Bannon's War Room - Episode 5082： Day 2 Of Davos; Minnesota Somalis Donate To ACT Blue

00:00:00.200 Justice Department investigation, which initially focused on Minnesota Governor Tim Walz and Minneapolis Mayor Jacob Frey, is expanding.

00:00:06.640 The New York Times reports federal prosecutors have issued subpoenas to at least five Democratic officials in Minnesota beyond Waltz and Frey.

00:00:14.160 Two people familiar with the matter tell the New York Times that prosecutors are seeking documents from the Mayor of St. Paul, Khali Hare,

00:00:22.140 the State Attorney General, Keith Ellison, and Mary Moriarty, the Hennepin County Attorney.

00:00:26.780 We halted all refugee admissions to the United States, including from Somalia, which is a terrible, terrible place and other dangerous places. 1.00

00:00:36.540 And we also stopped the pirates because they get the same treatment as the drug boats.

00:00:43.060 So when Somalia, the Somalians, you know what they're good at? 1.00

00:00:45.680 That's about the only thing they're good at is they're good at pirating ships at sea, big ships.

00:00:52.680 So you have a huge oil tanker with millions of gallons, millions of barrels of oil.

00:01:00.560 And if it gets hit by a big weapon, the whole thing blows up.

00:01:05.700 And they don't want to fight because if they do, they're told by their insurance companies, do not hand over the ship.

00:01:11.700 And they're not allowed to have any guns on the ship that literally you have these massive ships being taken over by a Somalian small boat with a big weapon. 0.72

00:01:23.760 Because if they hit the side of the ship, the ship can blow up to I mean, you talk about a blow up bad.

00:01:29.800 We've seen we've seen some bad things happen.

00:01:32.400 And the insurance companies, some of these ships cost more than a billion dollars to build.

00:01:37.780 And the insurance companies say, look, we'd rather give them money than take a chance on a billion dollar insurance policy.

00:01:45.640 But they don't have to worry about it because we hit them the same way we hit the people with the drugs in their boat.

00:01:52.000 They don't know what the hell happened.

00:01:54.020 But all of a sudden, there are no pirates at sea.

00:01:57.900 Do you notice?

00:01:58.480 We haven't had a boat taken in a little while.

00:02:00.300 We came out of Somalia, a really corrupt place. 1.00

00:02:03.900 It's not a country.

00:02:04.700 They don't have government.

00:02:05.620 They don't have anything.

00:02:07.380 I always hate to see this.

00:02:09.720 Ilhan Omar, she comes from Somalia, a backward country, probably the worst country. 1.00

00:02:16.640 They say it's the worst country in the world if it's a country.

00:02:19.060 I don't even think it's a country.

00:02:20.200 There's no organization knowing it.

00:02:22.620 They don't have police.

00:02:23.660 They don't have military.

00:02:25.320 They don't have anything.

00:02:25.940 They just have people running around, killing each other and trying to pirate ships.

00:02:30.520 But she'll come here and comes. 0.93

00:02:34.620 And then she wants to tell us how to run our country.

00:02:37.300 The Constitution says that I have a title to this.

00:02:41.260 I can't stand her. 0.91

00:02:42.640 They're looking at whether these local officials have violated a statute that makes it a crime to conspire to obstruct federal officers in the course of their duty.

00:02:50.860 But what we're talking about here is First Amendment protected activity by public officials, elected officials in the state of Minnesota and by various cities, essentially advising their citizens on how to fulfill their civil rights and how to behave if they're confronted by ICE agents.

00:03:07.920 And denouncing what they see as an invasion of their community.

00:03:11.220 Before we got on the air, I was watching video of a news conference by a local Minnesota police chief who said that even members of his own department, people of color entirely, he said, are being pulled over by masked ICE agents and who are demanding proof of citizenship.

00:03:27.340 And only when they present their police ID are they allowed to go.

00:03:30.020 These are men with guns drawn.

00:03:31.360 This is happening every day around the country, but particularly in Minnesota, and these local officials are trying to put a stop to it.

00:03:38.100 So we have an incredible clash here between the federal government, the awesome power of the Justice Department and the federal government, and local elected officials in a way that we haven't seen ever in the history of this country.

00:03:49.360 I think something's going to happen that's going to be very good for everybody.

00:03:53.860 Nobody's done more for NATO than I have, as I said before, in every way.

00:03:59.980 Getting them to go up to 5% of GDP was something that nobody thought was possible.

00:04:06.500 And pay.

00:04:07.360 At 2%, they weren't paying.

00:04:09.160 At 5%, they are paying.

00:04:11.460 And they're buying a lot of things from us, and they're giving them, I guess, to Ukraine.

00:04:15.520 That's up to them, but they're giving them to whoever they're giving them to.

00:04:18.200 But they're buying a lot.

00:04:19.060 I think that we will work something out where NATO is going to be very happy and where we're going to be very happy.

00:04:26.320 For decades, countries like Canada prospered under what we called the rules-based international order.

00:04:32.180 We joined its institutions.

00:04:33.760 We praised its principles.

00:04:35.080 We benefited from its predictability.

00:04:38.360 And because of that, we could pursue values-based foreign policies under its protection.

00:04:42.460 We knew the story of the international rules-based order was partially false.

00:04:48.860 That the strongest would exempt themselves when convenient.

00:04:52.240 That trade rules were enforced asymmetrically.

00:04:56.540 And we knew that international law applied with varying rigor depending on the identity of the accused or the victim.

00:05:05.180 This fiction was useful.

00:05:07.660 And American hegemony, in particular, helped provide public goods, open sea lanes, a stable financial system, collective security, and support for frameworks for resolving disputes.

00:05:19.800 So we placed the sign in the window.

00:05:23.460 We participated in the rituals.

00:05:25.500 And we largely avoided calling out the gaps between rhetoric and reality.

00:05:32.080 This bargain no longer works.

00:05:35.740 Let me be direct.

00:05:37.280 We are in the midst of a rupture, not a transition.

00:05:41.280 Over the past two decades, a series of crises in finance, health, energy, and geopolitics have laid bare the risks of extreme global integration.

00:05:49.580 But more recently, great powers have begun using economic integration as weapons.

00:05:56.500 Tariffs as leverage.

00:05:57.940 Financial infrastructure as coercion.

00:05:59.860 Supply chains as vulnerabilities to be exploited.

00:06:02.660 You cannot live within the lie of mutual benefit through integration when integration becomes the source of your subordination.

00:06:13.360 The multilateral institutions on which the middle powers have relied, the WTO, the UN, the COP, the architecture, the very architecture of collective problem solving are under threat.

00:06:29.500 And as a result, many countries are drawing the same conclusions, that they must develop greater strategic autonomy in energy, food, critical minerals, in finance, and supply chains.

00:06:41.640 And this impulse is understandable.

00:06:45.320 A country that can't feed itself, fuel itself, or defend itself has few options.

00:06:50.380 When the rules no longer protect you, you must protect yourself.

00:06:55.160 But let's be clear-eyed about where this leads.

00:06:59.060 A world of fortresses will be poorer, more fragile, and less sustainable.

00:07:04.260 And there's another truth.

00:07:05.760 If great powers abandon even the pretense of rules and values for the unhindered pursuit of their power and interests,

00:07:14.820 the gains from transactionalism will become harder to replicate.

00:07:21.460 Hegemons cannot continually monetize their relationships. 1.00

00:07:27.100 Allies will diversify to hedge against uncertainty.

00:07:30.160 They'll buy insurance, increase options, in order to rebuild sovereignty.

00:07:36.800 Sovereignty that was once grounded in rules, but will increasingly be anchored in the ability to withstand pressure.

00:07:44.700 And you spoke earlier about the 2020 election.

00:07:47.840 Now that Maduro is in U.S. custody and he was criminally charged,

00:07:51.940 has any more information emerged that you could share with us regarding Venezuelan election software

00:07:57.060 and Venezuelan ties to tampering with the 2020 election?

00:08:00.680 And would you consider speaking to Maduro personally in prison in New York

00:08:05.340 to get some answers on Venezuela's involvement with the 2020 election?

00:08:08.840 No, I don't think I would be doing that.

00:08:10.760 I think my lawyers would be very unhappy if I did that.

00:08:13.740 Yeah, they've learned some things.

00:08:15.620 How far are you willing to go to acquire green?

00:08:18.860 You'll find out.

00:08:19.740 We saw a rally in hard assets, gold and silver, most notably Krishna.

00:08:24.980 Is that the way to go?

00:08:25.880 I mean, if you want to go risk off, is it going to be anywhere in equities

00:08:29.580 or is it better, a better risk off trade to be in metals?

00:08:33.820 So, look, metals are crowded.

00:08:35.540 Metals are very richly valued.

00:08:37.280 But I think it is a sobering point to consider that the U.S. Treasury is not performing

00:08:43.440 the normal safe haven role in this moment, just as it didn't in April last year when we had

00:08:50.540 the Liberation Day tariff shock.

00:08:52.840 Now, to date, the moves right in this latest episode are much more muted.

00:08:57.560 And again, you'd expect that if you think that investors are putting a 70, 80 percent

00:09:01.460 or more probability that this Greenland business gets wrapped up.

00:09:05.400 But if the Treasury is not acting as the safe haven asset, something else has to, gold and

00:09:10.920 precious metals, Swiss franc, the list isn't very long.

00:09:13.980 This is the primal scream of a dying regime.

00:09:22.120 Pray for our enemies, because we're going medieval on these people.

00:09:27.340 Here's one time I got a free shot at all these networks lying about the people.

00:09:31.600 The people have had a belly full of it.

00:09:33.500 I know you don't like hearing that.

00:09:34.940 I know you try to do everything in the world to stop that, but you're not going to stop it.

00:09:37.620 It's going to happen.

00:09:38.680 And where do people like that go to share the big line?

00:09:42.320 Mega Media.

00:09:43.220 I wish in my soul, I wish that any of these people had a conscience.

00:09:49.100 Ask yourself, what is my task and what is my purpose?

00:09:52.840 If that answer is to save my country, this country will be saved.

00:09:59.240 War Room.

00:10:00.060 Here's your host, Stephen K. Bannon.

00:10:09.160 Welcome.

00:10:09.880 It's Tuesday, 20 January, Year of Alert 2026.

00:10:12.520 It's the one-year anniversary of President Trump.

00:10:14.320 By this time a year ago, I remember we were pardoning the J6, and our coverage was amazing 1.00

00:10:19.640 when we came back to the 5 o'clock, because President Trump had already done so much from

00:10:23.720 our morning show that got right up to the time of the oath of office one year ago.

00:10:28.260 Today, what a year.

00:10:30.340 And man, what a day today in news.

00:10:32.580 I've got Philip Patrick, Norbin Laden, Natalie Winters.

00:10:37.440 Join me.

00:10:37.960 I want to start with Philip first.

00:10:39.060 And Philip, I understand with gold and silver where they are.

00:10:42.880 It's very hard to pry you away from the desk and to get your focus, but I had to bring this

00:10:47.880 on.

00:10:48.040 Let's deal with Carney in a second, because I don't think President Trump and Carney are

00:10:53.140 going to be besties anymore.

00:10:54.940 But gold and silver as a safe haven asset, this thing started today with the Japanese 1.00

00:10:59.820 bond market blowing up.

00:11:02.120 And then you had this whole situation with Greenland.

00:11:05.100 This rush to, I think, gold went past $4,700.

00:11:10.880 Silver is closing on $100.

00:11:13.240 That would be two barrels of oil, shockingly.

00:11:16.820 Walk us through when they say, if treasuries can't be, then, because there's all kind of

00:11:22.220 issues about the twos and the tens, the safe haven asset will be gold and physical gold

00:11:30.720 and silver.

00:11:31.840 Your thoughts, sir?

00:11:32.480 Yeah, I mean, I think it's absolutely correct.

00:11:36.940 And we've been talking about this for years now.

00:11:39.320 We're starting to see things unfold in real time.

00:11:42.660 But I think what we saw today from the meeting was a combination of two things.

00:11:47.000 It was fear.

00:11:47.860 And from a financial perspective, it was risk management, which unfolded in real times.

00:11:53.560 Financial markets obviously closed today, but gold and silver prices exploding.

00:11:57.780 And I think this is what it looks like when governments, central banks, pension funds and

00:12:04.180 so-called middle power nations, as Carney referred to Canada as today, start to ask one question.

00:12:11.840 What happens if the dollar is no longer neutral?

00:12:15.120 And we know that markets don't make speeches.

00:12:17.760 What they do instead is reprice risk.

00:12:20.440 And I think precious metals will pick up a lot from that.

00:12:24.560 Listen, the post-World War II order was an order based on trust and cooperation.

00:12:30.320 And the dollar and government debt thrived in that climate.

00:12:33.760 But I think what we're seeing internationally now, trust is breaking down.

00:12:37.580 And gold is coming back to the fore as the currency for international trade because it doesn't

00:12:43.960 require trust.

00:12:44.900 And we're in a climate with very little trust.

00:12:49.000 We had Ursula on today and she almost gave us like she cribbed the end of the dollar empire. 1.00

00:12:55.640 She talked about Nixon, the thing.

00:12:57.020 But then she implied that their future independence, their future sovereignty as Europe depended upon

00:13:03.980 getting off the U.S. dollar as a prime reserve currency.

00:13:07.520 And this is coming after Carney in the room with the Chinese Communist Party said that their

00:13:12.840 pledge, their working together, this new relationship is going to have Canada supporting the Chinese

00:13:19.500 currency and kind of implied so they get more strength in the world or implied that it could

00:13:25.180 be an alternative to the U.S. dollar.

00:13:27.080 Give me a minute on that for a go to break.

00:13:28.960 I want to hold you through the break.

00:13:29.900 Your thoughts.

00:13:31.360 So this is what we talked about.

00:13:33.380 It started with the BRICS.

00:13:34.860 The big concern for us was not that the dollar was going to lose its global reserve currency

00:13:39.620 basis overnight.

00:13:40.640 It is far too intense and far too powerful for that.

00:13:44.520 The concern was to force the world into BRICS and incentivize them to start finding alternatives. 0.99

00:13:54.460 And it's exactly what happened.

00:13:55.920 I think the Europeans are learning from the BRICS and it's starting to unfold in real time.

00:14:00.820 Wow.

00:14:03.640 Wow.

00:14:04.860 Unfolding of the prime reserve currency along with risk management.

00:14:09.020 Looking for a safe haven asset.

00:14:11.360 Gold and silver on fire.

00:14:12.640 Remember, folks, it ain't the price.

00:14:14.580 It's the process.

00:14:16.140 Go to Birch Gold right now.

00:14:17.860 Two alternatives.

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00:14:26.840 There's no obligation.

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00:14:35.160 And this has all the methodologies.

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00:14:38.720 But you can talk to Philip directly.

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00:14:57.980 Short break.

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00:16:29.140 War Room.

00:16:30.600 Here's your host, Stephen K.

00:16:32.700 Bannon.

00:16:36.460 Okay, Philip.

00:16:38.500 From Ursula in the morning, in her talk, to Carney in the afternoon, these were not maybe eulogies for the post-war international rules-based order.

00:16:51.000 As we've talked to this audience and shared with them over the years that this is shattering, this is the key to globalization and the extraction of value from American citizens and the crippling of this country.

00:17:04.260 It may not be the eulogy, but let's say it's the celebration of life.

00:17:08.000 It's a celebration of life, not a full funeral.

00:17:10.540 Your thoughts.

00:17:12.660 Carney was pretty to the point.

00:17:15.160 I mean, coming – here's the thing about Carney.

00:17:17.380 He's a Goldman Sachs train.

00:17:18.500 He ain't going to back down.

00:17:19.580 What he did in Beijing I thought was awful.

00:17:22.840 But he went to Davos, and he wants to be the kind of leader of the middleweights, right? 0.92

00:17:30.380 He's saying, hey, Starmus all screwed up.

00:17:33.820 Macron's got the sunglasses on. 0.93

00:17:35.220 He may be in the black eye club.

00:17:36.440 Who knows?

00:17:37.960 It's weird wearing the glass.

00:17:39.300 I'm sure he's got some eye infection.

00:17:40.800 I don't even want to ask where he got it from.

00:17:44.560 Your thoughts on Carney – on Ursula and Carney's celebration of life for the post-war international rules-based order, sir?

00:17:53.220 Look, I think foreign investors, central governments have realized something crucial.

00:17:58.480 When the dollar is weaponized, they're holding the other end of that weapon, and political risks start to get repriced globally.

00:18:06.120 In Canada, talks of China as a trusted partner.

00:18:10.460 I don't think this is ideology.

00:18:12.320 This is diversification language.

00:18:14.620 Today, Carney basically said the quiet part out loud.

00:18:18.680 He talked about a new global order, referenced the middle powers, saying that they cannot rely anymore on a single system.

00:18:25.960 And he pushed back on tariffs and economic coercion, not as a protest, but as prudence.

00:18:32.380 And I think this reminded me a lot of Lula's speech at the end of the BRICS summit.

00:18:38.200 Now, we can call this anti-Americanism, but I think they're starting to see it more as risk management.

00:18:44.360 And Ursula von der Leyen referenced Nixon's closing of the gold window, as you mentioned, in 71.

00:18:50.540 This wasn't a history lesson on her behalf.

00:18:53.720 I think this was an admission that a system that has run on confidence for so long, and confidence in the global order is no longer assumed.

00:19:03.440 My biggest concern of all is you don't come out and say that publicly unless capital is already moving.

00:19:10.660 And that's the big concern for me.

00:19:14.660 Yeah, the America First trade that Scott Besson, we had the secretary on today, has it turned into a sell America trade?

00:19:21.540 We're going to develop this.

00:19:22.640 And, Philip, more than ever, folks, I say this until I'm blue in the face.

00:19:26.820 This is why we've been doing this with Philip and the team at Birch Gold for five years.

00:19:30.140 This is why we started when gold was $1,000.

00:19:33.320 And this is what we talked to Philip and his team about right away.

00:19:35.660 I said, we're not going to sell gold on the show.

00:19:37.740 We're not going to just talk about the price.

00:19:39.080 Let's talk about the process.

00:19:40.980 And you'll have an informed consumer.

00:19:43.340 And, of course, it's $4,700 a day and silver's through the roof.

00:19:46.260 I want people to go get the end of the dollar empire.

00:19:49.620 We started off talking about populism and currency in the dollar as the core to the Bretton Woods system.

00:19:58.260 Literally, Ursula ripped off. 0.99

00:20:00.420 I mean, we should have trademarked this thing.

00:20:03.220 She lifted it right from the pages that we talked about.

00:20:05.700 And that's fine because this is a very important lesson.

00:20:09.380 And it's only going to get crazier and crazier.

00:20:12.840 Trust me, we're in a fourth turning.

00:20:14.120 This ain't stopping anytime soon.

00:20:16.100 And Trump, over there tomorrow, he's going to drop the hammer as he did in his one hour and 45 minute press conference today.

00:20:23.040 End of the dollar empire.

00:20:24.020 Go to birchgold.com, promo code Bannon.

00:20:26.040 End of the dollar empire.

00:20:27.000 If you make a qualifying purchase, you get a signed copy, the hard copy, from yours truly.

00:20:31.880 And I don't want to see him up on eBay because I know they're going to fetch big bucks.

00:20:35.740 Philip, I want people to talk to you.

00:20:37.840 It's not the price.

00:20:38.880 It's the process.

00:20:40.480 This is only going to get crazier.

00:20:42.100 And now they've just said, hey, a safe haven asset for the world is probably gold and silver.

00:20:47.340 And this is why the central banks have been buying it with both hands for three years with records over three years.

00:20:51.900 Philip Patrick, how do they get to you?

00:20:53.460 How do folks get to you and talk to you?

00:20:54.700 It's very simple.

00:20:56.340 It's birchgold.com forward slash Bannon or they can text Bannon to 989898.

00:21:03.500 Get access to free information.

00:21:05.820 Get access to end of the dollar empire reports.

00:21:08.480 We're putting out information all the time.

00:21:11.160 And I'm getting concerned we're writing it into reality because everything we've been talking about for the last few years is unfolding.

00:21:19.700 So birchgold.com forward slash Bannon.

00:21:22.760 And just get the information and get reading, please.

00:21:26.240 The pathfinder.

00:21:28.340 I'm going to bug you later.

00:21:29.200 I want you on the show a couple more times, particularly after President Trump's talk tomorrow.

00:21:32.180 Philip Patrick, thank you.

00:21:33.320 Go back to the desk.

00:21:34.240 I'll bug you later.

00:21:35.660 Thank you, Steve.

00:21:36.400 Noor bin Laden. 0.56

00:21:38.120 You've been both following the main stage.

00:21:40.240 You've been following really the breakout sessions, which are so important for what's really going on.

00:21:45.200 What's your latest report on Davos, ma'am?

00:21:47.240 I'd like to add, actually, to that speech that Mark Carney gave because it was incredibly, incredibly important.

00:21:57.080 And I really urge the posse to go listen to it in full.

00:22:00.440 I'll be watching it a second time myself because he said so many critical things, especially when he talks about this rupture in the world order and the end of a pleasant fiction and the beginning of a harsh reality when he describes this inflection point where we find ourselves.

00:22:19.660 And I found that his speech was actually incredibly strong in tone and unlike the other people that are presenting there, you know, we discussed Larry Fink, Macron with his sunglasses, because who knows what happened to him underneath underneath them.

00:22:38.660 But Carney's no joker.

00:22:41.700 Do not imply.

00:22:42.640 Do not do not imply.

00:22:44.240 Do not do not imply that Macron's part of the black eye club.

00:22:47.980 Let's let's avoid that.

00:22:49.360 Well, Carney, no, Carney.

00:22:51.000 And I don't say this because he worked at Goldman Sachs.

00:22:53.300 Two options.

00:22:54.340 Hold it.

00:22:55.300 Carney's a very serious guy.

00:22:57.000 He's a very serious guy.

00:22:58.280 Yeah, he's that speech.

00:22:59.800 And Grace and Mo, if you can put it up, I agree.

00:23:02.440 Everybody in this audience, because this audience is the smartest audience out there.

00:23:05.540 You got to listen to this, because unlike Ursula, I was relatively unimpressed by her.

00:23:11.620 He brought the heat.

00:23:13.540 And President Trump, trust me, Scott Besson is going to be sitting down with President Trump tonight.

00:23:18.040 And I think Marco and they're going to President Trump's going to have a few rejoinders in his.

00:23:22.820 He's not going to let that just lay out there.

00:23:24.600 Do you think do you think, Nora?

00:23:27.580 No, absolutely not.

00:23:28.740 And to Mr. Patrick's point, you know, he was clearly given the green light to telegraph and to share this message with the audience and the world, essentially.

00:23:40.140 And when he says that the rules-based order is fading, it completely aligns with what Ursula von der Leyen was saying earlier today.

00:23:48.780 These people coordinate and they're very much in lockstep.

00:23:52.160 And we talked about the opening of China around the early 1970s, you know, with Kissinger, with Nixon, all the moves that were made at that time to transform China into the manufacturing superpower of the world.

00:24:10.240 And by that, with the destruction of the U.S. manufacturing base.

00:24:17.580 And I would say if we look at the big picture, it is clear that we are moving towards a cashless society.

00:24:26.340 This is also what they've been telling us for a few years now.

00:24:29.760 Christine Lagarde, you know, as the head of the European Central Bank, preparing for the rollout of digital, the digital euro in early 2027.

00:24:39.240 So 2026 is going to be a critical year.

00:24:43.240 And I feel that what's happening in Davos this week is the starting point of that transition, so to speak, or this rupture, to use the term of Mark Carney.

00:24:55.220 And coming back to him, absolutely, he's a very, very serious guy.

00:24:59.700 And we need to be looking at him.

00:25:01.180 You know, he's not some actor that was selected to be a president of one of those nations like, I believe, excuse me, Macron was.

00:25:10.000 You know, you look at the pedigree of Mark Carney, as you mentioned, 13 years, Goldman Sachs, governor of the Bank of Canada, chairman of the Bank of International Settlements Committee on the Global Financial System,

00:25:24.020 Group of 30 of the World Economic Forum of Leading Financiers and Academics, Bilderberg Group attendee several years, chairman of the FSB Financial Stability Board,

00:25:36.840 and more importantly, most importantly, governor of the Bank of England, of course, which is what he's most known for.

00:25:43.520 And he was a major proponent of ESG, net zero, also in terms of his role with the United Nations and all of the climate scam that the audience is going to be very familiar.

00:25:57.100 But you could tell he's a big deal.

00:26:01.560 He's not one of those mere puppets, I would say.

00:26:05.180 So we have to pay attention to him.

00:26:06.640 And the reason he's an interesting figure because of his background, and he is a hardcore globalist.

00:26:14.780 I mean, hardcore.

00:26:15.800 He thinks nationalism is a pestilence.

00:26:19.980 One thing I've noticed, I'm going to take you through the break.

00:26:22.240 Natalie's going to join us also.

00:26:23.340 She's been here since the beginning.

00:26:24.860 One thing I noticed, maybe it's just me and what I've caught in watching this, there's a much more serious tone to Davos this year.

00:26:33.240 In the past, they've had this kind of, you know, fluffy DEI, ESG, you know, Davos man, people skipping around.

00:26:40.880 This is between the AI, the energy needs for AI, the, you know, the post-war international rules-based order, what President Trump's doing, the rise of nationalism, right?

00:26:50.960 You had Carney, you know, spit that out a couple of times, not just populism, but now nationalism.

00:26:55.900 It seems to me, and I haven't seen all the breakout sessions, that there's a much more somber and a much more serious tone as the globalists understand this thing's coming apart, ma'am.

00:27:07.080 No, absolutely.

00:27:09.560 And Secretary Bassan made a very good point earlier as well on the show with you, Steve.

00:27:14.620 He said that the EU has no cloud, and you're seeing this happening there.

00:27:20.220 There's a point, we're at a point right now where they're forced to choose to side with either the U.S. and their tech oligarchs or China.

00:27:29.400 And this is what Mark Carney clearly signaled a few days ago during this meeting and his visit with Chinese officials, that he was clearly choosing China over the United States of America, especially in light of all of this Greenland talk.

00:27:46.020 You can feel that there are lots of tensions, and I'm very much looking forward, obviously, to President Trump's speech tomorrow to see how he's going to handle that.

00:27:54.340 But alongside with all the heaviness and the seriousness that you just mentioned, which I think you're absolutely spot on, the levity and joking nature of President Trump is much welcome.

00:28:06.780 I really enjoyed the memes that he posted last night.

00:28:11.480 I thought those were hilarious.

00:28:13.480 He's been on a roll.

00:28:16.200 And, of course, that hour and 45 minutes today from the press briefing room, short commercial break.

00:28:21.060 Natalie Wynn is going to join us, Noor Bin Laden, from Switzerland, all about Davos.

00:28:26.200 Short break.

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00:30:21.720 Here's your host, Stephen K.

00:30:26.100 Bannon.

00:30:29.580 Norbin Laden.

00:30:30.360 It's late.

00:30:30.920 You got to get up early tomorrow.

00:30:31.940 You can be with us for our all-day coverage of President Trump's arriving.

00:30:34.600 President Trump is actually staying on Thursday now for the first, I think, committee meeting of the peace conference or the peace committee.

00:30:43.120 Your closing thoughts, ma'am.

00:30:44.720 And where can we get you?

00:30:45.820 What's your social media?

00:30:46.560 Sure, Steve.

00:30:49.020 Yes, much, much more to cover.

00:30:50.760 We haven't even broached all of the AI stuff, which probably kicked off today.

00:30:55.120 Yuval Noah already gave a very interesting talk as well.

00:30:58.460 So I encourage the audience to go watch that in full because it was very, very interesting.

00:31:03.900 And tomorrow we'll cover all the latest developments out of Davos, especially with this address by President Trump.

00:31:11.060 You can find me at norbinladden.substack.gov.com and on Twitter at norbinladden.

00:31:19.620 Nor, thank you for staying up very late tonight.

00:31:21.740 And we'll see you first thing tomorrow when we open the show.

00:31:24.500 See you, ma'am.

00:31:25.420 Thank you.

00:31:26.120 See you tomorrow.

00:31:26.940 Bye.

00:31:27.120 So, Natalie, you've been with us and riding shotgun with me in these Davos things for, what, five years?

00:31:37.320 I noticed that Zelensky's not front and center, but you were also the lead investigator, I think, in all of Washington, D.C., about the Chinese Communist Party.

00:31:46.840 And now you've had Carney.

00:31:48.220 It's out in the open, right?

00:31:49.740 They're looking for alternatives away from President Trump in the United States, the globalists.

00:31:53.740 First, your thoughts on the opening couple days of Davos, of the World Economic Forum, with the new mayor of Davos, Larry Fink.

00:32:03.960 Well, I think it's a different tone than we're used to seeing.

00:32:07.180 And I think part of that shift is because before I think what they wanted to do was sort of have us voluntarily comply, right, with what they were trying to roll out.

00:32:16.280 I think we saw that in these euphemistic, you know, HR department approved terms like the Great Reset.

00:32:21.060 But now they've almost shifted from compelling and there almost seems like a more coercion or it's sort of this like post-talk, it's already happened analysis.

00:32:28.400 We're already in this new post-rules-based international order shifting to a new world order, which I was told we were conspiracy theorists for daring to even say that term for a very long time.

00:32:39.560 And I think that that is quite interesting because in a weird way, they're almost affirming the victories of MAGA, of President Trump, of, you know, the audience that composes this show by using our sort of conception of sovereignty, as you've always talked about, right?

00:32:55.800 Like the Westphalian nation state, sort of using that as a pretext to then justify shifting away from that because they find that inherently problematic.

00:33:04.620 And I always say whenever you hear people like that who have never used the word sovereignty before, it doesn't exist in their vernacular.

00:33:10.780 And then all of a sudden they start talking about it like Kamala Harris did on the campaign trail.

00:33:14.760 That is an immediate red flag because it's sort of this weird distortion of what they are talking about sovereignty actually meaning.

00:33:23.440 And I think when they talk about, right, this euphemistic new world order, I think it sort of links back in a weird way.

00:33:30.020 It's sort of this horseshoe theory of agreement with, I think, President Trump's take on where we stand right now in America.

00:33:35.480 It's why they're taking all these desperate measures, right?

00:33:37.800 We're at an inflection point.

00:33:39.400 And I would argue it through the lens, you know, more so of the Chinese Communist Party, where we're really at the inflection point of this idea of a Thucydides trap, right?

00:33:47.240 You have a rising power versus a declining power, saying that the United States is the latter.

00:33:53.820 But it seems like the World Economic Forum is sort of the, you know, in kaleidoscope, in full color, really prediction and rollout of what a future global order looks like, not just where the Chinese Communist Party is in control, right?

00:34:07.640 That's part of Mark Carney's recent media tour.

00:34:11.080 But it's also just this complete, I mean, they're saying what we've said they've been admitting to, or at least clandestinely doing for years, which is usurping national sovereignty, trying to destroy populist movements in favor of a new world order.

00:34:25.940 So it's sort of this weird vindication that we've been right, but we don't want to be right on this stuff.

00:34:30.620 Talk to me about, in your investigation, this guy's a former head of the Bank of England and now Prime Minister of Canada, one of our, I think, our largest trading partner.

00:34:41.820 He refers to the Chinese Communist Party consistently as a trusted partner.

00:34:46.900 Your observations on that?

00:34:48.600 Well, look, you can always tell a lot about how compromised people are by the Chinese Communist Party by the way that they describe them, right?

00:34:55.640 You got everything from competitor, that's maybe the harshest, to ally, to friend.

00:35:00.420 But trusted partner going all in, even using an adjective and referring to them as a partner is something that even for me, I'm not typically used to hearing that descriptor.

00:35:08.760 Like I said, I think that part of this is an ideological compromise, right?

00:35:13.820 They hate the United States, or at least what the United States stands for now, which is secure borders, national sovereignty, the idea that tariffs actually mean something that only works if you believe borders mean something.

00:35:25.440 And I think that the Chinese Communist Party, the reason why people like Mark Carney are so drawn to the way that they rule, it's not just that they're all to their core Marxists,

00:35:34.960 but I also think they actually just like real autocracy, right?

00:35:38.660 They like the repression of people who they disagree with, of dissidents, right?

00:35:44.120 Like we've always said, January 6th was like the American version, I think, of like the Hundred Flowers campaign, right?

00:35:49.320 They want to identify opposition only to crush them.

00:35:52.740 And that's why there's such a convergence there.

00:35:55.960 Obviously, you know, I could chapter and verse you on what's going on in Canada.

00:35:59.640 People know that.

00:36:00.240 But Steve, like you've been so ahead of the curve and brilliant on it has to do with their northern border, too.

00:36:04.760 This all has to go back to obviously the Chinese, I think, I would say having a sort of trying to counter the United States interest to shore up where our key vulnerabilities are, 1.00

00:36:14.500 which is, of course, in rare earths and critical minerals.

00:36:17.180 And now that the United States has sort of launched a full scale assault, kind of a whole, not just of government, but a whole of society, right?

00:36:23.780 You've seen that with the public-private mergers and things like the Mountain Pass mine deal to try to fix that problem.

00:36:28.840 It's like game on.

00:36:30.320 And in some ways, you know, the kinetic part of World War III hasn't started.

00:36:34.060 I'm sure we could have a debate if it actually has, if it started years ago.

00:36:37.080 Ukraine, the Middle East, take your pick.

00:36:39.340 But this is sort of like a weird form of the kinetic aspect of World War III where you're seeing it be about, you know, industrial policy,

00:36:46.420 the ability to even build the missiles and the rockets that are going to be launched to advance, you know,

00:36:51.320 whether it's AI or the tech space that they're also talking about a lot at the World Economic Forum,

00:36:55.700 which we've seen obviously become a critical part of warfare, too.

00:36:58.920 So it's spooky.

00:37:00.380 It's an eerie feeling.

00:37:02.120 Maybe I finally understand how the legacy media feels in the White House briefing room when President Trump is in there.

00:37:09.960 Okay, I want to play.

00:37:10.860 You've got a couple of clips.

00:37:11.780 I want to play this and tee it up on all these issues about this insurrection.

00:37:15.460 Let's go and play it.

00:37:16.320 Bring Natalie back. 0.95

00:37:16.980 And the other is the movement to tell our top military commanders, to instruct our top military commanders to refocus their attention on what Donald Trump called internal enemies and a war from within.

00:37:32.900 And that is literally Pinochet stuff.

00:37:35.300 That's the kind of language that we heard in South America in the 1970s.

00:37:39.960 So these initial efforts, they're not yet terribly successful, but these initial efforts to politicize the military, if that continues, if they have any success in that, is a very, very dangerous thing.

00:37:54.600 Let me just add what might have been a fourth thing but actually didn't really materialize, but worried me a lot of the time, was the aftermath of the Charlie Kirk assassination.

00:38:02.680 When the government really ramped up the rhetoric about all of the Democratic Party and much of civil society being terrorist or being linked to terrorism, and which would have been or could have been a justification to crack down much more widely on opposition.

00:38:23.700 They didn't do that, but there were a couple of weeks there where it looked like that could open up a new level of repression.

00:38:37.380 So that was sort of a – something that could have been much worse.

00:38:43.520 I know you highlight these peaceful protests on your show regularly.

00:38:48.560 Do you think they do any good?

00:38:50.380 Do you think that anything comes from them?

00:38:52.460 Yes.

00:38:53.240 You do?

00:38:53.700 Yes, I do.

00:38:55.260 I mean, in political science terms, there's what's called the 3.5% rule, which is that if you look at authoritarian regimes of various kinds all over the world, over the last, like, century,

00:39:09.100 once you have 3.5% of a population protesting nonviolently against a dictator or an authoritarian, that is essentially an unstoppable force that they can't oppose.

00:39:23.260 And that precludes them from consolidating and that precludes them from consolidating dictatorial power.

00:39:26.700 Three and a half percent.

00:39:27.640 Three and a half percent.

00:39:28.280 It's not that much larger a number than what we're already seeing in the streets against Trump.

00:39:32.200 Wow.

00:39:35.520 They went there on Pinochet to explain what we just saw, ma'am, because they're not being shot, and they brought Charlie Kirk up in the assassination.

00:39:44.960 It's just mind-boggling.

00:39:46.400 Walk me through that.

00:39:47.720 Well, look, it's not a 100 days celebration if we can't have a little bit of a meltdown montage, so I thought it was important to air that, which, by the way, happy 100 days.

00:39:59.340 It's awesome to be here.

00:40:00.940 But the two individuals speaking before are someone, Steve, that we have talked about well before these 100 days.

00:40:06.720 They're sort of the architects of a lot of this color revolution framework, I would say, the sort of academic counterpart to the Norm Eisen's of the world.

00:40:13.260 One of them is a they-them by the name of Erika Chenoweth, who essentially came up with that 3.5% figure. 0.74

00:40:18.940 And the other is Stephen Levitsky, who has used basically the, I would say, guise of studying other countries and how those regimes have been toppled, typically led by, you know, United States back to color revolutions, but how they have deposed regimes.

00:40:33.000 And I think now we've certainly seen those tactics be used here against President Trump.

00:40:37.880 And why this is so important is because you can see the media, I think, already sort of creating the permission structure for violence, just outright violence, to be used in these protests.

00:40:48.720 I mean, we've already seen it.

00:40:50.040 We've seen the pictures.

00:40:51.580 You know, there's a wild Axios story out today.

00:40:53.860 You sent it to me, Steve.

00:40:54.960 But tracking the increase of Americans, specifically on the left, who think that political violence is okay.

00:41:02.720 And it's reaching new heights.

00:41:04.700 As of January 16th, 34% of those polled agreed that Americans, quote, may have to resort to violence in order to save our country.

00:41:11.020 That's up from 11% in October and down from 40% at the June No Kings protest.

00:41:16.940 That, of course, being, you know, the indivisible, all these sort of left-wing groups coming together under this big consortium to basically depose Trump.

00:41:25.280 And I think there's a very telling quote in that article from the executive director of the Women's March.

00:41:29.600 And I'll read it.

00:41:30.260 It says, I don't think that there's an intervention that will have the MAGA regime see the error of its ways.

00:41:33.960 I do think there are interventions that demonstrate the political, electoral, and financial cost of authoritarianism.

00:41:38.900 And I think that what you can take from that, and you see it in their tactics, they're not looking to have a debate, right?

00:41:44.580 They're not looking to change our hearts and minds.

00:41:46.940 They are just trying to use violence.

00:41:48.720 And we saw that with Charlie Kirk.

00:41:50.000 The other reason that I played that clip is the way that, I mean, talk about callousness, but the way that that individual, Stephen Levitsky, talks about the Charlie Kirk assassination,

00:41:57.940 they point to that as something that was unfortunate for their side because the Trump administration tried to crack down on the left-wing groups that I'm sure riled up the person who shot him.

00:42:09.220 And the irony in all of this is that those are the people who are lecturing us on violence.

00:42:13.300 And again, if you have to create a whole center called nonviolent protesting, that's up at Harvard.

00:42:17.860 That's what the Erica Chenoweth chick runs. 1.00

00:42:19.880 Maybe you should check the kind of work that you're involved in.

00:42:22.880 And it's quite interesting.

00:42:23.960 There's this new term where they're talking about tactical frivolity.

00:42:28.400 I've gone way too deep in how they describe these protests, but it is an intentional strategy where they're trying to make these protests look very joyful and fun and kind of crazy with the stuffed animals and just weird childlike.

00:42:40.240 I'm sure there's other pathologies going on there that are animating that.

00:42:43.420 But some of the research that this Erica Chenoweth chick has done is to try to create these mass protests to be as inviting as they can from a psychological perspective.

00:42:54.400 Some more Americans will get involved.

00:42:57.000 And just about a week ago, she put out a very long report talking about how Gen Z in particular is linked to forming a lot of these protests, these demonstrations, and how these so-called nonviolent protests very quickly and accidentally suddenly seem to turn violent.

00:43:13.380 And that's where you sort of get this weird limited hangout idea of the 3.5 percent, which I think can maybe be best to understand how they took over the United States government. 0.95

00:43:23.420 But what they're talking about is that if you can just get 3.5 percent of the population in any country to basically turn on the ruling elites, that you'll have a revolution on your hands.

00:43:32.900 And that's sort of the fire that they use to keep going, all of these protesters.

00:43:38.520 And another interesting thing, like I said, I watch way too much of this resistance content, so forgive me, but is that they, in their weird perverted ways, are talking about how they're trying to reclaim the Constitution.

00:43:51.100 Quote, people were reclaiming core values and principles those expressed in the Constitution and the Declaration of Independence.

00:43:57.080 And I think you see that weird sort of thought, I mean, now you see people with guns and talking about how important the Second Amendment is in Minnesota.

00:44:04.660 It's like, now they're all for states' rights? What?

00:44:10.180 Insurrectionist sanctuary cities. Just hang on one second, and I'll take a short break. Right back.

00:44:15.260 We will break till they're all gone. We rejoice when there's no more. Let's take down the CCP.

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00:46:03.680 War Room.

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00:47:19.300 Natalie Winters, you've done so much about this color revolution.

00:47:23.120 What's upon us?

00:47:24.880 When you do the show, the people you bring on, the Mike Benz's of the world,

00:47:27.760 all of it is just amazing.

00:47:29.480 In Minnesota today, Pam Bondi went out there because they've sent subpoenas, I guess, from

00:47:35.180 a grand jury to Fry, to the governor, to now five more Democrats about this insurrection.

00:47:40.540 Your thoughts on this, ma'am?

00:47:41.820 Well, I don't really know if it's, you know, a conspiracy that Democrats have conspired and

00:47:48.260 established Republicans have conspired in that state to actually destroy it and hollow it from

00:47:52.020 the inside out by importing third world foreigners who steal more money than the GDP of the country 1.00

00:47:57.040 that they came from while importing their horrific Islamic values. 1.00

00:48:00.520 But I think if you look at the scandal that at least has popped up recently, right, obviously,

00:48:05.740 the government grant stuff, I think that's certainly part of it.

00:48:09.380 But I would certainly encourage the Trump administration to, I think, get to the heart

00:48:13.340 of the matter with what is going on there, which is that a lot of these charities, these shady

00:48:18.880 ones that have received government grants, and I've reported a lot of this on my substack,

00:48:23.060 are also listed on the Act Blue registry, and there's even one organization in particular

00:48:28.780 that got $3 million recently to just, like, build a new building to empower Somali women 0.98

00:48:33.740 to do what?

00:48:34.500 I don't know.

00:48:35.980 But very shortly after, she also happens to be the director of a political action committee

00:48:41.180 that wants to, you know, rid America of racism and bring about equity by supporting candidates

00:48:47.640 like you guessed it, Keith Ellison and a bunch of other Democrats.

00:48:51.340 The chick is a, you know, wild left-wing activist type hosting Keith Ellison for dinner after 0.93

00:48:55.400 dinner.

00:48:55.780 So I would suggest that we really make this scandal what it is, right?

00:49:00.260 This is weird money laundering.

00:49:02.400 This is weird kickbacks to buy votes.

00:49:04.640 And how do you know it?

00:49:05.660 You can tell from the mass mobilization that you're seeing in the streets.

00:49:09.300 When do you ever see Democrats organized to the level that they're organizing now?

00:49:12.840 They've always been ticked off about mass deportations.

00:49:15.360 It's because I think if you really look at what this is about, it's about campaign finance,

00:49:19.260 and it's about how they've been importing blocks of third world people to help control

00:49:24.500 and shape elections.

00:49:25.720 And I would encourage the Trump administration to get very serious about this because you

00:49:31.320 can tell that the, you know, antibody resistance to this is quite strong.

00:49:35.900 To call it a disease is an understatement.

00:49:38.600 I think this is, you know, something that you can see replicated not just in Minnesota, but

00:49:43.260 across every single state, and it's not just charity or scamming for the sake of scamming's

00:49:49.500 sake.

00:49:49.660 How do these Somalians even end up in Minnesota? 1.00

00:49:51.960 They don't know how to, and most of them don't even speak English, or a lot of them 0.92

00:49:55.860 don't.

00:49:56.080 You think they're filling out government grants?

00:49:57.820 That's like the most difficult process ever.

00:50:00.280 So I would look into the political ties.

00:50:02.660 You've absolutely nailed it.

00:50:05.440 We're going to have War Room Texas on next.

00:50:08.040 And it's not just blue states.

00:50:09.680 I just don't think this is California, Illinois, and New York, where the next focus is.

00:50:14.660 This thing has got, I'm telling you, when you pick the scab down in Texas, you're going

00:50:18.980 to find a lot of pus that runs out of that. 0.99

00:50:21.140 This thing is nationwide, and it's deep in red states.

00:50:24.920 Natalie, amazing work.

00:50:26.080 Where do people get you on your Substack?

00:50:27.660 Where do they get you on all your social media, ma'am?

00:50:32.120 Natalie G. Winters on x, nataliejuinters.substack.com.

00:50:36.380 And happy 100 days.

00:50:38.520 I hope, maybe we need to do Project 2026 now.

00:50:44.700 Thank you, ma'am.

00:50:45.600 Appreciate you.

00:50:47.420 Natalie Winters.

00:50:49.380 Incredible.

00:50:50.540 Mike Lindell.

00:50:53.260 The situation in Minnesota, I got to tell you, this audience is so proud of you, of what

00:50:59.380 you're doing and putting yourself through.

00:51:00.540 You're leaving for another debate right now.

00:51:02.560 We'll talk about that tomorrow.

00:51:03.640 Right now, people are just all over these sales you're doing.

00:51:08.140 Let's hit the sales, and we'll talk about it tomorrow.

00:51:09.720 But I got to tell you, this mess in Minnesota, which you called out years ago, it's 10 times

00:51:16.040 worse than people think.

00:51:17.120 And it's got to be sorted out.

00:51:18.160 It will be sorted out.

00:51:19.360 And you're going to be one of the key guys because you're a Minnesotan, and you love your state.

00:51:24.540 And it's just outrageous what's happened there with these foreigners and these progressives. 1.00

00:51:28.940 It's sickening what's happened.

00:51:30.640 What do you got for us?

00:51:31.660 Sell me a pillow.

00:51:32.680 Sell me a topper.

00:51:34.360 It really is.

00:51:36.760 It's horrific.

00:51:37.540 And you guys, I am leaving for another debate.

00:51:39.480 I got to go right around North Minneapolis tonight.

00:51:42.460 But I wanted to get on here to not leave the War Room Posse without the biggest sale of

00:51:47.660 the year.

00:51:48.080 This is our mattress made in the USA and topper sale.

00:51:51.960 We have new technology with our toppers, copper infused.

00:51:55.380 It gives you the best sleep, the best delta sleep you'll ever get. 0.83

00:51:59.680 Sleep is about temperature and pressure points.

00:52:01.980 On the queen size, on one of the toppers, we have over 10,000 individual comfort supports.

00:52:09.660 These were built.

00:52:10.740 I helped make them.

00:52:11.720 I helped make them, design them.

00:52:13.420 They were built to give you great sleep.

00:52:15.580 That's what it's all about.

00:52:17.020 They have a 10-year warranty.

00:52:18.880 You guys can turn any bed into the best bed in history as low as $99.97.

00:52:24.340 Queen size, I think, is $149.97.

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00:52:34.300 We have any mattress.

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00:52:41.880 You cannot beat it.

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00:52:45.300 I sleep on one every night.

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00:52:49.140 But not only that, go to mypillow.com forward slash war room.

00:52:53.120 There you see this biggest bedding sale we've ever had with the mattresses, the beds, the comforters, the mattress pads.

00:53:01.460 But I want to add in, and this is our blanket sale that I added today.

00:53:06.000 These blankets, we have over six different styles.

00:53:09.800 We're selling them out to the war room posse as low as $25 a blanket.

00:53:14.700 It's cold outside, but it's warm inside.

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00:53:19.300 Promo code war room, 800-873-1062.

00:53:24.720 You guys, I'm heading to the debate.

00:53:26.520 I won't have time to take some calls, but my operators are standing by to give you the best sale ever.

00:53:31.700 Mike Lindell, go with God.

00:53:35.900 Godspeed.

00:53:36.700 We love you, brother.

00:53:37.380 We got your back.

00:53:38.560 Take off.

00:53:40.940 Mypillow.com, promo code war, most powerful promo code in the business.

00:53:45.400 Go there, check it out tonight.

00:53:46.360 Stick around.

00:53:48.740 We've got a lineup on War Room Texas.

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Bannon's War Room - January 20, 2026

Episode 5082： Day 2 Of Davos; Minnesota Somalis Donate To ACT Blue

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