Bannon's War Room - May 29, 2025


Episode 4520： And Then They Came For The Tariffs


Episode Stats

Length

55 minutes

Words per Minute

156.24736

Word Count

8,651

Sentence Count

616

Misogynist Sentences

11

Hate Speech Sentences

20


Summary

A 3-judge panel on the International Court of Trade yesterday ruled that the President did not have the authority to impose the sweeping tariffs that he has proposed. The judges found that Trump's use of the decades-old International Emergency Economic Powers Act did not delegate an unbounded tariff authority to the President, and that Trump s tariffs lacked any identifiable limits.


Transcript

00:00:00.000 trade court has blocked most of President Trump's trade tariffs. A three-judge panel
00:00:06.840 on the International Court of Trade yesterday ruled that the president did not have the
00:00:12.380 authority to impose the sweeping tariffs. The judges found that Trump's use of the decades-old
00:00:19.040 International Emergency Economic Powers Act did not, quote, delegate an unbounded tariff
00:00:26.020 authority to the president, and that Trump's tariffs lacked, quote, any identifiable limits.
00:00:33.120 Lawyers for the Trump administration have already said that they will appeal.
00:00:38.440 And we are so pleased, not just on behalf of, you know, our states, but just all states and all
00:00:47.460 consumers and especially small businesses that were on the verge of being hammered by these tariffs,
00:00:54.160 which really are taxes and tax increases. So we're very happy about this decision, but you're
00:01:00.620 correct. The Trump administration has already indicated that they're going to try to get a
00:01:05.820 stay on the Court of International Trade's decision, which was very sweeping, and put a halt within 10
00:01:13.840 days to all of these tariffs, essentially. We'll see what the court does. The court really issued a
00:01:22.320 very strong opinion. They essentially made a decision on the merits of the case in what is
00:01:31.280 essentially a final decision by them, even though the states, we were asking for a preliminary injunction.
00:01:38.120 So they actually went a little further than we were even asking for. So they're very strong in
00:01:43.480 their decision. We'll see what they say when the Trump administration asks for a stay.
00:01:47.980 Night, have you spoken to the president? And ultimately, what's his reaction to what we heard?
00:01:54.820 Haven't spoken to the president yet, but I've spoken to people who have spoken to the president.
00:01:59.660 Look, we're in a situation now, big picture here is IEPA. We were using the International Emergency
00:02:07.680 Economic Powers Act. There's no question that there's an economic emergency with respect to both
00:02:13.760 uses that we had. One is we are in a world where China has killed over a million Americans
00:02:25.780 with fentanyl poison. And we took this step to stop that. We will continue to press on that. At the same
00:02:35.500 time, we invoke that rule to stop what has been 20 million illegal aliens streaming into our country,
00:02:44.340 driving down wages, taking jobs away. That's an economic emergency. On top of that, the world
00:02:51.140 continues to steal about a trillion dollars a year, as measured by the trade deficit.
00:02:58.560 And that's an economic emergency because it's transferring our wealth abroad. So we think
00:03:06.120 we have a strong case. Yes, we will immediately appeal and try to stay the ruling. But at the same
00:03:13.840 time, the court, interestingly enough, basically said we were right, just use different rules and
00:03:21.400 laws. So nothing has really changed here in that sense. We're still, as we speak, having countries
00:03:29.960 call us and tell us they want a deal. So these deals are going to happen. So that's kind of where
00:03:38.700 we're at. And it's troublesome here, because if you look broadly at the pattern, we've got courts in this
00:03:45.920 country who are basically engaged in attacks on the American people. The president ran on stopping the
00:03:55.340 fentanyl poisoning, stopping international trade unfair practices from stealing our factories and
00:04:01.440 jobs. And courts keep getting in the way of that. The courts get in the way of our trying to deal with
00:04:07.920 the border issues. Now they're getting in the way of our trying to deal with the fentanyl crisis.
00:04:12.980 And that's where we stand here. And I think I think part of what's going to be important about
00:04:18.980 this ruling demonstrates yet again to the American people that the judiciary in this country
00:04:26.040 has been weaponized in ways which are contrary to their interests feel very confident as we move
00:04:32.140 through the appeals process. If you actually listened to what the Trump's lawyers were arguing in court,
00:04:38.260 it is befuddling. They were saying that any emergency order cannot be reviewed by any judge.
00:04:44.840 Then they said any of the relief that they put out into the world as a result of that emergency order
00:04:50.360 cannot be reviewed by a judge. Effectively, you could tax maple syrup in Canada to try and impact
00:04:57.480 fentanyl in the U.S. Absurd stuff. And no judge could review it. And as A.G. Mays pointed out,
00:05:03.940 these tariffs trickle down to us so they could put in a thousand, you know, what, a thousand percent
00:05:10.200 tariff on any good, which would trickle down to us without any congressional approval and without any
00:05:16.140 court being able to strike it down. That's how powerful the judge's order was yesterday and really
00:05:23.260 a rebuke of the Trump administration's belief that they are immune to review by the courts.
00:05:29.020 I mean, look, any trade lawyer knows there's just a number of different options we can take. If you
00:05:34.440 look at the kind of things we've already done, it kind of gives you a roadmap on that. There's all
00:05:42.060 sorts of numbers out there. There's 122, there's 301, there's 232, there's 338. There's all sorts of
00:05:50.560 things we can do well within the law. But look, we think that what we've done already is perfectly,
00:05:59.020 appropriate. So that's why the appeal will take case. We have a situation where the bond market,
00:06:06.780 we've seen like a 50 basis point increase in yields in the 10 year since April 2nd. And a lot of the
00:06:16.200 hysteria around the big, beautiful tax bill centers on the Congressional Budget Office scoring that bill
00:06:24.020 in a way which says there's going to be a $3.7 trillion addition to America's national debt over
00:06:32.400 the next 10 years. And so of course, you got to finance that and that drives interest rates up and
00:06:37.420 heads explode. When in fact, if you do the math properly, and you like look at the history of the
00:06:46.320 CBO forecasts, you actually see about a $5 trillion swing to a $2 trillion surplus from the bill. And I'd
00:06:56.240 like to walk you through the math there. It's like the CBO, the Congressional Budget Office,
00:07:03.200 historically has been very bad at estimating impacts of tax bills. In the 2017 tax cut that
00:07:12.880 President Trump did, they got that totally wrong. They underestimated the GDP growth by a full
00:07:20.880 percentage point. And what that does, if they make that same mistake here, which they have done,
00:07:29.620 when you add that, that's about $2 trillion of additional revenue because you got greater economic
00:07:34.940 activity. And then- Peter, you also have the revenue from the tariffs, which I saw your opinion
00:07:40.780 piece in the Hill. I just want to get back to the tariffs. I just want to get back to the tariffs
00:07:44.580 because you don't have that revenue. Well, that's another $2 trillion. If you don't have the legal
00:07:49.240 authority to use it, though- The kids are little. Democrats should not take the bait here. We should
00:07:54.260 not be the grand defenders of Harvard University. We should be the ones calling for billions of
00:07:59.920 dollars to go to vocational education. But this is wrong. They have $70 billion. They have a $70
00:08:05.840 billion endowment. You get a tax deduction from donating to the Harvard rowing team. You get a tax
00:08:14.060 deduction for getting students another sushi bar. It is all about just people trying to retain social
00:08:21.660 class. It is a whole elitist play. We all know that. Harvard can defend themselves. Not one person at
00:08:28.460 this table can name one advancement that occurred from a taxpayer-funded project at Harvard in the
00:08:34.920 last five years. That's not true. There's tons of scientific research going on at Harvard. They
00:08:39.380 have hospitals. I mean, that is absolutely- They got hospitals. Beautiful. And by the way, don't let-
00:08:43.020 No, they have tons of scientific research. That's completely wrong. And also, let me say,
00:08:47.420 this is Viktor Orban, right? This is Hungary. This is what authoritarians do. They go for universities
00:08:52.680 because they don't want dissent. So when you are actually- It's not about Harvard. It's about
00:08:58.100 academic freedom. And that is a real thing. It has nothing to do with being fancy or having a tax
00:09:06.280 deduction. We're talking about politics here. And the Democrats have a ton of things to focus on.
00:09:12.340 Medicaid cuts, snap cuts, giveaways to the rich. Harvard can handle themselves. People should not
00:09:17.960 get a tax deduction for giving to Harvard. And they have $70 billion. They don't need any more
00:09:24.020 benefits. I just want to say one last thing. It's Harvard today. It's every other college
00:09:28.760 tomorrow. I mean, it'll go after all of them. This kind of court ruling, the judge, I mean,
00:09:34.320 look, the lead judge- But if the court said, if the ruling said, Peter, and we've been talking
00:09:38.220 about this, page 34, 35, they say, basically, you're in your right if you use section 122.
00:09:44.200 Why didn't you guys do that from the beginning?
00:09:48.560 Well, section 122 only gives you 150 days. So there's your answer right there.
00:09:55.440 So are you, section 122, if you use this now for 150 days, could it be a bridge to 301 or a bridge to
00:10:01.500 232? What are you thinking more long-term?
00:10:03.980 You can be the strategist on that. But those are the kinds of thoughts. And look, if anybody thinks
00:10:10.740 this has caused the administration by surprise, think again. Okay? Because you could see in the
00:10:18.020 oral arguments where those judges were going. And the lead judge in this, I mean, the problem
00:10:23.800 with that court, it's such an obscure court, but it's consistently been globalist pro-importer
00:10:31.180 giving us bad rulings. The lead judge there ruled against the 232s originally and had to get
00:10:39.260 overturned by the appeals court. So that gives you an idea of the bias against the president's
00:10:46.740 tariff policy right on that court. But I think the big picture here is we've got a very strong case
00:10:54.260 with IEPA, but the court basically tells us if we lose that, we just do some other thing. So nothing's
00:11:01.140 really changed. I want to say this to the world. You're cheating us. We're coming after you. Deal.
00:11:07.340 And let's make this right. Because ultimately, what's at stake here is the global international
00:11:14.060 environment getting in a way where it's fair to America. And thereby, if it's fair to America,
00:11:21.820 and we restructure this thing in a way, we'll have just more stability in terms of financial flows and
00:11:28.440 capital and everything like that. It's wildly out of balance now.
00:11:34.760 This is the primal scream of a dying regime.
00:11:39.640 Pray for our enemies, because we're going medieval on these people.
00:11:44.840 You're just not going to get a free shot at all these networks lying about the people. The
00:11:49.240 people have had a belly full of it. I know you don't like hearing that. I know you try to do
00:11:53.200 everything in the world to stop that, but you're not going to stop it. It's going to happen.
00:11:56.220 And where do people like that go to share the big line? Mega Media. I wish in my soul,
00:12:02.960 I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose?
00:12:10.360 If that answer is to save my country, this country will be saved.
00:12:16.560 It's Thursday, 29 May, year of our Lord, 2025. And then they came for the tariffs.
00:12:32.980 Remember, the three lines of work. One, stop the kinetic part of the Third World War from spreading
00:12:38.020 and shut it down, have people lay their guns down, President Trump all over that. Number two is to
00:12:43.900 stop the invasion of the southern border, secure it, and then deport
00:12:47.560 13 million, not just the ones from the insane
00:12:51.600 assignment, not just the bad hombres, but all 13 million invaders
00:12:55.620 that came in here
00:12:56.400 in conjunction with
00:12:59.320 the illegitimate Biden regime.
00:13:01.640 Remember that term?
00:13:03.820 And the others,
00:13:05.420 the economics.
00:13:07.440 Essentially, the business model of the country,
00:13:09.880 how we're going to finance it and changing
00:13:13.540 part of that, a central part of that is
00:13:15.380 restructuring the commercial relationships of the world so the United States
00:13:19.560 is not, the people in the United States are not continually hammered
00:13:23.460 by the Lords of Easy Money and the big tech corporations and the Chinese Communist Party
00:13:28.480 and others that have taken advantage of, not taken advantage, worked in conjunctions with the elites.
00:13:34.080 So last night, the only thing the Democrats have going for them, all the polling Democrats, worst I've ever seen,
00:13:38.800 they just had a big
00:13:40.940 analysis about their
00:13:43.800 abundance policy, the abundance.
00:13:47.220 It's got 16%
00:13:48.280 support among Democrats.
00:13:50.480 Populism, populist economic policies,
00:13:52.840 I think have 56 or 60%
00:13:55.480 support among Democrats.
00:13:57.300 Unfortunately, they don't have any populist, economic populist.
00:14:00.060 They don't exist over there.
00:14:02.020 It's all woke.
00:14:03.460 It's all cultural.
00:14:05.180 The only thing they got going for them is a judicial insurrection of these radical judges.
00:14:11.320 And yesterday, a three-judge panel, and Peter, I would, the only thing I would disagree with, Peter's,
00:14:16.240 Dr. Navarro's assessment, I don't think it's an obscure court.
00:14:19.740 It is the court that deals with trade.
00:14:22.180 And they essentially laid a blanket, a blanket opinion that President Trump can't do what he's doing.
00:14:28.980 There's really not an emergency.
00:14:30.080 Au contraire, we beg to differ.
00:14:33.300 This is going to get a little Andrew Jackson-y
00:14:36.500 before it's over.
00:14:40.080 You can see where this is headed.
00:14:42.380 Short commercial break.
00:14:43.360 We're going to make it all make sense.
00:14:45.280 In the land of the blind,
00:14:46.600 the one-eyed man is king.
00:14:48.920 And you are here,
00:14:50.080 in the war room.
00:14:50.760 Short break.
00:14:51.200 This July, there is a global summit of BRICS nations in Rio de Janeiro.
00:15:04.820 The block of emerging superpowers, including China, Russia, India, and Persia,
00:15:10.460 are meeting with the goal of displacing the United States dollar as the global currency.
00:15:15.160 They're calling this the Rio Reset.
00:15:18.840 As BRICS nations push forward with their plans,
00:15:21.260 global demand for U.S. dollars will decrease,
00:15:23.780 bringing down the value of the dollar in your savings.
00:15:26.960 While this transition won't not happen overnight,
00:15:30.540 but trust me, it's going to start in Rio.
00:15:33.440 The Rio Reset in July marks a pivotal moment
00:15:36.360 when BRICS objectives move decisively
00:15:38.860 from a theoretical possibility towards an inevitable reality.
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00:16:27.740 Here's your host, Stephen K. Bannon.
00:16:30.160 In the essentially reshoring and rebuilding of American manufacturing
00:16:36.720 and the reason that, you know, a couple trillion dollars,
00:16:39.720 not from sovereign wealth funds but from real companies,
00:16:42.280 have already been, you know, committed to being invested
00:16:46.480 by publicly traded companies,
00:16:47.940 they've told their shareholders,
00:16:49.920 is because of the tariffs.
00:16:51.480 And what President Trump is saying is a complete package.
00:16:55.480 Deregulation, energy, all of it.
00:16:58.160 And transportation costs.
00:16:59.940 And plus, you're going to have to pay a premium
00:17:02.680 to get to the golden market.
00:17:03.800 On the 30-front war,
00:17:07.120 what they have that's working,
00:17:09.860 because in best case, or worst case for them,
00:17:13.300 it's slowing us down to delay us to deny.
00:17:15.700 And they're hammering on the two most important parts
00:17:18.520 of national security.
00:17:19.580 President Trump is commander-in-chief, right,
00:17:23.660 to essentially send the invader back to their home countries
00:17:28.220 and, in addition, to make sure that the process
00:17:32.420 of essentially stripping America of her industrial might
00:17:36.080 and high-value-added jobs with it are thwarted.
00:17:40.520 And let's be blunt.
00:17:43.280 This is more than a speed bump.
00:17:47.340 Peter Navarro is absolutely correct.
00:17:48.920 The White House understood this.
00:17:50.640 We're going to have Dan Epstein on later in the show
00:17:54.560 from America First Law Legal,
00:17:57.260 Stephen Miller's old group.
00:17:58.680 He's going to explain it in the second hour
00:18:00.160 and go through some technical details
00:18:01.660 because the war room posse needs the receipts here
00:18:04.660 because you're going to be the tip of the spear
00:18:07.960 in a very nasty struggle this summer.
00:18:11.020 I told you that this summer will define
00:18:13.040 President Trump's legacy.
00:18:14.320 We're within three weeks of the coming down,
00:18:17.900 the 10-year anniversary coming down the golden escalator.
00:18:21.120 And we're going to do all kind of specials about that.
00:18:23.680 And we've got the big military parade and Flag Day
00:18:26.620 and all that the day before
00:18:28.280 and President Trump's birthday, all of it,
00:18:32.240 that weekend, Father's Day weekend.
00:18:34.200 But as part of President Trump's coherent,
00:18:42.360 integrated plan, economic plan,
00:18:45.260 that Peter Navarro finally,
00:18:46.580 somebody in the administration,
00:18:48.060 hello, Secretary of Treasury,
00:18:50.120 hello, head of NEC, Brother Hassett,
00:18:52.920 Navarro's piece in the Hill,
00:18:55.640 and they just grilled him there on Bloomberg,
00:18:57.820 actually starts to lay the case out
00:18:59.440 of why, and you've got to make the case
00:19:01.920 because, yes, it looks,
00:19:03.260 the big, beautiful bill,
00:19:04.880 it got some big, ugly in it
00:19:06.360 in the first couple of years about deficits
00:19:08.000 as CBO scores it.
00:19:10.320 And, oh, by the way,
00:19:11.620 there are very smart people
00:19:12.800 that are coming to me,
00:19:13.660 showing me analysis,
00:19:14.440 saying, hey, maybe CBO is too optimistic.
00:19:17.580 The administration takes the opposite opinion.
00:19:21.840 That's great.
00:19:22.440 You've got to back it up
00:19:23.260 with something called the math,
00:19:25.160 and they're doing it.
00:19:25.900 That's what Peter Navarro was first yesterday.
00:19:27.480 A big part of this
00:19:28.500 is the rejuvenation of America
00:19:32.060 as a manufacturing hegemon,
00:19:34.000 a manufacturing superpower.
00:19:37.080 And the concomitant either tariff revenues
00:19:39.980 are coming in
00:19:40.740 and or, as it's a supply-side tax cut,
00:19:46.660 greater productivity
00:19:47.620 and higher tax revenue
00:19:50.100 from the existing tax structure,
00:19:52.820 the tax structure they're putting in,
00:19:54.200 particularly for corporations.
00:19:57.740 So this is all an integrated whole.
00:20:01.840 The left and the radical judges,
00:20:03.900 and this gets back to Harvard,
00:20:05.360 the law firms, all of it.
00:20:07.740 The law for Harvard,
00:20:09.220 the elite Ivy League schools
00:20:10.520 and the public Ivys.
00:20:12.300 The law firms and the courts
00:20:16.160 are kind of part of the whole cloth
00:20:19.860 of the globalists,
00:20:23.360 of what they've done,
00:20:24.460 the elite globalists,
00:20:26.240 the, how do I say,
00:20:27.560 the rootless cosmopolitans
00:20:29.480 that have destroyed this nation.
00:20:34.400 And these judges
00:20:35.700 are their tip of the spear.
00:20:38.380 They have no political support.
00:20:39.920 You see in all the polling,
00:20:41.100 zero, no political support.
00:20:43.180 The one thing is coming up
00:20:44.480 time and time and time again,
00:20:46.060 which I told you,
00:20:46.780 we're in the age of economic populism.
00:20:48.860 Why?
00:20:49.400 The American citizen
00:20:50.640 understands they're getting screwed.
00:20:52.020 The whole thing's on their shoulder
00:20:53.120 and they're getting screwed.
00:20:55.180 You are the vanguard
00:20:56.280 of understanding this,
00:20:58.060 I don't know,
00:20:59.420 over the last decade
00:21:00.340 since the Tea Party
00:21:01.280 and now with President Trump
00:21:03.560 and the MAGA movement
00:21:04.420 going up,
00:21:05.140 you know,
00:21:05.380 taking us 20 years
00:21:06.440 in the future
00:21:06.960 in a couple of years.
00:21:07.900 Oh, by the way,
00:21:10.200 the reason you see
00:21:10.860 the convergence
00:21:11.400 of all these crises,
00:21:12.600 the constitutional crisis
00:21:13.720 in the courts,
00:21:14.920 the kinetic part
00:21:15.660 of the Third World War,
00:21:17.280 and now,
00:21:18.720 not just the economic part
00:21:20.020 and, hey,
00:21:20.320 cutting, spending,
00:21:20.940 all that,
00:21:21.320 but the center-beating heart
00:21:23.060 of this
00:21:23.420 is the reshoring
00:21:24.320 of high-value-added
00:21:25.340 manufacturing jobs.
00:21:26.580 The courts don't want that.
00:21:29.240 The globalist elites
00:21:30.400 don't want that.
00:21:31.180 They want those
00:21:31.780 manufacturing jobs
00:21:32.840 to be with their partners
00:21:34.020 overseas
00:21:34.580 and they're going to
00:21:35.280 fight this like crazy.
00:21:37.600 Every penny to Harvard
00:21:39.020 and Max Rose
00:21:40.380 is a combat veteran
00:21:41.460 Marine Democrat
00:21:42.480 who represented
00:21:43.440 Staten Island in Congress.
00:21:45.980 He's lost to a Republican
00:21:47.260 because it's pretty Republican.
00:21:49.120 I think he's one of the guys
00:21:49.960 that won in 18
00:21:50.680 in that big revolt
00:21:51.740 when, really,
00:21:53.520 the political operation
00:21:54.280 of President Trump
00:21:54.840 did not focus that much
00:21:55.940 on the House.
00:21:56.480 They focused on other things
00:21:57.320 and Nancy Pelosi won 40 seats
00:21:58.960 promising to impeach
00:22:00.020 President Trump
00:22:00.560 and what did they do?
00:22:02.120 Voila!
00:22:03.420 They impeached
00:22:03.940 President Trump
00:22:04.680 and created a show
00:22:06.160 called The War Room
00:22:06.960 because we started
00:22:07.580 covering that
00:22:08.440 because nobody would
00:22:09.140 talk about it.
00:22:10.000 Nobody would touch it.
00:22:12.600 So where are we now?
00:22:13.880 This is why this Harvard thing
00:22:14.920 is so absolutely important.
00:22:17.340 Harvard,
00:22:18.280 the law firms,
00:22:19.380 and the judges
00:22:20.200 are all part
00:22:22.840 of one thing.
00:22:25.960 This is the elitist,
00:22:27.200 this is the finishing schools
00:22:28.720 that they send
00:22:29.300 to the law firms
00:22:29.940 and the law firms
00:22:30.780 and the law firms
00:22:30.800 are the hard linkage,
00:22:32.960 the mechanical linkage
00:22:34.320 between the capital markets,
00:22:37.640 the private,
00:22:38.200 the hedge funds,
00:22:39.300 venture capital,
00:22:40.120 and the political class
00:22:41.440 here in Washington, D.C.
00:22:42.840 and I would tell you
00:22:43.720 if you look at the revenues
00:22:44.720 and people are shocked,
00:22:45.500 good Lord,
00:22:46.000 how do law firm
00:22:47.160 have $9 billion in revenues?
00:22:48.840 These law firms
00:22:49.900 are changing in,
00:22:51.640 transforming into
00:22:52.820 basically private equity groups.
00:22:55.320 Their power is unlimited
00:22:56.440 and President Trump
00:22:57.180 has taken it to them.
00:22:58.180 Of course,
00:22:58.780 we had a ruling yesterday
00:22:59.740 about that also.
00:23:02.220 These judges,
00:23:03.480 these radical
00:23:04.220 neo-Marxist judges
00:23:05.640 are not going to roll over,
00:23:07.020 just like Harvard
00:23:07.800 and these places
00:23:08.280 are not going to roll over,
00:23:09.220 just like these law firms
00:23:10.200 are dusting themselves off
00:23:11.340 and saying,
00:23:11.800 no, no, no, no,
00:23:12.260 we're going to fight.
00:23:13.800 So the intensity
00:23:14.940 and the urgency
00:23:15.900 is about to increase
00:23:17.160 manifold.
00:23:20.180 There are alternatives.
00:23:22.280 None of the alternatives
00:23:24.820 are smooth
00:23:25.780 and as kind of coordinated
00:23:27.600 and really bringing jobs back
00:23:29.680 and going after tariffs
00:23:30.880 against things
00:23:32.180 that are the existential threat
00:23:33.440 of the United States
00:23:34.100 because the emergency
00:23:34.860 boils down to many things.
00:23:37.620 One, it's an economic crisis,
00:23:39.000 but it's also fentanyl.
00:23:40.160 They've killed a million people.
00:23:42.420 This is much more brutal
00:23:43.800 than the opium wars
00:23:45.400 when the British
00:23:46.640 decided that the Chinese
00:23:48.720 didn't want any of their goods,
00:23:50.100 as the imperial court
00:23:52.140 said, hey, yeah,
00:23:53.440 we like your stuff,
00:23:54.580 but it's nothing.
00:23:55.520 You're nothing.
00:23:56.260 You're foreign devil.
00:23:57.440 We're between man
00:23:59.240 and we're the middle kingdom.
00:24:01.420 We're not taking anything.
00:24:02.660 How about that?
00:24:03.120 Suck on that.
00:24:03.680 Get out of here.
00:24:05.560 And what'd they do?
00:24:06.280 Oh, well,
00:24:07.100 we think there's one thing
00:24:07.960 you'll take
00:24:08.440 and that's opium.
00:24:10.920 Yeah, yeah, yeah.
00:24:12.460 The Brits did it.
00:24:13.440 I hate to say it.
00:24:14.300 Pretty grimy.
00:24:15.800 Not talked about.
00:24:16.860 That's kind of the English version
00:24:18.340 of the Cultural Revolution.
00:24:19.400 Things are never discussed.
00:24:21.360 Never discussed.
00:24:22.480 They never talk about
00:24:23.320 the Cultural Revolution in China
00:24:24.840 because the CCP
00:24:25.440 don't want to talk about that.
00:24:27.560 And, you know,
00:24:28.360 it's pretty hard to research
00:24:29.700 the history of the opium wars.
00:24:31.660 But that's what's happening here.
00:24:33.860 It's a chemical warfare attack.
00:24:35.800 They got biological warfare
00:24:37.200 in the pandemic 100%.
00:24:40.800 And by the way,
00:24:41.840 I missed the reparations.
00:24:43.280 Where's the reparations discussion?
00:24:44.780 Oh, yeah.
00:24:45.400 We're not talking about that yet.
00:24:46.820 You've got the chemical warfare.
00:24:50.460 Look at your cities.
00:24:51.400 Places in Ohio
00:24:52.200 that came and bring the factories
00:24:53.540 because too many people
00:24:54.240 on fentanyl,
00:24:55.280 on these drugs,
00:24:56.360 on opioids,
00:24:57.020 and sprinkled with fentanyl now.
00:24:59.080 And guess what?
00:24:59.940 The cartels are their partners.
00:25:02.760 Hey, I'm all for
00:25:03.780 interdiction down in Mexico.
00:25:05.900 Either Mexico
00:25:06.380 runs the Chinese Communist Party
00:25:08.380 out there
00:25:08.700 and the cartels will go in.
00:25:10.660 Hell, the American people
00:25:11.680 would support that
00:25:12.420 a lot more
00:25:12.900 in going into Ukraine,
00:25:13.940 sending the 101st Airborne,
00:25:15.700 that brigade
00:25:16.240 from Romania into Ukraine.
00:25:19.200 Our stuff,
00:25:19.840 everything we did
00:25:20.700 in Iraq and Afghanistan,
00:25:21.920 this is an existential threat
00:25:23.060 from an enemy.
00:25:24.220 That enemy's
00:25:24.860 the Chinese Communist Party.
00:25:26.560 They're everywhere.
00:25:28.740 And President Trump,
00:25:29.780 oh, by the way,
00:25:30.560 dropped a couple of bombs
00:25:31.680 last night
00:25:32.280 on the chips.
00:25:34.400 You got Navidi
00:25:35.100 and these guys saying,
00:25:36.240 oh, well, you know,
00:25:37.320 we're missing
00:25:37.840 a $50 billion market.
00:25:38.900 I don't care what market
00:25:39.840 you're missing, dude.
00:25:40.700 You hit your numbers.
00:25:41.540 It was great.
00:25:43.600 We're going to have here
00:25:44.600 the coming apocalypse
00:25:46.340 on white-collar jobs.
00:25:50.160 In this audience,
00:25:51.160 first off,
00:25:52.060 if you're under 35,
00:25:53.120 look in the mirror
00:25:53.860 and repeat after me.
00:25:55.000 I am screwed
00:25:56.060 because the elites
00:25:58.720 in this nation
00:25:59.680 take advantage of me.
00:26:02.400 Okay?
00:26:03.120 Just repeat after me.
00:26:04.260 I am screwed
00:26:05.080 because the elites
00:26:06.000 of this nation
00:26:06.640 take advantage of me.
00:26:07.620 This is why
00:26:08.780 you ain't got a job
00:26:10.020 that pays anything.
00:26:10.880 This is why you don't own...
00:26:11.900 When I talk about
00:26:12.740 home title lock
00:26:13.580 and the $1 million
00:26:15.240 triple lock protection,
00:26:16.980 you kind of glaze over
00:26:18.240 because you ain't got
00:26:19.220 a title, right?
00:26:20.380 Because you ain't got a home.
00:26:22.380 You're renting.
00:26:23.900 It's like pajama boy.
00:26:26.160 Remember that from Obama?
00:26:27.540 I'm always going to rent
00:26:28.840 and I'm going to be happy renting.
00:26:30.880 Can you pass the cocoa?
00:26:32.400 Can I have another cocoa?
00:26:33.340 Can I have a cocoa
00:26:34.940 with some mushrooms in it?
00:26:35.940 Can I get energized
00:26:37.860 in my cocoa?
00:26:38.580 Remember pajama boy?
00:26:40.460 That was lovely.
00:26:41.600 You're going to build
00:26:42.160 a nation around that, right?
00:26:43.880 That's what they want to do.
00:26:45.940 100%.
00:26:46.420 Trump also dropped
00:26:47.660 the bomb on Harvard.
00:26:48.520 Hey, no students,
00:26:49.260 no foreign students,
00:26:50.240 no Chinese.
00:26:51.100 I want to see it all.
00:26:52.620 Lao Baixing has been tormented.
00:26:54.960 This is not about
00:26:56.360 Chinese students.
00:26:57.920 It's about the process
00:26:59.080 of the CCP using the students
00:27:01.640 to go everywhere,
00:27:02.620 including the weapons labs,
00:27:04.340 take the positions
00:27:05.940 from American students,
00:27:07.320 and then to report back
00:27:08.800 every month
00:27:09.260 to the Chinese Communist Party.
00:27:10.600 And, oh, by the way,
00:27:11.460 go back and work
00:27:12.140 in the technology companies.
00:27:13.200 Hey, guess what?
00:27:14.860 Educate them over there
00:27:15.920 in Hong Kong University.
00:27:18.140 We will welcome
00:27:18.740 all scholars of the world.
00:27:20.020 Go for it, baby.
00:27:21.460 You want to be
00:27:22.800 indoctrinated
00:27:24.580 and educated
00:27:25.380 at Beijing University?
00:27:27.240 Go for it.
00:27:28.340 Want to go to Hong Kong University?
00:27:29.840 Go for it.
00:27:30.960 Europeans saying,
00:27:31.780 well, we'll show America.
00:27:33.720 We'll tell you, go.
00:27:35.080 Go, baby.
00:27:35.560 See, let me sign up for that.
00:27:38.680 This is the greatest
00:27:39.560 education system
00:27:40.600 because it's underwritten
00:27:41.720 by taxpayers.
00:27:43.240 Underwritten by taxpayers
00:27:44.480 and there to rip
00:27:46.120 taxpayers off
00:27:47.680 by making sure
00:27:48.200 the kids don't get jobs.
00:27:49.340 President Trump,
00:27:50.940 he's like outlaw Josie Wales.
00:27:52.680 You know what he's saying?
00:27:54.300 We're going to go down
00:27:55.280 to Harvard
00:27:55.660 and we're going to
00:27:56.180 set things right.
00:27:58.200 Short commercial break.
00:27:59.420 We're getting into
00:27:59.940 all of it today.
00:28:01.980 Unbridled.
00:28:03.480 Take your phone out right now.
00:28:05.340 Capital markets
00:28:05.920 a little turbulent.
00:28:06.740 We told you
00:28:07.340 that was going to happen.
00:28:09.480 Text Bannon,
00:28:10.220 B-A-N-N-O-N.
00:28:12.900 9-8-9-8-9-8.
00:28:14.320 Get the ultimate guide.
00:28:15.540 Totally free.
00:28:16.160 On investing in gold
00:28:17.420 and precious metals
00:28:18.200 in the age.
00:28:19.400 Not the era.
00:28:20.220 The age of Trump.
00:28:21.840 Back
00:28:22.320 after short commercial.
00:28:26.900 You've heard me talk
00:28:27.900 about Patriot Mobile
00:28:28.760 for a while now.
00:28:29.600 You probably know
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00:28:36.840 So here's the question.
00:28:37.940 Have you switched
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00:28:59.160 Let me repeat,
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00:29:07.380 They have unlimited
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00:29:15.140 Switching is easy.
00:29:16.200 Keep your number,
00:29:17.260 keep your phone,
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00:29:20.340 team can activate
00:29:21.260 you in minutes.
00:29:23.240 Best of all,
00:29:24.020 switching to Patriot Mobile
00:29:24.980 supports your values.
00:29:26.420 If you believe
00:29:26.980 in our First Amendment
00:29:28.360 and Second Amendment rights,
00:29:29.680 the sanctity of life,
00:29:30.740 supporting our veterans,
00:29:32.100 and first responders,
00:29:33.560 this is where you belong.
00:29:36.240 Right now,
00:29:36.800 go to PatriotMobile.com
00:29:38.040 slash Bannon,
00:29:38.680 or call 972-PATRIOT.
00:29:41.300 Get a free month
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00:29:44.260 So if you call in,
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00:29:47.980 That's PatriotMobile.com
00:29:49.440 slash Bannon
00:29:50.140 or call 972-PATRIOT.
00:29:53.820 Here's your host,
00:29:55.260 Stephen K. Bannon.
00:29:58.920 Okay.
00:30:00.700 Real quickly
00:30:01.540 before I bring Joe Allen
00:30:02.460 and folks in,
00:30:03.340 and this shows you
00:30:04.380 in our history,
00:30:05.580 there are strands
00:30:06.480 in our history
00:30:07.360 that connect
00:30:09.220 all the way through
00:30:09.940 from the founding
00:30:10.520 of this republic.
00:30:11.320 This is why we spend
00:30:12.020 so much time
00:30:12.560 on the revolutionary generation
00:30:13.940 and so much time
00:30:14.880 on the founding generation.
00:30:20.240 They're a little bit different.
00:30:22.960 Okay?
00:30:24.300 Not totally,
00:30:25.140 but a little bit.
00:30:26.720 But this fight
00:30:27.680 about America,
00:30:28.820 it goes all the way,
00:30:30.120 but when I say Andrew Jackson,
00:30:31.460 and some of our brightest students
00:30:33.040 in the war room
00:30:34.440 will go,
00:30:34.820 Andrew Jackson,
00:30:35.540 please explain.
00:30:37.980 So they had this issue
00:30:39.260 with tariffs
00:30:39.940 in Jackson's administration.
00:30:45.000 Jackson was a hardcore,
00:30:46.120 you know,
00:30:47.560 populist and economic nationalist.
00:30:49.240 He's the one
00:30:49.800 that was not a fan
00:30:52.340 of the Bank of the United States,
00:30:55.300 not a fan of central banks,
00:30:56.780 not a fan of New York City
00:30:58.620 and bankers overall.
00:31:00.700 Not a fan.
00:31:01.600 They were right down below,
00:31:04.400 they were one notch below
00:31:05.660 because he had many,
00:31:09.600 many confrontations
00:31:12.520 with the Indian nations.
00:31:16.980 All before the Battle of New Orleans
00:31:18.520 and most before
00:31:19.080 the Battle of New Orleans,
00:31:20.000 we became not just
00:31:20.960 a national hero,
00:31:21.740 but international hero
00:31:22.940 because the Battle of New Orleans
00:31:24.700 essentially ended
00:31:25.900 the Revolutionary War.
00:31:26.980 It was such a hammer blow
00:31:29.480 to the British
00:31:30.120 who were still
00:31:30.960 causing problems.
00:31:33.840 I asked Kurt Mills yesterday
00:31:35.240 between things,
00:31:36.280 I said,
00:31:36.580 who's the number one enemy thing?
00:31:37.900 He said MI6.
00:31:39.300 It goes back a long way,
00:31:40.500 right?
00:31:41.900 Jackson had a ruling.
00:31:42.840 In fact,
00:31:43.120 the engine room,
00:31:44.020 in the engine room,
00:31:44.960 the Arizona
00:31:45.680 department
00:31:47.900 in the engine room,
00:31:49.100 I'm not saying
00:31:49.780 it's the best,
00:31:50.580 but maybe the best.
00:31:51.520 They're pretty damn good.
00:31:53.320 They've got,
00:31:53.980 they've got,
00:31:54.960 they've already sent me a meme.
00:31:56.100 The Court of International Trade,
00:31:58.360 interesting ruling,
00:31:59.460 now enforce it.
00:32:01.260 This is what Jackson
00:32:02.100 told the courts
00:32:02.700 a couple of times
00:32:03.500 because this was
00:32:05.500 the forerunner
00:32:06.160 to the,
00:32:06.600 to the,
00:32:07.220 to the Civil War.
00:32:09.660 The landed aristocracy,
00:32:11.540 particularly down
00:32:12.180 in places like Charleston
00:32:13.400 in the,
00:32:14.680 in the,
00:32:15.120 in the folks
00:32:16.040 that depended
00:32:16.520 upon slave labor,
00:32:18.720 there were more
00:32:19.360 Bayonaires,
00:32:20.680 equivalent of Bayonaires,
00:32:21.920 there were more Bayonaires
00:32:22.780 in Charleston
00:32:23.620 in the local environs
00:32:25.120 at the start
00:32:26.400 of the Civil War
00:32:26.960 than any place
00:32:27.740 on earth.
00:32:29.520 The extraordinary wealth.
00:32:31.780 This is why
00:32:32.340 so many of the Scotch-Irish
00:32:33.600 in Appalachia,
00:32:35.420 particularly East Tennessee,
00:32:36.420 which never really
00:32:37.260 broke off
00:32:37.720 from the,
00:32:38.160 from the,
00:32:38.680 from the,
00:32:39.240 from the Union.
00:32:40.280 This is why
00:32:40.660 Andrew Johnson,
00:32:41.860 the running mate
00:32:42.540 of Lincoln,
00:32:43.480 the second term
00:32:44.120 came from there.
00:32:45.320 But the hard bit
00:32:46.440 in Scotch-Irish,
00:32:47.220 this is why
00:32:47.620 my beloved
00:32:48.180 Commonwealth of Virginia
00:32:49.460 had a big old
00:32:50.440 hunk taken out of it
00:32:51.560 because those,
00:32:52.980 those folks,
00:32:53.680 that born fighting crowd
00:32:54.800 up there
00:32:55.180 in the hills
00:32:55.700 and hollers
00:32:56.260 of West by God,
00:32:57.460 Virginia,
00:32:58.040 said,
00:32:58.420 nah,
00:32:58.780 we're not into the,
00:32:59.720 into the Tidewater
00:33:01.460 plantation owners,
00:33:02.520 not our deal.
00:33:04.600 Jackson basically said,
00:33:06.140 told the courts
00:33:06.740 when they ruled against him,
00:33:07.620 okay,
00:33:08.380 you enforce it.
00:33:09.920 We're,
00:33:10.220 we're going,
00:33:10.880 okay,
00:33:11.260 two,
00:33:11.480 two,
00:33:11.800 two things
00:33:12.340 to make sure
00:33:12.800 you keep in your mind,
00:33:14.040 right?
00:33:15.040 Number one,
00:33:15.740 we're hurtling down
00:33:16.640 towards,
00:33:17.440 where we're in,
00:33:18.300 I agree with
00:33:18.780 Rogan or Hanley,
00:33:20.080 we're in a
00:33:20.600 constitutional crisis
00:33:21.600 right now
00:33:22.300 because now,
00:33:23.400 I don't know,
00:33:23.960 you're up to 200
00:33:24.820 of these,
00:33:25.420 of these courts
00:33:26.520 and now you've got
00:33:27.420 the International Court
00:33:29.080 of Trade
00:33:29.700 coming in hard
00:33:30.840 on Trump
00:33:31.420 saying no,
00:33:32.180 no tariff,
00:33:33.140 no reorganization,
00:33:34.060 no reassuring.
00:33:35.860 The,
00:33:37.040 and you've,
00:33:37.660 so you've got that,
00:33:38.600 you've got the courts
00:33:39.280 on him being
00:33:39.880 commander-in-chief
00:33:40.680 and deporting
00:33:42.240 the,
00:33:42.560 the,
00:33:43.400 the,
00:33:43.740 the 13 million
00:33:45.220 illegal alien invaders.
00:33:46.580 The courts are
00:33:47.440 sitting there,
00:33:47.940 and I say,
00:33:48.420 hey,
00:33:48.580 on the first,
00:33:49.960 suspend the,
00:33:50.560 the,
00:33:51.060 the,
00:33:51.420 the writ of habeas corpus.
00:33:53.500 Suspend it.
00:33:54.200 Do what Lincoln did.
00:33:56.520 And Lincoln had a,
00:33:57.920 Lincoln had a harder argument,
00:34:00.280 ladies and gentlemen.
00:34:02.560 I was raised
00:34:03.560 in Richmond,
00:34:04.140 Virginia.
00:34:05.040 Born in Norfolk,
00:34:05.980 but raised in Richmond.
00:34:06.980 Hey,
00:34:07.280 when I was raised
00:34:08.100 as a young kid,
00:34:09.480 Lincoln is not,
00:34:11.320 let's say there's not
00:34:12.040 a lot of fans
00:34:12.920 in,
00:34:13.620 in,
00:34:14.000 in Richmond
00:34:14.660 for Lincoln.
00:34:16.780 But in looking
00:34:17.520 at his greatness,
00:34:18.240 he had a much,
00:34:19.140 much harder,
00:34:20.020 he was a warlord,
00:34:20.780 no doubt about it,
00:34:21.460 but he had a much harder
00:34:22.320 legal argument
00:34:24.220 because he couldn't say
00:34:26.020 the states were in rebellion.
00:34:27.940 Then he would basically,
00:34:29.300 he couldn't,
00:34:30.040 he could never admit
00:34:31.260 that the Confederacy
00:34:32.200 was a nation.
00:34:32.920 He couldn't admit
00:34:33.420 states were in rebellion.
00:34:34.520 There were just elements
00:34:35.340 in states
00:34:36.120 that were in rebellion.
00:34:37.660 This is this whole issue
00:34:40.100 about the Emancipation Proclamation.
00:34:42.240 Emancipation Proclamation
00:34:43.000 is just an executive order.
00:34:44.340 Like President Trump
00:34:44.980 signs every day,
00:34:45.740 you see those things?
00:34:47.480 And the day
00:34:48.040 a new administration
00:34:48.660 comes in,
00:34:49.300 they can throw them all out,
00:34:50.160 which Biden did,
00:34:50.820 and which we did.
00:34:51.780 We did twice.
00:34:52.540 First,
00:34:52.760 we threw all Obama's out.
00:34:54.420 Then Biden wrote
00:34:55.280 a bunch of them.
00:34:55.760 We threw all those out.
00:34:57.560 Or Biden threw all ours out.
00:34:58.780 And then we threw
00:34:59.460 all the Bidens out.
00:35:00.160 That's just an executive order.
00:35:01.280 That's what the Emancipation Proclamation
00:35:02.820 is,
00:35:03.120 just an executive order.
00:35:04.040 They knew it ran out
00:35:05.000 when Lincoln's term ran out.
00:35:09.420 And Lincoln told the judge,
00:35:11.260 hey,
00:35:11.700 on rid of habeas corpus,
00:35:13.240 hey,
00:35:13.500 you try to enforce it,
00:35:14.520 I'm going to put you in jail.
00:35:16.260 Boom.
00:35:16.920 Right between the eyes.
00:35:19.020 Andrew Jackson
00:35:19.760 said the exact same thing.
00:35:21.940 Hey,
00:35:22.180 enforce it.
00:35:23.440 Big shot courts,
00:35:25.060 enforce it.
00:35:27.180 We're coming down
00:35:28.160 to judicial supremacy.
00:35:29.520 And this is why
00:35:30.260 Harvard,
00:35:30.980 which grooms
00:35:33.080 all these radicals
00:35:34.760 because that's what's become
00:35:36.020 a festering sore
00:35:37.460 of radicalism.
00:35:38.300 Yes,
00:35:39.140 it's anti,
00:35:39.800 it's got anti-Semites there
00:35:41.220 and it's anti-Semitic
00:35:42.100 and they don't burn down.
00:35:42.920 But that,
00:35:43.500 I don't think that should be pushed.
00:35:44.980 It puts too much burden
00:35:45.900 on the Jewish kids.
00:35:47.480 It's far deeper than that.
00:35:48.880 They hate the United States.
00:35:50.220 They hate the Judeo-Christian West.
00:35:52.700 And this is where
00:35:53.340 they all come from.
00:35:54.980 And go to Harvard Law School
00:35:56.380 and go to Yale Law School.
00:35:58.780 And then they go
00:35:59.560 to the law firms
00:36:00.340 and these law firms
00:36:01.100 are all radicalized
00:36:02.360 and then they kick
00:36:03.700 a bunch of these guys
00:36:04.480 into the judiciary.
00:36:06.360 It's all
00:36:07.100 a piece of a whole cloth.
00:36:11.500 And President Trump,
00:36:13.160 he's saying,
00:36:13.740 and it's in partnership,
00:36:15.600 not with the United States
00:36:16.580 or America,
00:36:17.120 not with the citizens.
00:36:18.080 They don't give a damn
00:36:19.460 what you think
00:36:20.700 out there in Arkansas
00:36:21.800 or Nebraska
00:36:22.860 or Arizona
00:36:24.320 or Texas.
00:36:25.560 They could care less
00:36:26.640 about you.
00:36:27.260 You're just fodder.
00:36:29.240 And with AI,
00:36:30.240 you're going to become
00:36:30.840 a problem.
00:36:31.680 And trust me,
00:36:32.960 they're going to work
00:36:33.580 as hard as possible
00:36:34.520 to make sure
00:36:35.680 that there ain't
00:36:36.700 a lot of progeny around.
00:36:38.120 Okay?
00:36:39.100 Because you're just an issue.
00:36:40.160 They got to get down
00:36:40.820 to that 500 million
00:36:41.920 carrying capacity
00:36:43.180 that Jane Goodall,
00:36:44.020 she let it slip.
00:36:44.780 But I've heard
00:36:45.420 smarter people
00:36:47.080 than Jane Goodall
00:36:47.740 have told me
00:36:48.200 the exact same thing.
00:36:49.440 The carrying capacity
00:36:50.480 of the planet
00:36:51.020 is about 500 million.
00:36:52.180 Hmm, let me think.
00:36:53.480 If I added up
00:36:54.380 all the elites
00:36:54.940 of the world around things,
00:36:55.820 what did our number
00:36:56.260 come to?
00:36:56.760 500 million,
00:36:57.760 thereabouts.
00:36:58.640 Wow.
00:36:59.960 There are no coincidences.
00:37:01.860 You think that number
00:37:02.480 is just randomly
00:37:03.180 they just pulled it out?
00:37:08.500 They detest you.
00:37:09.840 You're a problem.
00:37:12.120 Look at Harvard
00:37:12.780 with 27 to 31%
00:37:15.220 are foreign students
00:37:16.240 and a bunch of those
00:37:16.980 being paid for
00:37:17.640 by you.
00:37:20.480 And the ones
00:37:21.140 from the Chinese Communist Party
00:37:22.340 are signed a document.
00:37:24.460 They got to be an agent.
00:37:25.360 We're the biggest supporters
00:37:27.680 of Lao Bajing
00:37:28.540 overthrowing these dudes.
00:37:29.880 But you don't do that
00:37:30.980 by allowing them
00:37:31.560 to get educated here
00:37:32.600 and all their elites.
00:37:34.680 Remember,
00:37:35.280 in the Chinese Communist Party,
00:37:36.360 this is how much
00:37:36.800 they love China
00:37:37.400 and the Chinese people.
00:37:38.380 Number one priority
00:37:39.320 is get,
00:37:40.140 steal as much cash
00:37:41.360 as possible
00:37:42.180 from Lao Bajing.
00:37:43.780 They make Congress
00:37:45.460 and the people here
00:37:46.160 look like pikers.
00:37:47.400 Take as much as possible
00:37:48.500 and the first thing
00:37:49.300 to do is get it
00:37:50.120 the hell out of China.
00:37:51.860 Let's get it
00:37:52.540 to Midtown Manhattan
00:37:53.380 real estate.
00:37:54.020 Let's get it
00:37:54.420 into the West End of London.
00:37:56.300 Let's be buying
00:37:57.000 some of these stocks.
00:37:58.100 Let's get this
00:37:58.620 into these private equity funds.
00:38:00.480 But get it out of here
00:38:01.580 because we have
00:38:02.780 no earthly idea
00:38:03.400 what's going to happen
00:38:04.100 and Lao Bajing
00:38:04.840 can get a little surly.
00:38:06.840 Maybe they overthrow us.
00:38:08.400 Number one.
00:38:08.840 Number two
00:38:09.160 is get their kids out
00:38:10.480 and get them educated
00:38:12.020 in the West.
00:38:14.480 President Trump
00:38:15.120 dropping the hammer
00:38:15.820 last night
00:38:16.300 and on the chips
00:38:17.000 and hey,
00:38:17.540 guess what?
00:38:19.040 The chips may be
00:38:20.300 and I've argued
00:38:20.960 you got to watch it.
00:38:21.560 The chips may be,
00:38:22.740 the advanced chips
00:38:23.440 may be the equivalent
00:38:24.580 of oil
00:38:25.220 in July and August 1941.
00:38:29.460 And we know
00:38:30.260 what happened there.
00:38:31.720 When we put the embargo
00:38:32.980 on them
00:38:33.480 and they had some
00:38:34.620 hardcore guys
00:38:36.040 in FDR's administration,
00:38:38.640 when they put that,
00:38:39.260 when they stopped
00:38:40.420 all oil shipments
00:38:41.480 and all fuel
00:38:43.360 and energy
00:38:44.980 to Japan,
00:38:46.040 they immediately,
00:38:46.640 they had been planning
00:38:47.520 on Pearl Harbor
00:38:48.420 forever.
00:38:49.280 They had the sneak attack
00:38:50.660 in 1905
00:38:52.780 that they always celebrate.
00:38:54.420 Port Arthur,
00:38:55.000 I think it was,
00:38:55.380 a sneak attack
00:38:56.080 on the Russians.
00:38:58.460 Hell,
00:38:58.800 they got,
00:38:59.120 they got,
00:38:59.560 they got,
00:39:00.160 they got,
00:39:01.020 during Pancho Villa,
00:39:03.300 when Pershing
00:39:03.860 went down to Pancho Villa
00:39:04.840 on the expedition,
00:39:05.660 I think in 1911.
00:39:07.180 You had the Japanese
00:39:07.980 down there then
00:39:08.800 talking to Pancho Villa
00:39:09.820 and these guys
00:39:10.340 about giving them money
00:39:11.300 and guns and arms
00:39:12.320 and hey,
00:39:12.940 we want to tie up
00:39:13.820 the United States
00:39:14.380 on the southern border.
00:39:15.180 We want to infiltrate.
00:39:16.780 These guys had
00:39:17.580 a big league strategic plan
00:39:19.180 and they were executing on it.
00:39:20.580 As soon as it came from oil,
00:39:21.640 guess what they did?
00:39:22.340 Okay,
00:39:22.720 let's kick in the plan
00:39:24.360 on Tora,
00:39:25.880 Tora,
00:39:26.160 Tora.
00:39:26.460 Let's go,
00:39:27.260 we're going to take down
00:39:28.080 Pearl Harbor
00:39:28.660 and the foreign devils
00:39:29.760 are gutless,
00:39:30.620 soft,
00:39:31.440 and they ain't going to fight.
00:39:34.280 Hitler and Tojo
00:39:35.820 made a couple of bad bets there.
00:39:38.220 Right?
00:39:38.420 Greatest generation,
00:39:40.480 you know,
00:39:41.540 got,
00:39:42.040 responded to the call to arms.
00:39:43.960 That's kind of
00:39:46.120 where we are today.
00:39:48.080 Jillian Tett
00:39:48.960 over the Financial Times
00:39:50.940 of London,
00:39:51.300 if we can put that up,
00:39:52.560 she,
00:39:52.660 she,
00:39:53.280 the first time
00:39:54.440 I've seen
00:39:55.280 a piece like this
00:39:56.700 in any major newspaper,
00:39:57.780 my beloved Financial Times
00:39:58.860 of London,
00:39:59.600 she talks about,
00:40:00.560 wait for it,
00:40:01.000 geoeconomics.
00:40:02.400 You heard that term before?
00:40:04.180 She talks about
00:40:05.160 the inner,
00:40:06.080 the inner relationships
00:40:07.220 of national security,
00:40:10.060 trade,
00:40:10.480 and finance.
00:40:11.220 Hello?
00:40:11.480 That's what we preach
00:40:13.540 every day here on War Room.
00:40:15.720 You,
00:40:16.260 a working class audience,
00:40:17.400 a middle class audience,
00:40:18.300 you are so far up
00:40:19.420 the learning curve
00:40:20.060 on these people.
00:40:22.060 So far up the learning curve.
00:40:23.900 Remember,
00:40:24.300 we had Westbury
00:40:24.740 the other day
00:40:25.100 who's fantastic.
00:40:26.580 He goes back
00:40:27.180 and starts telling
00:40:27.640 about the balance sheet
00:40:28.520 of the Federal Reserve
00:40:29.840 back and thing.
00:40:30.400 You guys have heard
00:40:31.080 that a million times,
00:40:32.020 but he's shocked.
00:40:32.920 They don't think
00:40:33.620 anybody knows this stuff.
00:40:35.220 You know it.
00:40:35.980 That's why you're
00:40:36.480 such a powerful
00:40:37.140 political force.
00:40:38.660 And that's why
00:40:40.160 over the next,
00:40:41.020 I don't know,
00:40:41.700 90 days,
00:40:42.440 there's some tough decisions
00:40:43.480 that's got to be made
00:40:44.080 on the spending,
00:40:46.280 the big,
00:40:46.640 beautiful bill,
00:40:47.380 the bond market,
00:40:48.900 the,
00:40:49.000 you know,
00:40:50.460 there's a big article
00:40:51.100 that Trump's going to
00:40:51.720 lose his base
00:40:52.280 over this Russia thing,
00:40:54.080 right?
00:40:54.400 Putin,
00:40:55.000 you know,
00:40:55.640 still acting,
00:40:57.460 trying to take down
00:40:58.880 militarily Ukraine.
00:41:00.400 They're slugging it out
00:41:01.500 using,
00:41:02.120 guess what?
00:41:02.780 Wait for it,
00:41:03.400 artificial intelligence
00:41:04.480 coupled with drones.
00:41:07.340 Drones,
00:41:07.640 just a mechanism.
00:41:08.380 Artificial intelligence,
00:41:09.720 target acquisition
00:41:10.540 and fire control solutions
00:41:11.860 like that they can't
00:41:14.480 defend against.
00:41:17.580 So this summer,
00:41:19.500 the 15th of June
00:41:20.840 is the 10th year
00:41:21.860 of President Trump
00:41:22.600 coming down
00:41:23.340 the golden escalator.
00:41:27.120 That is a preamble.
00:41:29.400 10 years in the making
00:41:31.160 is a preamble
00:41:32.280 to what happens next.
00:41:34.640 And what happens next
00:41:35.940 anchors
00:41:38.040 is President Trump's
00:41:40.100 historical significance.
00:41:42.900 Yes,
00:41:43.260 the first term,
00:41:44.280 come from behind,
00:41:44.960 beat Hillary,
00:41:45.540 stop the globalists,
00:41:46.380 first term,
00:41:47.060 get the judges in,
00:41:48.360 fight,
00:41:48.980 fight,
00:41:49.340 fight against
00:41:49.880 these globalists,
00:41:50.720 then have the election
00:41:51.600 stolen,
00:41:52.360 then not retreat,
00:41:53.820 not give up,
00:41:54.460 but come back
00:41:55.040 like a hero
00:41:56.100 from ancient times
00:41:59.600 like mythology
00:42:00.280 to come back
00:42:01.160 and say,
00:42:02.040 I don't care
00:42:02.440 what they do,
00:42:03.000 but I'm going to
00:42:03.520 come back
00:42:03.900 and lead this nation
00:42:04.740 back and now
00:42:06.200 to get back here
00:42:07.080 and fight
00:42:08.700 on all fronts
00:42:09.420 and I might say
00:42:11.480 the one that we're
00:42:12.280 probably making
00:42:12.880 the least progress on
00:42:13.960 is maybe the one
00:42:15.180 that's most important
00:42:15.980 for his legacy
00:42:17.840 and that is taking
00:42:18.780 down the deep state
00:42:19.700 because the deep state,
00:42:21.120 these judges
00:42:22.640 are just the action,
00:42:24.440 they're the special
00:42:25.020 forces of the deep state.
00:42:26.460 And these folks
00:42:28.980 on MSNBC
00:42:29.960 and the New York Times,
00:42:31.820 hey,
00:42:32.800 enforce it.
00:42:34.140 This whole thing
00:42:34.960 of judicial supremacy,
00:42:36.440 like where did
00:42:37.160 this come from?
00:42:38.360 You're not supreme.
00:42:39.540 These radical judges,
00:42:40.800 you're not,
00:42:41.400 you're not over
00:42:43.020 the executive branch.
00:42:44.680 The president
00:42:45.620 of the United States,
00:42:46.540 the inherent powers
00:42:47.840 of the executive branch,
00:42:49.220 first off,
00:42:49.600 the stated powers
00:42:50.500 in Article 2,
00:42:52.380 chief executive officer
00:42:53.580 of the government,
00:42:55.560 commander in chief
00:42:56.300 of the armed forces
00:42:57.160 and chief magistrate
00:42:58.520 and chief law
00:42:59.360 enforcement officer,
00:43:00.180 those three,
00:43:00.780 that's the office
00:43:01.340 of the president.
00:43:02.980 That's the office
00:43:03.900 and implied in that,
00:43:05.820 particularly in the
00:43:06.480 commander in chief role,
00:43:08.780 right,
00:43:10.660 as Lincoln argued,
00:43:13.220 the inherent powers
00:43:14.980 are enormous
00:43:17.100 and this is the fight
00:43:20.140 we're going to have.
00:43:21.500 The Harvard,
00:43:23.080 the law firms
00:43:24.060 and these radical judges,
00:43:25.300 they're all different
00:43:26.640 aspects of the same thing.
00:43:28.800 The special forces
00:43:29.920 of the deep state
00:43:31.580 and the globalist
00:43:32.460 to keep you
00:43:34.260 in your place
00:43:35.100 and we ain't going
00:43:35.660 to be kept in our place.
00:43:37.120 We've fought too long
00:43:38.260 and hard to get back here.
00:43:40.140 Short commercial break.
00:43:41.100 What if he had
00:43:54.360 the brightest mind
00:43:55.320 in the war room
00:43:56.120 delivering critical
00:43:57.260 financial research
00:43:58.380 every month?
00:44:00.020 Steve Bannon here.
00:44:01.040 War room listeners
00:44:01.660 know Jim Rickards.
00:44:02.720 I love this guy.
00:44:04.180 He's our wise man,
00:44:05.160 a former CIA,
00:44:06.320 Pentagon,
00:44:06.780 and White House advisor
00:44:07.700 with an unmatched grasp
00:44:09.380 of geopolitics
00:44:10.360 and capital markets.
00:44:11.800 Jim predicted
00:44:12.380 Trump's electoral college
00:44:13.520 victory exactly
00:44:14.860 312 to 226,
00:44:17.760 down to the actual
00:44:19.260 number itself.
00:44:21.160 Now he's issuing
00:44:22.000 a dire warning
00:44:22.860 about April 11th,
00:44:24.400 a moment that could
00:44:25.280 define Trump's presidency
00:44:26.620 in your financial future.
00:44:28.200 His latest book,
00:44:30.140 Money GPT,
00:44:31.180 exposes how AI
00:44:32.300 is setting the stage
00:44:33.300 for financial chaos,
00:44:34.780 bank runs at lightning speeds,
00:44:36.560 algorithm-driven crashes,
00:44:38.400 and even threats
00:44:39.400 to national security.
00:44:40.420 Right now,
00:44:41.060 war room members
00:44:41.660 get a free copy
00:44:42.700 of Money GPT
00:44:44.320 when they sign up
00:44:45.280 for Strategic Intelligence.
00:44:47.020 This is Jim's flagship
00:44:48.260 financial newsletter,
00:44:50.180 Strategic Intelligence.
00:44:51.820 I read it.
00:44:52.880 You should read it.
00:44:53.920 Time is running out.
00:44:54.840 Go to RickardsWarRoom.com.
00:44:56.680 That's all one word,
00:44:57.480 RickardsWarRoom,
00:44:58.580 Rickards with an S.
00:45:00.060 Go now and claim
00:45:01.500 your free book.
00:45:02.520 That's RickardsWarRoom.com.
00:45:05.060 Do it today.
00:45:06.680 Intelligence,
00:45:07.320 key theme here in Davos.
00:45:08.780 And first,
00:45:09.440 right here on CNBC
00:45:10.280 is Anthropics co-founder
00:45:11.500 and CEO,
00:45:12.280 Dario Moj.
00:45:12.760 AGI has never been
00:45:13.940 a well-defined term for me.
00:45:15.380 I've always thought of it
00:45:16.080 as a marketing term,
00:45:17.220 but the way I think about it
00:45:19.640 is at some point
00:45:20.460 we're going to get
00:45:21.000 to AI systems
00:45:21.960 that are better
00:45:22.980 than almost all humans
00:45:24.280 at almost all tasks.
00:45:25.540 The term I've used for it
00:45:26.800 in an essay I recently wrote
00:45:28.360 is a country of geniuses
00:45:29.940 in a data center trajectory.
00:45:31.060 One of the things
00:45:31.620 that you've done
00:45:32.120 that I think is remarkable
00:45:32.960 is you have effectively taught,
00:45:34.780 or maybe it's taught itself,
00:45:36.780 effectively how to use a computer,
00:45:38.440 meaning effectively
00:45:39.060 it can go and use a mouse
00:45:40.720 and find the things
00:45:42.140 that it needs to go off and do.
00:45:44.240 How game-changing is that?
00:45:46.820 Yeah.
00:45:47.260 So the way I think
00:45:49.200 of computer use,
00:45:50.260 which is what we call
00:45:50.880 that capability,
00:45:51.960 is I think of it
00:45:53.200 as the first step
00:45:54.120 towards a broader vision.
00:45:55.760 And the idea is that
00:45:56.940 that would be an agent
00:45:58.860 that operates on your computer,
00:46:02.340 on a computer,
00:46:03.260 might operate at work,
00:46:04.940 and you can give it tasks.
00:46:06.320 You can say,
00:46:06.960 you know,
00:46:07.540 write this feature
00:46:09.200 for this app.
00:46:10.580 So over the next year,
00:46:12.720 we're going to be
00:46:13.520 gradually putting out
00:46:14.640 the pieces of this vision.
00:46:16.820 And along with that,
00:46:18.080 you know,
00:46:18.260 making sure it's safe
00:46:19.280 and controllable
00:46:20.980 and all of those things.
00:46:23.200 And I think you will talk
00:46:24.000 to Chachipiti
00:46:24.640 over the course of your life
00:46:25.960 at some day,
00:46:27.060 maybe if you want,
00:46:27.940 it'll be listening to you
00:46:30.220 throughout the day
00:46:30.820 and sort of observing
00:46:31.780 what you're doing.
00:46:32.680 And it'll get to know you.
00:46:34.020 And it'll become
00:46:34.700 this extension of yourself,
00:46:37.020 this companion,
00:46:37.740 this thing that just tries
00:46:38.820 to like help you
00:46:39.680 be the best,
00:46:40.560 do the best you can.
00:46:41.440 And Yoshua Bengio,
00:46:42.820 when he spoke here,
00:46:44.200 said that agentic AI
00:46:45.940 is the thing
00:46:46.480 to pay attention to.
00:46:47.400 This is when everything
00:46:48.560 could go wrong
00:46:49.240 as we give power to AI
00:46:50.840 to go out onto the internet
00:46:52.700 to do stuff.
00:46:53.980 I mean,
00:46:54.180 going out onto the internet
00:46:55.340 was always,
00:46:56.020 in the sci-fi stories,
00:46:57.140 the moment where,
00:46:58.300 you know,
00:46:58.720 escape happened
00:46:59.620 and potential things
00:47:01.520 could go horribly wrong.
00:47:03.140 How the fear
00:47:04.140 is totally rational,
00:47:05.820 the sort of,
00:47:06.360 the anxiety
00:47:06.860 is totally rational.
00:47:07.860 We all have a lot of it too.
00:47:09.660 But A,
00:47:11.520 there will be
00:47:12.060 tremendous upside.
00:47:13.780 B,
00:47:15.100 I really believe
00:47:15.900 that society figures out
00:47:17.220 over time
00:47:18.100 with some big mistakes
00:47:19.600 along the way
00:47:20.140 how to get technology right
00:47:21.720 and C,
00:47:23.040 this is going to happen.
00:47:24.560 This is like a discovery
00:47:25.560 of fundamental physics
00:47:26.520 that the world now knows about
00:47:27.880 and it's going to be
00:47:29.240 part of our world.
00:47:30.040 Is it O'Neill
00:47:33.680 that wrote technology
00:47:34.660 in the West?
00:47:35.420 I have to look at it.
00:47:36.080 I think technology,
00:47:36.980 when it first comes on,
00:47:37.920 always looks for
00:47:38.580 human nature
00:47:40.080 being what it is,
00:47:41.020 folks.
00:47:41.720 I think it all looks
00:47:42.500 for a military application.
00:47:44.180 Joe Allen,
00:47:45.860 brother,
00:47:46.600 we got to talk about
00:47:47.640 this coming,
00:47:49.320 it's not coming,
00:47:50.040 it's here now,
00:47:51.100 the white collar job
00:47:52.080 apocalypse.
00:47:53.380 We're going to get into that.
00:47:54.420 that either
00:47:55.480 listeners to the show
00:47:57.920 or viewers of the show,
00:47:59.780 plus if you're a little older,
00:48:01.860 if you've got kids,
00:48:03.740 this under 35
00:48:04.640 is about to get eviscerated.
00:48:06.240 Write this down.
00:48:07.860 As sure as the,
00:48:08.960 and the accelerationists
00:48:10.840 and what it's going to be upside for,
00:48:13.160 besides maybe you getting
00:48:14.840 to crib quicker,
00:48:16.480 right,
00:48:17.200 for your job,
00:48:19.120 is going to be
00:48:20.220 the working class
00:48:21.160 and the middle class
00:48:21.840 in this country.
00:48:22.380 The accelerationists
00:48:23.340 are going to accrete
00:48:24.060 all the value to them.
00:48:27.520 Joe Allen,
00:48:28.140 your thoughts
00:48:28.620 and observations,
00:48:29.840 brother.
00:48:31.920 Morning, Steve.
00:48:32.940 Thank you for having me.
00:48:34.460 You know,
00:48:35.100 we talk a lot
00:48:36.060 on the War Room
00:48:37.220 about cultivating
00:48:38.460 human agency.
00:48:40.380 How do you give
00:48:41.220 American people,
00:48:42.800 especially working class people,
00:48:44.540 how do you give them agency
00:48:46.320 or better put,
00:48:48.600 how do you encourage them
00:48:50.280 to use their agency?
00:48:53.120 Well,
00:48:53.460 in these top tech companies
00:48:55.360 from OpenAI
00:48:56.380 to Oracle,
00:48:58.460 Microsoft,
00:48:59.620 XAI,
00:49:01.340 SoftBank,
00:49:02.100 all of these companies,
00:49:03.400 they're talking about
00:49:04.660 how to give
00:49:05.680 computers agency.
00:49:08.220 How do you turn
00:49:09.260 an AI
00:49:10.060 that typically
00:49:11.340 would need a human
00:49:12.400 to constantly prompt it
00:49:14.180 to act?
00:49:15.340 How do you give
00:49:16.860 an AI agency
00:49:18.260 to go out
00:49:19.140 and act in the world?
00:49:20.160 You heard there
00:49:21.260 Anthropics CEO,
00:49:23.340 Dario Amadei.
00:49:24.520 You heard
00:49:25.160 OpenAI's CEO,
00:49:27.100 Sam Altman,
00:49:27.980 talking about
00:49:28.840 the next wave
00:49:29.900 of AI
00:49:30.560 being
00:49:31.220 agentic AI,
00:49:33.520 AI as agent,
00:49:34.980 an AI
00:49:35.460 that can
00:49:36.560 watch
00:49:37.460 everything
00:49:38.140 that you do
00:49:38.780 on your computer,
00:49:40.620 an AI that,
00:49:41.680 as Sam Altman says,
00:49:42.900 comes to know you,
00:49:44.040 perhaps comes to know you
00:49:45.120 better than you know yourself,
00:49:46.560 and is able
00:49:48.400 to actually go out
00:49:49.660 onto the internet
00:49:50.460 and act
00:49:51.920 on your behalf.
00:49:53.880 Most people
00:49:54.600 would call that
00:49:55.400 a dystopian nightmare.
00:49:56.860 Most people
00:49:57.280 would call that
00:49:57.760 a recipe
00:49:58.200 for creating
00:49:59.640 mush-brained
00:50:00.560 human AI symbiotes,
00:50:02.840 basically cyborg
00:50:03.780 pajama boys
00:50:04.780 who just sit around
00:50:06.220 waiting,
00:50:07.140 you know,
00:50:07.320 asking computer
00:50:08.340 to send them
00:50:09.180 a new pack of PJs
00:50:10.540 and a box of cocoa.
00:50:12.140 But for these guys,
00:50:13.660 it is,
00:50:14.740 first and foremost,
00:50:15.660 a way to monitor you,
00:50:18.520 it is a way
00:50:19.200 to control you,
00:50:21.000 and ultimately,
00:50:22.140 it's a way
00:50:22.640 to replace you.
00:50:24.440 They are billing it,
00:50:25.720 and perhaps even
00:50:26.440 in their own minds
00:50:27.380 somewhere,
00:50:27.940 they say this is a way
00:50:29.040 to empower you
00:50:30.340 or help you.
00:50:31.740 But ultimately,
00:50:32.900 you look back
00:50:33.740 at the history
00:50:34.580 of technology,
00:50:35.380 especially digital technology
00:50:36.780 and surveillance technology,
00:50:38.540 it hasn't empowered
00:50:39.820 anyone except for
00:50:40.900 those who create it
00:50:41.960 and deploy it.
00:50:43.040 okay,
00:50:47.000 everybody,
00:50:48.960 remove
00:50:49.620 number two
00:50:50.420 pencil
00:50:50.820 from the number
00:50:52.340 two pencil holder.
00:50:54.380 Take out notebook
00:50:55.320 and write down
00:50:56.840 the following,
00:50:57.800 we're big in nomenclature,
00:51:00.160 agentic,
00:51:01.480 define agentic again,
00:51:03.100 it's so genius,
00:51:04.260 define agentic again,
00:51:05.900 sir.
00:51:06.140 Right now,
00:51:09.240 in the kind of
00:51:10.280 embryonic phase
00:51:11.740 of this,
00:51:12.940 agentic AI
00:51:13.720 is a chatbot
00:51:16.120 like,
00:51:17.180 say,
00:51:17.620 GPT.
00:51:18.960 The model
00:51:19.940 that OpenAI
00:51:20.520 uses is operator,
00:51:22.320 and it goes out
00:51:24.640 onto the internet
00:51:25.260 and just does things
00:51:26.280 for you,
00:51:26.780 like fills out forms
00:51:27.880 or does your shopping,
00:51:29.580 maybe it can respond
00:51:31.040 to emails
00:51:31.660 without you
00:51:32.320 being there,
00:51:33.080 these sorts of things,
00:51:34.040 right?
00:51:34.900 It's supposed to be
00:51:36.100 a convenience.
00:51:36.900 Agentic AI
00:51:37.620 is an AI
00:51:38.740 that can act
00:51:40.060 of its own accord.
00:51:41.460 You send it out
00:51:42.320 like a little genie
00:51:43.660 to do your bidding
00:51:45.240 for you.
00:51:46.580 Now,
00:51:46.980 ultimately,
00:51:48.040 even the people
00:51:49.040 creating this
00:51:50.140 talk in terms
00:51:51.040 of its danger,
00:51:52.660 both an AI
00:51:53.980 going rogue
00:51:54.880 and doing
00:51:55.980 what it wants to do
00:51:57.100 and having the power
00:51:57.940 to do so
00:51:58.500 out on the internet,
00:51:59.320 but maybe
00:51:59.940 most importantly,
00:52:01.400 I think the biggest danger
00:52:02.540 is a human being
00:52:03.880 creating something
00:52:05.480 like this
00:52:06.180 and sending it out
00:52:07.500 to do things,
00:52:08.660 even sending it out
00:52:10.140 as you.
00:52:12.020 It's transforming,
00:52:13.460 hang on,
00:52:13.800 it's transferring
00:52:14.520 your human agency
00:52:15.880 to a digital avatar
00:52:19.040 that's going to be,
00:52:20.880 you're giving,
00:52:21.540 that's why it's agentic,
00:52:22.760 you're giving it
00:52:23.520 your agency,
00:52:24.860 and once it's got
00:52:25.540 your agency,
00:52:26.380 baby,
00:52:26.780 it's off and running.
00:52:27.580 Anyway,
00:52:27.860 we'll come back.
00:52:29.480 We've got Brian Costello,
00:52:30.720 we've got Joe Allen,
00:52:33.580 Dan Epstein
00:52:34.620 is going to join us,
00:52:35.780 one of the smartest brains
00:52:37.060 out there about this tariff.
00:52:38.220 We're doing it all
00:52:39.040 today in the war room.
00:52:42.080 Kind of a strategy session.
00:52:43.960 I guess it's a
00:52:44.800 information session
00:52:45.920 before strategy session.
00:52:47.260 How's that sound?
00:52:48.300 The tip
00:52:48.900 of the tip
00:52:50.060 of the spear
00:52:50.820 is ready for action
00:52:52.100 here in the war room.
00:52:54.120 We're going to leave you
00:52:54.780 with the right stuff
00:52:55.600 and we are back
00:52:56.700 I think in 120 seconds.
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