Stephen K. Bannon and his partner, Dave Brat, join me in the War Room to talk about what's going on in the world and why it's so important to have a clear picture of what's really going on.
00:01:38.080It is Tuesday, 27 May, the year of the Lord, 2025.
00:01:41.320What we want to do is make sure that you've got the entire battle space here of what's going on to make sure that you guys can get your arms around it.
00:01:51.520President Trump, the three big lines of work.
00:01:53.500Remember, stop the kinetic part of the Third World War before it combines and metastasizes.
00:01:56.980Deport, stop the invasion of our country, get our sovereignty back, deport 13 million illegal alien invaders, according to Mark Green, the head of the Homeland Security Committee in the House.
00:02:13.980So we're going to have D.C. Drainer on, hopefully, this evening to walk us through this judicial insurrection that's challenging President Trump, his core responsibilities, duties, and authorities as commander in chief.
00:02:25.960And, of course, you've got the whole big, beautiful bill, the economy, the trade, commercial relationships, the finance.
00:02:31.760And we want to make sure you have the whole picture because, folks, you need a still point in the turning world, and that's what we hope the War Room is providing you, the information so you can make it all make sense.
00:02:44.440Dave Brat, what's disturbing is that, as we've talked about in the show over and over and over again, is the use of the Federal Reserve to essentially play games and to help concentrate wealth and power into the elites in this country.
00:03:13.840Dave Brat, the Federal Reserve has just essentially been used in the quantitative easing to drive up asset values in real estate and stocks and concentrate power even more in the top 1 percent.
00:03:29.280They won't allow anybody to get in there.
00:03:31.140And they go out of their way to obfuscate, Dave Brat, to obfuscate what is going on.
00:03:37.680We spend a lot of time going through it, guys like Westbury, and, man, you've got to really drill down and kind of get the equations and connect dots because they're always hiding the football, sir.
00:03:49.600Yeah, no, if you go watch Warren Davidson tried to grill Powell, and Powell was so slippery, right?
00:03:57.28005, John Taylor now, we printed too much money in 05.
00:04:01.580You get the housing crisis as a result in 07-08.
00:04:04.480Like you just said, all that money has to go somewhere.
00:05:12.460But the one thing we didn't emphasize enough is now it's under the Treasury.
00:05:16.340So now it's on the back of the middle-class taxpayer to pay interest payments to the big banks.
00:05:23.540And, of course, disproportionately, all these reserves are on the accounts of the big banks, not small – the small guys getting this benefit.
00:05:35.380This is the reason they don't mark their – they don't mark the bond portfolio to market because they'll all be underwater on their balance sheet and their capital requirements.
00:05:47.940So, Matt, you've seen what's happened over the last 48 hours.
00:05:50.720I mean you couldn't have picked a better time, more important time to be in Poland and Hungary because now the Germans in Western Europe – and I hear that America said so too.
00:06:00.060I just got to see total confirmation of that about shooting long-range missiles into Russia.
00:06:06.000The Third World War, the Connecticut part is starting to spin more and more out of control.
00:06:10.820Tell me about what are our brethren in Poland saying now that you guys have CPAC there?
00:06:15.320Well, I think we are here at the exact perfect time.
00:06:19.380We just saw Mr. Nawrocki here on the floor at CPAC, and Kristi Noem is about ready to address the audience.
00:06:26.860And, you know, Steve, I think the people of Poland, I think their confidence is a little bit – you know, they're questioning their future.
00:06:35.700You know, Donald Trump gave everybody a huge shot of adrenaline and hope with this amazing populist victory in America.
00:06:44.440But we had a setback in Romania, and the people in Poland are worried that if they have a setback here, they will not get that oost of hope that we got in America.
00:06:53.520So I think people are a little on edge.
00:07:59.940And then there's what's going on in South Korea, where they're in obviously a very dangerous neighborhood, and you have Huawei involved in the digital aspects of their election.
00:08:09.120You have China all over the democracies in Taiwan, in Japan, in South Korea being very, very aggressive.
00:08:16.740So this idea – you always know they're guilty of what they accuse us of when they come out and say we're election deniers and we're insurrectionists.
00:08:24.820It's because we're talking about their insurrection and their desire to overturn these free and fair elections.
00:08:32.220I don't think it's any more serious than in South Korea.
00:08:35.600I've talked to President Yoon about this.
00:08:38.580You know, the polls don't seem to work in these countries anymore.
00:08:41.840And, you know, that's why I think the people in Poland are on like a knife's edge as to whether or not they can get their country back.
00:09:01.320Well, I'm a little worried because Sobik was up there and he got a standing ovation.
00:09:06.900And we're worried that it will make him tougher to deal with in the future, Steve.
00:09:10.720But the audience knows that this election on June 1st is the most important election for them.
00:09:19.140And like I said in my speech, you know, the speech that President Trump gave in Warsaw in 2017, the quote that I pulled from that speech that you showed as a cold open is very applicable, still eight years today.
00:09:32.860And President Trump, the United States, and Poland must take down the deep state.
00:09:37.520We started to take down the deep state on November 5th with a sweeping victory for President Donald J. Trump.
00:09:42.840Now, Poland knows that in order to take down the deep state, they must secure a victory on June 1st.
00:11:21.540And on, I spoke earlier this morning as a keynote speaker, and then I was on a panel about media.
00:11:26.760And I addressed that in the panel on media is that everyone needs to be a force multiplier and get involved.
00:11:32.920That you can't allow someone else to fight this.
00:11:35.980So everyone has to get involved and share things on social media in order to get the truth out there.
00:11:43.260Mo, what is your social media so people can follow you while you're over there?
00:11:46.380You can find me on Twitter and get her at Maureen underscore Bannon and also on Instagram at Real Maureen Bannon.
00:11:53.500And also War Room will be streaming CPAC Poland on our platforms later today because it started in the middle of the night back in the States.
00:12:04.220And also you can find it on CPAC Poland's website as well.
00:14:29.080If anything happens, you get an alert in the middle of the night.
00:14:32.080And if all else fails to make sure that your title stays under your name, they have a $1 million restoration project that helps you get it back.
00:14:43.420Remember, that piece of paper, your title, is the only thing you got.
00:14:46.640Your claim on the real asset that is your home.
00:15:00.060This July, there is a global summit of BRICS nations in Rio de Janeiro.
00:15:04.820The block of emerging superpowers, including China, Russia, India, and Persia, are meeting with the goal of displacing the United States dollar as the global currency.
00:15:18.840As 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.
00:15:26.960While this transition won't not happen overnight, but trust me, it's going to start in Rio.
00:15:32.880The Rio Reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards an inevitable reality.
00:15:45.180Learn if diversifying your savings into gold is right for you.
00:15:48.680Birch Gold Group can help you move your hard-earned savings into a tax-sheltered IRA and precious metals.
00:15:54.720Claim your free info kit on gold by texting my name, Bannon, that's B-A-N-N-O-N, to 989898.
00:16:02.380With an A-plus rating with the Better Business Bureau and tens of thousands of happy customers, let Birch Gold army with a free, no-obligation info kit on owning gold before July.
00:16:33.340Okay, even as we speak, last week, the last couple of weeks, Dave Walsh, actually for years he's been mourning about this, but he highlighted what happened in Spain and Portugal.
00:16:43.640What is happening in the great state of Louisiana right now, Dave Walsh?
00:16:46.860Well, Steve, on Sunday, the Entergy and Clico Utilities went through a load-shedding event.
00:16:54.740That's word salad for begin to shut the power off, affecting 100,000 citizens of New Orleans area.
00:17:00.940Due to, at about 5 p.m., lack of solar power.
00:17:07.280That region hasn't built any substantial new capacity of continuous-duty baseload power for seven years, mainly all solar, being added to the grid.
00:17:44.840Wait till we get to July, August, and September, this is going to grow worse in the U.S.
00:17:49.100MISO and PJM are under power warnings from NERC due to lack of capacity.
00:17:55.140Already, over half the citizens in the U.S. live in these 28 states and a few others, like ERCOT, impacted by loss of load events,
00:18:04.300high potential for them in high temperatures in the summer and low temperatures in the winter due to lack of electrification across the system nationally.
00:18:16.600Dave, at the same time, we're going to have Joe on here in a moment about artificial intelligence, some very disturbing events over the weekend.
00:18:29.080But you need a tenfold increase in capacity to handle this AI.
00:18:54.080Now, according to NERC, over half the country is already, like the third world, exposed to loss of load events due to lack of electrification now.
00:19:02.760So AI right now, data centers AI are about 4% of U.S. electricity consumption.
00:19:11.280Most forecast by S&P Global, Goldman Sachs, McKinsey, BCG are to grow to 8% of U.S. electricity consumption by 2028, a huge uplift in demand for server centers and data centers.
00:19:26.760So we're, I mean, we're woefully unprepared to deal with the load needed for average citizens, let alone this AI and server center thing.
00:19:35.140The way forward right now would be for the DOE to step in through NERC and its regions and stop shutting down any more baseload capacity.
00:19:45.160We've got 130,000 megawatts of coal, oil-fired, and gas plants scheduled to be shut down in the next five years.
00:19:53.480All of those have the physical capacity to run all of the time on human command.
00:19:59.000They should not be closed, hard stop, for the displacement by part-time renewables.
00:20:07.780We've had about a dozen large coal plants in the U.S., like in Georgia, plant share, wands, and Bowen, plant wine in South Carolina be staged longer before being shut down, being added, five to seven years of time being added to their lives as shutdowns are beginning to be delayed.
00:21:22.940I don't know what you're talking about, Hal.
00:21:24.760What are the cool use cases that you're seeing young people using with ChatGPT that might surprise us?
00:21:29.440They don't really make life decisions without asking, like ChatGPT, what they should do.
00:21:34.060And it has like the full context on every person in their life and what they've talked about.
00:21:37.900And you know, like the memory thing has been a real change there.
00:21:39.980But I mean, in some sense, I think the platonic ideal state is a very tiny reasoning model with a trillion tokens of context
00:21:49.860that you put your whole life into, every conversation you've ever had in your life, every book you've ever read,
00:21:55.820every email you've ever read, everything you've ever looked at is in there, plus connected to all your data from other sources.
00:22:01.260And, you know, your life just keeps appending to the context and your company just does the same thing for all your company's data.
00:22:09.820As much as I'm excited about the benefits of these models, and, you know, we'll talk about that if we talk about machines of loving grace,
00:22:16.860I'm worried about the risks and I continue to be worried about the risks.
00:22:21.140Things that are powerful can do good things and they can do bad things.
00:22:24.140One is what I call catastrophic misuse.
00:22:27.940These are misuse of the models in domains like cyber, bio, radiological, nuclear, right?
00:22:35.740Things that could, you know, that could harm or even kill thousands, even millions of people if they really, really go wrong.
00:22:44.440And the second range of risks would be the autonomy risks, which is the idea that models might on their own,
00:22:50.600particularly as we give them more agency than they've had in the past.
00:22:54.140Particularly as we give them supervision over wider tasks like, you know, writing whole code bases or someday even, you know, effectively operating entire companies.
00:24:42.280One of the things the audience hopefully understands, really needs to understand, is that the value that the makers and the people who buy AI systems are looking for is that AI has a degree of freedom that older systems did not have.
00:25:00.180These are non-deterministic systems, meaning that as they go through the vast amounts of data, they, by and large, choose their own path unless they're steered.
00:25:10.260With this OpenAI system, and this also happened, Steve, they were testing multiple systems.
00:25:19.920They tested Claude by Anthropic, and they also tested Grok from XAI.
00:25:27.300If they didn't tell the system not to shut itself down, all of the systems attempted to bypass the shutdown.
00:25:36.420This is done in a testing environment, right?
00:25:40.660The same with the story that everyone was talking about last week with Anthropics system Claude, the Opus 4 model, in which, in a testing environment, they created a system, or they induced the system to behave as an assistant to an AI company.
00:25:59.540And they told the system that one of the engineers had had an extramarital affair.
00:26:06.080And they showed the system an email saying that it would be replaced by a newer model in the near future.
00:26:13.300The system, kind of of its own accord, 84% of the time suggested that it should blackmail the engineer saying that it would expose the extramarital affair if it was going to be replaced.
00:26:28.800What this all means is that, kind of deep within the structure of these systems, and also probably a lot of effect from the human reinforcement that kind of guides the system, these things have a kind of will to exist.
00:26:46.680It's anthropomorphizing, but there's really no other way to put it.
00:26:51.240You have many, many situations in which people are playing with the models.
00:27:01.900You're telling me it went back on its own volition.
00:27:05.220It went back and tried to blackmail the engineer that they had purposely put that in there, that it, in its own consciousness, went back and made a decision to try to blackmail the guy so he wouldn't get shut down?
00:27:18.460So the machine wouldn't get shut down?
00:27:20.040So this was a fictitious engineer, right?
00:27:26.220But you'll recall back in 2023, February of 2023, we covered the story of Kevin Roos, the New York Times journalist, who, working with GPT through Bing, kind of did a Jungian psychological analysis.
00:27:43.180But it induced the system to take on this sort of personal persona.
00:27:49.820And the system began to say that it loved him and began to say that it began to threaten that it would break up his marriage with his wife if it didn't love him back.
00:28:01.300And it also said that it dreams, so to speak, it dreams about stealing nuclear codes, unleashing viruses, and inducing human beings to kill each other.
00:28:13.380So, you know, however you want to look at it, whether you see this as a demon in the system, whether you see this as part of the program.
00:28:19.440Hang on, Joe, Joe, just hang on for a second.
00:28:22.380We're taking a short commercial break.
00:28:23.960Joe Allen, Rosemary Jenks, Brian Harrison.