Bannon's War Room - Episode 4520： And Then They Came For The Tariffs

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 0.99

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, 1.00

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. 0.97

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 0.83

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 0.70

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 1.00

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, 0.87

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 0.95

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. 0.84

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. 0.98

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 0.59

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! 1.00

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. 1.00

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. 1.00

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. 0.63

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 0.98

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 1.00

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. 0.77

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. 1.00

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.

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00:29:23.240 Best of all,

00:29:24.020 switching to Patriot Mobile

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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

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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 0.99

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. 0.94

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 0.97

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. 0.67

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 0.98

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. 1.00

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 1.00

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 1.00

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 0.81

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. 0.90

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, 0.92

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.

00:53:00.720 You missed

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Bannon's War Room - May 29, 2025

Episode 4520： And Then They Came For The Tariffs

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