Bannon's War Room - Episode 4908： Bringing Brennan To Account; Failure Of The Capitalist System With No Capitalists

00:00:00.000 The Justice Department is preparing to issue a series of grand jury subpoenas as part of an investigation into former CIA director John Brennan and the intelligence community's handling of Russia's effort to help Trump get elected in 2016, President Trump, as well as the Jack Smith special counsel case is a lot there.

00:00:17.720 MSNBC was first to report this news. The investigation is being supervised by the U.S. attorney in South Florida and also involves senior Justice Department staff from Washington.

00:00:27.340 My good friends, Jason Redding Quinones, got confirmed as the U.S. attorney in the Southern District of Florida and Miami.

00:00:36.340 And I've been calling for a criminal probe for the last three plus years since the Mar-a-Lago raid for a grand jury to investigate conspiracy against rights under 18 U.S.C. Section 241 for these lawfare Democrats,

00:00:52.940 how they politicized and weaponized intel agencies and law enforcement going back eight years to cross by a hurricane to take out Trump.

00:01:00.260 His top aides like Steve Bannon, Peter DeVarro, Jeff Clark, his supporters on January 6th.

00:01:06.100 I've been very publicly calling for that on your show with 5,000 other media hits for the last three years.

00:01:13.420 There's now a special grand jury that the that Jason just motioned the court and the Southern District of Florida to open in Fort Pierce.

00:01:22.100 That's going to be impaneled in January. 0.96

00:01:24.920 I think that sounds like a great place to open up this grand jury on Crossfire Hurricane.

00:01:30.940 So, Andrew, I mean, if you mix together Crossfire Hurricane January 6th, the Russia attack on the U.S. election in 2016,

00:01:43.540 and I don't know what else was in there, you don't end up with an indictment of a conspiracy.

00:01:48.960 I mean, these are three totally separate with predication that's all been investigated and corroborated and affirmed by some of Trump's current closest allies in in his own cabinet serving in national security functions.

00:02:06.360 But what strikes me there is he describes having to do 3,000 hits to arrive at this moment where an actual prosecutor working for Donald Trump is presenting evidence to a grand jury.

00:02:16.060 That's not the way it's supposed to work.

00:02:19.320 So let's leave aside that this may be a violation of the grand jury secrecy, like how he knows that there is a grand jury that's been impaneled is not something that I think is supposed to be given to somebody who's not in law enforcement.

00:02:32.240 But leave that aside.

00:02:33.680 So let's just take the three pieces.

00:02:35.340 So the Robert Mueller investigation led to innumerable cases where people were convicted, either because they pled guilty or because they were found guilty by a jury.

00:02:49.940 January 6th led to hundreds and hundreds of convictions, again, either because people pled guilty or because they were found guilty.

00:02:58.780 And that's in front of judges who were appointed by Democrats and Republicans, including judges who were appointed by Donald Trump.

00:03:09.060 And Mar-a-Lago, that was approved.

00:03:12.340 This search was approved by a judge.

00:03:15.780 There was ample evidence.

00:03:17.640 Even Judge Cannon rejected a motion that this was somehow improper and vindictive.

00:03:23.160 And so it's hard to see how this is going to get off the ground when you have that record of this isn't just the Biden administration or prosecutors saying it, but you have juries and judges blessing each step of this.

00:03:44.300 This is the primal scream of a dying regime.

00:03:48.440 And pray for our enemies, because we're going medieval on these people.

00:03:54.860 Here's the time I got a free shot at all these networks lying about the people.

00:03:59.120 The people have had a belly full of it.

00:04:01.020 I know you don't like hearing that.

00:04:02.460 I know you try to do everything in the world to stop that, but you're not going to stop it.

00:04:05.140 It's going to happen.

00:04:06.420 And where do people like that go to share the big lie?

00:04:09.820 Mega media.

00:04:11.160 I wish in my soul, I wish that any of these people had a conscience.

00:04:15.840 Ask yourself, what is my task and what is my purpose?

00:04:20.360 If that answer is to save my country, this country will be saved.

00:04:26.640 War Room.

00:04:27.560 Here's your host, Stephen K.

00:04:29.640 Baff.

00:04:34.040 It's Thursday, 6th November, year of our alert, 2025.

00:04:36.920 So a lot to get caught up with today.

00:04:38.600 Let's start with the Viceroy.

00:04:40.400 The great Benny Johnson Viceroy had you on his show.

00:04:43.460 You laid out the case, as you've done so many times.

00:04:47.080 And today, some reality is hitting.

00:04:49.580 Brennan's indicted.

00:04:51.000 MSNBC has finally awakened to the fact that you've been preaching this gospel for a while.

00:04:56.020 And you saw Nicole Wallace.

00:04:57.180 Well, hold it.

00:04:58.380 You've got Crossfire Hurricane.

00:05:00.180 You have 2020 election.

00:05:02.560 You've got J6.

00:05:04.500 That's all separate events.

00:05:06.060 And, of course, Weissman, who's had 9,000 hits on MSNBC alone, he's taking umbrage with your media strategy there.

00:05:16.540 Viceroy, what do you got for us on this?

00:05:19.660 Well, if they think this is such a ludicrous legal theory, then they have nothing to worry about.

00:05:27.220 Like Andrew Weissman, who, I would argue, helped participate in this criminal conspiracy.

00:05:34.980 Amen.

00:05:35.860 Then they have nothing to worry about with any investigation of this.

00:05:41.440 Why are they scared of accountability here if they've done nothing wrong or if it's a ludicrous legal theory?

00:05:47.000 I think they know what they did was the biggest scandal in American history.

00:05:53.420 When they made up the Russian collusion hoax, they lied to the FISA court.

00:06:00.960 They illegally spied on presidential candidate Donald Trump.

00:06:05.420 They spied on President Donald Trump when they failed to use the Russian collusion hoax to stop him from winning in 2016.

00:06:13.160 They tried to destroy his presidency.

00:06:17.140 They impeached him twice.

00:06:19.480 They rigged and stole the election in 2020.

00:06:22.500 They chased him out of office.

00:06:24.480 And then when he was about to reveal Crossfire Hurricane as part of a civil lawsuit in the Southern District of Florida,

00:06:32.820 a civil lawsuit from which Magistrate Judge Bruce Reinhardt had recused because of his 2017 Facebook post,

00:06:40.680 he was trashing Trump, then Jay Bratz and the Biden Justice Department went to that same magistrate judge six weeks later

00:06:49.600 and did the Mar-a-Lago rig to get back these Crossfire Hurricane records, and that led to the lawfare.

00:06:55.240 They know what they did was the biggest scandal in American history.

00:06:59.380 They know that they're going to be held accountable for that, and I think they're starting to panic.

00:07:05.680 And I think Andrew Weissman should lawyer up because he may not be the smartest guy to be out there talking about this case

00:07:13.600 when he could be the target of the grand jury.

00:07:16.080 He was comms director for this whole thing.

00:07:18.440 He's hands in all of this, okay?

00:07:20.460 As our executives and producers at MSNBC lawyer up, why is the Brennan thing today, the subpoena, why is this such a big deal, sir?

00:07:32.120 Well, let me just say this.

00:07:33.320 Before we go to Brennan, let's just talk about Nicole Wallace.

00:07:37.040 I actually worked with her in the Bush 43 White House, and she might be the dumbest human being I've ever interacted with in politics. 0.99

00:07:45.540 I mean, she's like—

00:07:49.240 Stop picking on my Nicole.

00:07:51.180 I love Nicole Wallace at 4 o'clock.

00:07:52.940 We watch it every day.

00:07:53.880 Why are you picking on her? 0.97

00:07:55.800 I hope that Nicole Wallace becomes the spokesperson for the resistance for the next four years

00:08:02.780 because she has an IQ of about 75, and she's the perfect person.

00:08:07.080 They can get Andrew Weissman up there with Nicole Wallace and make them the face defending this lawfare.

00:08:13.360 Well, Weissman's different.

00:08:14.460 Weissman's different.

00:08:16.400 He's a bad guy.

00:08:18.920 She's just an innocent victim. 0.83

00:08:20.440 She didn't know what she was doing when she was selling the Iraq War, right, as weapons of mass destruction. 0.96

00:08:27.800 They're now very focused on you, Mike, so watch out.

00:08:31.520 They're rolling hard.

00:08:32.780 They see—they're going to Alinsky you.

00:08:34.340 I can tell that already because now they're freaked out.

00:08:37.120 They're freaked out because of Brennan.

00:08:38.500 Brennan really made this real for them today in a way that Comey's—that appetizer for Comey did not, sir.

00:08:45.740 Yeah, I mean, Comey was their useful idiot, right?

00:08:49.040 And they found him no longer useful, right?

00:08:53.380 With Brennan, he's actually one of the key operators behind all of this.

00:08:57.800 And Brennan ties directly to Obama, and I think that's what they fear, right?

00:09:02.720 So, look, I'm not confirming or denying anything.

00:09:07.740 I would say this, but I think that NBC and these other outlets are overreporting what I said.

00:09:12.860 I never said that this special grand jury that's set up in Fort Pierce for January is investigating Crossfire Hurricane.

00:09:22.300 I said I had been pushing very, very, very hard for that to happen for over three years, and I'll continue to push very hard for that to happen.

00:09:29.720 I would say to Andrew Weissman when he's throwing out Rule 60 on grand jury because he says that, how would Mike Davis know about this grand jury?

00:09:37.580 I would tell Andrew Weissman you should probably go look at the court's public docket because the order's on the court's public docket, you clown.

00:09:46.080 So, you know, maybe he had, you know, too many strawberry daiquiris for lunch again today, but—or, you know, with his umbrellas.

00:09:55.800 I said, no, no, Andrew, sorry, buddy, it's a public document, so shoved 60 right up your ass.

00:10:01.320 But anyway, so justice is definitely coming for these lawfare Democrats.

00:10:06.880 They laughed about this before the election.

00:10:08.980 They mocked us for three years.

00:10:11.180 Let's see how much Andrew Weissman's snickering over the next three years when justice is being delivered.

00:10:18.300 You know, Mike, MSNBC is being turfed out of 30 Rock.

00:10:23.040 They're leaving the building.

00:10:24.360 They're sending them over to 43rd Street near Times Square.

00:10:28.240 They're taking the name away, and I can tell you the guys at NBC just want to be done with it.

00:10:32.420 And they realize, I think, huge investigation is going to come in.

00:10:36.520 And the media part of this, Mike, as you know, was one of the strongest elements they had because every night they were leaking.

00:10:42.020 You got Ken Delanian, the spokesman for the FBI.

00:10:44.740 You got, you know, Weissman, the spokesman for the cabal.

00:10:48.540 Every night they drove this with Rachel Maddow.

00:10:50.780 They put out false information from Shifty Shift.

00:10:53.360 They lied.

00:10:54.640 They knew they were lying.

00:10:56.240 So MSNBC or MSNOW, whatever you're going to be next week, you guys are up to your eyeballs on this thing.

00:11:01.760 And don't think people don't know that.

00:11:03.400 We've been talking about this and working behind the scenes for a long time on this one, Mike Davis.

00:11:09.140 Your thoughts?

00:11:10.940 Well, I would say this.

00:11:11.840 Just remember that 18 U.S.C.

00:11:14.540 Section 241, Conspiracy Against Rights, is a very powerful criminal statute.

00:11:22.100 It was passed after the Civil War to take down the Klan.

00:11:26.840 Jack Smith, at the urging of Andrew Weissman and others, used Conspiracy Against Rights to go after President Trump, his top aides, his supporters, to take out MAGA.

00:11:36.840 So they're going to get a healthy dose of their own medicine on 18 U.S.C. Section 241, Conspiracy Against Rights.

00:11:47.560 I call this the dead chicken strategy if they want to – the war room posse wants to Google that.

00:11:52.840 And it could go after lawyers, it could go after reporters, it could go after judges.

00:11:59.200 Anyone who conspires to violate the civil rights, the constitutional rights of Americans is subject to 18 U.S.C. Section 241, including reporters at MSNBC.

00:12:13.780 Mike, you're doing some great writing all around, but I want people to go to Article 3 to get all of it and also your social media.

00:12:19.860 Where did they go?

00:12:20.380 Article 3project.org, Article 3project.org.

00:12:27.760 You can follow us on social media, donate, but only what you can afford.

00:12:32.960 But the war room posse's superpower is action, action, action.

00:12:37.860 And our action item for the next three years is to put these lawfare Democrats, especially Andrew Weissman, in prison for Conspiracy Against Rights.

00:12:46.900 The Vice-Rory, thank you very much, Mike.

00:12:50.660 I know you're busy today.

00:12:51.580 Thanks for joining us by phone.

00:12:52.700 I appreciate you always.

00:12:54.500 Thank you, sir.

00:12:57.080 Mike Davis.

00:12:59.140 We didn't have time.

00:13:00.160 I'll get to Mike, hopefully not tomorrow, Monday.

00:13:02.420 He was a clerk for Gorsuch, knows Gorsuch very well.

00:13:08.100 He managed the process to get Gorsuch approved about yesterday's Supreme Court hearing.

00:13:16.840 It begins.

00:13:18.540 The Brennan situation kind of kicks it off.

00:13:22.840 Comey was just an appetizer because they were running out of time, right?

00:13:26.860 Stature limitations.

00:13:28.420 Now it starts getting serious, and I think you're going to see some real momentum on this.

00:13:33.180 And they got very serious people on this, and that's why they're so nervous over at MSNBC.

00:13:40.740 They're very concerned because they understand this thing's going to roll, and it's going to roll hard.

00:13:44.760 And he also saw the judge, I think, lighten up Halligan.

00:13:47.620 Man, they hate Halligan.

00:13:48.820 Woo-hoo. 0.65

00:13:49.880 They hate her, which is a good sign. 0.99

00:13:52.820 It's inverse.

00:13:53.480 The more they hate them, the better you know they are.

00:13:56.300 Then you know they're getting stuff done.

00:13:58.880 When they're hating on folks, you understand that they're being effective.

00:14:04.500 Okay, Philip Patrick, a lot of turmoil in capital markets today.

00:14:07.780 NASDAQ down, I think, 2%.

00:14:09.140 Why is that, people?

00:14:10.740 I don't know.

00:14:12.700 I think there may be an AI bubble.

00:14:14.640 Remember today, the very first segment, I ripped on the chief financial officer of OpenAI.

00:14:20.220 They had the audacity to say, well, we really need government guarantees, loan guarantees.

00:14:25.960 We borrow this money.

00:14:27.540 And I said, hey, fine.

00:14:28.440 You give us 50% of the equity for the American citizens, spread it around.

00:14:32.080 David Sachs comes out right afterwards.

00:14:34.720 Oh, no, no, no, no, no, no, no.

00:14:36.180 No guarantees, no nothing.

00:14:37.420 He didn't want any of that equity taken.

00:14:40.500 Now I got this idea.

00:14:41.520 I think they ought to spread it out to everybody.

00:14:43.260 Every American citizen.

00:14:44.640 A piece of the action.

00:14:46.060 Just a piece.

00:14:46.680 Just a taste.

00:14:48.180 Just get your beak wet.

00:14:50.900 AI on the retreat today on Wall Street.

00:14:56.460 Let me be blunt.

00:15:00.780 Gold is up around 40% this year.

00:15:02.760 That's not speculation.

00:15:04.340 That's reality.

00:15:05.460 And if a portion of your savings isn't diversified into gold, you're missing the boat.

00:15:10.080 Now here's the facts.

00:15:11.500 Inflation is still too high.

00:15:12.800 The U.S. dollar is still too weak.

00:15:15.140 And the government debt is insurmountable.

00:15:17.360 That is why central banks are flocking to gold.

00:15:20.280 They're the ones driving up the prices now to record highs.

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00:16:52.660 So John Brennan is one of the key figures

00:16:55.320 in what really is a massive and sprawling investigation as envisioned down in South Florida.

00:17:01.120 And the reason it's down there, and that's new that we're reporting today

00:17:04.000 that the U.S. attorney in South Florida is leading this investigation,

00:17:07.100 is because that's where the Mar-a-Lago search was.

00:17:10.020 And so what they're trying to do here is knit together

00:17:12.320 what they see as an ongoing conspiracy to violate Donald Trump's civil rights

00:17:17.520 that began with the Russia investigation and continued on

00:17:20.840 from Obama administration to Biden administration

00:17:23.140 and then somehow includes the Jack Smith investigations.

00:17:26.760 It's this unified field theory of persecuting Donald Trump.

00:17:31.740 And John Brennan, of course, was a central figure

00:17:33.780 in the preparation of that 2017 assessment into Russian election interference

00:17:37.620 and, of course, the FBI's Crossfire Hurricane investigation figures into that.

00:17:42.480 How this all shakes out, Katie, is anyone's guess

00:17:44.760 because we've not seen any evidence connecting any of these things,

00:17:48.340 let alone any wrongdoing.

00:17:49.360 And in point of fact, as you well know, John Durham, the special counsel appointed

00:17:53.340 in the Trump administration, looked exhaustively, particularly at the Russian interference assessment

00:17:59.960 and at the FBI's Crossfire Hurricane investigation

00:18:02.760 and found no criminal wrongdoing by John Brennan or any other major figure.

00:18:07.040 But here the Justice Department is trying to take another crack at this.

00:18:10.200 I think what Ken has just postulated is maybe the most reasonable theory

00:18:15.400 I have heard about how the Justice Department could prosecute this.

00:18:18.520 And what I mean by reasonable is that, by all accounts,

00:18:22.380 John Brennan left government more than eight, nine years ago.

00:18:27.060 Most of the crimes with which one could conceivably think of John Brennan

00:18:31.640 even being remotely charged with would be time barred.

00:18:34.960 The only way that the Department of Justice could potentially get around that

00:18:39.260 is to charge this overarching conspiracy

00:18:41.920 where the last thing done in furtherance of that conspiracy

00:18:45.460 happened in relatively recent memory.

00:18:48.520 Otherwise, if you were to just look at the facts...

00:18:51.540 Of course, yes, yes, lady.

00:18:53.520 Just watch War Room.

00:18:54.500 We explained that nine months ago.

00:18:57.740 You're just getting MSNBC's audience going to understand

00:19:00.120 they ain't been paying attention.

00:19:01.360 Better start paying attention.

00:19:03.900 People at MSNBC are going to be indicted.

00:19:06.520 No doubt.

00:19:07.860 Going to be indicted.

00:19:09.420 Part of the conspiracy.

00:19:10.360 And yes, John Brennan is part of the brains of the operation.

00:19:14.520 This is how you go after the deep state.

00:19:16.620 Not to structurally take it apart,

00:19:19.100 but to make sure you put in high relief

00:19:21.740 those that have been running these operations

00:19:24.920 against President Trump and the MAGA movement

00:19:27.540 and the country.

00:19:28.760 And the country.

00:19:30.620 Been at this too powerful for too long.

00:19:32.800 They're about to get their comeuppance.

00:19:38.000 They're going to be hiring attorneys

00:19:39.420 and they're going to be spending millions of dollars

00:19:41.720 and all of their life is going to be focused on this,

00:19:44.320 keep themselves out of prison.

00:19:45.520 Bolton's going to prison.

00:19:46.580 Comey's going to prison.

00:19:47.740 Brennan's going to prison.

00:19:49.820 Weissman's going to prison.

00:19:52.860 McCabe's going to prison.

00:19:54.080 I can go down the drum list.

00:19:55.540 I got my cheat sheet.

00:19:56.400 Sorry, guys.

00:19:59.780 Trump came back.

00:20:01.540 You never thought that would happen.

00:20:03.100 You tried everything.

00:20:04.040 Bankrupting.

00:20:06.640 Putting him in all these false charges.

00:20:09.280 All these false felonies.

00:20:10.800 To put him in prison, I don't know, for 300 years.

00:20:12.680 And then finally to try to assassinate him.

00:20:15.380 To attempt to assassinate him.

00:20:17.320 None of it worked.

00:20:18.700 Okay, you remember this morning.

00:20:21.940 This is one of my concerns.

00:20:23.220 One of the reasons I signed this proclamation.

00:20:26.400 about getting our arms around AI.

00:20:29.100 Right now, they just had an analysis about on these earnings calls.

00:20:32.360 So what happens every quarter, every quarter,

00:20:37.080 it was once every 90 days essentially,

00:20:39.720 Wall Street, the CFO, the CEO, normally the chairman,

00:20:43.640 come on in the biggest research people that own the stocks

00:20:48.180 and shareholders and the public and just listen in.

00:20:50.040 They have an earnings call.

00:20:50.720 They explain the quarterly reports.

00:20:52.180 And they may get away from this system.

00:20:55.420 They may do it semi-annually.

00:20:56.940 They may do it annually.

00:20:57.780 But they get on every month or every three months,

00:20:59.840 and they talk about what's going on.

00:21:04.680 There's some stat out there that like 50,000 mentions of AI.

00:21:09.760 Every company now is talking about AI.

00:21:11.460 You can see these commercials on TV.

00:21:14.180 IBM has got a commercial.

00:21:15.220 They're walking through with, like, the tech people.

00:21:17.080 They're walking through the office with the, you know,

00:21:18.920 one of these faceless cubicle offices where, unfortunately,

00:21:23.060 most of the working public spend their time.

00:21:27.040 They're going through these offices,

00:21:28.140 and they're talking to people in the, you know,

00:21:30.600 accounting department, the information department, the CIO,

00:21:33.240 and they're talking about AI, and they go,

00:21:35.400 well, you know, is it really helping its productivity?

00:21:37.420 Well, no, not really, but because our data is not all organized,

00:21:40.900 and it's just going on and on.

00:21:42.900 They're very confusing.

00:21:44.560 They make the point that AI hasn't been harnessed yet,

00:21:47.320 and they're trying to tell the companies that are buying this,

00:21:49.080 hey, maybe it's time now to try to think of a way to harness it.

00:21:53.440 Most of the AI, at least now,

00:21:55.320 and this is not to say that AI doesn't have tremendous,

00:21:57.920 tremendous, tremendous potential,

00:21:59.420 but the stocks have run up so high,

00:22:02.540 and it's kind of, they're in a virtuous circle.

00:22:04.360 Somebody raises money on these high stock valuations,

00:22:06.700 and they buy equipment,

00:22:07.680 and then the equipment is, you know,

00:22:09.960 given to another guy to service,

00:22:11.500 and it's kind of difficult to understand

00:22:14.680 if you're having double and triple accounting

00:22:16.420 because the whole system and the way it's done is fairly obscure,

00:22:20.920 and the people that are doing this

00:22:22.620 are not really coming out

00:22:24.740 and giving you a lot of pertinent information

00:22:27.960 that can help you decipher and break it down.

00:22:30.480 So that's a lot of top people,

00:22:32.380 the top research analysts and others

00:22:35.080 are trying to understand this

00:22:36.980 and figure out if this is like the dot-com bubble

00:22:40.800 of the late 1990s,

00:22:43.280 the mid to late 1990s

00:22:44.620 when you put dot-com on anything

00:22:46.380 and the stock just blew out,

00:22:49.000 and you would have all these young people on TV,

00:22:50.800 and they were talking,

00:22:51.580 it essentially was a gobbledygook,

00:22:53.140 didn't make any sense,

00:22:54.060 but the stocks would be on fire,

00:22:55.740 they could use the stock as an acquisition currency,

00:23:00.720 you could buy other companies with it.

00:23:03.140 Remember what it was,

00:23:04.160 the Time Warner AOL was the worst transaction

00:23:08.200 in, I think, corporate history,

00:23:10.560 where you had Time Warner,

00:23:11.480 this massive media company

00:23:12.860 with all these legacy brands,

00:23:14.180 Warner Brothers Studio,

00:23:16.100 you had HBO,

00:23:17.160 you had Time Magazine,

00:23:18.260 you had all the magazines,

00:23:19.320 you know, half the magazines in the country,

00:23:20.840 and they basically did a stock swap

00:23:22.440 and bought it with AOL stock,

00:23:25.040 which AOL, you know,

00:23:25.860 shortly thereafter started to crash

00:23:27.420 because people realized

00:23:28.380 it didn't really have a economic model

00:23:31.120 to really create value

00:23:32.760 and make money over the long term.

00:23:35.660 This is one of the concerns today.

00:23:37.860 The one thing we do know,

00:23:40.140 it is blowing out a lot of jobs.

00:23:42.180 You're seeing the beginning

00:23:43.380 of an AI jobs apocalypse.

00:23:45.340 This is why I say,

00:23:46.180 it just can't be affordability.

00:23:48.160 Don't get sucked into the trap.

00:23:50.420 And a lot of people saying,

00:23:51.300 you know,

00:23:51.580 we're mimicking the words

00:23:54.040 of what Ma'am Dominic

00:23:56.820 and others kept talking

00:23:58.340 about this affordability crisis.

00:24:00.760 It's just not affordability.

00:24:02.320 Affordability is about supply and demand,

00:24:03.980 also about inflation,

00:24:05.300 all of it,

00:24:05.800 but you have another part

00:24:06.760 of the equation,

00:24:07.860 which is really more in Besant

00:24:11.140 and Trump's wheelhouse,

00:24:13.040 which is growth.

00:24:13.900 We made a bet,

00:24:14.680 the big, beautiful bill,

00:24:15.680 far be it for me

00:24:19.540 to say it was just

00:24:21.360 the politicians on Capitol Hill

00:24:25.180 giving a tax break to the wealthy.

00:24:27.080 Far be it for me to say that.

00:24:29.180 Really, the core of it

00:24:30.200 was a supply-side tax cut

00:24:31.940 to get investment,

00:24:32.940 get capital equipment,

00:24:34.120 and get this economy kick-started.

00:24:37.860 Post-pandemic,

00:24:39.220 the Chinese Communist Party

00:24:40.220 bioweapon

00:24:41.060 and the Biden,

00:24:42.700 you know,

00:24:42.960 the Biden disaster.

00:24:45.180 So after, what,

00:24:46.000 five, six years of that

00:24:47.680 to get this thing kick-started

00:24:49.080 on a growth plan

00:24:50.380 predicated upon the investment

00:24:51.780 in capital equipment,

00:24:53.420 plant,

00:24:54.920 all of it,

00:24:55.560 that's what supply-side's about.

00:24:58.060 My concern,

00:24:59.800 as you look at it,

00:25:01.000 is,

00:25:01.380 are these stocks too frothy?

00:25:02.980 And is one economic announcement

00:25:06.940 between these companies

00:25:08.760 just adding to the froth?

00:25:11.180 And are they going to back on?

00:25:12.100 Now, what you're also seeing

00:25:13.660 is a,

00:25:14.880 because that CFO's a smart person,

00:25:16.540 that she says,

00:25:17.100 oh, I didn't mean to say that.

00:25:18.480 I was talking about creating

00:25:19.640 an ecosystem of private equity

00:25:22.140 and banks

00:25:22.720 and, you know,

00:25:23.780 some sort of government,

00:25:25.020 I don't know,

00:25:25.460 involvement.

00:25:26.780 Yo, lady, 0.99

00:25:27.340 you were talking about

00:25:28.260 a loan guarantee

00:25:30.320 by the people

00:25:31.380 of the United States,

00:25:31.840 and this is what the,

00:25:32.940 this is what the elites

00:25:34.040 always do.

00:25:35.200 This is what happened

00:25:36.140 in the collapse in 2008.

00:25:38.660 They always want to

00:25:39.800 set up a system

00:25:40.840 where they socialize the risk,

00:25:44.000 okay,

00:25:44.560 and they keep the upside.

00:25:45.980 Now, what do I mean by that?

00:25:46.880 That sounds like

00:25:47.400 kind of a fancy term.

00:25:48.240 What they do is

00:25:48.820 they want bailouts

00:25:50.360 or guarantees

00:25:51.740 backed by the full faith

00:25:53.740 and credit

00:25:54.160 of the United States.

00:25:54.940 That would be you.

00:25:56.500 All schmendricks 1.00

00:25:57.420 in this audience,

00:25:58.260 that would be you.

00:25:59.900 Like Pogo said,

00:26:00.880 was that we met the enemy

00:26:01.960 and it is us.

00:26:03.220 That's you.

00:26:04.060 You're out of the room

00:26:07.060 and out of the deal,

00:26:07.900 but you're given a guarantee.

00:26:09.760 You're given a guarantee.

00:26:11.020 Just like you bailed out

00:26:12.020 all the elites

00:26:12.740 in 2008,

00:26:14.100 you're given a guarantee.

00:26:16.380 And what do you get?

00:26:17.360 And they keep the upside.

00:26:18.340 They got all the equity.

00:26:19.520 So I said today,

00:26:20.620 and David Sachs came in

00:26:21.580 right after and said,

00:26:22.100 oh, no, no, no, no, no,

00:26:23.020 no, no, no, no, no, no,

00:26:23.980 no, no, no, no.

00:26:24.920 You know, he's the czar.

00:26:26.900 He's the czar.

00:26:27.540 So the czar came out

00:26:28.560 and said,

00:26:29.020 no guarantees.

00:26:30.880 Because all I had to do

00:26:31.900 is mention one thing

00:26:32.640 they don't want to talk about.

00:26:34.020 Why the hell

00:26:34.940 are we giving

00:26:35.500 all this government support

00:26:36.920 in creating this vector,

00:26:39.780 creating this sector,

00:26:41.700 right,

00:26:42.020 creating this sector

00:26:42.900 that's created now

00:26:44.440 trillions of dollars

00:26:45.880 of publicly traded

00:26:47.520 equity value

00:26:48.500 in the American people

00:26:50.380 got nothing.

00:26:51.580 Here's what you got.

00:26:52.320 You got nothing.

00:26:53.500 Zero.

00:26:54.580 Why is that?

00:26:55.380 That's not capitalism.

00:26:57.080 This is corporatism.

00:26:58.700 This is crony capitalism.

00:27:00.200 This is state capitalism.

00:27:02.460 It can't go on.

00:27:04.260 It cannot go on.

00:27:05.000 This system,

00:27:05.680 I told you,

00:27:06.620 you're going to get

00:27:07.120 a couple of things.

00:27:07.700 You're either going to get

00:27:08.180 Manjoni,

00:27:09.120 Manjoni,

00:27:09.520 you know,

00:27:10.480 Manjoni,

00:27:11.680 Manjoni,

00:27:13.360 Manjoni,

00:27:13.980 Manjoni,

00:27:15.920 okay,

00:27:16.520 the guy that shot him,

00:27:17.360 that guy.

00:27:17.900 You're either going to get

00:27:18.500 that,

00:27:18.760 you're either going to get

00:27:19.300 shot in the back,

00:27:21.060 right,

00:27:21.380 by some poster boy,

00:27:22.520 by some fully ripped

00:27:23.580 poster boy

00:27:24.240 that they go gaga over,

00:27:25.780 or you're going to get

00:27:28.060 Zoran.

00:27:30.640 You're going to get

00:27:31.340 either the French 0.96

00:27:32.100 Revolution on economics,

00:27:33.520 and by the way,

00:27:34.020 the DSA released today,

00:27:36.520 all their demands.

00:27:37.800 You talk about,

00:27:38.340 you're picking on

00:27:39.220 Tucker Carlson

00:27:40.200 for anti-Semitism.

00:27:41.040 Look at the DSA.

00:27:42.540 Where's the RJC?

00:27:44.880 Where's Tel Aviv Levin?

00:27:46.860 Since you didn't lift

00:27:47.820 a finger to stop

00:27:48.800 Zoran,

00:27:49.660 of which I said.

00:27:50.660 Hey,

00:27:50.840 I realize you've got

00:27:51.600 many choices when it

00:27:52.580 comes to who you choose

00:27:53.760 for your cell phone service,

00:27:55.020 and there are new ones

00:27:55.800 popping up all the time,

00:27:57.260 but here's the truth.

00:27:58.380 There's only one that

00:27:59.280 boldly stands in the gap

00:28:00.700 for every American

00:28:01.560 that believes that

00:28:02.380 freedom is worth

00:28:03.500 fighting for,

00:28:04.120 and that's the team

00:28:05.560 at Patriot Mobile.

00:28:06.900 For more than 12 years,

00:28:08.080 Patriot Mobile has been

00:28:08.880 on the front lines

00:28:09.680 of fighting for our

00:28:10.500 God-given rights

00:28:11.360 and freedoms,

00:28:12.080 while also providing

00:28:13.360 exceptional nationwide

00:28:14.680 cell phone service

00:28:15.820 with access to all three

00:28:17.760 of the main networks.

00:28:19.320 Don't just take my word for it.

00:28:20.780 Ask the hundreds

00:28:21.440 of thousands of Americans

00:28:22.940 who've made the switch

00:28:24.480 and are now supporting

00:28:25.320 causes they believe in

00:28:26.800 simply by joining

00:28:27.820 Patriot Mobile.

00:28:29.040 Switching is easier

00:28:30.080 than ever.

00:28:31.040 Activate in minutes

00:28:31.800 from the comfort

00:28:32.400 of your own home.

00:28:33.400 Keep your number,

00:28:34.280 keep your phone,

00:28:35.100 or upgrade.

00:28:36.360 Patriot Mobile's

00:28:37.180 all-U.S.-based support team

00:28:38.620 is standing by

00:28:39.360 to take care of you.

00:28:40.180 Call 978-PATRIOT today

00:28:42.580 or go to

00:28:43.660 PatriotMobile.com

00:28:44.940 slash Bannon.

00:28:45.740 That's PatriotMobile.com

00:28:47.680 slash Bannon.

00:28:48.680 Use the promo code

00:28:49.560 Bannon

00:28:49.840 for a free

00:28:51.060 month of service.

00:28:52.340 That's PatriotMobile.com

00:28:53.760 slash Bannon

00:28:54.660 or call

00:28:55.460 972-PATRIOT

00:28:57.160 and make the switch

00:28:58.360 today.

00:28:59.420 War Room.

00:29:00.280 Here's your host,

00:29:01.600 Stephen K.

00:29:02.340 Bannon.

00:29:02.680 So the CFO came back

00:29:06.180 and said she was

00:29:06.740 just kidding.

00:29:07.460 David Sachs said,

00:29:08.240 oh, we're never

00:29:08.900 going to think about

00:29:09.440 that.

00:29:09.680 But they're trying

00:29:10.240 to socialize it.

00:29:11.180 She would never.

00:29:11.900 She's a brilliant woman.

00:29:13.440 She's CFO of a huge

00:29:16.360 tech concern.

00:29:18.700 They're floating it

00:29:19.380 out there.

00:29:20.420 They're just trying

00:29:21.140 to get it out

00:29:21.540 in the ether.

00:29:22.400 Right?

00:29:22.580 Saying, come back.

00:29:23.040 Well, you know,

00:29:23.420 we mentioned a while

00:29:24.500 ago, and of course

00:29:25.340 the CCP, they're

00:29:26.340 always going to

00:29:26.660 revert back to that.

00:29:29.060 You want to stop

00:29:30.360 the CCP from

00:29:31.260 competing?

00:29:32.620 I got an idea

00:29:33.700 to cut them off

00:29:35.540 from capital,

00:29:36.520 cut them off

00:29:36.960 from technology.

00:29:38.580 Don't let Jensen

00:29:39.200 Wong, or Wang, 0.69

00:29:42.940 Jensen, the agent

00:29:45.140 of influence by the

00:29:46.660 Chinese Communist 0.72

00:29:47.200 Party, who wants

00:29:48.660 to sell them the

00:29:49.440 Vance chips in the

00:29:50.340 worst way possible.

00:29:51.300 And thank God

00:29:51.800 President Trump

00:29:52.300 said, no, we're

00:29:52.780 not going to do

00:29:53.220 that.

00:29:54.520 And then he said

00:29:55.240 in the headlines

00:29:56.540 that's blazing on

00:29:57.620 the Financial Times

00:29:59.780 of London, which I

00:30:01.860 quote, China will

00:30:03.940 win AI race with

00:30:05.360 America, says 0.83

00:30:06.120 Navidia's chief.

00:30:07.080 So that's not

00:30:07.600 Steve Bannon

00:30:08.060 beating on the

00:30:08.580 guy.

00:30:08.740 Say, why are you

00:30:09.220 picking on him?

00:30:10.680 Well, I'm picking

00:30:11.540 on him because it's

00:30:13.600 another guy over

00:30:14.560 here, like Zoran

00:30:16.960 the Ugandan, who

00:30:19.360 is bound and

00:30:20.780 determined to help

00:30:21.620 destroy this

00:30:22.180 country.

00:30:23.760 Bound and

00:30:24.220 determined to

00:30:24.680 help destroy this

00:30:25.260 country.

00:30:25.620 And that may be

00:30:26.160 okay for you,

00:30:27.040 ain't okay for

00:30:27.840 me.

00:30:29.780 Not okay for me

00:30:30.900 at all.

00:30:31.700 And these people

00:30:32.200 got to be called

00:30:32.820 out.

00:30:33.840 This AI thing is

00:30:34.780 leading us not just

00:30:35.560 to what they're doing

00:30:36.260 in the labs, the

00:30:37.020 frontier labs, the

00:30:37.920 four or five frontier

00:30:38.840 labs of driving

00:30:39.880 totally unregulated.

00:30:40.940 You have more

00:30:42.320 regulation in

00:30:44.820 Capitol Hill to

00:30:45.760 open a nail salon or

00:30:47.500 to have somebody

00:30:48.080 braid your hair

00:30:49.220 higher than you

00:30:50.340 do on all of

00:30:51.600 artificial intelligence.

00:30:52.940 Let that set with

00:30:54.740 you for a second.

00:30:56.680 Working on some of

00:30:57.760 the most dangerous

00:30:58.460 technology, huge

00:30:59.960 potential upside.

00:31:00.960 Don't get me wrong,

00:31:01.560 huge potential upside.

00:31:03.220 Although I do think

00:31:04.540 some of the upside is

00:31:05.660 just hyped.

00:31:06.860 Now you're seeing big

00:31:07.700 job layoffs, so

00:31:08.420 they're going to have

00:31:08.940 lower labor costs.

00:31:12.460 There's no doubt

00:31:12.960 about that.

00:31:13.480 But what does that

00:31:14.980 mean about really

00:31:15.600 creating value?

00:31:17.740 The creation of

00:31:18.380 value, that's all

00:31:18.940 to be seen.

00:31:20.160 But this market's

00:31:22.000 pretty frothy.

00:31:23.420 I think the

00:31:24.080 earnings are like

00:31:25.560 41 times, you

00:31:28.300 know, trailing 12

00:31:29.680 months or something,

00:31:30.460 41 times.

00:31:31.180 That's a little high.

00:31:32.440 That's a tad high.

00:31:33.920 I think the

00:31:34.380 historical is 15 or

00:31:35.440 16 times.

00:31:36.200 This is a tad

00:31:36.820 high.

00:31:38.280 It's like right

00:31:38.980 before the financial

00:31:39.700 crash.

00:31:41.240 You know, the

00:31:41.520 investment banks are

00:31:42.320 like leveraged up,

00:31:43.260 you know, 25 to

00:31:44.480 one.

00:31:45.040 They should be like

00:31:46.040 a bank should be

00:31:47.120 four to one.

00:31:47.740 Investment banks

00:31:48.260 shouldn't be no

00:31:48.900 more than six,

00:31:49.820 seven to one.

00:31:51.380 Max, maybe even

00:31:52.180 less than that.

00:31:52.720 These are like 20,

00:31:53.480 20 to one, 25 to

00:31:54.920 one.

00:31:55.420 That's what happened.

00:31:56.280 That's why Goldman

00:31:56.740 Sachs almost went

00:31:57.400 bankrupt.

00:31:58.440 They had, they

00:31:59.200 were over at

00:31:59.760 Solomon and Caromo

00:32:00.380 drafting up the

00:32:01.580 bankruptcy documents

00:32:02.920 when the

00:32:04.080 Secretary of

00:32:04.560 Treasury, Hank

00:32:05.220 Paulson, a

00:32:05.920 former Goldman

00:32:06.460 partner, bailed

00:32:07.340 them out.

00:32:09.120 So Sachs comes

00:32:10.080 out right away.

00:32:10.620 We're not going

00:32:11.020 to do it.

00:32:11.400 You know why?

00:32:12.320 Because, and

00:32:12.860 we have to have

00:32:13.400 a discussion

00:32:13.860 about this.

00:32:14.940 This, this is, we

00:32:16.020 got to get this

00:32:16.640 out there and the

00:32:17.140 war room will do 0.52

00:32:17.800 it.

00:32:19.440 A piece of the

00:32:20.300 action, you're not

00:32:20.860 asking for a lot.

00:32:21.780 You're not, you're 0.98

00:32:22.340 not socialist.

00:32:23.060 You're not asking

00:32:23.840 for government

00:32:24.700 control.

00:32:25.260 The problem we

00:32:25.760 have in this

00:32:26.180 system, it's not

00:32:26.840 a capitalist

00:32:27.300 system.

00:32:28.740 Because you bail

00:32:29.560 out, you

00:32:29.940 socialize, you

00:32:30.800 bail, you bail

00:32:31.740 them all out on

00:32:33.360 government bailouts

00:32:34.360 or loan guarantees

00:32:35.380 or all this other

00:32:36.020 stuff they got going

00:32:36.740 on here.

00:32:37.240 You know, they

00:32:37.660 got the corporate

00:32:38.540 guys are back here

00:32:39.140 with their hands

00:32:39.660 out all the time.

00:32:40.480 They want, you

00:32:41.280 know, Marshall

00:32:41.860 plans and they

00:32:42.720 want the weapons

00:32:43.620 labs turned over

00:32:44.560 to them.

00:32:44.980 They got their

00:32:45.420 hands out all the

00:32:46.280 time and they got

00:32:46.880 their lobbyists

00:32:47.400 putting a squeeze

00:32:48.020 on people.

00:32:48.640 Big league, constantly.

00:32:50.200 But you mentioned

00:32:52.600 something like, hey,

00:32:53.500 how about this?

00:32:54.120 How about something

00:32:54.600 for the effort?

00:32:56.500 How about like 50%

00:32:57.800 of SpaceX?

00:32:58.880 And people are

00:32:59.340 trying to nationalize.

00:33:00.260 Well, I would

00:33:00.760 nationalize SpaceX, but

00:33:02.200 short of that, because

00:33:03.380 it's all government

00:33:04.120 contracts, it's all,

00:33:05.300 it's just taking over

00:33:06.100 NASA's launches.

00:33:07.860 It's performing a

00:33:08.800 function.

00:33:09.120 It should be well

00:33:09.740 paid for that

00:33:10.240 function.

00:33:11.060 And maybe even have

00:33:11.880 an entity that makes

00:33:13.120 them some money, some

00:33:13.900 asset value.

00:33:15.480 But not 100% of a

00:33:16.840 company that's $400

00:33:17.540 billion and they own

00:33:18.740 it all and you own

00:33:19.360 nothing?

00:33:19.700 No, no, no.

00:33:21.560 The problem with the

00:33:22.600 system, we have a

00:33:23.400 capitalist system with

00:33:24.220 no capitalists.

00:33:25.900 We have a capitalist

00:33:26.880 system with no

00:33:27.620 capitalists.

00:33:29.460 Those kids are coming

00:33:30.660 to these, coming to

00:33:31.980 these, these turning

00:33:34.280 point things and

00:33:35.100 lighting guys up, you

00:33:36.540 know, whether last

00:33:37.240 night it was, you

00:33:37.780 know, Eric Trump,

00:33:38.500 they're lighting up

00:33:38.920 and they're lighting

00:33:39.300 up Glenn Beck and,

00:33:40.380 you know, lighting up

00:33:41.500 everybody.

00:33:42.500 And just because they

00:33:43.560 happen to be the

00:33:44.180 host is not because

00:33:44.980 it's Glenn Beck or

00:33:45.600 Eric, it's just because

00:33:46.300 they happen to be the

00:33:46.900 host, they're lighting

00:33:47.360 them up.

00:33:48.520 These folks, these

00:33:49.540 kids and ones that

00:33:50.340 voted the other

00:33:50.840 day, they're Russian 0.98

00:33:52.680 serfs.

00:33:53.200 They don't own 0.98

00:33:53.680 anything and they're

00:33:54.140 not going to own

00:33:54.740 anything.

00:33:55.180 You're not going to

00:33:55.440 have family for,

00:33:56.060 your grandparents had,

00:33:57.460 my dad and mom were,

00:33:58.960 I don't know, married

00:33:59.660 at like 18 or 19 and

00:34:02.000 had five kids and my

00:34:02.960 mom was a stay-at-home

00:34:03.820 mom and he was a

00:34:05.100 foreman for the phone

00:34:05.940 company, right?

00:34:08.240 He could live on a,

00:34:09.140 live and have a, have

00:34:10.220 a great life, not

00:34:12.260 wealthy, but have a

00:34:13.220 great life and I mean a

00:34:14.300 great life and do it

00:34:16.280 on one salary of a

00:34:17.780 blue-collar guy.

00:34:20.540 These people got no

00:34:21.520 shot on a couple of,

00:34:22.480 on a couple of

00:34:23.040 salaries and the

00:34:23.600 women are saying, 0.99

00:34:24.240 hey, I'm not so sure

00:34:24.920 about your economic

00:34:25.680 potential, brother, so

00:34:28.260 let me think about this

00:34:29.500 one.

00:34:29.780 And of course, they've

00:34:30.360 been, the young women

00:34:31.160 have been totally

00:34:31.560 radicalized.

00:34:32.520 You have a capitalist

00:34:33.240 system and no

00:34:33.820 capitalist.

00:34:35.540 The tech bros aren't

00:34:36.560 capitalists, they're

00:34:37.260 corporatists, they're

00:34:38.480 oligarchs. 0.98

00:34:39.960 They want to have a

00:34:41.560 hundred percent of

00:34:42.120 everything, have you pay

00:34:43.380 for it and the devil

00:34:44.320 catch the hindmost.

00:34:46.200 That's what kind of,

00:34:46.980 and they got this

00:34:47.440 article out, the new

00:34:48.560 MAGA aristocrats. 0.55

00:34:49.800 Are you kidding me?

00:34:51.880 Are you kidding me?

00:34:53.040 You have a populist

00:34:53.920 movement and you're

00:34:54.880 going to have a bunch

00:34:55.300 of, a bunch of known

00:34:56.660 guys you don't have

00:34:58.140 nothing done, nothing

00:34:59.120 in their world, in

00:34:59.980 their lives of, raise

00:35:01.180 some money around

00:35:01.720 these narrow tech

00:35:02.800 stocks and all of a

00:35:04.300 sudden they're going to

00:35:04.900 come in, they're going

00:35:05.500 to be the new

00:35:05.960 aristocrats.

00:35:06.780 That's what, that's

00:35:07.160 what new, that's what

00:35:08.460 this country needs.

00:35:09.140 Having done managed

00:35:10.000 decline by the elites in

00:35:11.200 this country, what we

00:35:12.020 need, here's what we

00:35:13.140 need, a new

00:35:14.060 aristocracy.

00:35:15.780 Why didn't I think of

00:35:16.700 that?

00:35:16.880 That's what we need.

00:35:18.660 But a bunch of folks

00:35:19.460 have never done

00:35:19.880 anything in their

00:35:20.360 lives, never been

00:35:21.020 anywhere in their

00:35:21.480 lives, never served

00:35:22.120 the country, never

00:35:22.860 served the military,

00:35:23.780 never done anything in

00:35:24.840 their lives, but they

00:35:26.940 got a stock portfolio,

00:35:28.060 some of these tech

00:35:28.660 stocks, so man, they're

00:35:29.920 the geniuses.

00:35:30.660 All people like this

00:35:31.580 are geniuses in an age

00:35:33.420 of easy money when the

00:35:35.160 stock market, you bail

00:35:36.740 them out all the time.

00:35:38.280 We're going to see how

00:35:39.280 genius they are when you

00:35:40.720 get a little downturn.

00:35:41.660 And AI, I'm just

00:35:44.020 saying, it may not

00:35:44.820 happen.

00:35:45.660 I'm not a stock market

00:35:46.840 predictor, but we've

00:35:49.540 had a pretty good run

00:35:51.220 even before the 2008

00:35:52.300 one said, hey, let's

00:35:54.000 dump everything and get

00:35:55.560 out of this thing because

00:35:56.260 it's getting a little

00:35:56.720 edgy.

00:35:58.280 Philip Patrick, my man,

00:36:00.200 you've gone through a

00:36:01.200 couple of three of these

00:36:02.020 as an investment banker.

00:36:03.220 I'm just feeling, I just

00:36:04.180 feel it's so hyped, right?

00:36:06.460 And you're not really

00:36:07.220 seeing the results show

00:36:08.240 up anywhere in any kind

00:36:09.340 of earnings, because it's

00:36:10.060 very early.

00:36:11.120 But that's why it's kind

00:36:11.900 of overhyped.

00:36:12.600 And now they're coming

00:36:13.440 out and you can kind of

00:36:14.200 see, well, you know, we

00:36:16.580 just want to, you know,

00:36:17.260 the government's got to

00:36:17.860 have a role here.

00:36:18.680 It's got to have a role

00:36:19.280 not to regulate you, to

00:36:20.900 give you free money, to

00:36:23.020 give you a loan

00:36:24.040 guarantee.

00:36:24.580 You notice they don't

00:36:25.100 say, hey, could you come

00:36:26.460 in and help us think

00:36:27.260 through what's happening

00:36:28.900 here and make sure that

00:36:29.860 there's some guardrails so

00:36:31.180 we're not critting a

00:36:32.460 monster that eats the

00:36:33.480 world?

00:36:34.300 No, they ain't asking for

00:36:35.180 that.

00:36:35.460 No, they want that.

00:36:36.560 They're not going to

00:36:37.160 tolerate that.

00:36:37.920 They don't want anything

00:36:38.940 to do with that.

00:36:39.580 No, no, no.

00:36:40.120 Oh, the Chinese Communist 1.00

00:36:41.160 Party, the Chinese 0.99

00:36:41.980 Communist Party, well,

00:36:42.780 hey, we can shut the

00:36:44.000 frickin' Chinese Communist 0.97

00:36:44.940 Party down in a second.

00:36:47.140 First off, you get the

00:36:47.960 NVIDIA guy, who's their

00:36:49.820 salesman.

00:36:50.700 He's itching.

00:36:51.480 He's all itchy now to

00:36:53.380 get them chips to him.

00:36:54.400 Hey, it doesn't matter if

00:36:55.720 the Chinese Communist

00:36:56.320 Communist Party would be 0.81

00:36:56.520 good, if the Chinese 1.00

00:36:57.240 is going to be fair,

00:36:58.020 it's going to be...

00:36:58.440 Are you nuts, dude?

00:37:00.460 How dumb do you think

00:37:01.660 the American people are?

00:37:04.280 At least if you're

00:37:04.860 trying to hoodwink them,

00:37:06.340 at least show them the

00:37:07.280 respect, be sophisticated.

00:37:08.940 Don't just sit there and

00:37:09.680 go, oh, it doesn't matter

00:37:10.760 if it's a Chinese company

00:37:11.580 or the Chinese Communist Party.

00:37:12.300 Yeah, it matters a lot.

00:37:14.520 It matters a lot.

00:37:17.740 Philip Patrick, sir,

00:37:20.000 more than ever, gold is a

00:37:21.600 hedge.

00:37:22.020 Talk to me about it,

00:37:22.800 brother.

00:37:24.300 Gold is definitely a hedge.

00:37:25.660 We're seeing that.

00:37:26.560 To touch on the AI, I think,

00:37:30.000 look, it's clearly a bubble

00:37:31.520 and every late-stage bubble

00:37:32.920 needs a story.

00:37:34.120 In the 90s, it was the

00:37:35.220 internet.

00:37:35.740 In the 2010s, it was crypto.

00:37:37.620 Today, it's AI.

00:37:39.000 But look at valuations

00:37:40.600 across the entire sector.

00:37:42.180 They are completely detached

00:37:43.780 from fundamentals.

00:37:45.240 Even chip makers now admit

00:37:46.960 that they can't meet the

00:37:48.560 unrealistic expectations

00:37:51.280 being priced in.

00:37:52.660 Companies are spending

00:37:53.440 billions now on GPUs

00:37:55.720 and data centers

00:37:56.640 without any clear

00:37:58.400 profit models in mind

00:38:00.360 at all.

00:38:01.340 Meanwhile, we're seeing

00:38:02.280 energy and debt costs

00:38:03.800 exploding.

00:38:04.800 And these are two inputs

00:38:05.700 that you cannot fake.

00:38:07.540 What looks like economic

00:38:08.880 growth is actually

00:38:10.180 overinvestment at the top

00:38:11.940 of the credit cycle.

00:38:13.440 Look at the first half

00:38:14.820 of this year.

00:38:15.900 It was a great example.

00:38:17.320 AI expenditure

00:38:18.360 or expenditure on AI

00:38:20.220 related stuff.

00:38:22.200 Things like debt

00:38:23.440 data centers

00:38:24.160 contributed more

00:38:25.500 to GDP

00:38:26.240 than consumer

00:38:27.460 spending,

00:38:28.520 which during normal

00:38:29.580 times is about

00:38:30.440 two-thirds of GDP

00:38:31.760 growth.

00:38:32.800 But the big picture

00:38:33.600 is the one that we

00:38:34.300 talk about all the

00:38:35.380 time, right?

00:38:36.120 U.S. debt's now

00:38:37.060 over $38 trillion,

00:38:38.700 up more than $2 trillion

00:38:40.060 this year.

00:38:41.100 And the Fed's in a

00:38:41.920 tough position.

00:38:42.680 They can't raise rates,

00:38:44.080 but they can't cut

00:38:44.840 without reigniting

00:38:45.860 inflation.

00:38:47.360 We're in an era now

00:38:48.660 of fiscal dominance.

00:38:50.060 Washington is trapped.

00:38:51.140 It needs cheap money

00:38:52.040 to fund deficits,

00:38:53.040 so the Fed's going

00:38:54.200 to be forced to print,

00:38:55.400 not because of growth,

00:38:57.060 but because of insolvency.

00:38:58.900 And tech has become

00:39:00.380 the liquidity sponge,

00:39:01.920 right?

00:39:02.220 AI spending has become

00:39:03.640 the last speculative

00:39:05.200 outlet for cheap credit

00:39:06.980 before it evaporates.

00:39:08.500 You can think of this

00:39:09.240 as the dot-com phase.

00:39:11.500 Hang on.

00:39:12.320 Hang on.

00:39:12.780 That is so good.

00:39:14.140 We're going to get

00:39:14.940 rewind.

00:39:16.100 Go back to fiscal

00:39:17.760 dominance.

00:39:18.760 Just walk through.

00:39:20.940 You're right.

00:39:21.640 It's a little bit

00:39:22.040 of the trap.

00:39:23.080 This is what I was

00:39:23.580 trying to say this morning

00:39:24.420 of some of the structural

00:39:25.380 elements of the

00:39:27.200 American economy

00:39:28.120 and how it bolts

00:39:29.140 into the world economy.

00:39:30.320 Hit that again

00:39:31.120 for me, Philip.

00:39:32.820 Fiscal dominance

00:39:33.540 is the position

00:39:34.180 we're in.

00:39:34.580 It's when debt service

00:39:36.060 is driving Fed policy,

00:39:38.140 not fundamentals.

00:39:39.660 And like I said,

00:39:40.180 it's not because of growth,

00:39:41.580 but because of insolvency.

00:39:43.080 We're in a tough position

00:39:44.220 and we're stuck

00:39:44.960 in this loop.

00:39:46.020 And like I said,

00:39:47.000 there's a huge amount

00:39:48.040 of excess liquidity

00:39:49.100 out there

00:39:49.820 and tech has become

00:39:51.260 that liquidity sponge.

00:39:53.520 It's like the dot-com bubble

00:39:55.160 of the 2020s.

00:39:56.840 And yeah,

00:39:58.480 we're in a bad situation.

00:40:00.820 And of course,

00:40:01.880 we've seen this

00:40:03.040 in the past, right?

00:40:04.360 When bubbles burst,

00:40:05.800 liquidity flees to safety,

00:40:07.340 not into more paper claims,

00:40:09.040 but into tangible

00:40:10.220 stores of value.

00:40:11.180 By the way,

00:40:11.920 we got third quarter numbers

00:40:13.380 for gold buying.

00:40:14.200 It's a new record.

00:40:16.660 AI is-

00:40:17.620 Stop, stop, stop.

00:40:19.300 No, stop.

00:40:20.200 From the central banks,

00:40:21.240 it just came out.

00:40:22.260 Tell me about it.

00:40:25.520 Central banks,

00:40:26.380 third quarter numbers,

00:40:28.040 634 tons in total

00:40:30.980 for the first three quarters

00:40:32.620 of this year.

00:40:33.320 It was 220 tons

00:40:34.820 in the third quarter,

00:40:36.160 a 28% increase

00:40:37.700 on the previous quarter,

00:40:39.100 which, by the way,

00:40:40.100 was a record.

00:40:40.920 They're stepping up

00:40:41.760 significantly.

00:40:42.500 So about the central banks,

00:40:46.880 because the price

00:40:47.520 has been off a little bit,

00:40:49.040 but the central banks,

00:40:50.120 the buying of fiscal gold,

00:40:51.280 because you've had,

00:40:51.980 and folks,

00:40:52.320 you've got to understand,

00:40:52.920 you're going to get

00:40:53.320 speculators in here.

00:40:54.420 You're going to,

00:40:54.720 because people are seeing

00:40:55.560 there's a chance

00:40:56.220 to make some easy money,

00:40:57.240 right?

00:40:57.980 And so you just got

00:40:58.780 to kind of define,

00:40:59.840 this is why I always

00:41:00.760 send you over to Birch Gold

00:41:01.780 and to the dollar empire.

00:41:03.800 We're not here

00:41:04.260 to say you fish dinner.

00:41:05.800 We're here to teach you

00:41:06.580 how to fish

00:41:07.100 or to have you even better,

00:41:08.860 teach yourself.

00:41:10.280 Because the best things

00:41:11.180 you learn as you go back

00:41:12.240 and think about life

00:41:12.920 is not something

00:41:13.580 where somebody,

00:41:14.200 somebody,

00:41:14.600 a college lecturer

00:41:15.420 lectured you.

00:41:16.520 It's where you really went,

00:41:18.220 whether it's riding a bike

00:41:19.400 or, you know,

00:41:20.300 learning anything,

00:41:21.960 you know,

00:41:22.240 learning how to turn

00:41:23.560 a double play.

00:41:24.860 You have to learn it.

00:41:25.920 You have to do it.

00:41:26.560 You have to think about it,

00:41:27.660 right?

00:41:28.140 And this is what,

00:41:28.980 and this is what we try

00:41:30.060 to do with the folks

00:41:30.940 at Birch Gold

00:41:31.560 is give you access

00:41:33.180 to information

00:41:33.920 that you could do that.

00:41:35.060 Why is it important?

00:41:35.920 I'm holding you

00:41:36.400 through the break, Philip.

00:41:37.220 Why is it an important

00:41:38.260 indicator for the audience

00:41:40.420 to understand

00:41:41.240 about the central banks

00:41:42.380 now buying,

00:41:43.300 I don't know,

00:41:43.820 is this five quarters

00:41:45.120 in a row of record rates

00:41:47.400 of purchase, sir?

00:41:49.860 I mean, listen,

00:41:51.000 central bank money

00:41:51.800 is the smartest money

00:41:52.880 on the planet, right?

00:41:53.880 They understand currency

00:41:55.260 in a way that we do not.

00:41:56.840 I think it's very clear.

00:41:58.320 They're looking at

00:41:58.860 our debt position,

00:41:59.940 $38 trillion.

00:42:01.120 We cannot get a handle

00:42:02.300 on deficit spending.

00:42:03.540 The debt's exploding.

00:42:05.000 And they know

00:42:05.560 this only ever goes one way.

00:42:08.260 And gold is the solution.

00:42:09.800 Like I said,

00:42:10.260 I bring us back

00:42:10.880 to that Nicholas Taleb interview

00:42:12.580 a couple of months ago

00:42:14.120 where he told

00:42:14.820 the Bloomberg presenter

00:42:15.800 the dollar's losing

00:42:17.020 its global reserve currency.

00:42:18.520 And what we're seeing now

00:42:20.760 is a reversion

00:42:21.540 back to the norm.

00:42:22.680 Gold, sound money,

00:42:24.100 is becoming the norm

00:42:25.120 for central bank holdings.

00:42:26.660 And this is a reversion

00:42:27.680 to the rest of history.

00:42:29.840 What we saw from the 80s,

00:42:31.160 this experiment

00:42:31.880 using government debt,

00:42:33.620 it has clearly failed.

00:42:35.600 This is a revert.

00:42:38.460 Philip Patrick of Birch Gold,

00:42:40.080 hang on.

00:42:40.720 We're going to talk

00:42:41.080 a little capital markets.

00:42:43.080 Current economics,

00:42:44.600 next in the war room.

00:42:45.480 What if he had

00:42:59.600 the brightest mind

00:43:00.540 in the war room

00:43:01.340 delivering critical

00:43:02.480 financial research

00:43:03.600 every month?

00:43:05.220 Steve Bannon here.

00:43:06.260 War room listeners

00:43:06.880 know Jim Rickards.

00:43:07.940 I love this guy.

00:43:09.360 He's our wise man,

00:43:10.380 a former CIA,

00:43:11.560 Pentagon,

00:43:11.820 and White House advisor

00:43:12.940 with an unmatched grasp

00:43:14.620 of geopolitics

00:43:15.580 and capital markets.

00:43:17.020 Jim predicted

00:43:17.620 Trump's Electoral College

00:43:18.740 victory exactly

00:43:20.140 312 to 226,

00:43:22.900 down to the actual

00:43:24.480 number itself.

00:43:26.400 Now he's issuing

00:43:27.240 a dire warning

00:43:28.100 about April 11th,

00:43:29.620 a moment that could

00:43:30.500 define Trump's presidency

00:43:31.840 in your financial future.

00:43:33.900 His latest book,

00:43:35.360 Money GPT,

00:43:36.400 exposes how AI

00:43:37.520 is setting the stage

00:43:38.540 for financial chaos.

00:43:40.000 Bank runs

00:43:40.660 at lightning speeds.

00:43:41.580 Algorithm-driven crashes

00:43:43.340 and even threats

00:43:44.620 to national security.

00:43:45.660 Right now,

00:43:46.300 war room members

00:43:46.880 get a free copy

00:43:47.920 of Money GPT

00:43:49.560 when they sign up

00:43:50.500 for Strategic Intelligence.

00:43:52.240 This is Jim's

00:43:52.960 flagship financial newsletter,

00:43:55.420 Strategic Intelligence.

00:43:57.060 I read it.

00:43:58.160 You should read it.

00:43:59.220 Time is running out.

00:44:00.080 Go to

00:44:00.360 RickardsWarRoom.com.

00:44:01.920 That's all one word,

00:44:02.840 Rickards War Room.

00:44:03.820 Rickards with an S.

00:44:05.280 Go now

00:44:06.000 and claim your free book.

00:44:07.700 That's

00:44:07.980 RickardsWarRoom.com.

00:44:10.280 Do it today.

00:44:11.580 As he talks

00:44:12.380 about the future,

00:44:13.400 here's what he said

00:44:14.140 he believes

00:44:14.820 is possible

00:44:15.780 with a future

00:44:16.800 with millions

00:44:18.120 of Optimist Robots

00:44:19.380 in production.

00:44:21.580 You know,

00:44:22.180 people often talk

00:44:22.740 about, like,

00:44:23.980 eliminating poverty,

00:44:25.340 giving everyone

00:44:26.000 amazing medical care.

00:44:29.040 Well,

00:44:29.620 there's actually

00:44:30.080 only one way

00:44:30.540 to do that,

00:44:31.320 and that's

00:44:31.720 with the Optimist Robot.

00:44:34.560 With humanoid robots,

00:44:35.920 you can actually

00:44:36.400 give everyone

00:44:37.320 amazing medical care.

00:44:39.540 I'm not sure

00:44:42.700 how we're going

00:44:43.100 to get to that point,

00:44:43.840 but that's what

00:44:44.260 Elon Musk is talking

00:44:45.260 about today

00:44:45.840 at the test,

00:44:46.680 the shareholder

00:44:47.260 meeting in Austin,

00:44:49.060 Texas.

00:44:49.540 One last note,

00:44:50.280 Melissa,

00:44:50.820 in terms of...

00:44:52.040 Hang on,

00:44:53.540 I can't take it anymore.

00:44:55.420 We are not giving

00:44:57.240 financial advice here.

00:44:58.420 I just want people

00:44:58.920 to know that.

00:44:59.980 We're giving you

00:45:00.580 examples of

00:45:01.320 late-stage

00:45:02.700 bubble-ism.

00:45:04.240 When Elon

00:45:04.720 gets this

00:45:05.300 trillion dollar,

00:45:05.980 and remember,

00:45:06.480 so many things,

00:45:07.340 the value of the company

00:45:08.000 has got to go up

00:45:08.440 like 100 times,

00:45:09.080 when he gets

00:45:09.400 this trillion dollar

00:45:10.420 warrant package,

00:45:12.600 which is what I want

00:45:13.800 for every American citizen.

00:45:15.680 If Elon can get it,

00:45:17.360 why can't you get it?

00:45:19.760 Hell,

00:45:20.240 you're paying the bills,

00:45:22.020 the debt's being run up,

00:45:23.720 it's your dollar

00:45:24.520 getting crushed,

00:45:26.200 the inflation's hitting you,

00:45:27.520 why don't you just

00:45:27.900 get a little something

00:45:28.380 for the action?

00:45:29.680 It could even be,

00:45:30.340 some of it could be

00:45:30.820 out of the money.

00:45:33.140 American citizens first. 0.88

00:45:35.280 It's a whole way

00:45:36.060 to do this.

00:45:36.520 People say,

00:45:36.760 it's impossible,

00:45:37.400 it's just another,

00:45:37.940 no,

00:45:38.160 it's not a dream.

00:45:41.080 The things we talk about,

00:45:42.900 it's not like

00:45:43.440 it's the immutable laws

00:45:45.100 of nature,

00:45:46.160 it's not the second law

00:45:47.120 of thermodynamics,

00:45:48.860 that this ownership

00:45:49.860 has to be the ownership.

00:45:51.040 Remember,

00:45:51.520 we're not socialist,

00:45:52.740 we're not Marxist,

00:45:53.980 we're not communist,

00:45:55.240 we're actually capitalist.

00:45:57.800 The problem with our system

00:45:59.320 is we don't have

00:46:00.820 any capitalists.

00:46:01.440 They got all these

00:46:02.820 interviews with kids

00:46:04.100 and polls with kids

00:46:04.940 that come back,

00:46:05.460 these kids hate capitalism,

00:46:07.500 they're all socialists.

00:46:08.720 Well, hey,

00:46:09.060 they never had a shot

00:46:10.000 at capitalism.

00:46:12.080 They're at the receiving

00:46:12.840 end of corporatism.

00:46:13.680 The Russian serfs, 0.85

00:46:15.280 did the Russian serfs

00:46:16.320 sit there

00:46:16.720 and did they love capitalism?

00:46:17.980 No,

00:46:18.440 they'd never seen it

00:46:19.260 and what they saw of it

00:46:20.160 wasn't good.

00:46:21.880 That's where these kids are

00:46:23.860 and you remember

00:46:25.080 where the Russian serfs

00:46:27.380 led to.

00:46:28.740 That's the Bolsheviks 1.00

00:46:29.780 and that's what you got in,

00:46:31.080 that's what you got in right now

00:46:32.940 in New York City.

00:46:33.980 I kept warning you

00:46:35.500 at that National Conservancy,

00:46:37.620 I said,

00:46:38.040 hey,

00:46:38.240 ain't Tehran

00:46:39.040 where your enemy is right now?

00:46:40.320 Your enemy's in the streets

00:46:41.380 of New York.

00:46:41.900 Look at the DSA,

00:46:42.860 look at the Democratic Socialist

00:46:44.240 what party,

00:46:46.440 look at DSA

00:46:47.340 of what they want to do

00:46:49.460 with Israel

00:46:49.940 and Jewish people.

00:46:50.680 Look at it.

00:46:51.960 Check it out.

00:46:53.260 We're in dangerous territory.

00:46:54.740 We need more people

00:46:55.960 on our side of the football.

00:46:56.820 We need more capitalists.

00:46:58.720 One way to give them capitalists,

00:46:59.760 not just better wages,

00:47:00.780 that's income.

00:47:02.200 Let's get them a little

00:47:02.820 buy-in to the financial,

00:47:04.000 let's get them bought

00:47:04.820 into the financial structure

00:47:06.660 of the country.

00:47:08.760 You can do that

00:47:09.780 by reallocation.

00:47:11.460 It's simple.

00:47:13.200 The government should have

00:47:13.840 stakes in this.

00:47:14.340 These guys are grifting off you.

00:47:16.760 They've socialized the risk.

00:47:18.000 You're the sucker

00:47:18.920 that's going to guarantee

00:47:20.440 the loans.

00:47:22.060 You're the sucker

00:47:22.880 that's paying for all the,

00:47:24.220 everything that underpins it.

00:47:26.980 While they put these

00:47:27.880 little companies together

00:47:28.520 and they make it

00:47:29.160 a trillion dollars,

00:47:29.880 it's all for them.

00:47:30.900 Now, it doesn't work like that.

00:47:34.020 Philip Patrick,

00:47:34.960 now we're talking,

00:47:35.940 and here's Elon's scam.

00:47:37.820 Every time the reality

00:47:39.040 of the actual

00:47:39.960 operating income model

00:47:41.340 of making automobiles

00:47:42.680 becomes relevant,

00:47:43.760 hey, I don't think

00:47:44.580 this company's going to be

00:47:45.220 worth three trillion dollars.

00:47:46.440 He then adds AI.

00:47:48.260 He throws it.

00:47:48.740 Now it's robots.

00:47:50.080 Robots are going to,

00:47:51.000 his pitch,

00:47:51.700 robots are going to save humanity.

00:47:53.340 Philip Patrick,

00:47:53.860 are you feeling good now?

00:47:58.840 Sorry.

00:47:59.320 Did I lose five?

00:47:59.700 I've never felt,

00:48:00.360 oh, there you are.

00:48:00.820 That was my mistake.

00:48:01.920 Sorry, Steve.

00:48:02.780 That's good.

00:48:03.120 I've never felt more underpaid

00:48:06.060 than I do currently.

00:48:08.180 But all joking aside,

00:48:11.680 I think this is a clear signal

00:48:13.960 that things have gone too far.

00:48:15.980 When Elon can ask his shareholders

00:48:17.780 for a trillion dollar paycheck

00:48:19.420 or when Sam Altman can say

00:48:21.500 with a straight face

00:48:22.480 that he needs one and a half

00:48:23.960 or two trillion dollars

00:48:25.280 for AI data centers,

00:48:28.360 you know,

00:48:28.900 money means nothing

00:48:30.100 to these people, right?

00:48:31.480 Things have gone way too far.

00:48:35.020 But, I mean,

00:48:36.100 this is clearly

00:48:37.100 late stage barbalism, right?

00:48:39.300 When everybody stops pretending

00:48:40.760 money means anything,

00:48:42.820 money's meaningless,

00:48:44.380 you know,

00:48:45.180 it's just an absolute disaster.

00:48:47.540 It's cynical

00:48:48.080 and just nonsense.

00:48:50.440 But it's a reflection of reality.

00:48:52.460 Yeah.

00:48:52.740 Sorry.

00:48:53.220 This is one of the CNBC guys.

00:48:56.340 Because remember,

00:48:56.760 CNBC is supposed to be cheerleaders

00:48:58.840 for these companies.

00:49:00.440 That's for the companies.

00:49:01.240 You notice the advertising

00:49:02.300 is all from these companies

00:49:03.500 or guys selling you stocks.

00:49:05.780 So they're not going to sit there

00:49:06.920 and tell you the downside.

00:49:08.420 When Elon makes the things,

00:49:09.640 well,

00:49:09.800 all medicine in the future

00:49:11.060 is going to be robots.

00:49:11.980 And they come back to the guy,

00:49:13.120 his eyes are crossed.

00:49:13.860 Well,

00:49:14.000 he didn't exactly explain

00:49:15.020 how that's going to happen,

00:49:16.240 but he's just tossing it out there.

00:49:17.780 On the day,

00:49:18.740 they got to approve his $1 trillion pay package.

00:49:23.540 Philip,

00:49:23.960 I want people to get to Birch Gold.

00:49:25.480 I wanted to learn

00:49:26.040 how to work with you guys.

00:49:26.940 Where do they go?

00:49:28.320 Very simple.

00:49:29.500 Birchgold.com forward slash Bannon.

00:49:32.260 Again,

00:49:32.780 Birchgold.com forward slash Bannon.

00:49:35.660 Get the information,

00:49:36.920 a ton of good information,

00:49:39.180 end of the dollar empire reports,

00:49:41.100 how and why to invest in gold.

00:49:43.180 It has never been more important

00:49:44.780 than it is today.

00:49:46.360 And then they can reach me

00:49:47.640 on Getter at Philip Patrick.

00:49:51.760 Philip Patrick,

00:49:52.680 thank you so much for joining us.

00:49:53.900 Appreciate you.

00:49:54.440 Appreciate all the work

00:49:55.320 you're doing with Birchgold.

00:49:57.020 Thank you for having me.

00:49:57.900 Go over and learn.

00:49:58.700 The other thing you do,

00:49:59.620 you take,

00:50:00.220 just take your phone out,

00:50:01.460 text Bannon,

00:50:02.040 B-A-N-N-O-N-9-8-9-8-9-8,

00:50:04.220 get the ultimate guide.

00:50:05.300 It shows you about the IRAs,

00:50:07.620 401ks,

00:50:08.220 all of it.

00:50:09.440 What they do is

00:50:10.180 they flood the zone

00:50:11.020 with information

00:50:12.320 to make sure that you've got it

00:50:13.560 so you can make

00:50:14.060 rational decisions.

00:50:17.640 Tomorrow,

00:50:18.800 we've got a great

00:50:20.520 six o'clock hour,

00:50:21.340 so stick around.

00:50:22.080 Tomorrow,

00:50:22.620 we're actually going to be going

00:50:23.520 between Children's Health Defense.

00:50:25.760 Also,

00:50:26.240 if we can pull it off,

00:50:28.160 don't know if we can pull it off

00:50:29.160 because you're going to be

00:50:29.760 at a factory,

00:50:31.220 doing a factory tour,

00:50:32.500 but the Secretary of Treasury,

00:50:34.800 Scott Besson,

00:50:35.880 one of our old colleagues here

00:50:37.260 and one of the contributors

00:50:38.060 to the War Room,

00:50:39.560 is going to be there

00:50:40.620 and we're going to try

00:50:41.400 to talk about this

00:50:42.200 to both the big,

00:50:45.280 beautiful bill

00:50:45.860 and the supply-side tax cut

00:50:48.040 to bring capital equipment here,

00:50:50.920 manufacturing back here,

00:50:52.240 right,

00:50:52.640 the bet,

00:50:53.860 plus what's happening

00:50:54.740 in the Supreme Court

00:50:55.480 on the tariff

00:50:56.420 and trade deal,

00:50:58.180 plus the focus

00:51:00.380 on affordability

00:51:01.160 and bringing prices down,

00:51:02.920 particularly the key.

00:51:03.780 Remember,

00:51:04.120 the key is to drive

00:51:05.660 energy costs down

00:51:07.280 by full-spectrum energy dominance.

00:51:12.100 Okay,

00:51:12.340 stick around.

00:51:13.580 Second hour is upon us.

00:51:14.600 The right stuff

00:51:15.220 is going to take us out.

00:51:17.220 I want to thank

00:51:17.660 the Home Title Lock.

00:51:20.460 Right now,

00:51:22.020 and remember,

00:51:22.940 you're lucky enough

00:51:23.840 to own a home.

00:51:24.640 If you're lucky enough

00:51:25.380 to own a home,

00:51:27.020 make sure that every dream

00:51:28.180 you have

00:51:28.960 that's in that home

00:51:30.060 does not turn

00:51:31.520 to a nightmare.

00:51:33.060 What do you do?

00:51:33.480 HomeTitleLock.com

00:51:34.620 promo code Steve.

00:51:36.560 We were trying to have

00:51:37.160 Natalie Dominguez on today.

00:51:38.780 Didn't pull that off.

00:51:39.740 Maybe tomorrow.

00:51:40.360 I'd love her.

00:51:40.800 She's done such a great job.

00:51:42.760 HomeTitleLock.com

00:51:43.640 promo code Steve.

00:51:45.200 Make sure that no

00:51:46.160 rogue AI,

00:51:47.840 cyber,

00:51:48.800 a rogue attorney,

00:51:50.080 lawyer,

00:51:50.680 friend of the family,

00:51:51.640 buddy of yours,

00:51:52.500 maybe significant other

00:51:53.720 can get their hands

00:51:55.540 on that title

00:51:56.400 and monetize it.

00:51:57.800 No, no, no, no, no, no, no.

00:51:59.020 That's only for you.

00:52:00.380 HomeTitleLock.com

00:52:01.300 promo code Steve.

00:52:03.040 Short break.

00:52:03.960 Back for the second hour.

00:52:05.000 Next.

00:52:11.800 Okay, let's be honest.

00:52:12.780 You never thought

00:52:13.280 it would get this far.

00:52:14.220 Maybe you missed

00:52:14.840 the last IRS deadline

00:52:16.440 or you haven't filed

00:52:17.460 taxes in a while.

00:52:19.120 Let me be clear.

00:52:20.060 The IRS is cracking down

00:52:21.400 harder than ever

00:52:22.440 and this ain't gonna go away

00:52:24.080 anytime soon.

00:52:25.700 That's why you need

00:52:26.660 Tax Network USA.

00:52:27.840 They don't just know

00:52:29.340 the IRS.

00:52:30.040 They have a preferred

00:52:30.980 direct line to the IRS.

00:52:33.360 They know which agents

00:52:34.340 to deal with

00:52:34.920 and which to avoid.

00:52:35.940 Their expert negotiators

00:52:37.120 have one goal.

00:52:39.480 Settle your tax problems

00:52:41.280 quickly and in your favor.

00:52:43.760 Their team has helped

00:52:44.600 clear over $1 billion

00:52:46.320 in tax debt.

00:52:47.920 Whether you owe

00:52:48.540 $10,000 or $10 million.

00:52:50.780 Even if your books

00:52:51.940 are a mess

00:52:52.640 or you haven't filed

00:52:53.440 in years,

00:52:54.020 Tax Network USA

00:52:55.160 can help.

00:52:56.280 But don't wait.

00:52:57.720 This won't fix itself.

00:52:59.320 Call Tax Network USA

00:53:00.620 right now.

00:53:01.800 It's free.

00:53:02.820 Talk to a strategist

00:53:04.280 and finally put

00:53:05.320 this behind you.

00:53:06.960 Call 1-800-958-1000.

00:53:10.100 That's 1-800-958-1000.

00:53:13.380 Or visit

00:53:13.920 tnusa.com

00:53:15.880 slash Bannon.

00:53:17.060 Make sure you tell

00:53:17.760 them Bannon

00:53:18.100 you'll get a free

00:53:18.940 evaluation.

00:53:19.760 That's 1-800-958-1000.

00:53:23.100 Do not let

00:53:24.160 letters from the IRS

00:53:26.020 or your failure to file

00:53:27.780 work on your nerves anymore.

00:53:30.180 Take action,

00:53:31.360 action,

00:53:32.060 action

00:53:32.440 and do it today.

Bannon's War Room - November 06, 2025

Episode 4908： Bringing Brennan To Account; Failure Of The Capitalist System With No Capitalists

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