Bannon's War Room - Episode 5379： Texas Goes After Transgender Indoctrination And Child Mutilation; Chaos At The Fed

00:00:00.000 this is the primal scream of a dying regime pray for our enemies because

00:00:09.960 we're going medieval on this people here's not got a free shot all these

00:00:14.380 networks lying about the people the people have had a belly full of it I

00:00:18.780 know you don't like hearing that I know you try to do everything the world to

00:00:21.800 stop that but you're not gonna stop it it's going to happen and where do people

00:00:25.040 like that go to share the big line mega media i wish in my soul i wish that any of these people

00:00:32.800 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my

00:00:40.740 country this country will be saved war room here's your host stephen k band

00:00:47.960 it's monday 18 may in the year of our lord 2026 early voting starts today in the great state of

00:00:59.660 texas we have to kick off the week the great attorney general of the great state of texas

00:01:05.680 ken paxton general paxton a couple things i just want to get because we keep up with your your

00:01:11.700 activity and your press releases, two things. Number one, you've got a historic settlement

00:01:16.960 on this, I guess, transgender ideology and the practical implication of it. You've also

00:01:23.480 gone after this H-1B visa scam, and this time with Chinese nationals. Let's start with the, 1.00

00:01:30.240 I guess it's detransitioning. Walk me through the settlement, because I know you've been 0.98

00:01:34.980 on top of this from day one. Yeah, we've been fighting this transgender movement for years, 1.00

00:01:41.020 way before it was cool to do so and we sued texas children's hospital they're not the first 1.00

00:01:45.760 one we sued we've actually pushed hospitals out of the state we've gotten doctors licenses taken

00:01:51.120 but this was this is historic we sued them texas children's hospital about a year ago

00:01:55.880 and the settlement that we've reached is they are going to fire all the doctors all the woke

00:01:59.960 doctors that were doing these procedures they're also going to adopt compliance measures so that

00:02:05.080 they cannot do this again. And then they're contributing 10 million to the state. And part

00:02:11.000 of that 10 million is going to pay for detransitioning service for these children who

00:02:16.600 otherwise don't have the resources to go back and remedy some of the problems these doctors have

00:02:21.660 created. But over the next five years, they can go to Texas Children's Hospital and the services

00:02:26.160 are free. So I'm very excited about this. I don't know of any other place in the country

00:02:29.620 that has gotten this kind of result and we're just i'm just so pleased to have this done

00:02:35.560 because i you know we followed this and i think we reported on this a couple of years ago

00:02:40.020 here's the to me the most powerful thing is that texas children's hospital is one of the finest

00:02:46.520 children's institutions in the country this is not some back alley you know abortion clinic or

00:02:52.380 not some back i mean not some back alley marginal where they're doing this this is a revered

00:02:56.700 institution, not just in the state of Texas, but throughout the world. I mean, you went and took

00:03:00.920 on, and there's a lot of these institutions that have been radicalized that a lot of people are

00:03:06.460 just afraid of taking on. Why did you decide to take it on, sir? Look, I was so sad seeing what

00:03:11.880 was happening to these children. They're making decisions for them. Some of these procedures

00:03:16.500 can't be reversed, but either way, it's a very costly and emotionally challenging position to

00:03:22.300 put children in when their brains are not fully developed to make decisions that affect their

00:03:26.480 entire lives. So I just felt like we needed to protect these children. It's been one of the main

00:03:30.720 themes of my work over the last, say, five years to try to figure out a way to stop this,

00:03:36.160 at least in Texas, and maybe send a message to the rest of the country, this is not a good idea.

00:03:40.560 Let's stop doing this. Let's protect these children. And this is one case where we've

00:03:46.480 actually been successful in doing that. How did this ideology get so embedded in such a revered

00:03:52.880 institution that normally is at the cutting edge of quality care you know how the progressive

00:03:58.960 movement works they get they start talking about it it becomes their talking point ends up in

00:04:03.340 universities colleges it becomes part of the media it becomes accepted there's you're almost you

00:04:08.540 almost feel bad if you speak out and i remember when we when we first spoke out we i put out an

00:04:13.160 opinion saying that i thought this is probably four or five years ago saying that i believe that

00:04:17.540 this was child abuse and that was the first sort of salvo that we had and then shortly thereafter

00:04:22.780 I was trying to put pressure on the legislature to do something about it, and they did.

00:04:26.140 They followed that up with legislation banning these procedures in Texas and giving me the authority to stop it and hold these hospitals and doctors accountable, and that's what we've done. 1.00

00:04:37.220 Talk to me about this, the Chinese nationals and the H-1B visas. 0.94

00:04:41.380 From spending time in Texas, I can tell you, right below the Sharia law, people are outraged by the abuse of the H-1B visa scandal. 0.78

00:04:51.160 Well, we've been focused on. Obviously, I can't do anything about the federal law, but I can stop them, stop these companies from deceiving consumers in Texas. And this particular company, Chinese nationals running it, advertising in China, come to Texas, have your baby, we'll do it on a tourism visa, and we'll hide it from the federal government.

00:05:14.460 So they've been doing this for like 20 years. And we found it. We went and researched actually advertisements. We'd have people translate. And we all said AI translate. And that's how we found their advertisements in China. And so they would bring their babies over here, have them. They'd become citizens. And they've been doing this for 20 years. So think about it. 0.96

00:05:31.460 The Chinese Communist Party can now send these people over as citizens to vote, to run for political office, to any political office. 0.84

00:05:38.240 And so it's very dangerous for our country. And so we've sued them. 0.95

00:05:42.400 We are going to hold them accountable. We've sued them for damages and we've sued for an injunction to stop them from ever doing this again.

00:05:50.980 Talk to me. Today is the first day of early voting.

00:05:53.660 You know, all of a sudden it's been a you talk about transformations and transitioning.

00:05:58.200 John Cornyn's transitioned from a do-nothing supporter of the established corrupt order into a fire-breathing populist nationalist grassroots fighter on all the topics that are interesting.

00:06:12.900 How did that happen?

00:06:13.840 How did – you talk about transitions.

00:06:16.300 How did this transition take place?

00:06:17.860 Because it's pretty remarkable.

00:06:19.920 It was a very fast conversion.

00:06:21.640 When he found out I was running, the conversion occurred like that.

00:06:25.080 He will detransition shortly after the election back to the real John Cornyn, who is speaking of detransitioning, back to the Mitch McConnell guy that he is.

00:06:37.660 He's a Mitch McConnell, Washington guy that spends his life there, that lives there.

00:06:42.000 His daughter works as a lobbyist there.

00:06:43.620 He is fully committed to the Washington world, whether it's Democrat, Republican, helping Joe Biden, fighting Donald Trump.

00:06:49.820 and we will get that John Cornyn back as soon as he stops lying to us during this primary

00:06:54.220 to get reelected. And fortunately, I don't think the voters of Texas are going to believe this

00:06:59.400 and buy his $150 million worth of lies. One of the things we watch a lot of your videos

00:07:06.640 and go into the site, is it true? Because myself and our staff have been seeing that

00:07:11.680 you ask a question, I think at the start of the thing, a lot of times saying, hey,

00:07:16.760 he's been there for 40 years. Can anybody name one accomplishment I have yet to see in any of

00:07:22.360 the town halls or anything you've done where anybody raises their hand and actually mentions

00:07:26.080 an accomplishment? Has that been true in all the settings you've gone, all the town halls you've

00:07:31.260 done? I have made it a part of every meeting, whether it's one person or 10,000, to ask that

00:07:36.460 question. John's been running for his fifth term in Texas. No one in Texas history has run for a

00:07:42.000 fifth term for US Senate, not Sam Houston, not LBJ, not John Tower, not Phil Graham. He's running

00:07:48.220 for a fifth term. He's been in office. And I say, look, let's not just give him the 24 years. I'm

00:07:52.920 going to give him the whole 42 years. He's been in office since I was in college and I'm 63. Let's

00:07:57.100 give him the whole 42 years. Can you name, and I open it up to the audience, can you name any good

00:08:03.020 accomplishment? I'm not talking about bad. We've got plenty of bad stuff, but can you name a good

00:08:07.100 one? No one, not even his supporters have ever given me an answer to that question that was

00:08:11.220 positive how did how did they even with 150 million dollars i mean how they get around the

00:08:17.620 basic fact that on the afternoon of 20 january in 2021 you were the first guest we had on the

00:08:24.880 warm in the afternoon show and you laid out your program you said look where the biden uh where

00:08:29.560 biden is going to be inside the lines of the constitution for the good of texas we will work

00:08:34.280 with their administration where they're not we will see them in court i think you filed your

00:08:39.480 first i think his executive orders that day to open the border you were the very first person i

00:08:44.260 think to jump in there john cornyn at the at the exact same time was one of the biggest promoters

00:08:49.640 of you know reaching across the aisle and working with the biden regime how did they because the

00:08:54.700 folks in texas are smart cable tv ads can't get over that juxtaposition you've been a warrior for

00:09:01.020 maga you've been a warrior for president trump you've been a warrior for the trump movement

00:09:04.460 in some of the hardest things i don't mean some just happy tacos talk about legislation i mean

00:09:08.920 in the trenches fighting as a state attorney general to stop this madness, whereas Cornyn

00:09:14.940 was one of his biggest promoters. How does Cornyn get around that? And cable TV ads can't make up

00:09:20.740 for that. So how does he get around that basic fact? He just lies a lot. I mean, his commercials

00:09:26.340 talk about how he's been pro-Trump, which is not true. He's voted 99% with Trump. What does that

00:09:31.080 mean anyway? But it's not true that he's a tough guy on the board. The reality is everything he's

00:09:37.540 saying. He's an open borders guy. He's for amnesty. He wasn't for building a wall. He

00:09:42.940 was totally against it. He criticized it. He criticized Donald Trump running for president

00:09:46.960 both times, said he should not be our president. So with $150 million, the goal is just keep lying

00:09:52.720 about it over and over and lie about me. And then hopefully he can take 5% of my voters and turn

00:09:57.940 them into 5% of his voters. That's a 10% shift, something like that. 10, 12, 14. That's what

00:10:03.640 they're targeting. If enough people believe the lies, if you tell them enough, John Cornyn's

00:10:08.440 relying on that. And of course, we know what John Cornyn will be the day those elections end.

00:10:12.960 He will go back to the anti-Trump establishment, work with the Democrats, Joe Biden congratulating

00:10:19.140 him. All that stuff is back if John Cornyn ends up getting another six years in the U.S. Senate.

00:10:25.300 So General Paxson, let's talk about today's first day of early voting. You guys actually vote,

00:10:30.880 I guess, next week.

00:10:32.620 Tell me about the next Tuesday, I think.

00:10:34.860 Tell me about what's the plan?

00:10:36.720 What's the campaign plan?

00:10:37.880 What should people look forward to?

00:10:39.540 Where can they see you?

00:10:40.480 Because you have a tremendous amount of support in this audience, sir.

00:10:46.860 So I will be in Dallas at noon.

00:10:49.160 I'll be in Tyler tonight at 6, Tyler, which is East Texas.

00:10:52.000 I will be in Collin County, which is North Texas, north of Dallas, tomorrow around noon.

00:10:56.800 I will be in Magnolia, which is north of Houston on Wednesday, and I will be in Dripping Springs

00:11:03.040 outside of Austin on Thursday. I'll also be in Katy on Wednesday, which is west of Houston,

00:11:09.120 and then on Thursday night, I will be in San Antonio speaking. So we're going, we're barnstorming

00:11:14.300 the state. John Cornyn doesn't do that. He's maybe, I've seen him do one event this last week. That

00:11:19.460 was a new thing for him. He's depending on TV ads that are completely funded by massive dollars from

00:11:25.780 Washington, D.C. to protect him. No, talk about that. The Senate Leadership Fund, every McConnell's

00:11:33.260 guys have raised all this money and they need to keep the seat. Why are they so completely? I've

00:11:39.740 never seen a freak out like this. As long as we've been covering this, even my days at Breitbart,

00:11:43.480 I've never seen one individual that has scared the McConnell machine to its core. Why is that?

00:11:50.620 You know, it's interesting to me. I've learned a lot about this. One is there are really no fundraising limits on incumbents, only on challengers. And two, that the primary goal doesn't really necessarily seem to be protecting the map, making sure we get the most Republicans.

00:12:05.600 the primary goal is to protect

00:12:07.760 incumbency. Otherwise, why would you spend that much money

00:12:09.840 on John Korn? I mean,

00:12:10.900 spend the money after when we

00:12:13.820 need it in the

00:12:15.660 general election against a Democrat. Instead,

00:12:18.280 $150 million being spent

00:12:19.900 here against a Republican,

00:12:21.720 most of the donors, they knew that probably wouldn't be very

00:12:23.760 happy. And two, you could have used

00:12:25.760 that money in Georgia. You could have used it in North Carolina.

00:12:27.980 You could have used it in Michigan or Maine.

00:12:30.000 Somewhere where it actually makes a difference

00:12:31.720 to help us hold onto the map. But the primary goal

00:12:33.780 is not that. Otherwise,

00:12:35.600 their actions would have followed and they would have held the money for that

00:12:38.660 instead of trying to keep John Cornyn.

00:12:40.840 And look, why don't you just let Texas decide that?

00:12:43.360 Let the voters decide instead of trying to influence it from Washington

00:12:46.800 and mislead people about my record, about who I am, and mislead about John.

00:12:52.160 Let John stand on his own.

00:12:53.560 He's had 24 years in the set.

00:12:55.020 Let him fight his own fights.

00:12:56.880 Don't come spend the money here.

00:12:58.440 Go spend it against Democrats and help us keep the majority.

00:13:01.840 general paxton where do people go to the website to find out where you're going to be

00:13:07.460 when they when they can go and meet you and hear you also where they can donate where they can

00:13:12.120 get more material about all this and how they can sign up and volunteer for this really important

00:13:18.080 final week well at ken paxton.com to donate we can still use money because they're still we're

00:13:23.440 getting outspent still two or three to one in a lot of places so we'd like to compete so anything

00:13:27.700 can give will help. And then at Ken Paxton TX for Twitter, Facebook, and Instagram to follow where

00:13:33.200 we're going to be at. And all I would say is, please, we have a chance to send the right message

00:13:37.080 to Washington or the wrong message. The wrong message is you can spend as much as you can

00:13:41.840 spend $150 million, mislead people from Washington and control who the senator is from Washington.

00:13:48.140 Or the good message, which is, no, that doesn't work. I don't care how much you spend. Texas are

00:13:53.000 not going to put up with this. We're going to send somebody that actually gets good things done

00:13:56.360 and stops the bad things.

00:13:58.440 We have that opportunity this time

00:13:59.680 if people will get out and vote

00:14:00.980 because it's going to be low voter turnout,

00:14:02.440 probably less than 10%, maybe five.

00:14:04.620 And so you're voting for a lot of people.

00:14:06.100 So bring your friends,

00:14:07.060 tell your friends and tell your family.

00:14:10.040 General Paxton, you have proven yourself

00:14:12.340 in the crucible of battle for the MAGA movement

00:14:14.920 to President of the United States and our country.

00:14:16.660 We're honored to have you on here.

00:14:17.860 Good luck this week.

00:14:18.700 Look forward to getting back on.

00:14:19.420 Thank you. Appreciate it.

00:14:20.700 General Ken Paxton,

00:14:22.700 the legendary Attorney General

00:14:24.480 of the great state of Texas.

00:14:26.140 $150 million to keep him out of the Senate in a runoff race.

00:14:30.980 Think about that for a second.

00:14:32.180 $150 million against one man.

00:14:36.540 On the politics of personal destruction.

00:14:39.900 Exactly the scam they ran on President Trump.

00:14:42.700 Short commercial break.

00:14:44.820 Geopolitics.

00:14:45.780 The greater world.

00:14:47.100 Capital markets.

00:14:49.640 Bond interest rates.

00:14:51.140 All next on a Monday morning in May in the War Room.

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00:16:52.420 Yeah, you know, I think it's evident when you talk to officials that the president is staring down another decision point when it comes to what happens to this war in Iran.

00:17:01.440 Does he resume the fighting? Does he try and wait out this diplomacy?

00:17:05.760 He spent at least part of the weekend meeting with top national security officials,

00:17:10.140 including at his golf club out in Virginia, to discuss where exactly all of this is heading.

00:17:15.920 We expect him to convene that group again sometime early this week to talk about resuming the military campaign inside Iran.

00:17:24.440 And it seems as if right now the U.S. and Israel are in intensive conversations,

00:17:28.440 conversations, perhaps the most intensive since that ceasefire went into effect last month about

00:17:34.240 resuming the bombing run. The president spoke yesterday to the Israeli Prime Minister Benjamin

00:17:39.320 Netanyahu. And that message that the president wrote over the weekend calling on Iran to get

00:17:45.040 moving, saying that the clock was ticking, I do think underscores some of the impatience that

00:17:49.860 the president is feeling about the pace of diplomacy here. You know, he's frustrated

00:17:54.440 that the Strait of Hormuz remains closed. He's frustrated that, in his view, Iranian leadership

00:18:00.280 aren't coalescing around a single negotiating position. You also hear a rising level of urgency

00:18:06.380 among some of the president's advisers about some of the economic fallout of this war as the

00:18:11.400 midterm elections grow nearer and nearer. And so it's all, I think, coming to a sticky sort of

00:18:17.940 conundrum that the president finds himself in. You know, there are differing views inside the

00:18:22.220 administration about the best way to proceed. Some officials are advocating a more aggressive

00:18:27.960 approach to try and coerce the Iranians into conceding some of these negotiating positions.

00:18:34.300 You also hear officials who are much more advantageous about diplomacy, and it does

00:18:40.500 seem as if the diplomacy is still grinding forward. The Iranian foreign ministry said today that it

00:18:46.260 had sent its latest response to the U.S. So you see how those gears continue to grind. And so the

00:18:53.080 president clearly, I think, facing a critical decision here very soon. Now, if he does decide

00:18:58.180 to resume military strikes, the options could include essentially picking up where he left off

00:19:04.000 when the ceasefire went into place, you know, more aggressive bombing runs against military targets

00:19:09.700 or even some infrastructure sites.

00:19:12.040 You also still have a number of special operators in the region,

00:19:16.620 Marines, paratroopers, who are essentially on standby to go into Iran

00:19:22.180 to retrieve some of that highly enriched uranium.

00:19:24.940 That's an option that the president has yet to take off the table.

00:19:29.140 Okay, we're going to play some more.

00:19:30.680 We're going to do China in a little while.

00:19:31.940 I'm also going to do Cuba because we've got a new one on the horizon.

00:19:36.040 That is Kevin Liptak, one of the White House correspondents for CNN.

00:19:40.160 I think they're national security guy.

00:19:42.100 You got Eric Bolling and Steve Cortez with me.

00:19:44.880 But over at Fox, and we didn't have time to play this, a guy I really like a lot,

00:19:49.300 although sometimes I don't agree with his kind of neocon perspective, General Jack Keene.

00:19:55.020 And General Keene is very, very close to the president.

00:19:58.340 He was saying, hey, they're meeting and he's going to meet again tomorrow,

00:20:02.860 but they're getting ready to go kinetic here.

00:20:05.160 a bowling uh talk to me about the markets talk to me about the commodity markets and tell me

00:20:10.440 about general jack king because general king was pretty specific i thought hey you're giving them

00:20:15.640 plenty of opportunity on the diplomatic side and you just keep getting these insults back they can

00:20:21.260 word it differently but essentially is um you lost we won you lost we want reparations you got to pay

00:20:28.480 us for what you did you got to stop all other activity in the in the area oh by the way we'll

00:20:34.300 call it what we'll call it, but we're going to control her moves, and we decide to charge for it 0.71

00:20:38.100 later. You know, our friends like the CCP won't have to pay, but other people have to pay. That's

00:20:42.500 essentially, their negotiations is that we won, you lost, and you got to deal with it. Eric Boling.

00:20:50.600 Yeah, Steve, a lot going on this Monday. Nervous oil markets up $2 a barrel earlier, down a dollar

00:20:57.380 a barrel right now. Again, you had Trump saying Iran better get their act together, or they won't

00:21:03.320 have anything to negotiate with indicating that he was back on track to just well he said he said

00:21:09.140 specifically he said specifically they're running out of time not just some general things as they're

00:21:14.340 running out of time they ever come to the table or it's going to be a obliteration essentially

00:21:19.100 right then he put the memes that he's shooting them out of the air he's shooting them i mean he

00:21:22.420 was this is about as aggressive as the president's been for a couple weeks correct yeah well i think

00:21:28.180 he's been on and off aggressive throughout. And this seems like the one where he said we were

00:21:33.380 going to blow their civilization off the face of the planet. And then we kind of made nice with

00:21:39.680 them. I will tell you that with that truth, and in moments later, General Jack Keene, if I watch

00:21:44.800 him on Fox, and he literally said that they're ramping up the kinetic portion of the military

00:21:50.980 ready to go time, which I don't know if they are or not. General's got great insights, but he may

00:21:57.480 also be talking to the White House. And then throughout this whole thing, it's been, let's

00:22:01.400 let the world perceive that we're ready to go, see if we get Iran to the bargaining table. I'll 0.57

00:22:05.980 tell you what happened in the last 24 hours. Iran sent a deal to the Trump administration saying

00:22:10.820 that, well, we're not going to demand reparations, but we want compensation, whatever that means. I

00:22:16.100 don't know the difference between the two. But there's something very important buried in it,

00:22:20.240 is that they were willing to negotiate on the nuclear dust, the enriched uranium. But here's

00:22:25.680 what their negotiation was. They would turn it over with the right deal to the Russians, not to 0.68

00:22:31.280 the United States. So is that a win? I don't know. Can you trust that? Or Putin say, yeah, yeah, 0.99

00:22:37.280 we have it. Meanwhile, he lets him keep it. We don't know. So after that deal came across,

00:22:43.420 Trump said they're running out of time. So he didn't like that deal. I'll tell you one more

00:22:47.640 thing, Steve. We talk about it a lot here. Diesel gasoline is 452. It's holding above 450, as

00:22:52.880 expected probably going to push towards five but the diesel number is approaching the all-time high

00:22:58.060 set with biden in in june of 2022 it's 563 a gallon now all-time high is 581 so you know what is that

00:23:06.000 five 18 18 cents away from the all-time high a tiny fraction of a percentage point and it's

00:23:12.900 probably going to blow that through right through that number a lot of wild stuff on the economy

00:23:16.980 yeah bonds hang on hang on hang on don't jump ahead here don't jump ahead we're gonna take

00:23:22.540 this piece by piece we're gonna get to that in a second look i can't figure out you know because

00:23:27.860 i've trademarked america's greatest ally and i used to use it for israel and then i use it for

00:23:33.300 saudi arabia because the saudi has been such great allies to us now i think i'm gonna add it to

00:23:37.400 beijing so we got three america's greatest allies do you believe what's happened over the last 48

00:23:42.860 hours that's facetious right you are pointing out you're being facetious you're very good you know

00:23:48.060 for an oil trader, you're very good. You're very sharp. You get this. Okay. Bowling. Take your

00:23:55.220 number two pencilette right now. Bowling. Does it appear that the, given what's happened in the

00:24:02.220 last 48 hours, the true socials, President Trump taking, being more adamant that we got to clean

00:24:07.440 this thing up, or, you know, I'm going to use some leverage on you, big league, Jack Keene,

00:24:12.480 what Jack Keene is saying, what the markets are saying, does it appear that America's new best

00:24:17.600 ally, our besties in Beijing, are helping out here, sir? Not now, not ever, not going forward.

00:24:27.060 I mean, these photo ops in Beijing or in D.C. later in the year, that's wonderful. But what

00:24:33.360 is the actual economics telling you? What's happening on the ground in the water? And we

00:24:40.780 still have vessels trickling through the strait, which I believe at this point, Steve, we're beyond

00:24:46.460 we're beyond help for the wind terms at this point. You know, you and I have been doing this

00:24:50.340 for 77, 78 days. Early on, there was an opportunity to get

00:24:54.300 a deal done, get oil prices down. Trump is being very optimistic

00:24:58.140 by saying, we'll get gas, it'll crash down after we

00:25:01.920 get a deal. It won't. I mean, it may crash down in the physical

00:25:05.960 immediate market, but the pump will stay high probably into September

00:25:10.200 at least, maybe October. Hang on, but hang on. But there's a logic to that because

00:25:14.160 the persians understand they've got an ally that allies the chinese communist party yes russia too

00:25:18.640 but but the chinese communist party that's you know sending equipment and component parts for

00:25:23.780 the military over the overland route these people are savvy they've been doing this you know the 0.51

00:25:28.600 chinese gave us a love tap at the uh dinner saying you know our 5 000 years of civilization and we

00:25:34.260 want to congratulate you on getting to 250 over at the kids table um but they you know the persians 1.00

00:25:39.820 have been doing it the persians have been doing it for 2500 or 3000 years so they've got a long

00:25:46.160 history of this they understand that they're going to drag this out past the midterms and

00:25:51.040 the chinese communist party is going to help them right well yes and and at this point early on i 0.89

00:25:56.700 thought we could cut a deal with our oil companies now it's now i i think the biggest mistake is go

00:26:02.020 kinetic now steve because now you go kinetic you're going to risk major disruption of oil

00:26:07.040 infrastructure throughout the middle east we saw over the weekend iran but he's had a drone strike

00:26:11.980 hitting a uae refinery that supportive of oil if you go kinetic with iran iran goes kinetic with

00:26:19.200 every other well oil installation i don't want to give a prescription one more quick thought one

00:26:24.640 more quick thought but hang on i don't want to give a prescription of what they should do

00:26:27.380 they're going to look at all their options and the president is right but holding out

00:26:31.180 making china too holding out china a lot well if you if you lock down and make sure they don't get

00:26:37.680 any oil through that but uh but the range of alternatives is what they're looking at right

00:26:42.680 now if the president feels he's got the most leverage in doing that he's going to do it just

00:26:46.340 just hang on for for for one second there cortez uh and let's just stick with the persian gulf and

00:26:52.640 the iranians when they send back a proposal by the way the ua was not just a refinery the uae's

00:26:59.320 reporting that the the persians aimed at a nuclear a power facility which right get everybody up and

00:27:06.160 saying hey these guys are playing beyond either they're totally incompetent or they're really

00:27:11.080 trying to play hardball um but um but these guys are sending a message that they're prepared to

00:27:18.080 drag this thing forever when they send president trump a thing that says okay it's not gonna be

00:27:21.760 reparations it'll just be compensation and oh yeah we're gonna open the straits but we're still

00:27:26.640 going to have military control of it. And, you know, we still get, we won't charge fees now,

00:27:30.360 but we have the option to charge your fees. What's Donald Trump's going to say? Screw you.

00:27:34.100 Like he said the other day, I read the first line. It wasn't good enough. I tore it up. I mean, 0.99

00:27:38.140 these people are not serious. You agree about making a deal with the president?

00:27:43.240 Correct. And this is the problem with going to battle against jihadi extremists, many of whom 0.99

00:27:48.940 don't mind dying and in fact might even welcome it. And to connect it back to U.S. politics, 0.94

00:27:53.760 by the way. This was graduation weekend for a whole lot of young Americans. There were college

00:27:57.700 graduations everywhere across the country. And Steve, the most impressive gains we made in 2024

00:28:03.280 were among young people, Gen Z, particularly Gen Z men. That and Hispanics, those were the two

00:28:07.800 groups where we made massive, massive gains. Unfortunately, what we see right now is young 1.00

00:28:12.520 people are totally disillusioned, mainly because of the economy, but also because of the war. And

00:28:17.220 of course, the two are inextricably linked together. Well, I believe we can win those

00:28:21.540 young people back, but we've got to stop these George Bush style interventions. We've got to get 0.92

00:28:26.180 back to an economy that rewards them for their hard work. We need to get rid of the foreign 1.00

00:28:29.980 visas. We need to convince these young people through an agenda that they are going to get 1.00

00:28:34.600 good jobs, good paying jobs, and that they have success in front of them. Hang on one second.

00:28:39.580 We're going to come back with the bond market, with Powell, with all of it in the war room on

00:28:44.380 a monday the dollar's convertibility into gold ended in 1971 gold was fixed at 35 dollars an

00:28:58.020 ounce well fast forward to today and the u.s dollar has lost over 85 percent of its purchasing power

00:29:05.260 gold on the other hand is increased in value by over 12 000 that's why central banks are buying

00:29:13.020 gold at record levels. That's why major firms like Vanguard and BlackRide hold significant

00:29:18.740 positions in gold. And that's why I encourage you to consider diversifying your savings with

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00:30:16.960 Here's your host, Stephen K. Bannon.

00:30:22.920 Okay, folks, just so you understand,

00:30:24.800 when Fox News, the kickaway, is rolling out Mark Thiessen,

00:30:30.000 the cheerleader, one of the cheerleaders with Nicole Wallace,

00:30:32.260 of the failed Iraq war.

00:30:34.520 and all the lies they told you about the Iraq war.

00:30:36.460 He was one of the Bush, you know, mouthpieces for the Iraq war.

00:30:39.080 And General Jack Keene, Jack Keene's a good man.

00:30:42.420 And if it wasn't for, I think, health problems with his wife

00:30:45.540 and some other issues, he would have been, I think,

00:30:48.600 the National Security Advisor, one of the National Security Advisors

00:30:50.980 in the first term.

00:30:51.900 President Trump thinks very highly of him.

00:30:53.360 But they are banging the war toxins over at Fox this morning.

00:30:57.920 Just think about it.

00:30:59.220 When Jack Keene's sitting there going, hey,

00:31:01.180 they're getting ready to go kinetic.

00:31:02.400 They get a big mean national security they've already announced.

00:31:04.520 tomorrow uh you should take that as you know almost not totally but almost money good

00:31:12.640 cortez talk to me about the bond market i'm gonna get bowling in here in a second too

00:31:17.300 um talk to me about the bond market you're you're you you had a couple warnings on here

00:31:21.720 of course we've been doing this since uh biden's uh time or even before that even though when

00:31:28.140 president trump and think about this folks president trump turned over an economy to joe

00:31:35.260 biden uh i think it was 1.4 percent inflation in the 10 year was at 1.7 percent was that is that

00:31:41.900 correct that is like unheard of the the success of the convergence the convergence in the late

00:31:48.780 summer fall and christmas of 2019 was literally epic what president trump brought together on

00:31:55.040 those policies that came together, particularly after the Chinese told us to go pound sand after 0.65

00:31:59.020 they tore up the deal that Lighthizer and Navarro worked on for two years in May of 2019. Of course,

00:32:04.200 then we've written the bioweapon and the stealing of the election, all of it. But Biden, you know,

00:32:10.000 you were on here all the time talking about the problems of the bomber. You've been warning,

00:32:13.920 hey, when the 30 year gets above five and when the 10 year gets above 4.5, we better get very

00:32:21.080 concerned because this thing could get out of our control very quickly. Your thoughts?

00:32:25.820 Yeah, that's exactly right. And unfortunately, we are there. As we speak right now, 10-year yield,

00:32:30.560 4.6%. So we're not just above five. We're actually well, four and a half, excuse me,

00:32:35.560 not just above four and a half, but well above it. I believe that is soon going to go to five,

00:32:39.880 where the 30-year yield already is. That yield, by the way, the highest it's been since George W.

00:32:45.500 Bush was president. So the bond market gets a vote. Okay, here's the deal. And the bond market

00:32:50.760 doesn't care very much about politics. It cares about mathematics. And the bond market sees that

00:32:56.000 gold is almost at 4,600. Silver is almost at 80. Sees real assets, things that are limited in scope

00:33:02.840 that have scarcity like crypto, like single family housing in the United States, all soaring against

00:33:08.500 the United States dollar. So you'll realize that too. The dollar is doing okay versus other fiat

00:33:13.400 currencies because they have such problems as well, right? Europe and China are totally

00:33:17.760 uninvestable, but the dollar is getting killed against real assets right now. And so the bond

00:33:23.400 market is saying- Hold on, hold on. As we refer to it, the dollar

00:33:27.040 against fiat currencies is doing work because of the safe haven, but it's the world's tallest

00:33:32.000 midget, is it not? Correct. Correct. And it is getting crushed versus real assets. And so what 0.99

00:33:37.320 the bond market is saying is if you're going to pay us back in these dollars that we increasingly

00:33:41.000 don't have confidence in, we're going to demand, we bond lenders are going to demand a much higher

00:33:47.280 interest rate. And when you have $40 trillion in debt, even very small moves higher in interest

00:33:52.280 rates become incredibly consequential really, really fast. I believe we're at a break point

00:33:57.980 right now where things have gotten out of control already. The biggest line item now in the federal

00:34:02.460 budget is interest payments. We simply cannot continue this situation. Let's explain why this

00:34:09.100 is so important. Scott Besson, among his other duties, has essentially had to refinance of the

00:34:14.760 40 trillion, about 20 to 25% to 30, a third of that has to be refinanced every year or, you know,

00:34:23.280 throughout the year. So he's rolling this and having to pay those higher interest rates. This

00:34:27.340 is why in the 10 year folks, the 30 years tied to your mortgage, the 10 year is tied to your

00:34:33.480 credit card, uh, your home equity loan, uh, your student loan, uh, your, your car loan,

00:34:40.260 everything else besides your mortgage is the 10 year. And that's why you start to see these

00:34:44.100 movements are big movements, and they're going to have a direct impact on American citizens.

00:34:49.680 Are they not, sir? That's exactly correct. And I think the bond market, politically speaking,

00:34:54.560 is probably as important as it has been in decades. I think you have to go back to the

00:34:57.920 Clinton presidency, the last time that the bond market had this much relevance for policy and

00:35:03.380 politics. And people who watch the Clinton presidency well know that a lot of his initial

00:35:07.760 very liberal instincts were restrained, thankfully, by the bond market. And there's that famous phrase

00:35:12.940 from james carville where he said i want to come back if i'm ever reincarnated i want to be a bond

00:35:16.500 trader because they're the masters of the universe and they can essentially dictate policy to washington

00:35:21.580 dc well i think that's starting to happen right now yeah no bob rubin who ran the trading desk

00:35:27.300 at goldman i was there they had a co they had a head that was uh steve friedman who was the

00:35:31.780 investment banking side that we reported up to and then he had the trading side which is bob

00:35:35.360 rubin bob rubin came in as his national economic and this is interesting he came in and ran the

00:35:41.120 NEC, the National Economic Council, because they didn't think at the time Bob Rubin could get

00:35:46.040 confirmed because of, let's say, certain social issues. OK, after Bob Rubin told him with all

00:35:51.660 the sources, hey, you've got to focus, you've got to you've got to manage your government for the

00:35:55.080 10 year bond market. That's when Carvel got old time religion and realized I want to come back 0.62

00:35:59.400 as a bond. Very shortly thereafter, Bob Rubin was secretary of treasury. I think it was a 99 to

00:36:06.160 nothing vote. When they got they got concerned about Clinton, they said, let's get Rubin over

00:36:10.060 to treasury let's get an adult there that's why the issues that we have now is that the uh bond

00:36:16.620 market as i say has turfed out more governments uh than howitzers you saw this in uh you saw this

00:36:22.860 united kingdom and now you know scott besson's got a huge job in front of him and scott besson

00:36:27.620 bowling scott besson sending you a signal he gave two interviews the other day i think one from

00:36:32.400 china was pre-recorded he used a phrase i've never heard best and say he didn't say deflation

00:36:38.100 What you know is once you have deflation, you've got a massive problem.

00:36:42.760 He said disinflation movements and numbers are going to come in the next 60 to 90 days.

00:36:49.320 Now, Scott does not want to make a lot of predictions like that.

00:36:52.980 Why do you think he did that, sir?

00:36:55.260 I love Scott Besson.

00:36:57.340 I think he's playing the company line, so to speak.

00:37:01.620 I mean, look, I've done this for close to 40 years.

00:37:05.620 You can say what you want, but oil is not only a lifeline of the economy, it's the best indicator.

00:37:10.880 The bond market as well, and Steve's right, the bond market dwarfs most markets.

00:37:14.820 But as far as tail wagging the dog, the oil market is the tail.

00:37:18.940 It's the literal tail.

00:37:19.960 And I'll give you an anecdotal story.

00:37:21.360 From around 2010 until, I'd say, 2022 or so, Fed funds rates were essentially zero.

00:37:29.040 Maybe just a touch of zero or above, things changed in 2022.

00:37:33.480 we went up to 5%

00:37:35.900 you get 5% of short term

00:37:37.800 treasury, it dropped down

00:37:39.540 in the low 3's and it's moving

00:37:41.500 its way back up and that is the bond market

00:37:43.720 the biggest market on the

00:37:45.700 world, those folks, those traders that see

00:37:47.640 everything, they're voting

00:37:49.200 they're voting with their money and they're saying

00:37:51.360 we have no confidence and we have no confidence

00:37:53.720 that inflation is going to come down

00:37:55.640 anytime soon so

00:37:57.200 it would take the other side of Besson's

00:37:59.620 comment that's 60 to 90 days and I would

00:38:01.680 i would go with the bond market because i've seen it in the oil market well steve you guys there's

00:38:06.480 no chance gas prices come down precipitously hang on before september tell people tell people why

00:38:12.960 the fed funds rate is is so important why is that important you brought that up i want to make sure

00:38:17.680 people understand it because every every it's where the banks go to the fed to borrow money

00:38:23.200 so for a long time banks when we quote the 10-year yield or the 20 whatever or interest rates on a

00:38:29.120 a loan, for the better part of 15 years, banks could go to the Fed, they can go to the Fed

00:38:34.920 window, and they could borrow money at essentially zero.

00:38:37.600 I'll take $500 million at zero, turn around, and when rates were low like that, turn around

00:38:44.000 and we'll loan it out at 2% or 2.5%.

00:38:45.860 But hang on, but hang on, don't bury the lead.

00:38:49.700 Was that because of an event called 2008, the financial crash?

00:38:53.080 This was to save the system.

00:38:54.860 They saved the banks.

00:38:56.600 Yes, they opened the window to save the system.

00:38:58.840 They saved the system.

00:39:01.120 It was a bailout for the banks and for the elites in this country.

00:39:05.480 It was a bailout, I will tell you.

00:39:07.560 But staying at zero for 10 or 12 or almost 15 years meant that there was a general feeling that things were okay.

00:39:16.100 We weren't going to have an era of hyperinflation.

00:39:19.580 Well, Biden changed all that.

00:39:21.180 Rates started to jump.

00:39:22.260 It was perceived as a Biden event.

00:39:24.900 But I'm telling you, it's now becoming a Biden and oil price, which is tied to Trump's activity in the Middle East.

00:39:31.200 But the great fall, Cortez, but hang on, hang on.

00:39:33.920 The great fall of 2019, when everything came together, blue collar wages rising higher than white collar wages, non-college graduates faster than college graduates.

00:39:47.580 The interest rates were at 1.7%.

00:39:53.940 Inflation was at 1.4%.

00:39:55.760 The reason was, is that not just, but they also had the convergence.

00:40:00.680 The predicate of Trump economics is full spectrum energy dominance, right?

00:40:06.640 Full spectrum energy dominance.

00:40:08.220 That's the predicate for all of his efforts.

00:40:11.920 Here we are with the 30-year treasury.

00:40:14.260 and you said it's above 5% today, right?

00:40:18.220 Heading to 5.1%.

00:40:20.220 No, above 5.1.

00:40:22.300 Above 5.1, excuse me.

00:40:24.000 5.1, I think, 0.7.

00:40:26.700 It's the first time since 2007.

00:40:29.540 Wasn't that the canary in the coal mine, Steve,

00:40:32.560 for the coming financial crisis of 2008?

00:40:36.240 Yeah, it certainly was.

00:40:37.600 And so we better pay attention right now

00:40:39.760 to what the bond market is telling us.

00:40:41.840 And yes, you make such important points

00:40:43.380 I'm glad you mentioned 2019, because 2019, during the first Trump boom, was probably the best year for workers in the history of the United States.

00:40:52.360 And I'm not exaggerating when I say that, because you had pay absolutely galloping higher with incredibly restrained inflation, meaning real wages were soaring.

00:41:01.580 And you're exactly right, particularly for the people who needed it the most, the people who had been left out during the Bush and Obama years, blue-collar workers in this country, were absolutely thriving. 0.93

00:41:10.200 And if it hadn't been for this epidemiological dirty bomb from China, they would have kept thriving into 2020 and 21 and maybe all the way through the present day.

00:41:18.540 But the point isn't just to wallow in the sentimentality of what was so wonderful in 2019. 1.00

00:41:22.220 It's to get back there. And we can get back there. Right.

00:41:26.260 Trump has closed the border. That's a key to raising real wages. 0.95

00:41:29.380 Now, I think we need to get rid of a lot of legal immigrants, a lot of work visas in this country. 1.00

00:41:32.960 If we do that, we're going to raise wages even more for American citizens. 1.00

00:41:36.140 But all of it necessitates stop the interventions, stop the war, get our energy dominance back to a place where it is benefiting us.

00:41:43.720 Because America is, thank goodness, full-spectrum energy dominant, if we stop the interventions, we get crude oil back to 50 bucks a barrel.

00:41:51.760 And guess what? This economy can get back to those 2019 highlands.

00:41:56.020 We can get back to that place for American workers.

00:41:58.440 It's possible, but none of it can happen while we're engaged in these kinds of wars around the world.

00:42:03.120 and we have crude now seemingly stabilizing above $100 a barrel.

00:42:07.120 It just can't happen.

00:42:08.600 I think because bowling, today in the Axios you have Mark Caputo,

00:42:12.920 who's the scribe of the West Wing,

00:42:14.680 and now they're talking about drones coming over Gitmo.

00:42:19.900 I don't know.

00:42:20.220 I think these guys have had missiles that could hit us for a long time, 0.91

00:42:23.140 but we're on the path for ramping up an intervention in Cuba.

00:42:27.940 You can pretty much tell how they're playing this.

00:42:30.620 Isn't the bond market going to be the restraint here?

00:42:32.700 Isn't the bond market going to say, look, you've got all this debt.

00:42:36.080 You've got a deficit now of $2 trillion.

00:42:38.460 You're talking about a massive increase in military spending.

00:42:41.240 The Democrats won't cut social spending.

00:42:45.520 There's inability to raise taxes, particularly on the wealthy.

00:42:49.300 You've got this massive gap.

00:42:50.940 You've got $40 trillion.

00:42:52.000 And also, you've got the off-balance sheet liabilities.

00:42:54.600 And Besson's got to refinance this.

00:42:56.160 And trust me, refinancing this with a 10-year bond going to 5% and a 30-year bond going

00:43:02.960 to 5.5% is going to be a new day in America's finances, correct?

00:43:10.160 Yes. 0.96

00:43:10.760 I don't know that things were that different before Iran.

00:43:14.060 You could say a lot of similar things, but I do know that the price of oil shooting up

00:43:18.720 is a huge part of the reason why the interest rates are moving up right now as aggressively

00:43:24.200 as they are.

00:43:24.800 there's none of the there's no oil play in Cuba they don't have any production I mean it doesn't

00:43:30.960 matter that they have requirements we have excess production we we've talked about this endlessly

00:43:35.500 this would be a perfect fit for us specifically we'd open up 11 million new customers for our

00:43:42.040 soybeans for our farming for our auto industry for our energy industry as well I don't mind the play

00:43:47.680 I just don't like the forced play the aggression of we're going to take you because and this by

00:43:52.360 By the way, this rhetoric of, oh, they are now talking about the potential to bomb the United States.

00:43:57.760 That's a problem.

00:43:58.860 That's to see how that plays in the media.

00:44:01.120 Hang on.

00:44:01.720 We're going to take a short break. 0.93

00:44:02.820 I don't have to scratch bowling very much to get to that neocon. 0.99

00:44:08.380 Short commercial break.

00:44:09.700 Bowling and cartels on the other side.

00:44:11.480 We rejoice when there's no more. 0.99

00:44:13.120 Let's take down the CCP.

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00:45:51.080 So thank goodness we have a new Fed chair. The media is full of endless adoration for Jerome

00:45:59.100 Powell. Why? Because he's a partisan who pretends not to be. And because he's a Washingtonian

00:46:04.500 lifer. He's the epitome of the establishment. But let's look at his actual record. What did he do?

00:46:09.020 Well, for over five years, for 62 consecutive months, he missed the Fed's stated goal on

00:46:15.320 inflation. He also was completely non-transparent about both the Fed's own operations, including

00:46:22.200 its construction of its building, as well as Fed policy. Furthermore, he lied constantly and

00:46:29.960 consistently to the American people, telling us that inflation was, quote, transitory in 2022,

00:46:37.000 And it was very obvious that the opposite was the case.

00:46:40.440 He did so to protect Biden and Yellen.

00:46:43.080 So, Jerome Powell, you won't be missed.

00:46:46.660 Adios.

00:46:49.360 President Trump calls him too late, Powell.

00:46:52.820 Why is that and what kind of damage did he actually deliver to the U.S. economy because of his partisan nature?

00:46:59.620 He cut rates for Biden right before the election. 0.90

00:47:01.660 It was ridiculous.

00:47:02.960 But he went out of his way to thwart President Trump. 0.70

00:47:06.140 Cortez, tell us about it.

00:47:08.020 At all times, Jerome Powell, who is literally a Washingtonian lifer, born and raised there, went to high school at Georgetown Prep.

00:47:15.160 He's the personification of the worst kind of Washington sewer swamp operator.

00:47:20.920 He's brazenly partisan, even though he pretends not to be.

00:47:24.860 And that was most evident in 2021 and in 2022 as inflation was exploding because of the profligacy of Joe Biden, who kept spending at crisis levels, even though the crisis was over.

00:47:36.980 The COVID panic, thankfully, was breaking at that point, yet he insisted on spending at World War II type levels, those kinds of metrics.

00:47:45.820 And what did Powell do?

00:47:47.180 He didn't raise rates.

00:47:48.260 In fact, he provided political cover for Biden and Yellen by constantly repeating their lie, their propaganda narrative that inflation was, quote, transitory.

00:47:59.560 Well, we are still dealing with the ravages of this inflation to this very day because of what Powell did then.

00:48:06.120 So the damage he did to working class Americans, it's impossible to exaggerate just how much havoc was wrought by the mismanagement and the dishonesty of Jerome Powell.

00:48:17.280 And despite that actual record, and again, we can look at the numbers.

00:48:20.120 You don't have to take Steve Cortez's opinion, okay?

00:48:21.760 Look at the actual numbers.

00:48:23.380 By his own stated metric of 2% inflation, he didn't hit it once in 62 straight months.

00:48:31.500 And the handoff from him to Warsh, I don't envy Warsh.

00:48:34.720 Talk about a tough job.

00:48:35.660 The handoff is miserable.

00:48:37.520 The handoff is yields spiking to multi-decade highs with $40 trillion in debt,

00:48:43.580 with all kinds of inflationary pressure in the system, even outside of the war. Forget about the

00:48:47.740 war for a moment. Outside of that, intense inflationary pressure building, that is the

00:48:52.020 handoff from Powell. And despite that record, despite the reality as expressed by the numbers,

00:48:57.240 by the bond market, what did you get from corporate media, from Axios, from NBC, from all of the

00:49:02.860 typical suspects? Nothing but absolute adulation for Jerome Powell. Why? Only because he despised

00:49:09.400 Trump. And that was enough for them to anoint him as a saint, when in fact, he was a wrecking 0.84

00:49:14.600 ball. He was a dirty bomb to the American economy, and especially to middle class people. 0.97

00:49:20.340 Bowling, give me a minute or two, because Cortez is right. This handoff is just atrocious of what 0.89

00:49:25.840 he's done to the finances of the country. President Trump has always wanted this rate cut

00:49:29.460 in June. That ain't happening, correct? No, no way. You may not get one through the end of the

00:49:35.000 year now, even with Warsh, because it's in the wrong direction. You can't cut rates with inflation.

00:49:40.700 You know, the producer price index last week showed a tripling of the expectation. That would

00:49:44.780 be a tough environment to cut rates. Holding him would be optimistic. I believe if Powell were in

00:49:50.220 there, he'd be raising, because I do agree with Steve and you, Steve, that Powell was not, he was

00:49:54.880 not about the Fed or monetary policy or employment, which is their only two mandates. He was about

00:50:01.820 politics. He gave Biden wind, Democrats wind in the sails at the end, right before the election

00:50:07.140 in 2024, which was insane after coming off the highest inflation rate in 30 years. And there's

00:50:15.840 no reason to cut then. He did it to give it a little bit of political push. And then all of a

00:50:20.240 sudden, Trump comes in. When things were coming down, inflation was coming down from the mid-fives

00:50:24.900 down to two and change with Trump, he refused to lower when Trump's saying it's time to lower.

00:50:33.180 Now, what would happen now when we're starting to jump back up, he was always behind the curve,

00:50:38.000 not because he didn't understand monetary policy. He understood politics and cared more about the

00:50:43.360 politics than the monetary policy. Eric, where do people go and get you on social media? You've got

00:50:48.580 four million followers. Today, I think the president, he's going to be doing a live event

00:50:52.720 on health care affordability so we may not be able to do a changeover although i follow you at

00:50:57.620 five o'clock every day um where do people go uh to get you've got another show uh you've got a

00:51:04.240 social media you're putting up great stuff all the time where they go right here war room four

00:51:09.440 o'clock on rav social media at eric bowling but see if i just may point out the first time in my

00:51:13.960 history i've ever been called a neocon was on this show but you used to ban it as the ref was

00:51:19.040 As the bell was ringing for the end of the round, I caught a glove to the jaw.

00:51:23.640 I was the black sheep at Fox for being the anti-establishment Republican conservative.

00:51:29.180 You know where I got that?

00:51:30.000 I remember.

00:51:30.440 I got that from Steve Bannon and Andrew Breitbart.

00:51:32.800 When the three, when you two would meet, and I joined you sometimes over at Del Frisco's,

00:51:37.000 I became a true believer in America first.

00:51:40.800 So it hurts when my sensei tells me I'm a knee in the O-Con.

00:51:46.000 but if if bowling if bowling was offered the secretary of commerce in the first administration

00:51:51.580 of course turned this down because he was making you know 10 million dollars here at fox

00:51:54.980 but uh if that we would have had we would have had a census we would have had the census miller

00:51:59.840 and i census not counting illegal aliens the commerce department under wilbur ross turned

00:52:05.000 it around if we'd had u.s secretary of commerce the whole picture of the united states have been

00:52:08.820 different uh thank you so much there's time ban in 2028 bowling secretary oh no i'm just saying

00:52:14.320 folks have a good day secretary of war steve steve cortez brother where they go from cortez

00:52:20.820 investigates all these great videos you're putting up and all your commentary sir yes and steve thank

00:52:26.340 you for having the chicago boys on today uh bowling and cortez both chicago natives appreciate

00:52:31.020 it uh both chicago catholic league products i might add uh please go to cortez investigates.com

00:52:36.500 all my content is there you can follow me on the twitter at cortez steve cortez with an s at the

00:52:41.020 again. Appreciate it, brother. If you want to find out about capital markets, don't go to Wall

00:52:46.100 Street. Go to Chicago. That's where the guys in the pits. Rick Santelli's from there also. That's

00:52:51.060 where the guys tell you the truth. Okay, we are going to take a short commercial break. We got

00:52:58.420 John Solomon, Naomi Wolf, Dorothy Moon's going to join us, grassroots leader out in Idaho.

00:53:03.520 and we've got even more, more, more of AI,

00:53:09.060 all of them in the next hour.

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00:53:42.560 Back in the Worm in a Moment.

00:53:49.200 Everyone's focused on how the conflict in the Middle East is raising oil prices,

00:53:52.720 but there's another grim reality to this contention.

00:53:57.380 Oil isn't the only resource being constrained.

00:53:59.600 about one third of global fertilizer trade happens through this region. And with spring

00:54:05.340 planting season on top of us, American farmers are sounding the alarm with some saying they can't

00:54:10.700 afford to plant their fields. When one piece of the supply chain gets hit this hard, you know what

00:54:16.280 comes next. Higher food prices, reduced availability, maybe even panic buying. That's why having an

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Bannon's War Room - May 18, 2026

Episode 5379： Texas Goes After Transgender Indoctrination And Child Mutilation; Chaos At The Fed

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