14:30.200 Okay, short commercial break, Ben Harnwell's co-anchoring with me this morning.
00:14:34.640 We've got a lot going on.
00:14:36.140 We're absolutely packed with the kickoff Memorial Day weekend.
00:14:39.820 Of course, we're going to have wall-to-wall coverage of President Trump at the United States Military Academy at West Point tomorrow and then at Arlington National Cemetery to commemorate the honored dead of the United States military.
00:14:51.860 Short break, back in the warm in just a moment.
00:14:53.800 I got American, baby, in America.
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00:15:18.360 As BRICS nations push forward with their plans, global demand for U.S. dollars will decrease, bringing down the value of the dollar in your savings.
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00:16:13.620 And the Rio Reset.
00:16:16.160 Text Bannon, B-A-N-N-O-N, to 989898.
00:16:20.580 Do it today.
00:16:21.420 This is going to be a furtherance of a brain drain we are seeing here in the United States.
00:16:33.360 We've already seen these research grants be cut, you know, earlier in the administration.
00:16:37.620 And now, international students, if they can't practice their craft here, if they can't learn here and then potentially go on to careers here, other universities around the world, other countries will be happy to have them and we'll be poorer for it.
00:16:53.080 Yeah.
00:16:53.460 Just in order, Jonathan, first of all, Harvard says this is unlawful.
00:16:58.180 It seems to me to be yet another, you know, bill of attainder, which is prohibited by the Constitution.
00:17:05.040 Okay, I've already heard enough.
00:17:07.360 That clip is a lot longer.
00:17:09.220 I think it's 6,000 foreign students.
00:17:11.400 Harvard itself, and if Grace, I think, can get this to Cameron, I want to put it up.
00:17:17.160 Harvard just tweeted out on the official site, Harvard without international students, not Harvard.
00:17:23.160 Well, it's not the Harvard of now, which is a disaster.
00:17:26.820 And I say this as a graduate.
00:17:30.100 The Harvard, I don't think in the 18th and 19th century, they were packed with foreign students when Harvard was the top of its game.
00:17:38.820 You know, being one of the forerunner, you know, helping us with the Revolution, the Civil War, all of it.
00:17:43.200 Sending patriots at the college and the university to fight our wars, defend America, and stand up for the Constitution.
00:17:52.260 What's today is a complete disaster.
00:17:54.700 All 6,000 of those billets ought to be immediately filled with, wait for it, American citizens. 0.99
00:18:01.120 Kids of American citizens that are American citizens.
00:18:05.180 Let's just load it up.
00:18:06.580 This is the outrage that I think people detest.
00:18:11.360 It's all federal money funding these things besides their endowment, which they hate spending.
00:18:17.520 They want to take your tax dollars.
00:18:18.860 That's why Trump's got them up against the rope.
00:18:21.240 Ben Harnwell, your thoughts on this Harvard situation and also my comments and observations about the G7, the EU, and President Trump putting out a basically trade shotgun blast this morning.
00:18:34.440 The Harvard, let me just read the quotes here from Secretary Noem's statement.
00:18:41.960 She said, this administration is holding Harvard accountable for fostering violence, anti-Semitism, and coordinating with the Chinese Communist Party on its campus.
00:18:53.720 Your point just now about that this will offer an opportunity for actual Americans to study at Harvard, I think can't be overstated enough.
00:19:02.180 This is not only is it a throw down directly in the face of the CCP, but it also has the added blessing of being 100%, 1000% America first, because this is prioritizing actual Americans and their opportunities to get ahead.
00:19:17.020 And, you know, I can't close without noticing that when President Trump does something like this, which you would think patriots across America would be applauding and welcoming, MSNBC instinctively takes the side of rich foreign students.
00:19:37.500 Straight away, that's their, you know, their bias against actual Americans couldn't be more stark.
00:19:43.080 But I think this, Ben, your point, hang on, your point, I think is perfect here, is that this shows, and look at all the things, oh, they're going to take jobs?
00:19:51.200 Let them go.
00:19:52.120 The Hong Kong, the university, and that's the Hong Kong university that we first went to, they explained the pandemic and how the CCP was rolling it out.
00:20:03.540 That's not independent anymore since the CCP has taken over Hong Kong.
00:20:06.980 If these foreign students want to go anywhere else, and the Chinese students want to go anywhere else, go. 1.00
00:20:12.300 There's a big world out there.
00:20:13.900 A lot of great universities.
00:20:15.160 Go.
00:20:15.360 If you want to take jobs in foreign countries, take jobs in foreign countries. 0.99
00:20:18.800 When they say this is a brain drain, they denigrate American kids and American citizens.
00:20:23.740 Because this, to me, and I've always said, even the ones that come here, clip an exit visa on when they graduate, get the hell out, go back to your country, and make your country great. 1.00
00:20:33.720 That's what nationalism is.
00:20:34.880 Go back and make your country great.
00:20:36.920 It's not that we have any problem with foreigners.
00:20:38.480 Because what we have is foreigners taking billets, limited billets, in Silicon Valley at these great jobs, and these universities are teaching artificial intelligence and computer science and electrical engineering at the Ivy Leagues and the public Ivies. 0.97
00:20:53.420 Where's the letter?
00:20:54.120 We should send the letter today to the University of Michigan and the University of Wisconsin.
00:20:58.040 You've got to bring to heel these public Ivies. 1.00
00:21:02.280 MSNBC immediately goes to the globalist argument.
00:21:04.960 We want to invite the world and do all this for the world and screw American students. 0.73
00:21:10.700 This is why American students aren't in Silicon Valley.
00:21:13.220 Also, the reason I love this more than anything, I don't know how you send this and the next logical conclusion is not H-1B visas.
00:21:23.560 Oh, yeah.
00:21:24.980 The logical extension of this is H-1B visas.
00:21:29.000 Ben Harnwell.
00:21:29.660 Let's talk about Ben.
00:21:30.480 Let's talk about national globalism.
00:21:32.920 President Trump is furious this morning.
00:21:35.740 That true social, he ain't happy with what happened at the G7.
00:21:39.500 And I think the growing frustration is that he's got a trillion-dollar defense bill, and part of it is still because we've got troops and everything deployed on the Eurasian landmass.
00:21:51.100 Now, yesterday, there's a discussion inside the administration about pulling out a lot of the combat troops of Korea, but you've still got carrier battle groups protecting the Suez Canal for the trade of Europe.
00:22:03.920 Is President Trump right to be frustrated with the EU, given that the United Kingdom did a deal with us in four weeks?
00:22:10.100 You know, of course he's right.
00:22:14.700 Of course he's right.
00:22:15.760 The point about the European Union for the last 70 years is that it's been operating a grift at American taxpayers' expense.
00:22:23.920 And the European nations, thanks to the consistent pressure that Donald Trump has been applying now on these EU nations, is confronting them with a choice.
00:22:35.500 You know, and America has a choice.
00:22:36.740 We've been watching this just yesterday over the big, beautiful bill.
00:22:41.040 You know, if you want to spend money, you have to tax, or you have to borrow, or you have to print.
00:22:46.000 Those are the three options.
00:22:48.060 And for various financial and economic reasons, the ability to print is becoming ever more sort of difficult, even for the United States with its historic dollar supremacy.
00:22:59.820 The Europeans don't have that. 0.93
00:23:01.060 So they're basically either talking about borrowing, which would go against the Maastricht criteria of the single currency, the euro, or it would have to print new dollars.
00:23:15.720 And, of course, that goes against, for example, Germany, the most important economy in the eurozone, its own constitutional requirements that it just amended just before the last election in order to finance the increased defence spending.
00:23:28.920 Now, so Donald Trump is putting this pressure on the European nations.
00:23:33.280 And you have the historic centre-right Christian democratic parties that are Atlanticist, which means that they are open to the dictates of the American military-industrial complex.
00:23:45.280 The problem is, is that you have these groups on the right of them who are actually nationalist iterations, and they want to represent their peoples, Steve.
00:23:54.180 So the very consequence of Donald Trump putting this pressure on the European nations is that they either do what they're trying to do here in Europe, which is pacify, or they don't pacify.
00:24:06.760 They don't have the political courage to go against Donald Trump.
00:24:10.640 And what they're going to do is create a massive sort of 30%, 40% of the electorate, which will go to the nationalist iterations.
00:24:19.680 So Donald Trump, yes, you're right, he is absolutely right to be frustrated with the European Union, but that this pressure that he's giving will have fruit on the European continent, far beyond what his specific first-degree intentions are.
00:24:37.200 I want to go to something you just said.
00:24:40.020 I don't want to bury the lead here.
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00:24:52.740 You've got the bond market bouncing around.
00:24:54.380 President Trump is both in a trade war, trying to redo the commercial relationships of the world.
00:24:58.040 Also, he is making a huge bet, let's call it a bet, on a supply-side tax cut that generates real growth, over 3% growth.
00:25:06.620 But it's a bet.
00:25:07.820 That's one of the reasons I want the White House and others to come out and put more information, more about the plan, particularly the growth rates, the tariffs, cash coming in, to show, to make an argument that the deficits that are shown by CBO and others are kind of artificially high, potentially, because they're not including everything.
00:25:26.760 But go back, this is about currency, and that's why you've got to learn about currency.
00:25:29.480 This is why we did the end of the dollar empire for 40 years with birchgold, because before you can understand gold, you've got to understand fiat currency.
00:25:35.680 Talk to people, we've got a minute or two.
00:25:39.100 Did Britain have the ability even to get their sovereignty back because they kept the pound and they didn't go into a common currency?
00:25:46.820 Has going into a common currency and giving up their own currencies, has that really limited the European nations to kind of break free and stand on their own?
00:25:55.580 And this is why they're negotiating as a bloc, and you can tell Italy and others would probably like to break out and cut their own side deals, sir?
00:26:02.200 I'm not sure whether Italy would like to cut out.
00:26:06.240 I mean, that's really the problem with the heart of Giorgio Maloney and her philosophy and her administration.
00:26:12.760 Open brackets in this big story of the last couple of days over the World Health Organization and this pandemic treaty.
00:26:22.100 Italy abstained.
00:26:23.240 It was, I think, one of the 11 states that abstained.
00:26:25.720 Perhaps we'll dig into that a little later on in the show, because that's very important, that pandemic treaty.
00:26:31.260 Look, it was absolutely imperative for the UK, if it ever had an idea of itself on the world stage, as a proper sovereign nation, that it wouldn't enter the Eurozone, take the Euro, and that gave it the independence to pull out.
00:26:49.580 Your question is absolutely perfect, because to a certain degree, even if there were an appetite in like a plus 50 percent, and there isn't here in Italy, but if there were a Brexit movement in Italy that had the same sort of strength, they would find themselves far more handicapped, practically, to pull out of the union, having already given up their currency.
00:27:12.780 That's how, because, you know, sovereign nations, one of the attributes of sovereignty is the ability to have your own money, to print your own money, even though that power is massively abused.
00:27:23.400 So the European peoples, like the Italian people, that's, I think, Italy's seen like 5 percent growth over the last 30 years, compared to 30 percent in Germany.
00:27:35.360 Italy has been betrayed for the last two generations by its class of political leadership.
00:27:41.420 And joining the single currency, as you correctly put your finger on, was a very cunning manoeuvre on behalf of the European elites to stop a future independent movement, pulling back that power in election time.
00:27:58.120 Short break. Ben's going to stay with me in Rome, but we're going to go to the White House, Natalie Winter's breaking story that everyone, kicking off Memorial Day weekend, talking about the black hand of the Chinese Communist Party.
00:28:10.800 Is it in back of an attack on the grid, the electoral grid of the United States of America?
00:28:16.040 Short break. Back in a moment.
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00:29:53.060 Here's your host, Stephen K. Bannon.
00:30:01.440 Okay.
00:30:01.940 Welcome back.
00:30:02.620 The bond market's bouncing around, stock market's bouncing around.
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00:30:34.400 A lot of controversy about the big, beautiful bill.
00:30:36.880 Did it cut enough?
00:30:37.880 Do we show enough economic growth?
00:30:39.880 It's going to the Senate.
00:30:40.800 That semaphore is reporting, and they're pretty dialed in, that the core of the bill is going to stay the same.
00:30:45.860 They may change it on the margins.
00:30:48.780 However, people like Senator Johnson and others are saying, no, no, no, no, no, no, no.
00:30:53.760 This doesn't cut enough, and we're really going to get down to this and really make some cuts.
00:30:59.760 Ben Harnwell's with me in Rome, and I want to bring in.
00:31:03.160 We've got Natalie.
00:31:03.800 We're trying to get her up at the White House.
00:31:07.720 I've got Dave Walsh.
00:31:08.840 Dave, one of the reasons the president's driving down cost and inflation is being driven down is full-spectrum energy dominance.
00:31:18.520 They just had the G7, and Trump's not happy with the progress being made for a deal.
00:31:24.200 It took, as they said, guys, June 1st are 50%.
00:31:27.860 One of the reasons you have this problem is Germany, and now you're getting reports out of there that Germany is now panicked because not only have they done this net carbon zero, but they also got rid of all their nuclear power.
00:31:39.160 I guess France did a lot of it, too.
00:31:41.160 The president's been signing executive orders.
00:31:43.160 He's throwing down hard on nuclear power across energy across the board, and then I want to get into, and Natalie's got some information about maybe a potential problem with the American energy grid.
00:31:54.200 Let's start with nuclear power at these executive orders.
00:31:57.180 President Trump's looking at Europe and saying, no way we're going to do what the Europeans did.
00:32:01.400 We're going to do the exact opposite.
00:32:02.880 Your thoughts, sir?
00:32:03.620 Well, Europe, Spain, who had the big outage two weeks ago, are hard fast to shut down their seven remaining nuclear reactors, which is insanity.
00:32:14.020 You know, over here, even now on a bipartisan basis, nuclear is fully supported by all parties.
00:32:20.120 Nuclear power, which had been damned and abandoned by the left and Democrats 60 years, now back in vogue.
00:32:27.380 It is an essentially important ingredient, provides baseload, continuous duty power.
00:32:33.780 What he's looking at are incentives that would provide some loan guarantees to spur the building of a lot more nuclear capacity, de-risk it somewhat.
00:32:43.120 We just had a bad experience with Plant Vogel in Georgia, seven years late, eight years late, $22 billion over budget.
00:32:49.380 So the support for loan guarantees he's seeking, but also, more importantly, deregulating the construction of existing technology, nuclear plants, BWRs, PWRs, GE technology, Westinghouse technology.
00:33:02.820 It's been around for 65 years.
00:33:05.580 It doesn't need the same degree of NRC oversight as it's had over a 65-year period.
00:33:11.640 It's proven technology.
00:33:13.320 He appears to be all about streamlining that, which is essentially important.
00:33:17.080 And allowing for U.S. fuel reprocessing.
00:33:20.920 This is the ability to reprocess, not turn it into nuclear weapons, but reprocess spent nuclear fuel to reuse once again in a reactor, which would be essential to driving the cost of nuclear power down.
00:33:34.340 It is expensive.
00:33:36.060 As built at Plant Vogel was $32 billion for a 2,200-megawatt plant that just got opened up.
00:33:42.500 So the actions he's taking to streamline the regulatory space around it, essentially important, and to localize yellow cake mining in Utah, in Nevada, in Idaho.
00:33:54.340 We had been 91% self-sufficient on uranium mining in this country as recently as 1992.
00:34:00.260 The Clinton era and the Uranium One deal basically sent all that to Russia.
00:34:06.600 Hold on, hold on for our audience.
00:34:07.740 Since I spent, since I, one of the reasons I was brought into, the principal reason I was brought into the campaign in 16 was about Clinton cash and about uranium.
00:34:15.500 Take a second.
00:34:16.200 Give me a minute.
00:34:17.340 So the audience members, particularly our newer audience members who may not be up to speed on this, what Hillary and Bill Clinton did about uranium in the United States vis-a-vis the great mortal enemy, Russia, sir.
00:34:29.880 Well, they hid behind a theory of displacement, and that is, well, if we can get the Russians to use their enriched uranium and uranium resources for nuclear power in this country by importing it from them, we can get them to use less of it making nuclear weapons.
00:34:47.320 That whole naive theory was then surrounded by personal interest in the uranium one deal that they had personal interest in, causing the U.S. nuclear fuel supply to be shifted entirely from a domestic one over time to a Russia, Uzbekistan, Kazakhstan, 58% of our nuclear fuel comes from those countries.
00:35:08.640 Even through this so-called war, that supply chain has been unabated to the U.S. and Western Europe, the yellow cake uranium coming from Russia and allied states.
00:35:20.500 That can easily, there is no shortage of it here in Idaho, New Mexico, Arizona, Nevada.
00:35:26.120 We need to restart.
00:35:27.280 And I think the EO will get at the appropriate boundary conditions off now to begin to restart mining uranium in this country, which we, once again, can be self-sufficient with completely.
00:35:41.120 But no, the Clinton aspect of that was very, very suspicious and drove, under false pretenses of denuclearizing Russia's military presence, a shifting of transition to buying their nuclear fuel.
00:35:54.580 One of the reasons I want to have you on today is because I don't think we're putting forward the best case of President Trump's overall economic plan in regards to the big, beautiful bill.
00:36:07.280 The big, beautiful bill, listen, the way it's being scored by the official people that scored, because of the constraints of reconciliation process, these deficits in the first couple of years are big, and nobody can doubt that.
00:36:20.600 My point is that you don't have to just stick with that.
00:36:23.720 You can actually put forward a true business case of exactly what you're doing, incorporate tariffs, incorporate the growth rate.
00:36:30.620 The growth rate of 3% or above of which they're pitching is the foundational element of that is full spectrum energy dominance.
00:36:40.440 Now, four or five months into this, you're our expert.
00:36:44.800 How would you grade President Trump of going after the entire, you know, waterfront on this, the full spectrum, to make sure he's driving down energy cars?
00:36:53.260 Because Trump gets something that it appears that other political leaders throughout the world don't get,
00:36:59.400 that the fundamental foundation of an industrial economy is plentiful, consistent, and cheap energy.
00:37:07.740 Dave Walsh.
00:37:08.380 Well, on the full spectrum energy dominance grading, A-plus on freeing up federal lands and for oil and gas production offshore, onshore, in the Arctic Refuge, everywhere, that's an A-plus.
00:37:23.580 And then reopening the LNG export permitting through the DOE to go ahead and more rapidly build LNG export facilities, that's all great.
00:37:32.120 The part that's been a little bit slow to emerge here is the electrification issue.
00:37:37.100 Electrification is 40% of the cost of U.S. energy all in.
00:37:41.180 And we need a profound return in the near term, not to nuclear, just nuclear still 10, 15 years out.
00:37:47.380 There is no supply chain left here for building nuclear power plants.
00:37:51.740 That's going to take a long time.
00:37:53.080 We have an immediate, urgent crisis of an energy shortage depicted by grid leadership in MISO, PJM, and WEC.
00:38:00.700 We need more combined cycle gas-fired plants built rapidly in this country.
00:38:05.660 That's the technology that's known.
00:38:07.820 That's the American fuel.
00:38:09.260 That's the drill baby drill. 1.00
00:38:11.060 Plus, use the gas domestically to provide low-cost, abundant American electrification with known existing clean technology.
00:38:20.400 Gas-fired combined cycle is that.
00:38:22.980 We need to move more strongly in that.
00:38:24.880 And the way forward, really, is to remove the incentives on all this trivial stuff that really doesn't matter and produces very little electrification.
00:38:33.140 Solar, wind, battery storage, carbon capture, which is in the way, all drive up the cost of electrification hugely.
00:38:40.180 We need to actually minimize the quantity of it, put us in net zero electricity growth.
00:38:44.860 That stuff is so deficient in supply.
00:38:46.780 But most importantly, has us rely entirely on China, who build 88% of the solar panels, battery storage, and inverters in the world.
00:38:56.620 So we're actually presently incenting Chinese supply.
00:39:00.440 If we need to get in front of the Chinese supply, but more importantly, get back to power generation aspects and technology that works, is proven, and is decidedly low-cost, and is presently available.
00:39:13.960 And that's combined cycle gas-fired power with U.S. natural gas at its core.
00:39:18.720 And that, you know, the best way forward is eliminate the incentivization of things opposite that, wind, solar, and battery storage.
00:39:26.600 Can he, at the federal level, what can he do so much of this is done at the, and maybe I got this wrong, but so much of this is done at the state level.
00:39:35.120 You got the issues in Florida you've mentioned, the issues in South Carolina, the issues in Texas, right?
00:39:40.160 I'm not talking about blue states.
00:39:42.180 I'm talking about the core backbone of the MAACA movement and President Trump's political power.
00:39:47.760 We're all upside down on this very issue.
00:39:50.960 At the federal level, is there much he can do about this?
00:39:54.520 Is this still, is this still, we just got to get down the trenches on the state level and get this sorted out?
00:40:01.280 Well, because you have now deregulated power generation markets in a lot of the country, PGM, MISO, in the Midwest, the Northeast.
00:40:09.220 Weck out in the far west, Aircot, all deregulated, where the generation companies are disaggregated from distribution.
00:40:16.900 You have investors following the incentives, and the incentives are as high as 52%, 53% when adding in the PTC, the ITC, and the depreciation benefit of accelerated depreciation and this stuff.
00:40:30.320 The incentives are too hard for independent investors who form the bulk of power generation buildout to resist.
00:40:37.080 So that's all they're building.
00:40:39.220 Even Aircot and Florida, the next five-year and 10-year plans respectively, are all 91% renewables, solar mainly now, and battery storage because of the incentives.
00:40:50.840 Then you move over, okay, regulated markets like the utility ones.
00:40:53.780 You've got people like Florida Fire and Light and Duke Energy in regulated markets actually starving consumers of electric power, sending out notices about, hey, we're going to give you a cheap rate to use power between midnight and five in the morning because they're running into massive shortages due to over-applying solar power that works only five hours a day in utility-scale farms.
00:41:15.280 So the incentives have to be removed from paying Duke Energy, paying NextEra, paying Iberdrola, Exxon.
00:41:22.920 These are the firms that enjoy the benefits of the incentives to build this stuff out.
00:41:28.380 There's no cost benefit to ratepayers.
00:41:30.700 Four to five times more costly to rely on this kind of equipment for electric power supply.
00:41:35.780 So you've got massive, massive, massive, large-cap utilities and investors benefiting from the incentives.
00:41:41.400 They need to be eliminated.
00:41:42.960 Obscene. 0.99
00:41:43.560 Obscene.
00:41:43.920 Obscene.
00:41:45.700 Isn't this big rush for nuclear power and now that you're seeing, even President Trump on what he's doing on power overall, you're not seeing the pushback before, which was hysteria, you know, they just, it's the end of the world, it's climate change.
00:41:59.340 Isn't it because the progressive Brolic arcs who have now flipped to kind of our side need unlimited virtual, they need power for artificial intelligence?
00:42:09.780 They're thirsty for it.
00:42:10.580 And that's why you're seeing Google come up with their own compact nuclear power plants, right, plug and play, and you don't see anybody melting down.
00:42:18.180 Isn't it, we've got about a minute here.
00:42:19.760 I'm going to hold you through the break.
00:42:20.680 Natalie's going to join us also.
00:42:21.640 Isn't the drive here is because the folks that run the country essentially know they need unlimited power now to drive artificial intelligence, and it's devil-catch the hindmost on this?
00:42:34.940 Yeah.
00:42:35.980 I mean, Fink and Morgan Stanley both out there acknowledged this a year ago.
00:42:41.540 You can't have AI in data centers without baseload, continuous duty, huge, huge quantities of power.
00:42:47.260 Nuclear is one of the options.
00:42:48.960 Absolutely.
00:42:50.040 Combined cycle gas is another one.
00:42:51.620 One of the options.
00:42:52.500 They're all over it.
00:42:53.460 But we've even had blue states, Michigan and California, Whitmer and Newsom respectively, running out of electricity, acknowledging, well, in the case of California, we've got to keep Diablo Canyon open and subsidize that.
00:43:06.660 Michigan keeping the Palisades plant open, now favoring nuclear after 70 years of adamantly resisting it.
00:43:12.780 So, you know, we have general bipartisan support now for nuclear power.
00:43:16.760 The trouble is the supply chain to begin making lots of these plants, building them, is way out there.
00:43:23.300 We've built 320 combined cycle plants in the country in the last 25 years.
00:43:28.420 That supply chain, due to a six-year timeout from 2000 to now, is half gone.
00:43:33.900 Half the contractors are gone, and now lead time is just to build those.
00:43:37.600 That easy technology is now six, seven years.
00:43:40.200 Nuclear is going to be quite a ways out.
00:43:42.140 Hang on for a second.
00:43:43.680 We're going to talk when we get Natalie in here.
00:43:45.140 We're talking energy as a driver of President Trump's growth plan next in the war room.
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00:45:16.320 Here's your host, Stephen K. Mann.
00:45:24.720 Welcome back.
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00:46:12.820 Over Memorial Day weekend, go talk to Natalie Dominguez and the team
00:46:15.880 and work it all out.
00:46:17.460 Okay, I'm going to go to the White House now.
00:46:20.540 Our own Natalie Winters joins us.
00:46:23.320 Natalie, it looks pretty quiet at the White House.
00:46:25.560 You're the hardest-working White House correspondent by far.
00:46:28.680 Are any other, is any other media, is any other White House correspondents there today?
00:46:33.060 Are they all gone to the beach a day early?
00:46:37.380 You know, I think they're maybe too busy stealth editing all their old articles and tweets
00:46:41.780 about Joe Biden's health, or they're too busy on the book tours.
00:46:45.200 I guess there's a lot of coverage for them to catch up on, particularly on that vertical.
00:46:50.580 This is probably the most quiet I've ever seen it, which is absolutely wild,
00:46:55.480 given the big, beautiful bill, of course, back-ending.
00:46:58.040 And what I want to come on to talk about, the idea of China's off-switch 0.94
00:47:02.680 for the United States of America, segues quite nicely with what Dave Walsh was talking about.
00:47:08.140 But I think important just to set the stage, you know, people might say that talking about
00:47:12.240 these EMP attacks, the sort of technological attacks on America's critical infrastructure,
00:47:16.640 are hyperbolic or are fear-mongering. But I think those are the exact same attacks that
00:47:21.500 we heard in the early 2000s, right, about China's ascent to the World Trade Organization
00:47:26.300 and, more broadly, their integration into the global economy.
00:47:29.940 And I'd also add, just as a humble, I would say, warning to all of our media betters,
00:47:35.160 the people who got Joe Biden's mental health so wrong, I'm so glad that they're going on
00:47:38.900 their mea culpa book tours right now. But we've been vindicated not just on Joe Biden,
00:47:43.280 but of course on the threat that the PRC poses. And if we allow the mainstream media narrative
00:47:48.140 to dominate, particularly on the threat that the EMP poses, their apology tour that'll come,
00:47:53.740 you know, 10 years from now is not going to be in the form of book deals. It's going to be in the
00:47:57.680 form of the United States becoming a failed state that has been replaced from a geopolitically
00:48:02.260 hegemony perspective by the PRC. So I want to get into this story, this article published on the
00:48:08.580 Hill, of course, coming on the heels of President Trump's EO to counter a lot of these sort of
00:48:13.620 alternative unrestricted warfare tactics. But they highlight a myriad of sort of unconventional
00:48:19.160 war strategies, including but not limited to EMP attacks, deep sea fiber, the undersea cables cuts,
00:48:25.840 anti-satellite weapons, and of course, cyber attacks. And I know our audience is always ahead
00:48:30.360 of the curve. But just for those of you who aren't aware what exactly EMP attacks are,
00:48:34.420 there's been a lot of discussion about these sort of behind the scenes. But these are basically
00:48:38.620 bursts of electromagnetic energy that are capable of disabling electronic devices vastly. We're not
00:48:45.240 talking about cyber attacks, we're talking about dismantling physical systems, whether it's
00:48:49.620 financial systems, water system, hospitals, critical infrastructure, essentially reverting the
00:48:55.160 United States to a pre-electric age. And why it's so concerning, sort of springboarding off of what
00:49:00.680 Dave Walsh was saying, is even in terms of repairing our systems, right, we are so reliant on
00:49:06.380 China, not just from a critical mineral and energy perspective, right, the rare earths, but more
00:49:11.820 importantly, and almost more nefariously, on the processing side of things. So even take the Ukraine 0.90
00:49:17.120 mineral deal, that doesn't solve the issue that 90% of all processing, whether you're talking magnets,
00:49:22.540 batteries, you name it, is done in China. They have not just a monopoly, an overwhelming monopoly
00:49:27.400 on that. The other 8% is in Japan, and I think there's about 1.5% being done in Australia, which
00:49:32.480 of course is essentially a proxy state of the PRC. But what's really interesting, and what I think is
00:49:38.460 the really, really concerning aspect of the push for solar in the Green New Deal, beyond just the
00:49:42.920 fact that it fails time and time again, is that there was just a story last week, where communications
00:49:48.220 modules, essentially kill switches, were found embedded, not in Chinese solar equipment, but in solar
00:49:54.960 equipment right here in the United States, manufactured, operated, and controlled by
00:50:00.040 the PRC, which is really concerning. We're not talking about, you know, toggling on and off and
00:50:04.580 messing with the power. You're talking about a complete kill switch on the United States of
00:50:09.100 America. And to make this, I think, really go global, when you talk about what's going on in
00:50:13.200 the Middle East, of course, I would raise the fact that it's the PRC that essentially dominates
00:50:18.480 Iranian airspace, not that we're advocating for any troops on the ground or kinetic movement
00:50:22.500 there. But if it were to get to that point, because of the deep state warmongers, you know,
00:50:26.480 that's an interesting proposition. And when you look at the fact that, what is it, Indo-PACOM,
00:50:31.160 they're headquartered in Hawaii, so they're relying on these deep sea cables to be able to connect and
00:50:35.680 talk with the mainland. If China were to preemptively strike from the cable cutting perspective, which
00:50:40.600 they've done against Taiwan and in the Baltic, and we've already seen some of these funky technological
00:50:45.700 manipulations go on at the Denver airport, obviously in Spain and Portugal, that would be a really,
00:50:51.000 really bad thing to see the complete severance between Indo-PACOM and the broader United States
00:50:56.880 military. So this is a huge, huge concern. President Trump, like I said, has been ahead of
00:51:01.320 this with the EO. He pushed very early in the administration. And a lot of what the Golden
00:51:05.300 Dome could do could potentially prevent against these EMP attacks as well.
00:51:09.820 So, Natalie, his exit interview with 60 Minutes, Chris Wray actually said, they asked him,
00:51:16.160 what's the greatest threat to the United States? And he says, embedded technology or kill switch
00:51:21.360 of the Chinese Communist Party throughout all the infrastructure, communications infrastructure,
00:51:26.560 healthcare infrastructure, logistics infrastructure. But he particularly highlighted
00:51:30.780 the electrical grid and electrical infrastructure. Now, Ray had lost so much credibility that even on
00:51:38.180 this warning, nobody paid attention to him. We're hearing chatter. We've got about a minute here.
00:51:42.160 I'm going to hold you through the break. There is a lot of discussion behind the scenes now
00:51:46.680 of senior level people that, you know, from the Frank Gaffneys and War Room, we've been pounding
00:51:51.740 this for years. It's like the early parts of the COVID pandemic. When we were banging on it,
00:51:56.200 came from Wuhan. You got to look at this and we're dismissed. There's a lot of people now 1.00
00:52:00.020 really talking about this EMP threat. Are there not?
00:52:04.960 Well, look, for all of Ray's faults, one thing that the FBI did very well under him was go after
00:52:10.000 these CCP-linked researchers at American universities. And to link this to what the
00:52:14.440 Trump administration did at Harvard, all of these technological capabilities that the PRC now has,
00:52:19.900 right, rather overtly or covertly, being able to hack into these grids, these are technologies and
00:52:24.940 chips and just in general knowledge that is being given to them by Western institutions. So that's why
00:52:30.460 cutting them off, creating the chokehold, not letting them in, not creating this class of Western 0.99
00:52:34.800 educated elites who right now are waging, you know, electrical and information and economic
00:52:39.400 warfare, not basically training the soldiers that we may very one day come to meet on the
00:52:44.340 kinetic warfare battlefield. So this is why this is all part of one very important plan.
00:52:49.940 Natalie, hang on. Natalie Winters at the White House today with none of the other mainstream media
00:52:54.600 there. Obviously, they're already at the beach. Ben Harnwell's at Rome. We got Dave Walsh.
00:52:59.280 Orrin Cass is going to join us. We're packed in the second hour. Stick around. 90 seconds. We'll be back.
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