Bannon's War Room - Episode 5470： Senate Leaves Town After Blowout Fight; Inflation Increases

00:00:00.000 For us, it's important to point out now that it will never be acceptable.

00:00:05.360 The first is the Straits of Hormuz are international waters.

00:00:09.120 International waterways do not belong to any nation-state.

00:00:12.180 This is a foundational principle in the world today, without which the world would be in

00:00:17.560 total chaos.

00:00:18.560 If, in fact, we accepted that you can charge money to use an international waterway because

00:00:23.560 it happens to be near your territorial space, well, then this would spread throughout the

00:00:27.760 world, like a contagion. If in fact there is now a straits that one country can, there are two

00:00:33.700 countries, can, or whatever any countries decide they want to charge money for its use, what is

00:00:38.220 going to stop every country in the world near a waterway from imposing the same? And then we're

00:00:42.740 going to have chaos. So that is unacceptable. And then we're going to have chaos. So that is

00:00:48.460 unacceptable. You can call it a toll, you can call it a fee, whatever you want to call it, it's a game

00:00:54.060 of semantics. The reality of it is that no country on earth has a right to charge for the use of

00:00:58.700 international waterways, and that will never be an acceptable condition of any deal. The president's

00:01:04.060 been fundamentally clear about that. Last month, President Trump threatened to bomb Oman if they

00:01:10.000 impose tolls on the strait, and just today you mentioned that no two nations should be able to

00:01:15.860 impose tolls on a natural strait. Are you satisfied? Is the current bilateral relationship with Oman

00:01:22.220 now in a good place? And are you convinced they're not playing games with respect to that issue?

00:01:27.480 I mean, our relationship with Oman is fine. I mean, ultimately, there's not going to be any

00:01:31.000 fees or tolls. There's not going to be any. And they've signed, you know, they were there in the

00:01:34.660 meeting today, and they said it, that they're not in favor of a tolling system. So that's good.

00:01:40.140 I'm glad to hear you say that. I do have to ask, because just a few weeks ago,

00:01:43.300 there was the hypothetical threat to bomb Oman. So it didn't seem to be okay a few weeks ago.

00:01:49.260 I can only talk to you about today.

00:01:51.080 And today they said in the meeting and they signed on to the statement that said there isn't going to be any fees or tolls.

00:01:55.940 And so I think that's good news that they signed on to that.

00:01:59.120 Secretary Beckett, go through the straits.

00:02:01.040 And think about it this way.

00:02:02.560 If you have, it's not even workable.

00:02:04.360 Let's suppose that we went crazy and lost our minds completely and decided to agree to have a tolling or a fee mechanism.

00:02:10.620 How would that work?

00:02:11.680 It's not doable.

00:02:13.100 Because what's the consequence for not paying?

00:02:15.480 Let's say a ship says, well, I'm not going to pay the fee.

00:02:17.480 It's not like a toll on a road.

00:02:19.140 you don't get a ticket in the mail.

00:02:20.720 They get shot at.

00:02:21.840 You shoot at one ship, you sink one ship,

00:02:23.820 no other ship is going to move.

00:02:25.340 So that sort of system is not only unwise,

00:02:28.300 it can't happen, it's not even workable.

00:02:30.020 So you might as well abandon the fantasy now.

00:02:32.320 You used to call them, you did, 0.98

00:02:33.660 you used to call them religious theocratic lunatics. 0.96

00:02:36.900 Do you still believe that language applies 0.92

00:02:38.580 to the leadership today?

00:02:39.740 Well, it's not that I believe it,

00:02:41.540 it's the fact of the matter.

00:02:42.780 I mean, the Iranian system is led by clerics,

00:02:46.160 radical clerics.

00:02:47.840 That's what it's always been led by, and that's what it continues to be led by.

00:02:50.940 That said, we also have to manage the geopolitics of the situation.

00:02:55.040 And if they've changed their mindset, or if they've changed their approach to their relations with the United States and their neighbors,

00:03:01.780 then we're going to give this thing a chance to work.

00:03:03.740 Maybe this changed.

00:03:04.620 I'm not saying it has.

00:03:05.800 I'm saying the president wants to explore whether that's the case.

00:03:08.860 And if it has, we're going to find out.

00:03:10.160 But we're not going to find out because of what they say.

00:03:12.040 We're going to find out because of what they do.

00:03:13.920 We're going to judge them by their actions.

00:03:15.960 And we'll test that proposition and see.

00:03:19.680 No one says it's going to be easy because I think at the end, you know,

00:03:22.820 we know that people that are still at the top levels of that government

00:03:26.100 are people that adhere to the same theology and the same mentality

00:03:29.040 as the people that have led it in the past.

00:03:31.100 They've got some people in the political branches that seem more flexible

00:03:34.060 and more willing to work with us.

00:03:35.420 Those are the ones we're negotiating with.

00:03:37.360 We'll see how it works out.

00:03:38.300 New data in showing that inflation rose again last month.

00:03:41.560 of the Federal Reserve's preferred inflation gauge, now at the highest level in three years.

00:03:46.500 CNN's David Goldman is joining us now. What more are you seeing with this?

00:03:49.200 Yeah, well, 4.1 percent, that is the highest in three years. You don't want to see a number

00:03:54.480 that high. But I'm going to do something unusual. I'm going to say ignore that, right?

00:03:58.940 Okay. Ignore the news.

00:04:00.920 Ignore the news. This is old news, right? Because this happened in May. And what has happened since

00:04:06.520 May, well, oil prices have fallen precipitously. We're now down below the levels that we were at

00:04:12.640 when the war started. The number that I want you to focus on, however, is the core number. They cut

00:04:19.340 out all those volatile numbers like food and energy, and that one rose more than expected.

00:04:26.200 That's the concern, because if you even get rid of all of those high energy prices, inflation is

00:04:33.180 still rising and that is going to be really tricky for the fed to figure out how to get rid of yeah

00:04:39.560 now kevin warsh who president trump nominated for the fed chair he might have to raise rates

00:04:46.920 that's not what president trump hired him to do so we're in a sticky situation for sure

00:04:51.160 this is the primal scream of a dying regime pray for our enemies because we're going medieval on

00:05:02.160 people here's not got a free shot all these networks lying about the people the people

00:05:08.600 have had a belly full of it i know you don't like hearing that i know you try to do everything

00:05:12.520 the world to stop that but you're not going to stop it it's going to happen and where do people

00:05:16.100 like that go to share the big line mega media i wish in my soul i wish that any of these people

00:05:23.920 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my

00:05:31.860 country. This country will be saved. War Room. Here's your host, Stephen K. Vance.

00:05:44.820 Thursday, 25 June, Year of our Lord, 2026. Very special broadcast today. We're doing it from the

00:05:51.600 War Room. We had plans of maybe doing it on the road somewhere, but the technical issues

00:05:56.160 overwhelmed us because so much is going on in Washington, D.C. Mo Bannon, thank you so much.

00:06:01.860 And, Mo, I noticed you cruised through here when we got the big celebrations last night, heading to party.

00:06:08.820 You're going to be partying with, I shouldn't say that, partying with bowling in Nashville and also with Gary Sinise and his crew.

00:06:16.940 We'll get to all that.

00:06:17.820 Thank you for coming in.

00:06:20.080 Let me go to bowling to start off with.

00:06:23.840 And I've got to also say that the Senate, Senate's gone, not coming back to July 13th.

00:06:30.700 I guess we're not passing the Save America Act this afternoon.

00:06:36.280 I guess we're not working through the weekend and the run-up to the 2025 or to the 250th anniversary, the sign of the Declaration, going through this.

00:06:47.100 But let's deal with matters at hand right now.

00:06:50.140 Eric Bolling, and I think Bolling's mobile this morning.

00:06:53.920 I take it you're heading to Nashville, Eric?

00:06:56.800 Hey, I'm Steve, and I'm looking forward to bringing Maureen Bannon on to live it up to the show.

00:07:02.860 But, yeah, we're going to be in Nashville this afternoon, 3 p.m. Central, 4 p.m. Eastern.

00:07:07.880 And we got one of the Bannons.

00:07:09.100 Maybe we'll get the other Bannon up there, too.

00:07:12.020 Well, hang on.

00:07:12.840 I don't know.

00:07:13.640 You've got your Ed John Riches.

00:07:16.120 You're at the hottest spot in Nashville.

00:07:18.440 Why do you need Bannon augmentation to make that any lighter?

00:07:24.100 Never get too much Bannon in your show.

00:07:27.760 We learn a lot from the Bannon crew.

00:07:29.740 So, yeah, we're going to have some fun.

00:07:30.860 John Rich is going to be on the show.

00:07:32.560 A bunch of country artists and maybe a few politicians that we can hold their feet to the fire a little bit.

00:07:36.840 But did you happen to see, Steve, the comment that John Thune made about why he wasn't willing to bring the SAFE Act to the Senate floor?

00:07:45.800 He said, well, you don't see what I see.

00:07:48.180 And he said, I've seen this.

00:07:49.180 I've studied this.

00:07:49.780 And he never gave us an example.

00:07:51.780 Now, if you want to learn a little bit, you watch the war room because Steve will tell you what he thinks and he'll tell you why he thinks it.

00:07:57.340 Thune just said, almost trust me, it wouldn't make it through.

00:08:02.620 Instead of explaining why it wouldn't make it through or who would be a holdout, he just is refusing to bring it to the floor and filibuster it through for whatever reason.

00:08:12.200 It's probably some form of anti-Trump or Trump derangement syndrome virus has got.

00:08:17.440 I mean, we had in the broadcast last night, Bo Davidson was was anchoring from the West Palm Beach Republican Club.

00:08:26.720 And these folks are hardcore. And all they were doing was talking about the Save America Act.

00:08:31.580 And they wanted to remove John Thune as as leader. Matt Boyle kind of dropped by.

00:08:36.800 He was in the neighborhood going over to a CPI event because there are many events in town kicking off the 10 day commemoration.

00:08:42.580 commemoration. And so I had Boyle just dropped by and he came in and all he was doing was throwing

00:08:48.100 down about how really you kind of need a leadership fight in mid-July to late July to fire people up

00:08:54.780 that were taking this thing in the right direction. I just think Thune is arrogance now. And what they

00:08:59.700 did, their excuses. Oh, well, they unwound. They got Cassie and some guys to back off. So they

00:09:04.680 unwound the war powers. You know, they voted the War Powers Act the other day and they got them to 0.55

00:09:10.880 back off. So that was a huge win. So it was no problem letting them leave town and not coming 0.97

00:09:14.500 back to July 13th. They have no sense of urgency. I mean, we're grinding here in the war room as

00:09:20.320 everybody, the president's grinding, he's working 20 hour days, everybody's grinding. And these guys

00:09:26.200 are now on another, I don't know, until the 13th, I guess the 17 day, just taken off, lollygagging

00:09:32.460 around, probably going to go on some codels. And then they'll, you know, they'll sashay back in

00:09:37.780 here on the 12th and uh i i think it's time for a leadership fight but hang on for a second

00:09:42.660 marco rubio has now we understand that secretary of state national security advisor is now out of

00:09:49.120 the witness protection program he shows up in the middle east but bowling talk about listen that's

00:09:55.060 the most logical thing i've heard here you know he's throwing down like we are that hey what is

00:10:00.160 this thing about we're gonna have a chat with uh with the persian pirates and uh in oman and

00:10:05.200 And they're going to discuss, they're going to have dialogue to discuss the Straits of Hormuz. 0.85

00:10:09.260 And you've got the Persians coming out. 0.99

00:10:11.040 They're coming out every 10 minutes saying, hey, we control it. 0.93

00:10:14.440 We're going to have a plan to show you safe navigation in a different kind of, they don't call it tolls.

00:10:21.600 They call it servicing fees in different structures.

00:10:25.580 Let's talk about what Marco says first about the Straits, and then we're going to get into the inflation number.

00:10:31.580 Talk to me about your – as a trader in oil, when you heard Marco Rubio up there, I think pretty definitively saying what the structure of this is going to look like going forward, sir.

00:10:43.080 Glad he did it.

00:10:44.740 I noticed he didn't want to touch the deal too much.

00:10:47.220 He's going to let J.D. keep his hands bloodied with that deal.

00:10:51.320 I'm not sure that deal is going to even fly anymore.

00:10:53.500 But Marco –

00:10:54.600 Hold it, hold it, hold it, hold it.

00:10:55.980 Slow down.

00:10:56.500 Slow down, slow down.

00:10:57.640 Don't bury the lead.

00:10:58.220 What do you mean he didn't touch the deal?

00:11:01.520 He's the Secretary of State and the National Security Advisor.

00:11:05.460 Well, they asked him a couple of points, specifics about the deals, like how are you going to get the Iranians to do that?

00:11:10.400 He said, I don't want to get ahead of the negotiators because they're still apparently negotiating this, whatever this is.

00:11:16.160 Steve, you and I have said that, come on, how long have we been doing this, 40 years? 0.95

00:11:20.980 Have you ever been able to trust the Iranians? 1.00

00:11:23.120 Have you ever been able to trust the Middle East that they're not going to be out for their own personal gain? 0.99

00:11:27.160 This deal, you think for one second, you were through it in the 80s. 0.99

00:11:30.420 You remember watching through the 80s.

00:11:32.040 You saw it happen with Barack Obama.

00:11:34.380 They've promised to allow inspectors, and they've made multiple promises.

00:11:38.600 We cut deals with them.

00:11:39.600 We send them billions of dollars in cash, and then they don't perform on their side of the deal, their promises.

00:11:45.620 And then everyone kind of, oh, what's the next problem?

00:11:47.960 What else are we talking about?

00:11:49.240 Is it going to be Cuba, or is it going to be something else, or is there economy?

00:11:52.160 And then we forget about this one.

00:11:53.360 Meanwhile, these people still want to kill us, Steve.

00:11:55.800 They've never not wanted to kill us. 0.96

00:11:57.220 They've never seen us as anything but the great Satan.

00:11:59.620 And guess what? We're not the great Jesus anymore.

00:12:02.340 Now, all of a sudden, within the Iranian regime, we're still a great Satan. 0.99

00:12:06.160 And they will do everything in their power to get rid of us. 0.99

00:12:08.440 They're not going to show us their nuclear capabilities.

00:12:10.560 And this whole idea of somehow sending them $300 billion, $100 billion from us, $200 billion from others, is absolutely insane.

00:12:17.840 Ho, ho, ho, ho, ho. Hang on, hang on, hang on.

00:12:20.100 I haven't seen any $100 billion commitment from us.

00:12:24.160 I've heard some, we're going to be structured. 0.98

00:12:26.440 Look, I hate that part of it, but I've just heard that the Gulf Emirates are going to put up two-thirds of it, and they're going to find out the rest. 0.94

00:12:34.520 We may administer it, which I don't like. 0.99

00:12:36.020 I don't like rebuilding anything in Persia. 1.00

00:12:39.020 Let them rebuild it, and we shouldn't give them a penny. 1.00

00:12:41.380 Well, $100 is ours.

00:12:43.580 Up to $100 is the money that we're holding that was illegal.

00:12:48.940 Well, in our opinion, we're holding on to the assets because we have an embargo with them, and we can still keep it. 0.99

00:12:54.340 I mean, it's not – yeah, granted it's not coming out of our treasury, but why release this money back to the Iranians when we know exactly what they're going to do? 0.99

00:13:00.960 They're not going to buy food from our farmers with it. 0.97

00:13:03.140 No way they're going to do that.

00:13:04.560 They're going to start building their – rebuilding their centrifuges and radio – aim them at New York City.

00:13:12.300 Just so the audience is up to speed, Scott Besson came out and said, hey, look, anything discussion because what Eric's talking about is we address it.

00:13:20.060 There's a hundred billion dollars, just like the Russians had their money in European banks, I think in dollar denominator, EU denominated securities and was frozen and seized in the in the Ukraine war.

00:13:35.920 The Iranians have had essentially about a hundred billion dollars in in assets spread throughout the world.

00:13:42.500 Now, I think 50 billion of that is around the CCP or other people that we don't actually control.

00:13:48.600 50 billion i think eric is directly under our control and pete's gone up with an 88 billion

00:13:55.680 dollar request i think 67 bain of that is directly tied to this war my part hey if you want to have

00:14:01.480 something for the american people let's just sweep let's sweep 50 billion dollars in cash

00:14:06.060 uh you know maybe they're not buying food stuff from american farmers no offense why should we

00:14:12.300 allow them to use that money to feed themselves we don't want them fed right great and i know

00:14:18.020 people say oh that's that's that's so cruel hey it's called a war it's called a war for a reason

00:14:24.240 were we feeding the japanese and the germans and ww2 were we feeding the north vietnamese

00:14:29.340 we feeding the koreans dude you know you can't you can't get into this you got it it's either 0.87

00:14:35.660 it's black and white sweep their cash and have them pay for what we had to do this is about 0.98

00:14:42.600 their nuclear program and taking down their military threat anyway bowling's here we got 0.76

00:14:46.560 an inflation number to get around, but also I want to go back to the straight. Marco Rubio

00:14:49.880 sounding quite logical this morning about this situation and her moves. Short break,

00:14:55.240 bowling on the road. We're here in the war room.

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00:16:44.080 Here's your host, Stephen K. Mann.

00:16:49.340 Okay. Eric, let's go back to Marco Rubio. What he's saying, he's in the, not just the

00:16:59.780 middle east he's in the gulf emirates for a reason talk to us about what you think that reason is

00:17:04.900 and his discussion on straits of hormuz in the persian gulf sir my guess is that he's going to

00:17:10.980 try and smooth over the mess unfortunately i mean people are going to say it was great but

00:17:15.420 it was a disaster that that the the jd and kushner and um whitkoff put together because

00:17:21.520 you know on top of all the things we're going to give them all this money steve we're allowing them

00:17:26.760 to sell oil again?

00:17:28.700 Well, I want them to sell oil again.

00:17:31.080 We've had an Arbargo on them for years,

00:17:32.980 and all of a sudden we're going to let them sell oil

00:17:34.780 and enrich themselves even further.

00:17:37.260 It has nothing to do with this sort of deal.

00:17:40.360 It's just insane.

00:17:41.220 So I think Marco's putting his foot down a little bit.

00:17:43.360 Now that there was rumblings,

00:17:44.800 the Iranians said they didn't really agree

00:17:46.760 to no tolls in the strait,

00:17:48.360 and Marco just went in there.

00:17:49.400 I think the whole purpose of that was Rubio telling him,

00:17:52.040 hey, I'm not JD.

00:17:53.200 We're not going to do this.

00:17:54.080 You're not going to block an international waterway,

00:17:55.780 and we're going to make sure that doesn't happen.

00:17:57.500 I think they needed to hear that from someone other than the people

00:18:00.120 who are just trying to get any deal on the table for some reason.

00:18:04.340 This is, by the way, the memorandum of understanding

00:18:07.740 is just a framework that leads to a deal, right?

00:18:10.140 Because it's really, the MOU is non-binding of itself.

00:18:13.980 So that process is a whole process that's kind of, you know,

00:18:17.140 got its own logic, processes, internal, you know, 0.99

00:18:21.960 So dumb question, dumb question, Mr. Bannon. 0.99

00:18:24.220 And dumb question, Mr. Geopolitical guru of mine. 0.99

00:18:28.020 If you're going to do that, your 60-day memorandum, 60 days, we'll see if you perform, which, by the way, they'll be perfect angel children for 60 days, 61st day to return to the devil that they are. 0.95

00:18:38.320 But if you're going to do this, why allow them to sell oil in those 60 days?

00:18:41.340 Why don't you keep the embargo on that?

00:18:42.640 Nothing to do with anything.

00:18:44.380 I'm 100%.

00:18:45.540 I'm 100%.

00:18:46.520 You lock everything in.

00:18:49.040 You don't let them do anything.

00:18:50.620 You don't let them monetize it.

00:18:51.780 I carry a battle group out there.

00:18:54.840 Every ship comes in. 0.99

00:18:55.760 If it's oil from Iran, you turn it back around and send it back to Boundary Abbas. 0.97

00:18:59.480 I think you don't give them a penny of the cash, no assets, no lift, nothing.

00:19:04.180 Where were you?

00:19:05.000 Why weren't you in Islamabad?

00:19:08.340 Where the hell is banned?

00:19:09.340 No, I'm just a simple mick here in the war room.

00:19:16.240 Eric, one of the reasons I think the president would say you guys have got it wrong

00:19:20.300 is because he wants to bring down,

00:19:23.380 he wants to get the economy revved back up

00:19:25.000 like we had before the war started.

00:19:26.940 Obviously, that's predicated upon full-spectrum energy dominance.

00:19:31.000 Talk to us about this inflation number,

00:19:33.180 the personal consumption expenditures, PCE.

00:19:37.060 Why is that such a big number?

00:19:38.640 Why is the Fed focused on it and excludes, I don't know,

00:19:41.640 food and energy?

00:19:44.180 Why is that, and why is this such an important number?

00:19:47.240 Well, it's in the same number.

00:19:49.020 It's the one that the Fed uses as probably their main judge.

00:19:52.860 PCE plus the PPI or the producer price index.

00:19:57.700 Those are the two that they would normally look at.

00:20:00.340 But PCE is important because it's really everything we do, everything we buy, every service we do.

00:20:05.060 It encompasses everything.

00:20:06.480 And it's important that it's 4.2%. 0.65

00:20:09.520 It's over 4%.

00:20:10.660 We have to go back to April of 2023, halfway through Biden's term to see an inflation number this hot.

00:20:18.920 So, no, it's a terrible number.

00:20:20.840 And the worst part of this, Steve, you know, I've talked about this going through.

00:20:23.740 In fact, Steve, in the first couple of weeks of the war, I was out here saying, we've got to be careful because inflation is going to go.

00:20:29.840 And we're like, oh, well, if the price comes down, oil price comes down, don't worry, gas prices will come down.

00:20:34.260 Well, they won't.

00:20:35.780 Gas prices go up like a rocket and come down like an escalator.

00:20:39.880 That's the way it happens.

00:20:41.800 These prices are sticky.

00:20:42.940 They're sticking to the personal consumption expenditure number.

00:20:46.800 They're creating a higher inflation for everything.

00:20:49.880 And then when you pull out food and energy, which is insane to do because we use food and energy every day, it's still way elevated and on the trend higher.

00:20:57.660 And it will continue to stay elevated and trend higher for at least one more month.

00:21:02.940 And this is pushing up against a midterm election that could be disastrous with inflation running this hot.

00:21:09.420 Remember, we're midterm, we're Biden inflatable inflation.

00:21:12.820 Let's put that off to the side for a second.

00:21:15.300 Isn't the logic what the president is saying is that, as you said, right now what is encapsulated in this number is you've got a bunch of $140, $125, $115, $100 oil that's been bought that's got to be processed.

00:21:32.160 And these guys ain't going to process it at a loss, right?

00:21:34.920 So we're not to the $70, President Trump saying last night, $60 handle on it.

00:21:39.900 That's all to come.

00:21:40.780 Isn't the way you do that is let these guys start – let them start coming off the sanctions?

00:21:46.760 I don't agree with it, but isn't one of the logics is let them come off the sanctions and get more of the $40 and $50, $60 oil out there?

00:21:55.300 No, I disagree with that wholeheartedly.

00:21:57.520 I think we don't have an oil price problem, a crude oil price problem anymore.

00:22:01.440 Now we have a gasoline price problem that's going to be very sticky throughout the summer.

00:22:05.420 I think we have the highest travel Memorial Day in the history of our country.

00:22:08.740 people are driving at $4 a gallon of gasoline. That's 25% higher than the first Trump term.

00:22:16.280 Trump yesterday said, don't worry, gas is going to get to $2.25. I can still love Trump. I can

00:22:21.660 still be America first. I can still believe in this president as the greatest president

00:22:25.160 in my lifetime. But I can also say he's wrong about that. I've done oil for 40 years. I know

00:22:30.300 oil inside now. I was a marketing representative for ExxonMobil first. 92% of all the gasoline

00:22:36.920 sold in America is sold by independent franchisees, independent dealers. Only about

00:22:43.020 five to seven percent is actually Exxon Mobil selling it for themselves. Exxon Mobil, Shell,

00:22:49.460 Conoco, the people that Trump called out yesterday to come into the White House and get their oil

00:22:54.260 prices down. Those aren't the ones who are selling gasoline. That's not where the gouging is

00:22:58.700 happening. Gouging may likely be happening. Gouging is happening on the retail level. It's mom and

00:23:03.600 pop. It's the guy who owns 10 shell gas stations or sun gas stations. Those are the people who are

00:23:10.740 keeping the prices high. There is no way to regulate the gas. We have anti-gouging laws on

00:23:16.460 the state level, but the states have to declare a state emergency to kick in the gouging. It's

00:23:22.100 almost impossible to bring prices down if they're being gouged at the local level. So we're in a

00:23:28.960 tough predicament, but it's not something you didn't hear. I hate to do it, but we've been

00:23:33.300 beating the drum right here in War Room to get through this thing a lot faster than we actually

00:23:37.300 did. If you have to go through hell, go through as quickly as possible. Eric, tell us about your

00:23:43.400 heading to Nashville. Why are you taking the show on the road? The last one was huge, went to the

00:23:48.380 villages. That was overwhelming. Why Nashville? I wanted to go to the heartbeat of where true

00:23:54.640 conservatives live and conservatives live in America. We have such a huge base, and we had

00:23:58.900 You know, obviously in Central Florida, we have in Nashville, Tennessee, we're going to probably head out to, I think we're going to Floribama, and then we're going to head out to Phoenix.

00:24:06.920 All the places where people love Real America's Voice, love Steve Bannon, War Room, my show, Bowling, and really tap into people's, what they want to hear, what they want to talk about.

00:24:15.760 We put people on in the audience.

00:24:18.540 We've sold out every place, standing room only.

00:24:22.080 You know, if you're in the area, please come by John Rich's Redneck Riviera.

00:24:25.620 John will be joining us.

00:24:26.760 We're going to talk all things like what's on your mind? What do you want the politicians to hear? Because, Steve, as you know, they listen to our shows and they hear what we're saying.

00:24:37.360 What's your sense last night? And we're going to have if everything works out, hopefully we'll have Ambassador Crowley on here to talk about the 10 day run up to the to the fourth huge event last night.

00:24:48.120 What's your sense of where people's heads are in the run-up to the 250th commemoration of the signing of the Declaration of Independence, just where they think the country is, sir?

00:24:59.100 I think that I think the event, the events surrounding the anniversary will will bring back some patriotism, bring back some conservative voters.

00:25:07.780 I think right now people are disillusioned. I mean, the base is wondering why we're spending so much money, why we're allowing things to happen that they don't like, why prices are this high when we literally escorted Biden out of the office because of prices.

00:25:19.940 I think that 250 will help us a lot. And I hope, I hope, you know, I hate to say this,

00:25:25.380 but I hope one of the, you know, either Clarence Thomas or Alito retire. So people realize how

00:25:30.960 important it is to keep the Senate. Because if you don't have the Senate, you're going to have

00:25:34.880 a hard, Trump's going to have a hard time getting any of his choices through on time. So I would

00:25:39.120 hope that, you know, they do it and they do it early enough after the midterms so we can work

00:25:44.160 on getting another Supreme Court justice in there. 7-2 sounds a lot better than whatever we are.

00:25:49.800 We're allegedly 6'3".

00:25:51.020 We might actually be 5'5", but you know that as well.

00:25:56.100 We're hanging.

00:25:56.840 In fact, we're hanging for these big announcements.

00:25:59.080 I talked to Mike Davis, the vice-rory, or made contact with him really this morning

00:26:02.540 about the dropping of the one we're going to hear about, birthright citizenship.

00:26:06.480 It's quite ironic in the 250th birth of our nation that we're about to have a decision

00:26:13.840 that could codify how radical this country is changed.

00:26:19.160 Eric, where do people go for all the content, for the shows, on the road, everything you got, sir?

00:26:25.240 The Real America's Voice every day at four, leading into the band of War Room at five. 0.98

00:26:28.380 Also, at Eric Bowling, E-R-I-C-B-O-L-L-I-N-G everywhere.

00:26:32.220 The Edge on YouTube and the bowling show everywhere else. 1.00

00:26:34.860 Appreciate you guys.

00:26:35.880 And, Ben, keep doing it, man.

00:26:37.060 Keep crushing it.

00:26:37.760 My OG conservative true north, brother.

00:26:41.220 No, no, no.

00:26:42.100 Hold it.

00:26:42.700 Are we taking a bowling upgrade on the road with us?

00:26:46.320 That's what I'm hearing.

00:26:47.320 Rumor has it. 0.99

00:26:48.900 Where has it, Maureen Bannon will be joining the bowling show tomorrow, 1.00

00:26:53.980 Friday afternoon, right towards the end of the 4 o'clock hour. 0.95

00:26:57.700 We're looking forward to maybe, hey, Maureen,

00:26:59.340 maybe get a little insight on Mr. Stephen K. Bannon, you know,

00:27:03.100 the home life behind the scenes, behind the curtain, so to speak.

00:27:06.800 There's no home life.

00:27:07.640 What you see is what you get right here.

00:27:10.940 We know that.

00:27:11.660 That's why you're so good at it.

00:27:13.480 Because you and I connect that way because we're the same people in front of a

00:27:17.680 cameras behind. I appreciate you. Appreciate

00:27:19.620 Maureen. I'll see you tomorrow afternoon,

00:27:21.820 Maureen. Okay,

00:27:23.700 brother. Thank you so much.

00:27:26.160 Appreciate you.

00:27:30.140 You're not going to rat us out there.

00:27:33.720 This Nashville event's a big event.

00:27:36.020 Got John, Rich, got everybody.

00:27:37.780 So much is happening. Eric's taking the show

00:27:39.540 on the road. Rav's everywhere.

00:27:41.980 Really want to thank Real America's Voice.

00:27:43.920 Hopefully we're going to get Ambassador. I know

00:27:45.480 she's overwhelmed today. Hope to get

00:27:47.480 ambassador crowley uh on the show and walk through what's going to happen last night

00:27:52.040 couldn't have been better i mean really a special presentation people know i'm a sucker for the

00:27:57.320 music i thought the music was unbelievable and just a great turnout the military bands which are

00:28:02.760 my favorite just absolutely amazing and some of these singers from the army are just absolutely

00:28:09.400 amazing incredible okay uh birch gold they've got a special only goes to july 10th with a

00:28:15.880 qualifying purchase you get a free one ounce silver round easiest way to do this just take

00:28:22.320 your phone and text bannon b-a-n-n-o-n at 989898 you get the ultimate guide for investing in gold

00:28:28.840 and precious metals but more importantly get to talk to philip patrick and the team particularly

00:28:33.920 now about financial turbulence another hot print peter navarro's got a pretty good piece out just

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00:30:24.400 Truly, Kate, such a remarkable day on Capitol Hill.

00:30:27.660 and one you really don't see in this era of Republicans so eager to show fealty to Donald

00:30:34.040 Trump. I actually want to borrow a New York, the New York Times lead today on this from my friend

00:30:37.820 Michael Gold, because I think it sums it up perfectly. They wrote the confrontation came

00:30:42.140 over lunch. The cleanup began after dinner. That is what we saw. I do want to start with the news,

00:30:48.120 which is what you mentioned at the top here, the reversal on the war powers resolution.

00:30:52.900 As you mentioned, it came just hours after the president clashed angrily with Senate Republicans behind closed doors in this lunch, specifically with Senator Bill Cassidy.

00:31:03.060 But later in the day, in a 50 to 47 vote, one senator voted president.

00:31:07.980 They defeated that War Powers resolution that they had just passed the day before on Tuesday.

00:31:12.880 Now, I should note, this is a largely symbolic measure or move, I should say, didn't really change much to the crux of the original legislation.

00:31:21.580 But unmistakably is a sign to try and mollify the president, who, again, was really clashing and berating members earlier in the day.

00:31:31.180 But to get back to that first yesterday, we knew the president was going to the Hill for lunch with Senate Republicans right before he did.

00:31:38.160 He kind of snatched defeat from the jaws of victory for Republicans and his White House alike.

00:31:44.540 He said that he was not going to move forward with a bill signing on a very popular and bipartisan housing bill.

00:31:49.660 One that his own team here at the White House had been celebrating that same day, including we also saw the House Speaker Mike Johnson touting it earlier in the day as well.

00:31:59.400 Then he sent the day, as I mentioned, berating Senate Republicans largely over that War Powers resolution where they kind of rebuked him on Tuesday.

00:32:07.700 And specifically at one point we were told that he devolved into a shouting match with Senator Bill Cassidy. 0.91

00:32:12.800 At one point during that lunch, the president called the senator a, quote, lunatic.

00:32:17.780 So that just shows how I think tense things are currently in Congress.

00:32:23.840 I will note Cassidy was one of the people who did ultimately change his vote to go for this War Powers Resolution vote, changing it yesterday.

00:32:32.880 He said that that was after receiving a briefing from the vice president in Steve Wyckoff.

00:32:37.600 We heard similar things from Rand Paul, another person who changed his vote, arguing that he said since the hostility seemed to be over,

00:32:44.600 the president gave me to give consideration to his negotiating position, I will do so.

00:32:49.760 So we'll see where things go from now.

00:32:51.900 But this is not the end, I think, of the infighting, Kate, among Republicans on the Hill.

00:32:56.240 Why does President Trump keep blindside Republicans on a number of legislative issues, including this morning's Sunday?

00:33:01.700 I've been calling him blindside.

00:33:03.000 He's been saying consistently for months that to save America is a top priority.

00:33:07.700 I talked to him about it this morning, an hour before he made that announcement.

00:33:11.500 I convinced him that, I thought, the House of Congress was his priorities and it was good policy.

00:33:19.020 I need a ton of time to go through with him the great policies and the changes we made from the original Senate bill that were not a great product.

00:33:25.400 But isn't this unhelpful?

00:33:27.700 I think it will delay the signing.

00:33:29.900 I think we get it done.

00:33:32.160 A quick fact check.

00:33:33.300 They were blindsided.

00:33:34.400 In fact, a stage had already been set up at the Capitol for the bill signing.

00:33:38.860 The president said that he's canceling the signing until Save Us is passed. He said he's not coming today.

00:33:43.820 Okay, all right. I just heard that.

00:33:46.240 So what can you say about that? Is that going to work? Is that how your members are going to react to it?

00:33:51.020 I don't. I guess I would say at this point, I don't have any opposition.

00:33:58.460 Okay, just so we understand the kind of order of battle here, the president, I think, was alerted basically that, hey, before this lunch,

00:34:08.860 and i think it was with the steering committee i mean i guess cassie came in but with the

00:34:12.540 steering committee not with the entire conference the um and it wasn't everybody in his face i think

00:34:18.140 he and cassie got into it the president said look i'm not going to sign the housing bill which

00:34:24.060 everybody's worked on and we had the um we had the team from um compass yesterday on here they

00:34:30.380 had worked on it uh daniel uh kissy and the team uh it's a it's a it's not perfect but it's it's a

00:34:37.180 really good piece of legislation it's the first big thing i think has been passed um that actually

00:34:42.880 had bipartisan support and uh but the president said i'm not going to do it you're not listening

00:34:48.440 to me that the save america act is that it's save america and the president's want you know

00:34:55.580 over and over again it said uh this is you know more so important i'm not going to do anything

00:35:02.440 until that gets done and yet they had this piece of legislation and i think he just said look we're

00:35:08.740 not going to do this i'm not going up there i'm not going to have a signing ceremony i'm not going

00:35:12.480 to um uh have a press conference take questions from the press when this is the most important

00:35:18.660 thing and if the reporting is correct and the white house was called the staff's called oh

00:35:23.840 you know a surprise or johnson or people on the hill i don't understand why maybe it's time to

00:35:29.740 Start listening to President Trump, and when he says something, just when he says something, he means it.

00:35:35.440 And particularly on this, he couldn't, Mo, how many true socials did he put it?

00:35:39.780 How many times, every time he talks about legislation, it's always about Save America.

00:35:43.880 Is there any doubt in your military mind that this is the president's priority?

00:35:48.180 Not at all.

00:35:48.940 It's very clear.

00:35:50.620 Crystal clear.

00:35:51.460 Crystal clear.

00:35:52.800 And so I don't know why we have a big, and actually go up.

00:35:55.960 And remember, the president of the United States doesn't go to Capitol Hill often.

00:36:03.020 He's invited by the Speaker of the House, I think by the Constitution, to give an update on the union, to give an update on the union on an annual basis.

00:36:12.700 That's become now the State of the Union, this big, you know, pageantry and this whole thing of State of the Union for, I think, for the first hundred years.

00:36:21.820 He sent like a letter.

00:36:22.820 He sent a memo and it was read.

00:36:24.000 i'm not sure guys even went up and actually did it certainly not to the pomp and circumstances

00:36:30.380 done today my point is when he goes up it's a big deal the chief executive does not go up to

00:36:35.960 the hill often so going up yesterday see the senate particularly in this situation

00:36:39.440 where they're treating him like a lame duck to the fact that he's trying to negotiate this deal

00:36:46.440 and clearly you got mark over there saying one thing about the straits there's another thing

00:36:50.680 being in negotiating the MOU, okay, no big deal, we'll figure it out. But what the president

00:36:56.460 doesn't need, and they said they go, which is highly symbolic, yeah, it's highly symbolic 0.84

00:37:01.240 to the frickin' Arabs and the Persians in the region, and the Turks and everybody else 0.98

00:37:07.240 are saying, hey, because the headline on BBC, the headline all over the world, Mo, you saw 0.75

00:37:12.140 this, is that, hey, the Senate has put restrictions on the president on his War Powers Act. They

00:37:17.820 don't understand the um the nuance of the uh unconstitutional war powers act they just read

00:37:25.960 the headlines and it says and it shows dissension that a body that he controls or is controlled by

00:37:33.120 his party and every person in there is in there the 53 in there because of donald trump

00:37:37.700 if you didn't have his endorsement you're not in there uh to wit uh cornyn and cassidy are going

00:37:45.520 home because they crossed him on so many occasions going home and Cassidy finished third in a primary

00:37:52.100 unprecedented it's unprecedented for for a for an incumbent to lose the way the money works and

00:37:58.160 the structure of this and the perks it's virtually impossible to beat a senator in a primary in a

00:38:04.740 state these are highly unusual things and so he goes up there having already trying to force him

00:38:13.160 as a forcing function, to force him to sign something,

00:38:17.080 so then his promise is meaningless.

00:38:21.160 I don't understand what they're thinking about.

00:38:23.280 I don't understand what they don't get.

00:38:25.120 He's put this, he's anchored his, because guess why?

00:38:29.800 Because of the stealing of elections.

00:38:31.380 At the same time, you've got Pulte, you've got Solomon,

00:38:34.120 you've got others that are up there on this excavation process.

00:38:39.620 That's what it is.

00:38:40.580 to get to the bottom of all this.

00:38:42.800 I believe you heard John Solomon on the show last night

00:38:45.100 was gracious enough to join us

00:38:47.840 as he was going back to work at the White House.

00:38:51.180 He's a temporary employee over there for, I think, 210 days

00:38:54.300 or something like that.

00:38:56.520 On declassification, he told you, hey, some things are coming.

00:39:01.420 So then the president goes into the lunch.

00:39:03.600 What have I said here over and over and over again?

00:39:05.960 I've been very consistent. 0.99

00:39:07.780 They're treating him worse than a lame duck

00:39:10.180 Because the lame duck, once the guy's out of office or it's, you know, the time's moving on, you treat him with some respect, you give him a head nod, not a problem, you know, hope that we'll give you a watch when you leave, right, a gold watch, it's all going to work out.

00:39:27.640 But here, they're not treating him with respect.

00:39:33.160 He carried these people across the gold line in November of 2024, the House and the Senate.

00:39:40.180 We have a huge dogfight in front of us and obviously the print today.

00:39:45.560 And I just want to say again that Peter Navarro disagrees with this.

00:39:50.540 He's got a great piece up in Real Clear's Market.

00:39:52.460 I talked to Peter right before we came on air.

00:39:54.340 We're going to try to get Peter on the afternoon show.

00:39:57.220 But it's a hot print.

00:39:59.780 You know, people are very concerned about this.

00:40:01.380 President's working nonstop to try to, you know, work things through.

00:40:04.940 And they show no respect.

00:40:07.880 comes up for this lunch a guy that loses in a primary and cassie says hey i got i'm irish i

00:40:13.980 got irish temper hey so do i i empathize i know what you you know what are you laughing for

00:40:18.000 i'm not laughing i'm not laughing what are you laughing for you're the one's got the hot temper

00:40:23.020 this we're gonna keep i i do no no we gotta keep you on the short train here you're you're on the

00:40:27.760 border you gotta be respected class it up um cassie and the president they make it seem like

00:40:34.540 because everybody wasn't, I think it was Cassidy,

00:40:36.120 and they got heated. 0.94

00:40:38.720 In fact, they started yelling, 1.00

00:40:39.760 or at least Cassidy started yelling 0.99

00:40:40.900 to the President of the United States. 0.81

00:40:41.820 Put that in your mind for a second.

00:40:44.180 Lyndon Johnson or Jack Kennedy or Richard Nixon

00:40:46.960 are going to go up to Capitol Hill to the Senate,

00:40:50.140 and they're going to, Mike Manchester,

00:40:51.080 these guys are going to start yelling at them?

00:40:52.380 I don't think, what are you talking about?

00:40:54.080 This is like, this is Donald Trump.

00:40:56.760 If we didn't have Trump,

00:40:58.360 if you didn't have Trump,

00:41:00.080 you wouldn't have a country.

00:41:01.760 You just flat out,

00:41:02.740 if you didn't have Trump, you wouldn't have a country.

00:41:04.260 You see what happened Tuesday night with these young progressive Marxists in New York City that spread throughout the country?

00:41:11.620 And I realize only 7% of the vote, but hey, 7% that shows up has power.

00:41:17.200 If you didn't have Trump, you wouldn't have a country, flat out.

00:41:19.800 Do we have to do more? You're damn right. 0.79

00:41:22.040 Are we only at the beginning of this fight? You're damn right. 0.98

00:41:24.460 And this is for all the Republicans out there that want to look away from this. 0.77

00:41:28.240 I'm trying to get Rosemary Jinks up because we've got, I think, great ruling on deportations. 0.99

00:41:32.420 everybody that understands it's too hard to fight this color revolution it's too hard to fight 0.97

00:41:37.760 the invasion that went on this is why the country's in the shape it's in because for you know since

00:41:44.920 i don't know nixon let's pick a random number since nixon you've you've controlled the senate

00:41:51.000 you've controlled the senate the house and the in the in the white house just as much as the

00:41:55.780 democrats then how the country get in such a bad shape because the democrats are focused

00:41:59.400 on what they are trying to accomplish.

00:42:02.320 And it gets more and more radical every day.

00:42:04.620 Look at that Democratic Party today.

00:42:06.180 DSA is Democrat Socialist.

00:42:08.400 What I call Marxist Jihadist.

00:42:11.220 And it has all the modern tools of how to do,

00:42:14.040 of how to get voters out.

00:42:15.720 The reason is, is that the same deadbeats 0.91

00:42:18.880 sitting in that Senate, the same deadbeats,

00:42:22.640 and we haven't changed the party that much.

00:42:24.740 We just have not.

00:42:26.260 There's a handful of Trump supporters in the House,

00:42:28.380 and there's a handful in the Senate and they're just they're just playing for time,

00:42:32.480 tapping Trump along. As soon as he's gone, it's going to they're going to try to revert back to

00:42:36.720 it. Now we're going to we're going to raise bloody hell and fight like hell and make sure 0.96

00:42:43.020 that doesn't happen. But that's what they intend to have. You see this Cassidy. And then and then 0.78

00:42:46.680 get this. Cassidy goes over to the White House, to the situation room after the meeting

00:42:51.900 and has a briefing by the VP and Whitcoff. That's great. And then comes back, changes vote. Yo,

00:42:58.380 are you not spending time?

00:43:01.460 You have access to intelligence up there.

00:43:04.740 Or if you don't think you got enough access,

00:43:06.440 did anybody reach out to the White House and say,

00:43:07.960 hey, maybe we get further access? 0.92

00:43:09.880 I don't understand how after you vote for the war powers 0.93

00:43:13.220 to humiliate and embarrass the president 0.65

00:43:15.520 and make it harder for him to negotiate,

00:43:17.900 then you go get a briefing and reverse the vote.

00:43:21.100 Is this information not available to you?

00:43:23.900 Do you take these profound votes to limit the commander in chief on something that Cassidy's guys should understand?

00:43:31.880 I think most constitutional lawyers or at least most constitutional lawyers on the right will say, you know, this is unconstitutional.

00:43:40.160 The War Powers Act in and of itself is unconstitutional.

00:43:42.500 So to take that measure against the president in the middle of a war when he's trying to negotiate with people who are not easy to negotiate with, that you take that.

00:43:53.780 Then you go get a briefing.

00:43:54.760 Oh, yeah, I'll change it after the briefing.

00:43:56.260 I don't get the process.

00:43:57.900 And I also don't get people just allowing the Senate to go on recess.

00:44:04.220 I realize, oh, it's previously scheduled. 0.87

00:44:05.640 I don't give a damn. 0.65

00:44:06.520 I got a lot of previously scheduled stuff. 0.87

00:44:08.240 The president of the United States got a lot of previously scheduled stuff.

00:44:10.120 He calls an audible in the middle of the day and does something else because of the urgency of the matter.

00:44:17.220 Short break.

00:44:19.320 We rejoice when there's no more. 0.83

00:44:21.380 Let's take down the CCP.

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00:46:03.940 War Room, here's your host, Stephen K. Mann.

00:46:11.060 Okay, I'm honored.

00:46:12.600 By the way, just in the neighborhood, Ambassador Monica Crowley,

00:46:16.520 formerly a co-host and a regular contributor.

00:46:19.760 Thank you, Scott Bezzi.

00:46:20.540 You guys did well.

00:46:21.460 The class of the war room did quite well.

00:46:23.500 Well, it's great to see you again.

00:46:24.740 It's been a minute, Steve.

00:46:25.980 Great to be back here with the posse on the war room.

00:46:28.700 And, yeah, you lost your entire, like, guest and co-host base, right?

00:46:32.700 To the vote, Navarro, best in you, but better, better, better.

00:46:36.520 Okay, we've got a bunch we're going to do.

00:46:38.040 We were here.

00:46:39.140 We did live last night, I think, six hours of just a magnificent kickoff.

00:46:43.860 At the top of the hour, we're going to do a cold open on that and then get your comments.

00:46:48.060 I want to talk about everything else, though.

00:46:49.500 So we have, you know, RAF covers wall to wall, the president's movement, everything's going on.

00:46:55.440 In fact, we just started with Marco, the secretary of state in the Middle East and the discussion of Hormuz.

00:47:02.360 So we're in the middle of the night and we do it all live.

00:47:05.400 And I just got to tell you, it's been fantastic, whether it's the Russia or particularly China.

00:47:09.680 I want to start with China because I don't think everybody knows.

00:47:15.280 Most people know your connection with Richard Nixon and how much and particularly in those years later in life when he was reflective on his importance in history and particularly related to China.

00:47:28.860 What did it feel like for you to go back, representing the president of the United States as the ambassador for protocol and organizing the whole thing, understanding that your mentor, that had been the exact place where he had such a big impact on history?

00:47:42.640 Well, thank you so much for that question. And it's a huge question. And it means a lot to me personally, because I also wrote my entire Ph.D. dissertation at Columbia on the evolution of U.S. policy toward the People's Republic of China, starting with Truman and Acheson in 1948, all the way through 20 years later.

00:48:02.720 Oh, you mean where we gave China to the Chinese Communist Party?

00:48:06.060 Your Ph.D. thesis was a little more gentle.

00:48:08.660 Right. Well, when Truman decided that we couldn't fight a two front war against two separate Chinese monolithic parties, first one in Moscow obviously was paramount and the premier threat or the second one in Beijing.

00:48:25.260 We just didn't have it in us after World War II that had depleted so much of our resources. 0.77

00:48:30.720 So Truman made a decision that, look, we're just going to have to cede this for now because we've got a primary battle in the new Cold War against the Soviet Union.

00:48:40.360 Fast forward 20, 25 years.

00:48:42.580 Very much like the philosophy of World War II. 0.94

00:48:45.320 We have to beat the Germans. 1.00

00:48:47.080 The Japanese will come after that. 1.00

00:48:48.720 Still the same mindset because I take a different mindset.

00:48:51.280 We're a Pacific nation.

00:48:52.420 Same mindset.

00:48:53.240 We've got to save Europe first.

00:48:54.740 Right. 0.98

00:48:55.260 We'll worry about China on the back end. 0.98

00:48:57.060 You have to triage the threats, right, especially coming after World War II and all of our resources. 0.97

00:49:01.760 And the American people were spent after World War II.

00:49:04.780 And I actually have a quote in my dissertation coming from Dean Acheson where Truman says, you know,

00:49:11.360 how are we going to even rally the American people to confront the Cold War threat posed by the Soviets?

00:49:17.880 Never mind the Chinese communist threat.

00:49:20.420 And Acheson replies to him, we have to scare the hell out of the American people.

00:49:25.260 And that does sign up there to get. I'm not saying that the Soviets weren't a threat. Of course, they were. But in order to mobilize the American people, how much the American people want to put World War Two in back of them. 0.94

00:49:36.860 Yeah. And wanted to revert to an America first posture after World War Two. And then, of course, we faced a new threat. But going back to China, you know, 20 years after Truman, and I wrote about this in my dissertation, Nixon, Nixon wanted to open the door eventually.

00:49:53.480 would he have done it that soon without Vietnam? Probably not. But because our resources were so

00:50:00.980 drained, and I wrote about this, this was the basis of my argument, but because our resources 0.74

00:50:06.200 were so drained in Vietnam, he could not confront either the Soviet Union or the Chinese Communist

00:50:12.500 Party in the kind of aggressive way he wanted to. Therefore, he had to buy time until we could get

00:50:19.120 past Vietnam and you could get a president like Reagan who was more freed up to confront both

00:50:25.260 threats in a more aggressive way. So you had detente with the Soviet Union and you had the 0.80

00:50:29.620 opening to China. And both of those things were designed not as long-term strategies, but to buy

00:50:36.340 time so the U.S. could recoup its losses after Vietnam, get back on its feet, and then confront

00:50:44.600 both of these threats in a more aggressive way. My very first trip to China was in 1993 with

00:50:50.840 President Nixon. And if we have time, Steve, I want to share this. So when I went with him in 1993,

00:50:59.020 China was just coming out of its isolation. Nixon opened the door in 72, but it took them 0.74

00:51:05.040 another 20 years to kind of figure out exactly what to do. And Nixon had a brilliant insight

00:51:11.540 into this. When the wall came down, Gorbachev in Russia decided to put political reform ahead of

00:51:20.400 economic reform. It was glasnost before it was perestroika. That immediately collapsed the

00:51:26.820 system because you cannot give people who have been living under the jackboot of tyranny a choice

00:51:33.220 in their political system, even if it was just their local races, right, in their community,

00:51:39.140 and then not giving them a choice in their economic life, right?

00:51:43.800 So that immediately accelerated the collapse of the Soviet Union. 0.96

00:51:47.440 The Chinese saw that and being much smarter, they did the exact opposite. 0.98

00:51:52.460 They did economic reform first, and that staved off any demand for political reform, right? 0.99

00:51:59.400 So in 93, they were just coming out of all of this.

00:52:02.620 They were still a very agrarian society.

00:52:05.260 Coming out of Tiananmen Square.

00:52:06.260 Yeah, coming out of Tiananmen Square in 1989.

00:52:08.440 This is 93. And when I was in Beijing and Shanghai with President Nixon, meeting the entire Chinese communist leadership, what was striking is that in all of these major cities, there were four lane highways.

00:52:22.080 Steve, the main the lane on the left was meant for Chinese communist vehicles.

00:52:28.480 You'd see one or two as the leadership would go through the streets.

00:52:32.100 The next lane over was for private vehicles.

00:52:34.520 totally empty. The next lane over was for like horses and bicycles, totally full,

00:52:42.640 millions of people in that lane. And the final lane was for donkeys and carts and that kind of

00:52:48.580 thing. Steer, oxen, totally full. 1993. Fast forward, I go back with Secretary Mnuchin in

00:52:56.440 2019 negotiating the first trade deal. And I look out of my hotel window in Shanghai and I cannot

00:53:03.120 believe what I'm saying. Also, this time with President Trump, Steve, what struck me is in the

00:53:08.960 space of one generation, the Chinese have gone from an agrarian society to an industrial and

00:53:15.560 nuclear superpower. And everybody in America with the resources has to go to China and see with 0.56

00:53:21.020 their own eyes what we are up against. What we're up against. We're going to take a short break.

00:53:26.260 In fact, I want to restructure and come back to this. Still got some more questions on this.

00:53:29.200 Richard Nixon, though, never forgot for a second, they're communists.

00:53:34.420 Exactly.

00:53:35.120 He never fooled himself.

00:53:38.560 No illusions, as he used to say.

00:53:40.840 I'm under no illusions.

00:53:42.040 No illusions.

00:53:42.440 We're going to take a short commercial break.

00:53:44.480 Ambassador Monica Crowley, an old friend of the show, is now in charge of everything protocol and running America's 250.

00:53:51.720 We had a magnificent kickoff last night.

00:53:53.500 We're going to get into all the details of that next in the War Room.

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Bannon's War Room - June 25, 2026

Episode 5470： Senate Leaves Town After Blowout Fight; Inflation Increases

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