Bannon's War Room - October 29, 2025


Episode 4886： Phase One Of Unmasking The Never Trumpers; Are We Prepared For A Massive Conflict


Episode Stats


Length

54 minutes

Words per minute

160.88841

Word count

8,695

Sentence count

596

Harmful content

Misogyny

12

sentences flagged

Hate speech

22

sentences flagged


Summary

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

Learn English with CNN's Chief Political Commentator John Berman. CNN's John Berman joins CNN's Jake Tapper to discuss the latest in the 2020 Democratic primary battle, and how CNN s own John Berman is fighting back in court against Democratic challenger Kamala Harris.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 I want to go back through the three phases. Number one is 5 November. All that matters right now
00:00:06.400 in places like Pennsylvania and in Michigan and in Wisconsin, Nevada, Arizona, Georgia,
00:00:12.680 North Carolina, obviously other states, but these seven battleground states is to deliver
00:00:17.500 something that takes us to where Ohio and Florida are today. We have to put this beyond
00:00:24.080 their ability to steal it because don't think for a second by hiring Mark Elias and the gang of thugs
00:00:32.320 around him that they don't look at phase two. They understand she can't. Kamala Harris, it's
00:00:38.360 impossible for her to generate any enthusiasm. Number one, what she had to do was to focus on
00:00:45.540 one thing and drive the narrative. Her politics of joy was too ill-defined. She didn't do it. 1.00
00:00:50.940 So what did they do last week? They pivoted. Tonight falls on America. This is a fascist movement
00:00:58.720 that the people that supported are equivalent to the American, the American German Bund in the 1930s.
00:01:08.060 That is a bald faced lie and it's a dangerous lie. So number one, on November 5th, we have to crush
00:01:15.600 them at the ballot box. And there's only one way to do that. The commercials aren't going to do it.
00:01:21.000 Only thing that's going to do it is you're putting your shoulder to the wheel. The hard work of
00:01:25.900 walking precincts, the hard work of working phone banks, the hard work of texting nonstop. And we
00:01:32.060 have to put in superhuman efforts to support the Elon Musk of the world, to support the Charlie
00:01:38.540 Kirks of the world, to support the other organizations that are out there doing this.
00:01:42.280 Victory is at hand that you can see the collapse of this kind of phony campaign by Kamala Harris, 0.99
00:01:50.360 the politics of joy, right? And she had nothing to back it up whatsoever. And you could see the
00:01:57.240 beginning in the polls start to come our way. I'm very proud that the war room has had President Trump's
00:02:04.840 back and particularly has been the platform for the grassroots movement to have their voice heard.
00:02:11.480 And I said at that time that with the hard work of the get out the vote effort and the election
00:02:17.240 integrity effort that we were on the cusp of having an incredible, incredible victory that could
00:02:25.080 actually be a potential landslide. Now we come to the day and I'm finally out of being a political
00:02:32.200 prisoner by the Merrick Garland, Kamala Harris, Nancy Pelosi regime. Okay. For standing up for my
00:02:43.160 political beliefs against an illegitimate committee in the house that did not have a ranking member.
00:02:51.000 It did not have minority counsel. I went to a federal prison for four months. Now, Nancy Pelosi
00:02:57.080 and Kamala Harris and Merrick Garland thought they were going to do two things. Number one,
00:03:03.080 they were going to shut down the war room and not have that as a voice for the grassroots movement
00:03:08.840 of MAGA in this country. Number two, break me. Well, I think you can see today I'm far from broken. I've
00:03:15.560 been empowered by my four months at Danbury federal prison. He thought they would shut down the war room
00:03:24.600 and take our power away. The show is bigger and more powerful than it's ever been. And please,
00:03:30.520 it's not a podcast. We take the live streaming television show every day in the radio show and
00:03:35.960 we turn it into a podcast. So, uh, my brothers and sisters at CNN, when you say the podcast number is
00:03:43.720 off slightly, right? It has it. We were the largest podcast, but we're streaming where we stream on
00:03:51.560 television and we play on radio and online. And Nancy Pelosi thought a federal prison 0.95
00:04:01.880 was going to break me. Well, it empowered me. It empowered me.
00:04:06.920 I am more empowered today, more focused today, sharper today, in better shape today than I've
00:04:18.440 ever been in my entire life. So Nancy Pelosi suck on that. Number two, and we're going to have 1.00
00:04:27.080 hopefully Mike Davis and Boris Epstein and Bill McGinley, three of the prominent leaders in the
00:04:32.120 legal effort to combat Mark Elias. They are signaling you right now, what they're going to do
00:04:39.240 every day with you. See, Oh, we're going to delay. We can't count the vote for seven days. We
00:04:43.880 got, we're going to take mail-in ballots five days later, every day after November, the evening of
00:04:49.720 November 5th is going to be Stalingrad where Mark Elias is in court and they're going to do this to slow
00:04:55.080 it down. If they can't, if they can't take it away from Trump, if they can't nullify it right there,
00:05:03.240 they can't nullify it right there. They want to at least delegitimize his victory. Remember,
00:05:09.720 Jamie Raskin is out there dovetailing off of Nancy Pelosi's interview in the Rolling Stone,
00:05:16.840 where she says, I only have one purpose in my life. My purpose is to make sure that Donald Trump is never
00:05:22.680 reelected president of the United States and he never sets foot into the white house again.
00:05:28.520 And Jamie Raskin has been very upfront. If they take the house, even by a single
00:05:35.800 vote, 218 to 217, what they will do is sit there and say that Trump is an insurrectionist that,
00:05:44.120 hey, Bannon and Vardy went to prison. Trump's been indicted. He's an insurrectionist and he cannot,
00:05:50.280 he cannot take the office of the presidency. All that's in front of us.
00:05:54.200 The desperation of Kamala Harris and in her campaign is obvious. They went from the politics
00:06:01.480 of joy and we were the first ones to call it to darkness and night falls on America and they
00:06:07.720 pivoted hard. You know why? Her incoherent explanation for what the politics of joy is 0.99
00:06:16.760 befuddled everybody. So she had to go back to the same playbook. Trump's a fascist. His followers
00:06:24.200 are not deplorables. They're fascist, that they're a danger to the country. Well, you know who doesn't
00:06:29.720 buy this? Working class people don't buy it. And particularly African-American and Hispanic men
00:06:38.440 do not buy it. And I will tell you, if President Trump's grassroots forces combine as we can combine
00:06:46.920 right now, you're going to see unbelievable numbers next Tuesday. However, the Democrats are not going
00:06:54.520 to give up. They just hired Mark Elias and you only hire Mark Elias, who I think is the toughest
00:07:02.040 election lawyer in the country. You only hire Mark Elias when you want to go to the mattresses.
00:07:09.400 They understand they can't beat us at the ballot box. We're going to have a reprise of 2020,
00:07:15.560 where they're going to try to do everything humanly possible to nullify and nullify Trump's election
00:07:23.080 and delegitimize his second term. And I can tell you right now that the working class people in this 1.00
00:07:30.360 country, the middle class people in this country that support Donald John Trump are not going to
00:07:37.240 let that happen. Take out your number two pencil and write this down. This show has never been more
00:07:42.120 powerful. The voices behind it have never been more powerful. The audience has never been more
00:07:47.000 powerful. And we're going to deliver a knockout blow to your progressive insanity on 5 November.
00:07:54.120 And then we're going to secure the deal after that. And number two,
00:07:57.880 the four months in federal prison not only didn't break me, it empowered me.
00:08:02.920 I am more energized and more focused than I've ever been in my entire life. And I can see clearly,
00:08:08.520 just like in 2016 and in 2020, exactly what's going on here and what we have to do to defeat it.
00:08:15.880 This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on
00:08:26.840 these people. Here's the time I got a free shot at all these networks lying about the people. The
00:08:33.000 people have had a belly full of it. I know you don't like hearing that. I know you've tried to do
00:08:37.000 everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do
00:08:40.600 people like that go to share the big line? Mega media. I wish in my soul, I wish that any of these
00:08:48.360 people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer
00:08:55.480 is to save my country, this country will be saved. War Room. Here's your host, Stephen K. Bannon.
00:09:09.160 It's Wednesday, 29 October in the year of our Lord 2025. So it went 3am. I've got that on top of my
00:09:15.480 getter account. I've had it there ever since the photo was taken. That's Mo Bannon greeting me at
00:09:24.120 Danbury when I come through the wire on my first day out. Welcome to the war. Boy,
00:09:32.760 that was pretty prescient, wasn't it? You guys did a pretty good job. Of course, on the 29th of
00:09:40.280 September, the only thing I put out the entire time I was at Danbury because, you know, people
00:09:45.320 would interview me, all that. I'm not going to do that. Don't have time for that crap. You got to be
00:09:51.160 focused in, and I got to thank Seagal Chata and Grace and Mo and Boris and everybody that I was
00:10:00.840 able to communicate with every day through our own coded language on the computer there. And you
00:10:07.080 only get so much time on the computer and then you got to know other people because only a couple of
00:10:11.400 computers for every cell block to get the word out. I sent on the 29th of September, I think it was,
00:10:20.280 so it was a month before this. I think it was the 29th of September, and Raheem was nice enough to put
00:10:27.720 it up at the National Pulse and it went viral after that. And I said, look, this race is over. If we execute, 0.81
00:10:33.240 the strategy's set, you can tell the players are in place, early voting started, and the motivation
00:10:40.600 of the grassroots is the highest I've ever seen. And we're going to win a sweeping victory
00:10:46.520 across the board if we execute. But it's over for Kamala Harris. Remember how she pivoted from 0.97
00:10:52.040 the politics of joy to the darkness falls on America? That was the beginning of their
00:10:56.760 Trump's a fascist, Trump's an authoritarian, because I called, I said, they're in losing,
00:11:01.640 they're going to try to create a narrative that President Trump's a fascist.
00:11:07.800 And because of your hard work, because that's what populism is. Populism is where you put it
00:11:13.880 back on the shoulders of the people and they respond. They use their agency, their agency.
00:11:21.320 And if you take that from a year ago, and that was the, both the press conference I had at the,
00:11:26.280 um, uh, at the Regency Hotel and then followed on where we did the, um, we did a show, right?
00:11:34.600 Um,
00:11:38.120 you could say that today. It's a pretty good called shot, was a pretty good called shot.
00:11:43.320 Because I know this audience and I know what working class and middle class people
00:11:51.320 wanted and wanted to stop the illegitimate regime. Now, yesterday we had the oversight committee
00:11:57.400 tell us that, um, the pardons and the executive orders, and look, the pardons are huge or inoperative,
00:12:06.280 but the executive orders are actually bigger. It's a bigger part of the story. And the mainstream
00:12:09.800 media is not covering that because they understand, as I said, when they stole the election in 2020,
00:12:14.680 the liabilities alone and having government action on a government that was not legitimate
00:12:22.360 is mind blowing. But here we know as executive orders, we're, uh, we're inoperative.
00:12:29.160 And I said right there in that it's an illegitimate regime. And remember Nancy Pelosi and that entire
00:12:36.520 crowd that put me in prison, put Peter Navar in prison, put the J6, all the heroes, the men and 1.00
00:12:43.080 women of J6, put them in prison and some for, you know, 10 and 15 years. They all ran up and begged, 0.98
00:12:50.840 crawled on their bellies and begged, including the staffs and the chief of staff that perjured herself, 0.94
00:12:55.880 or excuse me, the chief counsel, the perjured herself in my case. We didn't bring it, make
00:13:00.600 a big deal at the time because we knew the whole thing was rigged. We're not going to sit there and
00:13:04.200 whine. Oh my gosh, it's so terrible. They're lying. Of course they're going to lie. They hate America.
00:13:10.920 You want to know how much they hate America? Look what's happening in New York right now.
00:13:14.760 And they're all getting on board. That's the new, their new politics is the phony politics of joy of
00:13:22.040 dancing, skipping through a store with a tick tock on tick tock on the Chinese company part in the
00:13:28.600 PLA's psyop platform. Look where they've come. They can't stop Trump. They can't stop the mega
00:13:37.240 movement. Is everything happening right now? Perfect. No, it's not perfect. It's got some
00:13:42.760 imperfections to it. We always have to continue to say, hey, maybe it's America first because the
00:13:50.520 pressures around the White House are monumental. But next man up was pretty good. All the hosts
00:13:59.640 that did it, everybody, I, you know, everybody to thank, to keep the show going and continue to
00:14:05.800 have it as a powerhouse. Because why? It's the platform for your human agency. We put a lot on you
00:14:14.120 because you're what stands between the nation and the abyss.
00:14:20.200 You've got President Trump's back in good times and bad.
00:14:28.840 This is part of the Trump 28 phase one. Unmask the never Trumpers and they're out there. So great.
00:14:37.000 They're running to the mic. Tel Aviv Levin. Oh, they love Trump. Until he puts Qatar and Turkey 0.94
00:14:46.120 in charge. They ain't loving on him now. The Constitution says. That's BS. There's four or
00:14:52.440 five different alternatives. All in due time. In the fullness of time, folks.
00:14:57.800 Short break. Back in the room in a moment.
00:14:59.560 I want to tell you about a new offer from our sponsor, Birch Gold, Veterans Day Free Silver.
00:15:05.240 Buy gold and get free silver. That's right. For every $5,000 purchased from Birch Gold Group
00:15:11.160 this month in advance of Veterans Day, they will send you a free patriotic silver round that
00:15:17.560 commemorates the Gadsden and American flags. Look, gold is up over 40% since the beginning
00:15:23.720 of this year and Birch Gold can help you own it by converting an existing IRA or 401k into a tax
00:15:30.440 sheltered IRA in physical gold. Plus, they'll send you free silver honoring our veterans on qualifying
00:15:37.240 purchases. If you're current or former military, Birch Gold has a special offer just for you.
00:15:43.640 Waiving custodial fees for the first year on investments of any amount. With an A-plus rating
00:15:49.960 with the Better Business Bureau and tens of thousands of happy customers, many of which are my listeners,
00:15:56.840 I encourage you to diversify your savings into gold. Text my name, Bannon, B-A-N-N-O-N,
00:16:02.280 to number 989-8-9-8 for a free info kit and to claim your eligibility for free silver with
00:16:08.760 qualifying purchase before the end of the month. Again, text my name, Bannon, to 989-8-9-8.
00:16:15.720 You will get the ultimate guide, which is free, for investing in gold and precious metals in the
00:16:20.760 age of Trump. Do it today.
00:16:22.500 America's Voice family. Are you on Getter yet? No. What are you waiting for? It's free. It's
00:16:28.260 uncensored. And it's where all the biggest voices in conservative media are speaking out.
00:16:33.700 Download the Getter app right now. It's totally free. It's where I put up exclusively all of my
00:16:38.380 content 24 hours a day. You want to know what Steve Bannon's thinking? Go to Getter. That's right.
00:16:42.940 You can follow all of your favorites. Steve Bannon, Charlie Kirk, Jack Posobiec, and so many more.
00:16:48.820 Download the Getter app now. Sign up for free and be part of the new fit.
00:16:52.500 Artificial intelligence. Oh, and Chris Lender is going to join us in a moment. The great author of
00:17:01.800 Lords of Easy Money, a seminal work, which we talk about a lot here. Artificial intelligence. Okay.
00:17:10.740 Let's just get some programming right here, folks. Tonight, so we're going to do the two shows,
00:17:16.820 right? We are going to then come back at 10 p.m. tonight on Real America's Voice, the War Room,
00:17:24.900 and we're going to go until whenever the Xi and Trump meeting, how long it takes. Let's say it's
00:17:32.560 midnight one in the morning. I don't know, but there's a lot of, there's a lot coming out about
00:17:39.160 this. Now, there are many, many big issues. Obviously, trade, soybeans, Taiwan, the defense
00:17:46.760 of Taiwan. The two should jump off the page. They have a knife to our throat. As much as we want to 1.00
00:17:53.540 spin it and as Australia and the New Deal with them and playing footsie with Lula for the, you know,
00:18:01.700 the heavy rare earths in Brazil. All of that's all great. That's sometime in the distance because
00:18:06.260 the globalists allowed, the globalists allowed the processing, the heavy processing facility,
00:18:14.020 I think it was in Ohio and other places in the other country, to be bought by the Chinese Communist 1.00
00:18:17.940 Party basically during Obama's administration with Joe Biden, who we know now is in business or
00:18:24.160 getting in business with the Chinese Communist Party. This is why, to me, it's treasonous activity. 0.97
00:18:28.060 And with the, uh, the drug addicted, uh, sex addict, uh, son, um, that is all displayed in the
00:18:36.280 laptop from hell of which we brought with Rudy Giuliani brought to the public's attention. I don't
00:18:41.120 know, three weeks before the 2020, uh, election with Miranda Devine and Emma, Joe Morris and all
00:18:47.820 these heroes at the New York post. And of course the intelligence apparatus who we have still not
00:18:52.260 indicted came out and lied and said, it's all Russian disinformation. So Mike Morello and those
00:18:58.800 guys are still not perp walked yet. Brennan's in process, but we got to get everybody signed that
00:19:03.740 letter should be perp walked, perp walked. So, um, so the rare earths are massive, right? The Chinese 1.00
00:19:17.960 Communist Party has a, has a knife to our throat. Industrial production will stop in four to six
00:19:23.840 weeks. This is, this is the facts. They'll stop in four to six weeks unless we get the magnets and
00:19:29.500 other things associated with heavy rare earths, not just the dirt that is rare earths. As importantly,
00:19:38.520 artificial intelligence, the chips called the Blackwell chip. And of course, uh, what is a Jensen
00:19:45.180 Wong is an agent of influence for the Chinese Communist Party full stop. And he comes on and
00:19:50.140 says, China Hawks. I just found out what that term meant. Lie. Uh, I didn't know. It's a badge of
00:19:56.180 honor. Uh, it's really a badge of shame. Lie. He's the one in president Trump's year and he's trying
00:20:01.740 to ship these Blackwell chips, the advanced chips to China. What did I say when I signed this
00:20:07.180 proclamation last week about artificial intelligence? And we've warned everybody here,
00:20:11.920 don't let corporate America lie to you. We don't have capitalism in this country. We're not a
00:20:18.680 capitalist country. We are a court. This is corporatism. This is state capitalism. This is
00:20:25.600 just another version of what the Chinese Communist Party has. They're lying to you. These layoffs are
00:20:31.740 coming from artificial intelligence. They're not looking to get more productive. They're looking to
00:20:36.520 get more efficient and get rid of the humans. And it's not a blue collar thing right now. It's going
00:20:41.660 to be a white collar thing. Administrative, managerial, tech at lower levels. So like we
00:20:47.900 haven't screwed this youngest generation enough. Let's screw them again and take that decade of 0.97
00:20:52.900 their twenties away from them when they actually get into the workforce. They start learning their
00:20:57.360 craft. They have these tremendous experiences. As I said, when I signed the proclamation that we have
00:21:05.660 to have scientific and technical concurrence or agreement in the nation's population has to
00:21:12.140 understand what's going on, we have to put some guardrails up because you have these maniacs in 0.96
00:21:17.160 Silicon Valley and people like Jensen Wong that are driving this. And what did I say? We have
00:21:24.480 everything in our hands to cripple the Chinese Communist Party and comes artificial intelligence 0.84
00:21:29.580 for money and expertise and training and education and, wait for it, the chips.
00:21:38.180 So we can't hand our mortal enemy a gun. They got a knife to our throat. We can't give them a
00:21:43.140 bullet to put in the chamber to put the gun to our head. We've got a knife to our throat and a gun
00:21:47.420 pressed up against our temple. It's time to play smash mouth. And yes, I realize, oh, you can't,
00:21:55.080 a decouple Steve is not practical. You're right. It's not practical. You know what is also not
00:22:00.280 practical? Telling the British go screw themselves and going to war with them back in 1775. You think
00:22:07.140 the odds were long then? Yeah. The odds were quite long. Did they sit there and go, well, gosh,
00:22:13.500 I don't know. We can't decouple from the aristocracy. We can't decouple from the British East India Company.
00:22:20.640 We can't decouple from commons. We're Englishmen. We can't do that. One third of our nation agreed
00:22:27.420 with that. The Tories here, one third, the shape shifters, the fence sitters, hey, I'm going to see
00:22:32.860 who wins this. There's a hard bit in Patriots said, screw yourself, throw down. How about this?
00:22:40.060 Get on the receiving action. A little buckshot coming from Lexington Commons or standing at the bridge.
00:22:50.640 At Concord. It has to happen here now. They're the mortal enemy of the Chinese people. 1.00
00:23:00.120 Lao Bajing, this is the Chinese Communist Party, most murderous dictatorship in mankind's history. 0.86
00:23:05.640 It's time. Wall Street stopped kowtowing to them. The corporatists in this nation stopped kowtowing to
00:23:10.900 them. The broligarchs in Silicon Valley stopped kowtowing to them because that's the pressure on Trump.
00:23:15.160 It's coming from the broligarchs. David Sachs and those guys, oh gosh, we got to, you know, 0.99
00:23:21.460 we're partners. We're going to do this together. We're going to bring the world to peace and
00:23:25.700 prosperity. They got a knife to our throat now and you give them the chips, put a bullet in the
00:23:32.520 chamber. These are not our allies. These are not our friends. They're not friends of the Chinese, 1.00
00:23:38.540 the people in China, Lao Bajing. They've killed, they've killed what, 250 million and they brag 1.00
00:23:45.300 about it. They're not, they're not going to hide it. They brag about it. The cultural revolution,
00:23:51.080 the great leap forward, the collectivization of the Chinese peasants. They brag about it and that 1.00
00:23:55.800 ain't counting folks, 450 million, 450 million forced abortions, 80% about little Chinese girls, 1.00
00:24:07.200 female. Is that, the feminists outrage about that? Are they outside the Chinese embassy? No, 1.00
00:24:14.380 because all half of this, half of the undertaking of Antifa and this revolution going on in the United
00:24:19.540 States is underwritten by them. Subversion is their thing. But they ain't going to subvert here.
00:24:26.900 Let's play, I tell you, we've got Vanderhaid. Let's play a couple of minutes of it. It's about
00:24:30.200 seven minutes long. Let's go and play a couple of minutes of the AI jobs apocalypse. You ever heard
00:24:34.880 of that before? You ever heard of that? Let's go and play it. Target announcing cuts, slashing
00:24:40.180 thousands of corporate roles in their statements. Companies cited in part growing pressure
00:24:44.380 to operate more efficiently and to embrace the use of artificial intelligence. So Jim VandeHei,
00:24:50.740 that brings us around to your piece with Mike Allen, looking at how an AI job apocalypse
00:24:55.740 unfolds in front of us. And it does seem to be accelerating, especially yesterday with that
00:25:01.180 news from Amazon, a 14,000 jobs cut, and then explicitly writing in their statement about the role
00:25:07.760 of AI in the cuts. Yeah, I think it's hard for viewers and readers to realize, to sort through all
00:25:14.000 the news and like really sees on what matters. I cannot stress to parents, to students, to anyone
00:25:21.560 who's in a job that could be imminently affected by AI, what a big deal this is. You have all of
00:25:29.260 these companies basically saying they're either laying off employees or that they're dramatically
00:25:34.640 slowing hiring over the next year because of automation and because of AI. At the same time,
00:25:42.560 you had this company, Mercor, a couple days ago raise money at a $10 billion valuation. It's a two-year-old
00:25:50.120 company started by and run by 22-year-olds who were college roommates and then dropped out not long
00:25:57.620 ago. What that company does, and the reason it got such a high valuation, is it basically pays doctors
00:26:04.340 and lawyers and lawyers and other professionals to train AI to basically do their job so that
00:26:11.900 companies can then do the work of humans using robots or using artificial intelligence. This is
00:26:18.420 unfolding very fast, and maybe it's not as bad as the naysayers say. There's no doubt I've not found a
00:26:25.440 single CEO that I have talked to in the last six months who's not told me privately that they are
00:26:31.400 dramatically slowing hiring or not backfilling jobs when people leave or considering layoffs
00:26:38.680 specifically because of AI. This should be the only topic that Congress is thinking about and talking
00:26:45.700 about. I don't think most workers realize what's happening. In our piece, we link to this report by
00:26:51.240 Microsoft that was done this summer that shows you all of the tasks and all of the jobs that are most
00:26:56.560 vulnerable. If you're in one of those jobs or if your kid is going to school and considering those
00:27:02.200 professions, you've got to be thinking about this. You have to be thinking about how can I do that job
00:27:08.340 if artificial intelligence can do it for free or do it better. In some cases, it can make you a better
00:27:13.760 employee, but it might force you to think about doing something differently. And I don't think
00:27:18.320 politicians are leveling with the American people. They're not talking about the extent of what's going to
00:27:23.020 happen over the next three years. That doesn't mean AI couldn't be a massive boom like other
00:27:27.020 technologies over a long horizon. But in the short term, it's really hard to see how a lot of people
00:27:33.100 aren't going to end up struggling and trying to find a new job, especially if you're entry level
00:27:38.360 coming out of college. Now, that is the most informed show in Washington, D.C. for the consensus
00:27:45.420 thinking. And they're sitting there with the audience going, you probably haven't heard this,
00:27:49.460 if you're a homeowner, you need to listen to this. In today's AI and cyber world, scammers are
00:27:57.960 stealing home titles with more ease than ever, and your equity is the target. Here's how it works.
00:28:04.240 Criminals forge your signature on one document, use a fake notary stamp, pay small fee with your 0.96
00:28:09.980 county, and boom, your home title has been transferred out of your name. Then they take out
00:28:16.140 loans using your equity or even sell your property. You won't even know it's happened until you get a
00:28:22.300 collection or foreclosure notice. So let me ask you, when was the last time you personally checked
00:28:30.500 your home title? If you're like me, the answer is never. And that's exactly what scammers are counting
00:28:37.460 on. That's why I trust home title lock. Use promo code Steve at home title lock.com to make sure your
00:28:45.340 title is still in your name. You also get a free title history report plus a free 14 day trial of
00:28:53.120 their million dollar triple lock protection. That's 24 seven monitoring of your title, urgent alerts to
00:28:58.980 any changes. And if fraud should happen, they'll spend up to $1 million to fix it. Go to home title lock.com
00:29:07.260 now. Use promo code Steve. That's home title lock.com promo code Steve. Do it today.
00:29:13.640 Here's your host, Stephen K.
00:29:15.760 Okay. Welcome back. Birch gold times are turbulent. The world's financial markets. Gold has been a hedge.
00:29:27.340 Now it's a new asset class. We're going back to the 19th century rapidly. Talk to the birch gold guys. 1.00
00:29:34.380 Go to, um, two ways. Birch gold end of the dollar empire, seven free installments working on an
00:29:40.720 eighth, been putting it out for four years, get you up to speed on everything about the dollars,
00:29:46.740 the prime reserve currency, and how that's related to gold and how the BRICS nations are in a massive
00:29:51.540 de-dollarization program. Birch gold.com end of the dollar empire slash Bannon end of the dollar
00:29:58.900 empire. And you get to talk to Philip Patrick and the team. We also have another version that's
00:30:03.740 directly related to investing in physical gold. Just take, uh, your phone out and text
00:30:09.080 Bannon, B-A-N-N-O-N-9-8-9-8-9-8. Get access to the ultimate guide, which happens to be free
00:30:16.980 of investing in gold and precious metals. Do not forget silver in the age of Trump. It's not the
00:30:23.000 era Trump. It's the age of Trump. Like he had the age of Jackson, the age of Trump. So check it out
00:30:30.780 today. Birch gold. In times of turbulence, find out why it's a hedge. Okay. Christopher Leonard,
00:30:37.780 uh, you are a, um, kind of a hero to this audience for the Lords of Easy Money. One of the best books
00:30:43.880 that one should read if you want to understand economic populism and what it really means and
00:30:49.020 how the, how the system is stacked against you. Um, you're also, but you're, you're now shifting.
00:30:56.720 You're actually doing a book and you take years of research to do this. We talked to you about it
00:31:00.400 in Kansas city a little bit that, uh, when we were out there with the Hillsdale college, um,
00:31:05.880 to speak a while ago, it takes you years to, to, to study. You've got a great article piece up in,
00:31:12.820 um, up in Politico. I want to get to about how, Hey folks, wait a second. Or do we have the armaments
00:31:20.440 we think we have and why don't we have them? But you are spending a lot of time on artificial
00:31:26.240 intelligence and military use. Can you explain that? How important is artificial intelligence
00:31:31.160 right now in everything dealing with the conduct of war? Yeah. So as you know, as we talked about,
00:31:39.400 I'm writing a book about the defense industry that goes all the way back to 1932 and up through
00:31:44.400 today. And I'll tell you when, when I'm looking at artificial intelligence today in the military
00:31:50.500 realm, it reminds me a lot of, of the role that aircraft played in, in the early 1940s. What I'm
00:31:58.780 trying to say is that in the, in the early forties, aircraft was this revolutionary technology that was
00:32:05.020 changing the world. We're on the cutting edge of it. And military planners knew that aircraft were
00:32:10.400 going to play a role, an important role in fighting war, but they didn't know exactly how.
00:32:14.620 And that is in my mind all the time right now, as I'm out here at, um, you know, visiting with people,
00:32:21.000 interviewing people in industry, going to arms trade shows. What they know is that AI is an
00:32:26.640 extraordinarily powerful technology. It's already changing the face of war. As you've seen in Ukraine,
00:32:31.680 it has revolutionized how war is fought. And right now you've got a lot of upstart companies,
00:32:38.020 Anderil, Shield AI, Palantir, that are starting to harness this technology and use it. Everybody
00:32:43.260 knows it's going to be transformative. Everybody knows it's going to play a central role in the,
00:32:47.660 in the next conflicts should they come. But what's unclear is exactly how this is going to play out.
00:32:54.980 And, you know, what we saw with aviation technology is that once the shooting starts,
00:33:00.200 so to speak, uh, it gains a momentum of its own and, and the technology is going to get used,
00:33:05.800 however, it needs to be used to, to win a conflict once it starts. So I, I guess what I'd say is we
00:33:11.280 are at the early stages of this technology being unleashed in conflict, but everybody who's around
00:33:16.800 it knows that it's going to be transformative. I was, I was talking with a guy who runs a company
00:33:21.420 called Shield AI that is making these, these networks of autonomous drones. And I mean, it's,
00:33:29.680 it's shocking to talk to people like this. They're saying that the entire force structure that we
00:33:34.500 conceive of with battleships, with F-35 jets, it's not that it's totally obsolete, but it's going to be
00:33:41.860 completely changed when you have armies of autonomous self-directing drones, millions of drones
00:33:48.760 that can pilot themselves and kill the enemy that are going to be out on the battlefield. So
00:33:53.300 we know it's going to change everything, but it's at the early stages right now.
00:33:59.840 When you say early stages, let's talk about the defense of Taiwan. Since Taiwan's 90 miles off of
00:34:06.140 the coast of mainland China, uh, and you have the seventh fleet and kind of carrier battle groups.
00:34:12.020 Do you think carrier battle groups and carry strike groups are a relic of the past given this new drone
00:34:17.900 warfare? If you could send 10,000 drones to just hit a, uh, it'd be like kamikaze, right? Off Okinawa in
00:34:26.280 like 45. Are we prepared to fight, particularly fight at sea, uh, this new artificial intelligence
00:34:33.380 warfare? This is what I can say. And to be clear, like I am not a military analyst. I'm just talking to
00:34:40.440 people who are, um, it's, it's at this moment, it's too early to say that the battle carriers,
00:34:49.660 that these things are obsolete. What I can tell you for sure is that there is tremendous concern
00:34:55.900 inside the Pentagon, outside the Pentagon, that we're not equipped to handle a large scale conflict,
00:35:05.560 uh, in the Straits of Taiwan, for, for example. And, and, and here's what I mean by that. You know,
00:35:11.520 the article you mentioned that went up this week, uh, in Politico magazine is, is really about our
00:35:16.680 munitions. Because what, what we do know is that any conflict in the Straits of Taiwan will unfold
00:35:23.800 extremely rapidly, almost surely. And it's going to create tremendous demand for these very high-end
00:35:31.280 guided missiles, um, you know, mid-range missiles. And, and there was a, a war game that's really
00:35:38.580 important that was conducted by the Center for Strategic and International Studies, CSIS. It's this
00:35:44.580 old, uh, pretty well-established think tank in DC. And, and what this war game showed is that the United
00:35:50.520 States would run out of these very important munitions in a matter of weeks. And if, if there was a
00:35:57.220 full-scale conflict in Taiwan, and what's unclear to us is, is how quickly the Chinese themselves would
00:36:04.560 run out because they keep their missile stocks, um, under lock and key. It's hard to gauge the exact
00:36:10.780 numbers that they have. But as you know, they have tremendous industrial capacity in China. They have
00:36:17.740 the industrial capacity that was the equivalent of what the United States had in 1940 that allowed us
00:36:23.740 to win World War II. And so there's huge concern in the Pentagon that even if we were to have a conflict
00:36:32.200 on, on the terms as it now exists, like leave AI to the side for a second with short drone swarms and
00:36:39.480 all the rest, that we would run out of munitions in a matter of weeks. And, and these missiles that we
00:36:44.700 would run out of take years to build, are incredibly sophisticated with these guidance systems and all the
00:36:51.480 rest. These aren't artillery shells. And, you know, what I've been looking at is the supply chain the
00:36:57.800 United States has to produce these munitions. And again, I, I'm not trying to dodge a question here,
00:37:05.060 but the, the, you know, this is a question separate of AI and how that's going to change it with the
00:37:09.180 drone swarms. And I would describe that as a huge question mark. Yes. Hang on, hang on, hang on.
00:37:15.160 Hang on. I thought we were the greatest industrial power in the world. And every time I look around,
00:37:21.620 we're cutting some deal with the Ukraine. I mean, we're stealing the EU, excuse me, not us, 0.98
00:37:28.780 the EU with our wink and a nod, the EU is stealing the Russian people's assets for the first time.
00:37:35.880 It's one of the reasons gold's been on fire. They're stealing the $380 billion to pay,
00:37:41.720 basically give it to Ukraine to then Ukraine pay the United States for munitions. We're sending, 0.96
00:37:48.180 I think, patriots and, and fads and everything, you know, Aegis class cruisers to the Eastern Med to
00:37:55.220 defend Israel. When Netanyahu is trying to trump up this war with, with the Persians, we're sending
00:38:01.980 munitions everywhere. Is, is that in your calculus? Is that the reason, or is it just, we just don't have
00:38:08.020 the industrial capacity because we ship that industrial capacity over to China because they
00:38:13.500 had nothing. So is it that we're giving the world, you know, what is it? Palmer Lucky keeps saying,
00:38:19.660 we don't want to be the world's policeman. We want to be the world's gun shop. Would it be the gun shop?
00:38:24.060 You got to be able to produce the guns metaphorically. Are you saying we can't do that? Or are we already
00:38:28.740 given our top priority went to Ukraine and went to Israel, sir? Huge question. So much going on here.
00:38:37.560 Um, here, here's what I would say as we, as we do give away these munitions around the world at
00:38:45.680 this moment, I cannot overstate the level of alarm inside the Pentagon about our reserve of these
00:38:54.340 munitions. For example, you know, about the THAAD batteries that went over to Israel and, and many
00:39:02.260 THAAD interceptors were fired off to protect Israel against the attack from Iran.
00:39:06.740 Every one of those missiles is a tremendous, precious resource. Um, let me tell you this.
00:39:15.260 One of the people I interviewed for this article is an army colonel who worked for the joint chiefs
00:39:19.320 of staff, looking at our defense industrial base and looking at our ability to ramp up production,
00:39:25.780 to meet new needs, to, to keep our own supplies of these munitions in place and to even increase
00:39:31.600 our supply. And she was tremendously concerned. What I'm telling you now is that for the United
00:39:38.620 States itself, there is a wait time measured in years to get new interceptor missiles, to get new
00:39:46.440 mid range missiles, long range missiles, even the stuff we fire from drones, um, or helicopters like
00:39:52.300 the Hellfire missile, which was a bread and butter munition of the war on terror. There, there's a,
00:39:57.300 a two year wait for new Hellfire missiles right now. So what we have are these reserve stocks of
00:40:03.280 these munitions. And, and as they're used in combat around the world right now, we're, we're basically
00:40:09.460 burning down that those reserves we have as there's a tremendously long wait time for new reserves.
00:40:16.320 So what I would say is that we've, we've gotten into this position where our defense industrial base
00:40:23.640 is really scrambling to keep up with demand. There is not a giant Fort Knox of these munitions that we
00:40:33.280 can just draw from endlessly at this moment. And as I said, I mean, you're looking at war games right now
00:40:38.620 that say we would run out of missiles in a matter of weeks and in some munitions, maybe a month or two,
00:40:45.260 if there was a full scale conflict in Taiwan. So there really is a lot of concern that we don't
00:40:52.720 have the industrial capacity to produce what we need in the time we would need, uh, to get these
00:40:58.820 munitions out into the field. So when, when, uh, when Pearl Harbor was attacked, right, that was when
00:41:07.540 Churchill, I think late that night, he talked to, he talked to FDR and he said, when he went to bed,
00:41:13.300 it was the first time that he actually believed in his heart of hearts that they were going to
00:41:17.820 survive because the United States was in the war. And the reason was the arsenal of democracy,
00:41:23.920 which really was Detroit or coming out of Detroit, this massive ability to do mass production,
00:41:29.800 industrial scale mass production. Are, are, are you telling us in your research for your book,
00:41:35.700 you're coming to the conclusion. And by the way, I only got a minute. In fact,
00:41:38.980 I'll wait and give you some runway on the other side on this, that the Chinese communist party,
00:41:43.420 because wall street and the corporatist shipped and the private equity guys and the venture
00:41:48.400 capitalists, Sequoia capital, Goldman Sachs, all of them shipped our industrial capacity to, uh,
00:41:55.380 to, to mainland China, that we're no longer the arsenal of democracy. In fact, they're the, 0.97
00:42:01.480 are they, they are really the arsenal of totalitarianism, Christopher?
00:42:06.920 What I would say is in 1940, we were China. We were the world's manufacturing colossus. Uh,
00:42:15.300 you talk about Detroit. I just spent about a week in Burbank, California, where Lockheed aircraft began.
00:42:20.920 That was a manufacturing town where every other employee knew how to take apart and rebuild an
00:42:25.940 engine. Everybody knew the industrial arts intimately. And that's what created the war
00:42:32.620 machine of the 1940s. You look at the United States in 2025, we have de-industrialized over decades,
00:42:40.220 uh, really diligently de-industrialized, worked really hard to move that capacity overseas.
00:42:45.240 And now we are, we're reaping the impact of that. And, and it's, it's not to say the game is over,
00:42:54.240 but we are not what we were in 1940. There's no question about that. And the industry is struggling
00:43:00.680 to keep up. Christopher, just hang here for one second. Short commercial break. Christopher
00:43:05.780 Leonard on the other side. Okay. Let's be honest. You never thought it would get this far. Maybe
00:43:15.840 you missed the last IRS deadline or you haven't filed taxes in a while. Let me be clear. The
00:43:21.600 IRS is cracking down harder than ever. And this ain't going to go away anytime soon. That's why
00:43:27.660 you need tax network USA. They don't just know the IRS. They have a preferred direct line to the IRS.
00:43:33.980 They know which agents to deal with and which to avoid. Their expert negotiators have won gold.
00:43:40.920 Settle your tax problems quickly and in your favor. Their team has helped clear over $1 billion in tax
00:43:48.660 debt, whether you owe 10,000 or 10 million. Even if your books are a mess or you haven't filed in years,
00:43:55.500 tax network USA can help, but don't wait. This won't fix itself. Call tax network USA right now.
00:44:02.960 It's free. Talk to a strategist and finally put this behind you. Call 1-800-958-1000. That's 1-800-958-1000 or
00:44:14.940 visit TNUSA.com slash Bannon. Make sure you tell them Bannon, you'll get a free evaluation. That's
00:44:21.380 1-800-958-1000. Do not let letters from the IRS or your failure to file work on your nerves anymore. Take action, action,
00:44:33.260 action, and do it today.
00:44:35.320 Here's your host, Stephen K.
00:44:37.340 Hometitlelock.com. Promo code Steve. Go talk to Natalie Dominguez and the team today. Every dream
00:44:44.540 you've ever had is in that home. If you're fortunate enough to own one and trust me, if you're under 35,
00:44:50.320 it's been a struggle. 90% of your net worth is tied up in that home, in the equity in it. People under 35,
00:44:58.220 you know, the Russian surf class in our country, now that are getting eviscerated by artificial 1.00
00:45:02.400 intelligence job apocalypse. It's going to be even tougher for them. So don't let, you know,
00:45:07.900 AI, cyber, rogue lawyer, rogue accountant, rogue family member, anything, get their mitts on that
00:45:15.400 title. Hometitlelock.com. Promo code Steve. Talk to Natalie Dominguez and the team today.
00:45:21.140 Christopher Leonard. And Leonard, here's why the audience loves you. I will rant and rave and try
00:45:26.340 to bait you and you just come back. Well, Steve, let's just look at the facts, okay? It's so great.
00:45:31.680 That's why Lord's Easy Money is so powerful. And I know this book on the defense industry is going
00:45:35.320 to be incredible. Talk to me though about, let's go rare earths first and then artificial intelligence
00:45:40.480 because one leads the other. The heavy rare earths, I keep saying it's a knife to the throat
00:45:45.140 of President Trump as he tries to negotiate because they understand they get shut the production lines
00:45:50.520 down, the industrial production lines down in four to six weeks. Your thoughts on that?
00:45:55.120 Um, critically important issue. And it's, it's really just another facet of what we've been
00:46:01.980 talking about, which is, you know, military power is intimately intertwined with the power
00:46:08.180 of industrial production. And, you know, industrial production goes all the way from, from the factory
00:46:14.440 floor with, with well-trained, um, factory workers. And by the way, I've, I've got to say these folks who
00:46:21.160 work in these factories are highly, highly skilled, incredibly well-trained, uh, people. You know,
00:46:27.340 we think of a factory as, as punching out metal parts, but these folks are working with micro
00:46:31.580 circuit boards and all the rest. But that work traces all the way around the world back to rare
00:46:36.880 earth mines. And this is all part of the supply chain. What's, what's so interesting is how there's
00:46:43.620 a great article in the wall street journal last week about how the United States essentially traded
00:46:50.000 away its, its, its capacity to mine rare earth minerals. We, we sort of got that business off
00:46:55.880 the board, uh, because it seemed like, you know, less profitable. And we sort of left that, uh, work
00:47:01.260 to China, which, which really aggressively moved into that space with state run enterprises with,
00:47:08.640 with a strategic goal that, that we're seeing play out now. I mean, China's move to, to license the use
00:47:17.500 of rare earths, which essentially kind of unilaterally takes control over who can and cannot use these,
00:47:23.920 uh, processed rare earths is just a tremendous leveraging of, of the power they've developed
00:47:31.160 by developing this industry. So, so what does that mean for us? I mean, as you know, it's,
00:47:35.860 it's very well reported. These, these minerals are used in very specific niche components,
00:47:44.520 uh, like special magnets that are in fighter jets, missiles, of course, consumer products like cars,
00:47:52.240 but for our concerns, they're just vital components of, uh, of, of all, almost all military hardware,
00:47:59.840 very advanced military hardware. And I, I mean, I will tell you, it's, it's not like the defense
00:48:04.940 companies or the Pentagon are just sitting back passively. Uh, I was over in the United Arab
00:48:11.420 Emirates earlier this year and, and an executive for Lockheed Martin was talking about the, the very,
00:48:18.080 uh, assertive actions they're taking to try to source these minerals from around the world.
00:48:23.040 They're trying to stockpile reserves of these minerals and the components made from these minerals.
00:48:28.440 So it's not like they're just passively sitting back and letting China control it, but it is such
00:48:34.100 an uphill battle. China produces roughly 90% of all these rare earth minerals. So what that leaves is
00:48:41.500 these defense companies and others, you know, scrambling to work around the edges in that other
00:48:46.380 10% of the market or cut deals with China to, to continue to have access to this. And, and I just
00:48:52.440 think there's no doubt about it, that it it's highlighting a tremendous point of vulnerability
00:48:58.100 in these global supply chains that kind of echoes back to those moments of the COVID lockdown where
00:49:04.020 we found we could no longer make a simple equipment like, like face masks. And so this is another
00:49:10.780 point of vulnerability in, in the sort of global supply chain that we've been relying on
00:49:17.300 for decades to produce the defense materials we need. But where we have the commanding heights
00:49:24.140 is in chip advanced chip design and chip production, particularly with our allies in, um, in Taiwan.
00:49:31.400 That's why these negotiations are so important, particularly about the Blackwell chip and others.
00:49:36.960 Uh, and you just mentioned that warfare is changing, right? To the, to the massive armies or massive
00:49:42.820 fleets of these self autonomous, or autonomous drones. Where do you, where do we stand right now?
00:49:49.720 Where, how big a stake is it? How high are the stakes about the entire negotiations on chips?
00:49:57.940 Stakes are enormous. As you know, uh, these chips are, are the backbone of, of the future of military power.
00:50:06.620 I really do think that that's fair to say. Um, as you, uh, the, the chips have become a, a, a bargaining chip, uh, not, not to use that kind of cliche, but as you know, you know, when we sell weapons around the world, and, and by the way, the United States is the world's largest exporter of sophisticated weaponry.
00:50:28.520 We control 40% of the global market. This isn't a market like automobiles or televisions. Every, every weapon sold, it's sort of like the, the currency of geopolitics.
00:50:40.200 You give this important technology to your allies, you withhold it from your opponents.
00:50:45.800 These chips, the Nvidia chips, the, the chips that apparently Trump is going to be talking about with Xi, the, these are the foundation.
00:50:55.800 These are the backbone of the future of military power. And as you can see, you know, when Trump was over in, in the Middle East, um, he, he made a deal to export some of these chips to our close ally, the United Arab Emirates.
00:51:09.240 There are, they are rapidly building enormous infrastructure in the United Arab Emirates and Saudi Arabia, uh, a backbone of compute power based on these chips.
00:51:20.520 So this is sort of the race for, um, establishing the foundational power of AI in the future and the stakes of who does and who doesn't get these chips. It's just enormous.
00:51:31.820 Christopher, where do people go, uh, to get your writings? The political story is amazing. We're going to push it out. We did it the other day. We're going to push it again. Where do folks go to keep up, uh, with all your research and thoughts?
00:51:41.440 Uh, all my articles are Christopher Leonard dot biz. I'll be putting that Politico article up there today, hopefully soon. And I'm see Leonard news on Twitter.
00:51:52.080 Christopher Leonard, uh, a steady, a steady Eddie, a safe pair of hands, the Lords of easy money and new research coming out about the defense industry. Uh, Christopher, thank you so much carving out time to do this. Appreciate you.
00:52:05.020 Isn't it ironic that we leave with the right stuff off a classic novel, the magnificent film, a great score about America at its height, the space program in the fifties and the test pilots in the fifties and early 1960s. Dr. Roberts at Heritage next in the war room.
00:52:35.020 What if he had the brightest mind in the war room, delivering critical financial research every month?
00:52:40.720 Steve Bannon here. War room listeners know Jim Rickards. I love this guy. He's our wise man, a former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics and capital markets.
00:52:52.960 Jim predicted Trump's electoral college victory exactly 312 to 226 down to the actual number itself.
00:53:01.620 Now he's issuing a dire warning about April 11th, a moment that could define Trump's presidency in your financial future.
00:53:10.020 His latest book, money GPT exposes how AI is setting the stage for financial chaos.
00:53:16.060 Bank runs at lightning speeds, algorithm driven crashes, and even threats to national security.
00:53:21.580 Right now, war room members get a free copy of money GPT when they sign up for strategic intelligence.
00:53:27.740 This is Jim's flagship financial newsletter, strategic intelligence.
00:53:33.060 I read it. You should read it. Time is running out. Go to Rickardswarroom.com.
00:53:37.840 That's all one word, Rickardswarroom, Rickards with an S.
00:53:41.200 Go now and claim your free book. That's Rickardswarroom.com. Do it today.
00:53:46.780 Thank you.
00:53:52.680 Thank you.
00:53:53.160 Thank you.
00:54:00.620 Thank you.