Bannon's War Room - August 04, 2026


Episode 5564： Bessent Lays Out The Path Towards America's Golden Age; If Michigan Falls So Goes The US


Episode Stats


Length

54 minutes

Words per minute

153.71

Word count

8,410

Sentence count

370


Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 You know about the yen. I guess you had some experience in the private sector, maybe from the other side of the trade at one point.
00:00:10.280 Is there anyone who is as adept at working with yen? I don't know. Is it manipulation? What is it? Support?
00:00:20.960 Or in the last case, it wasn't support. It was actually shorting it, I think.
00:00:25.520 Well, Joe, I think it's important to have a framework here.
00:00:29.040 And just just a level set here, the framework begins with the strong relationship between President Trump and the prime minister.
00:00:37.760 And I have an extremely good working relationship with my counterpart, the finance minister, Katayama.
00:00:44.620 And, you know, I have been I've been going to Japan since, I think, 1989 and have more than 50 or 60 visits here.
00:00:55.460 So I'm well versed. But what's important here is we've been in close contact with our Japanese allies and they are great allies in the region, both militarily and economically.
00:01:08.080 And we understand that they are making serious efforts to stem the substantial undervaluation in their currency.
00:01:18.200 And Joe, this is more than just a market intervention that through our conversations with them,
00:01:25.560 we believe that they are going to continue to put the right policies in place that will lead the yen to get back to more of a normal equilibrium price.
00:01:35.480 We've seen President Trump last week threatened what would have been one of the largest military campaigns or the largest military campaigns since World War Two against the Iranians.
00:01:48.820 And now we are because of that, we are in talks with the Iranians.
00:01:53.120 And I think there is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalized position in this conflict.
00:02:05.120 And, you know, that's because if their air force is wiped out, their Navy is wiped out, substantial portion of their missiles are wiped out.
00:02:12.380 More importantly, their missile production capability is wiped out.
00:02:17.020 So, you know, any anything that happens in the Gulf will benefit Japan and indeed the rest of the world.
00:02:23.580 Joe, just to clarify on that, Mr.
00:02:26.360 Secretary, the idea of having a deal today or tomorrow to reopen the strait, would that be reopening the strait?
00:02:32.120 straight, but the Iranians somehow having the ability to charge a toll on that? Or would that
00:02:38.120 be reopening the strait and it's free and clear and anybody can move through? I think it would be
00:02:42.840 freedom of movement. And even though things are still a little dicey there over the past few days,
00:02:50.540 we've saw quite a few ships coming out even now. So, you know, I'd expect the energy prices to
00:02:58.800 settle back down, which, as I said, will be good for the entire world. And, you know, once the
00:03:04.260 street reopens, there are, you know, hundreds, if not a thousand ships sitting in there waiting to
00:03:10.360 go out. And, you know, Becky, it's not just energy, it's fertilizer, it's refined products,
00:03:18.240 it is the various industrial gases. So, you know, I think that we could see a big relief trade
00:03:28.260 as those prices go down.
00:03:30.600 In fact, as you've been speaking, Mr. Secretary, the WTI price is dropping.
00:03:35.580 We were looking at oil at 82 earlier this morning.
00:03:40.260 Now it's trading at about 78.
00:03:44.380 I guess you watch those levels pretty closely.
00:03:46.860 What do you watch on a daily basis?
00:03:48.380 Is it oil? Is it the 10-year? Is it the 30-year? The 2-year? Is it the yen?
00:03:52.660 What are the things that you're watching most closely?
00:03:55.280 All the above, Becky.
00:03:56.700 But, you know, what I really watch is how the U.S. economy is doing and the economic numbers have been strong.
00:04:05.540 We had manufacturing, ISM, strongest since 2022 when we came out of COVID and manufacturing is back in the U.S.
00:04:15.520 We are seeing substantial non-residential building going on.
00:04:21.600 So those are construction jobs.
00:04:23.480 As Andrew asked the professor from Notre Dame earlier, is this temporary or is it sustainable?
00:04:33.380 And what I would say with overall manufacturing, if I look at my hometown, Charleston, South Carolina,
00:04:40.200 Boeing is doing a 50 percent increase in their production there.
00:04:45.640 So those are construction jobs, but those are going to morph into a thousand great high paying industrial jobs.
00:04:53.480 So, you know, we're seeing this manufacturing renaissance happen.
00:04:56.620 I think of this as a detox that the both the financial markets, financial journalists, the no one on this screen, but many, many others, especially especially in print, had just become stenographers.
00:05:15.060 And same for many of the Wall Street firms.
00:05:17.800 Look, I began Wall Street in 1984, and you never knew what the Fed was going to do, and you had to be positioned accordingly, and you actually had to do your own work.
00:05:31.540 And I think we are seeing a detox here, and all this with forward guidance, that I think every meeting should be live, and that market participants should make their own judgments.
00:05:46.280 Because I can tell you, in my opinion, what caused the great inflation, the Fed was late raising rates.
00:05:54.200 But the reason they were late raising rates is that November of 21, it was clear that the economy was hot and the Fed needed to do something.
00:06:04.620 But they kept QE going until the month before they started hiking rates.
00:06:10.860 So they were buying hundreds of billions of dollars of bonds.
00:06:14.680 And that was because they felt locked in with forward guidance.
00:06:18.220 So I think Chair Walsh wants to maintain optionality for optimal outcomes.
00:06:24.580 And I am sure that under his leadership, the Fed will balance between their growth mandate and their inflation mandate.
00:06:32.820 It's still above target. Will the promise of A.I. in terms of productivity, will that arrive quickly enough for for Chair Walsh to bring down the inflation rate in a way other than trying to slow the economy with higher rates?
00:06:48.940 Well, I think we have to look and think what does an increase in the short term rate actually do?
00:06:57.140 So we'll we'll see on that.
00:06:59.940 But the other thing, too, is I think there are a lot of short term indicators here, much of it energy related, that will work its way through the system.
00:07:12.860 when energy when we had the MOU with the Iranians in early June from June for the June inflation
00:07:21.800 numbers, we saw one of the biggest drops in years. So, you know, there's a very noisy component in
00:07:27.500 there. But what what gives me the confidence is that the underlying numbers, they are very tame.
00:07:36.400 So core core inflation away from the fast moving segments that are impacted by energy have been very quiescent.
00:07:44.980 And I think we're going to continue to see that.
00:07:47.620 Secretary Besson, just we've been watching the A.I. trade so closely.
00:07:51.480 And there are some people, including Steve Eisman, who was with us last week, who said he thinks everything is an A.I. trade right now.
00:07:58.400 And that's either going to go very well or very badly, depending on how that shakes out.
00:08:02.280 He related it through to companies even like a Caterpillar, which, by the way, is up more than 8 percent this morning on stronger than anticipated earnings.
00:08:09.700 But it's been down over the last month as people worried about whether the A.I. trade could continue.
00:08:14.580 Everything in A.I. is related pretty closely to interest rates.
00:08:17.440 If interest rates rise and it's harder to get debt or it's more expensive to get debt as a result and that data boom and the rest of it kind of slows down.
00:08:28.700 Do you think that impacts the overall economy in a big way, or do you think that's more of a market play?
00:08:34.080 Well, Becky, we've seen interest rate rise, and we've seen no let-up in this AI CapEx.
00:08:39.540 And, look, I like Steve, but I think to categorically say that everything's an AI trade is an incomplete thought,
00:08:49.840 that I think the underlying dynamics of the economy are very strong.
00:08:54.260 And one thing that is very interesting to me is we are seeing this small business formation and we can see it as we talk to the nation's banks, as we see the filings at the IRS and for new startups.
00:09:11.560 We are seeing like this big Main Street and small business revival.
00:09:15.860 And I think a lot of that may be due to A.I.
00:09:20.020 The Wall Street Journal had an interesting story, I believe it was last week or the week before, that said you're seeing the rise of the one-person startup.
00:09:29.120 And a lot of that is AI-enabled.
00:09:31.680 And the professor from Notre Dame was talking about what we're seeing in terms of AI implementation.
00:09:40.100 And I'm old enough to remember what happened in the 90s when we saw the office tech boom.
00:09:46.720 And you saw this whole cottage industry spring up that didn't previously exist.
00:09:54.340 I think they were called system integrators, and they were bringing the office modernization revolution into both small, medium and large businesses.
00:10:05.520 And I would expect we could see a boom in that over the coming years.
00:10:10.180 So, you know, but on the other side, we are seeing the rest of the economy is performing very well.
00:10:17.480 Also patients to you that the underlying problem with shelter or with services or with wages.
00:10:26.020 Are there signs that maybe the good numbers we just saw on the past reports, will that continue even though oil is back up and give Chair Wors some leeway in September?
00:10:38.440 Well, again, I don't think that Chair Warsh or indeed the overall FOMC, you've got to remember, Joe, when they raise rates here, if they raise rates, they're looking at long and variable lead time.
00:10:55.220 So they've got to be thinking what's going on 9, 12, 18 months out.
00:11:00.780 And I do think that there are a lot of things going on there.
00:11:04.520 You know, we're we're seeing shelter owners equivalent rent rents come down and that that's where core inflation is.
00:11:13.640 And the the media doesn't want to report it. But President Trump has done it again, same as he did in his first term in the president's first term.
00:11:25.680 hourly workers did better than supervisory workers. And now what we're seeing now
00:11:31.120 is the bottom quartile of wage earners have had year over year, 5.5% wage gains. And that's three
00:11:42.060 times more than the top quartile. So look, this inflation and this affordability crisis that the
00:11:52.340 biden era got us you know this big uh increase in our step function increase in price levels
00:11:59.380 there are two ways to combat that there's you can they slow the inflation which i do believe
00:12:04.800 the core inflation is slowing but for working americans real wage gains and you know we we can
00:12:10.700 see that the bottom uh 25 percent of workers had a two percent wage gain and with everything that
00:12:20.820 we're seeing in the media is difficult to discern. But we think that the American people will be
00:12:26.540 feeling that over time. And they're also feeling the benefits of the working families tax cuts.
00:12:32.780 I'm also oversee the IRS and 44 percent of American households had one of the president's
00:12:40.780 signature policies. No tax and tips, no tax on overtime, reduced taxes for seniors on Social
00:12:46.000 security and deductibility of auto loans. So we are starting to see I got sick of hearing about
00:12:53.280 this K-shaped economy. I can say here definitively the K-shaped economy is over and we're seeing more
00:13:00.880 of a C economy where the lower end of wage earners are finally calling it back just like they did in
00:13:07.000 President Trump's first term. The U.S. would not have joined if we were not very, very optimistic
00:13:14.380 about the policies that the Takeuchi government's going to implement.
00:13:19.860 And I think they well understand what needs to be done here.
00:13:23.620 And they're getting out of this vicious cycle because do they have an inflation problem?
00:13:29.460 Yes.
00:13:29.860 Is part of the inflation problem due to the weak yen because of the pass-through?
00:13:35.340 Yes.
00:13:35.680 So one of the ways to give self-help, as they've been doing, is to stop this excess volatility
00:13:43.220 in the end. And we're in constant communication with them. And we will do whatever it takes to
00:13:50.440 support them in a way that helps the American economy, the American taxpayer, and stabilizes
00:13:56.860 the global economy. Tuesday, 4 August, Year of Our Lord, 2026. That's our colleague,
00:14:05.840 former contributor, Scott Besson, what we call a safe pair of hands. Remember that?
00:14:10.800 90 in a wake-up to the midterm elections.
00:14:14.600 Scott Besson makes the strongest case possible for the Trump economy.
00:14:21.980 Scott's going to join us if everything holds true.
00:14:24.560 Scott's going to join us after the market closes today at 5 p.m.
00:14:28.100 We're going to drill down a little more on all of this.
00:14:31.500 We've got bowling and Jim Rickards.
00:14:33.460 In the next hour, we're going to pivot to some other pressing issues.
00:14:38.720 when we return shortly in the war room.
00:14:59.180 You don't wait until your house is on fire to install a smoke detector
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00:15:11.200 And you don't reach for your seatbelt after the impact
00:15:14.820 because after the crash, the hurricane, or the house fire, it's too late.
00:15:19.640 Similarly, you don't wait until the dollar goes to zero before you buy gold.
00:15:23.900 It's too late then.
00:15:25.700 Diversify with precious metals and diversify now
00:15:28.920 because you never know what will threaten your savings next.
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00:16:13.060 Here's your host, Stephen K.
00:16:15.340 Bannon.
00:16:18.460 The markets took off while Scott was talking.
00:16:24.940 i mean scott's out of central casting when you think of the various uh people treasury secretaries
00:16:31.540 and disasters we've had not only does he know what he's doing in in on the capital markets but um
00:16:37.740 obviously a uh very well thought through plan for the economy knocked off its um its path
00:16:46.560 because of this little excursion quote-unquote into the iranian war
00:16:51.400 um the with 90 days to go the case has to be made and i think you got to start making it with the
00:17:01.360 war on posse so they believe it i think we've got a lot of skeptics as we should of what actually
00:17:07.300 these numbers are this is what i'm gonna talk to scott about tonight where are you actually seeing
00:17:11.320 this i mean we had a plan on february 27th you can start to see the green shoots of that
00:17:16.720 particularly going back to what president trump did in the first term we continue to talk about
00:17:22.780 in that fall of 2019 when everything came together and he did that in a headwind of uh at the time
00:17:31.720 uh secretary or the federal reserve chair um taking off uh no secretary treasury no federal
00:17:40.220 reserve chair taking off uh i think a trillion dollars shrinking the balance sheet of the fed
00:17:45.660 by a trillion dollars so a big headwind not having not being a goose by easy money you're
00:17:51.660 starting to see that here i think that case needs to be made and also you just can't talk people
00:17:56.580 into it you have to show them where it is so they can start to experience the lived experience
00:18:00.900 because this fight is going to come down to in control of power i think it's going to come down
00:18:08.280 to i don't know a dozen to maybe 15 16 house seats in various parts of the country there are
00:18:15.380 the razor's edge right now uh and going to take a a massive ground game and tremendous support
00:18:21.440 by the precinct strategy by the war and posse etc is the enthusiasm there is the urgency there
00:18:28.000 this will all play out in the next couple of weeks because most people get their minds made up
00:18:34.780 i believe my rudimentary knowledge of this by august labor day it's not a persuasion election
00:18:42.440 It's really, am I going to canvas?
00:18:44.700 Am I going to knock on doors?
00:18:45.760 Am I going to even vote?
00:18:46.860 Remember, it's a midterm election.
00:18:48.760 Numbers are always down, and President Trump's not on the ticket.
00:18:52.660 Tonight, you're going to see a, and Frank Gaffey's going to join me in a second, you're going to see really the beginning of the elected revolution in the Democratic Party, the radicalness of the Democratic Party,
00:19:07.020 as Mamdani's Marxist jihadist now spreads to the national level,
00:19:13.600 to the federal level, and actually to the American House of Lords,
00:19:16.640 which is the Senate.
00:19:17.580 This is going to center around Michigan and Missouri.
00:19:20.580 But there's so much else going on in this situation.
00:19:25.700 Eyes are being diverted.
00:19:28.420 This is why we need Mullins or Mullins' replacement,
00:19:33.220 which should happen quickly if we're going to do it,
00:19:35.120 to get back to focus on mass deportations and to get people motivated and focus on the fact that
00:19:41.500 we're going to get these uh we're gonna get the illegal aliens out of here and stop all this
00:19:45.740 nonsense with quote-unquote legal immigration i think there's um by mullins's own mouth there was
00:19:52.060 a million you know quote-unquote legal immigrants brought in last year and these phony programs
00:19:59.660 that offset everything we did on mass deportation.
00:20:03.040 It's a net increase.
00:20:04.740 That's not what we're looking for.
00:20:07.000 We're looking for dramatic decreases, very dramatic decreases.
00:20:11.800 This entire effort of Scott Besant with the Japanese
00:20:16.940 can be bowled down to one thing.
00:20:20.380 We need the Japanese to continue to finance the massive deficits
00:20:23.540 of the United States government.
00:20:25.920 The United States government is going to run a $2 trillion deficit this year.
00:20:29.660 Finally, on Bloomberg the other day, they had Wall Street starting to complain about it, I think, starting to reach out to the Secretary of Treasury about the unsustainability of these deficits in perpetuity, about the refinancing of the total debt and the financing of these deficits and what it's going to mean, particularly crowding out of capital for other sources.
00:20:53.580 Right now, we have the Japanese, I think, own over a trillion dollars. We can't have them dump those treasuries.
00:20:59.660 And guess what?
00:21:01.000 We need them to finance more.
00:21:03.220 We need them to buy more.
00:21:05.720 Because the $2 trillion deficits come from where they come from,
00:21:09.960 the guns and butter strategy.
00:21:11.580 We have, I believe, and I say this as a veteran,
00:21:14.680 that I consider myself a hawk, out of control defense spending.
00:21:18.380 The defense NDA does not coordinate with the new strategy of hemispheric defense.
00:21:29.660 Hemispheric defense from the Arctic to the tip of South America, North America included, including Greenland, to be able to attract the Russian submarines coming through the Greenland-Island gap all the way to the Arctic to make sure that doesn't turn into the great game of the 21st century with the Chinese Communist Party and the Russians.
00:21:47.640 all the way through central america turn the caribbean and the gulf of america back into
00:21:53.280 american an american maritime body instead of being with the russian navy and the chinese
00:22:02.900 communist party take back to suez can take back the panama canal and uh and have exert more
00:22:09.600 influence in latin america with uh with friendly governments then use the central pacific as your
00:22:16.100 strategic pivot in the three island chain we have a defense budget talking about now 1.5
00:22:22.520 trillion dollars we can't afford it and that does not include a really a much needed naval buildup
00:22:27.960 rogers is reporting this morning we're out of precision guided munitions why is that because
00:22:35.160 of the ukraine war because of the earlier uh gaza and protecting israel in the 12-day war and now
00:22:42.220 the israeli uh generated regime change war in iran full stop now scott says today we should
00:22:48.080 have a breakthrough in the strait of hormuz and he the big news is it should entail no fees or
00:22:55.300 no tolling services uh call secretary besant let me say i'm from missouri on that one i gotta see
00:23:04.540 what oman and uh and the pirates over in persia have to say about that the other in addition we
00:23:11.480 have these massive social programs we really haven't cut at all we haven't cut them because
00:23:15.180 we keep kicking the can down the road with the crs what is uh the the senate the republican
00:23:21.900 senate that was out yesterday quoted in the hill magazine saying hey trump's a trump's a problem
00:23:26.620 trump's a problem to the republican party yeah they're all quoted anonymously but they do make
00:23:32.840 the point that they're not going to lift a finger for the save america it's not going to happen
00:23:36.800 they could not be uh more in your face about it's not going to happen and now thune comes out this
00:23:43.240 morning his priority is to get a spending bill passed or some cr passed there's no his biggest
00:23:49.100 thing he's worried about is a government shutdown why are we worried about a government shutdown oh
00:23:52.980 my gosh a government shutdown at the end of september in a run-up they're all back home
00:23:57.840 and they have to take all those questions from the liberal media about a government shutdown
00:24:02.620 Every time we have a government shutdown, we pick up seats.
00:24:05.180 Why?
00:24:06.520 Because the only way you're going to get cost out of this is to shut it down
00:24:09.620 and then take all the non-essential personnel and send them home,
00:24:13.260 say goodbye, no need to come back.
00:24:18.020 The reason we're intervening in Japan is not that they're our buddies,
00:24:21.540 not that they're friendly, not that the Japanese government is friendly to us,
00:24:24.720 not that we need them as a major strategic partner in the East China Sea
00:24:28.980 and in East Asia in the first island chain
00:24:31.760 against the Chinese Communist Party,
00:24:33.260 all of which happens to be true.
00:24:35.440 The central reason is that we're still running massive deficits.
00:24:39.060 Why are we running massive deficits?
00:24:40.480 Because no one's had the courage.
00:24:42.840 We're still working off of Biden and Pelosi's numbers.
00:24:45.280 That's what these continual CRs.
00:24:46.900 They don't even make an attempt anymore
00:24:48.460 to pass appropriations bills.
00:24:50.820 Don't even make an attempt to pass appropriations.
00:24:52.920 I think the appropriations bill that was passed
00:24:55.320 was the construction and VA.
00:24:58.980 Of course, you've got to pass the NDAA. You've got to pass that because that keeps the defense contractors going. The question is, is the NDAA and defense spending the 1.15 or the 1.5 when you add in all the other side pocket deals they got? Does any of that have anything to do with hemispheric defense?
00:25:17.440 The only way we're going to get out of the sideshow of the Middle East and the sideshow to the sideshow, which is greater Israel, is to basically focus on hemispheric defense and have a defense budget that layers on top of that.
00:25:33.340 And to start to focus on the three island chain, particularly Taiwan, the defense of Taiwan and the South China Sea.
00:25:41.080 The CCP, and this is where Captain Fennell on last night, that's why they're increasing all this naval activity.
00:25:46.960 against the philippines the south china sea attack they're probing probing probing probing
00:25:51.600 why they see that we're tied down in iran they can read the reuters story that's out this morning
00:25:56.800 there's big questions about the precision guided uh inventory weapons inventory for the united
00:26:03.760 states military they can see that we got two battle groups tied up in the north arabian sea
00:26:09.240 they can see that the red sea is uh is now the houthis are involved you could require another
00:26:14.440 carrier battle group because the europeans who spend all their money remember they got health
00:26:19.080 care they got free colleges they're taking 30 days off in august are you taking 30 days off
00:26:23.940 in august if you get a week you consider yourself a lucky they're taking all august off they got
00:26:30.620 total health care why they don't pay for their defense you pay for the defense and your sons
00:26:36.280 and daughters are on those um on those destroyers that are in the eastern med defending nato and
00:26:43.200 defending israel you're also in the red sea you get two carrier battle groups in the north arabian
00:26:48.960 city and you've got a 1.5 trillion dollar defense budget and a two trillion dollar deficit that
00:26:54.760 you're funding you're funding because of continue these rolling devaluations the the drop in the
00:27:00.300 purchasing power of the dollar consistently is europe helping out are the are the saudis
00:27:06.540 writing a check is uae writing a check a qatar writing a check qatar the railhead of the financing
00:27:12.240 of the Muslim Brotherhood in this nation?
00:27:14.280 Are they writing a check?
00:27:16.120 No, no.
00:27:17.260 Uncle Sugar.
00:27:19.080 This is what has to change.
00:27:21.620 You're going to see some change tonight
00:27:23.100 because in Michigan,
00:27:25.180 a Marxist jihadist is about to win.
00:27:27.380 I think he's going to blow out
00:27:28.580 the other progressive,
00:27:30.860 hapless progressive,
00:27:32.920 to set up a showdown with Mike Rogers
00:27:35.000 in Michigan.
00:27:37.400 30 days before the 25th,
00:27:39.880 There were 40 days before the 25th anniversary of 9-11.
00:27:44.660 Think where this nation is.
00:27:47.600 Unbelievable.
00:27:48.580 It only gets worse.
00:27:50.280 The first thing you have to do is stop this massive federal spending.
00:27:53.540 Somebody's got to have the stones to sit there and go, we cannot continue on in this.
00:27:59.200 Otherwise, you're going to be doing interventions in a lot more than the Japanese yen
00:28:03.180 to prop up people that can actually buy this debt.
00:28:08.180 Short break.
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00:29:36.480 Do it and do it today
00:29:37.940 The only way we're going to win
00:29:44.240 And hold the house
00:29:45.220 And potentially if they elect
00:29:48.240 The shihadists tonight
00:29:49.500 The Democrats
00:29:50.180 Hopefully I think the first glimmer of hope
00:29:53.000 To hold the Senate
00:29:53.720 It has to be a massive pivot
00:29:57.980 To America first and American citizens first
00:30:01.380 We have to put the interest of the citizens of this country in this nation first.
00:30:05.320 It's not totally happening.
00:30:07.000 It's happening in some elements, but not in all.
00:30:09.940 And we need all hands on deck and everybody focus on this because clearly the opposition, the Marxist-Jihadist opposition, you're seeing the traditional Democratic Party collapse around you.
00:30:20.820 But the power that's taking that down is a power that's growing every day.
00:30:26.260 frank gaffney massachusetts texas michigan missouri walk me through things are going on
00:30:36.680 signal not noise that shows the rising power of this marxist jihadist movement in this country
00:30:44.120 and one of the reasons it's working is that capitalism is not working for people
00:30:47.700 not the not the state capitalism and the high late stage finance capitalism we have
00:30:52.980 with the oligarchs in Silicon Valley and the lords of easy money on Wall Street and the tech bros.
00:30:59.100 Frank Gaffney, what's going on these different, connect all those dots, sir.
00:31:05.200 I will, and thank you for having me.
00:31:07.620 Start with a little level setting.
00:31:11.160 Next month is the 25th anniversary of 9-11.
00:31:15.760 and to discuss what is happening at the moment you have to understand how far we've come
00:31:23.480 in that period there were about half a million muslims in the country at the time
00:31:29.580 we're told there are now five million i suspect it's considerably more because the numbers that
00:31:35.680 came over the border whereabouts and numbers we don't know there were reportedly about 1200 mosques
00:31:43.160 in the country. The Muslim Brotherhood claims that there are 4,000 of them and or a building
00:31:49.460 every day, which brings us to the first three items in what I call Jihad trifecta in the next
00:31:57.580 48 hours. In a great American city known as McKinney, Texas, the city council tonight,
00:32:07.700 all other things being equal may well decide to put another mega mosque there that's maybe 330
00:32:17.400 plus of them already about 67 of them just in the dallas fort worth megaplex so what mckinney
00:32:26.300 needs is another one right it's run by a jihadi hang on frank frank these are just places
00:32:32.820 these are just hang on hang on these are just places of worship for as the bush apparatus told
00:32:41.540 us two days after 9-11 the president of these united states from the great state of texas and
00:32:47.940 apparatus has run texas for god knows how long told us and still has huge influence in texas
00:32:54.020 told us it's a religion of peace why are you bitching and moaning if we got another outpost
00:32:59.900 of religion and peace in the frontier state of texas sir
00:33:03.200 we have today launched a new campaign a phase two actually of a campaign that you helped start
00:33:16.420 in texas proposition 10 of course was the focus of it it had five words to it texas should prohibit
00:33:24.800 Sharia law. And what phase two is about is trying to help that happen in the great state of Texas.
00:33:31.900 And what we're doing, I think, is with mosques as a first video, it involves the use of AI,
00:33:40.360 and I'm worried about Frank and AI as much as you are, Steve. But on the other hand,
00:33:46.880 it is cool to help educate people about this problem. And what we're pointing out is these
00:33:52.300 We have a policy on Warren, Frank, not to play boomer AI slop, but continue on with your argument.
00:34:04.820 I understood. I understood. I hope that a lot of other people will see it. But let me just say,
00:34:12.480 what you're absolutely right about, Steve, is from Muhammad's time forward, and Muhammad,
00:34:18.720 after all is the perfect man this is kind of the leitmotif of this campaign is to point out
00:34:22.800 that not only was everything he did basically demonic and actually illegal in this country but
00:34:28.540 every muslim who's faithful is supposed to emulate him so you look at the mosques going back to his
00:34:34.960 time it was used yes as a place where they did some worship but mostly as a means but frank but
00:34:42.080 But Frank, hang on, the business community, the real estate, I got that, and guess what?
00:34:49.500 Nobody cares.
00:34:50.640 They just don't.
00:34:51.500 Because the business community in McKinney, Texas, who's pushing the planning commissioner or the commissioner to vote seven and nothing tonight?
00:34:58.420 it's the it's the it's conservative and republican businessmen who want to triple their value in the
00:35:05.380 in the real estate market by having these 400 or 300 uh you know places of uh peace right
00:35:13.760 is jihadist places of peace spread up all over texas they're making money hand over face peter
00:35:19.660 macklevin it tells us i don't know the the the uh the halil food business is like 250 million
00:35:26.920 dollars just in the dallas fort worth area the business community lennon said the capitalists
00:35:31.860 will sell us sell them uh the marxists and lennonists the rope and which will hang them
00:35:37.120 the business community in texas is making money hand over fist this is why we had the huge fight
00:35:42.100 over the textbooks and mckinney texas you better get seven to nothing night people know what the
00:35:46.760 issues are they know these jihadists are bad they know their plot and they look around their towns
00:35:51.660 and it continues to march forward why does it march forward because people in the business
00:35:57.040 community in the real estate community in texas are making a lot of money and they're making a
00:36:02.080 lot more money than they can make with maga and working class americans and that's why they're
00:36:06.660 telling working class americans screw you i'm gonna make as much money as i can now and if i
00:36:11.240 have to if i have to make that money selling it to a clear and present danger to this to the state
00:36:17.900 of Texas, McKinney, Texas, in the United States of America, so be it. I'm just going to take mine
00:36:23.040 and go, sir. You're so right. That's operating. And it's at odds with what the people of Texas
00:36:32.760 want. You know, as I said, 1.9 million Texans, thanks in no small measure to the help the war
00:36:38.220 room gave, voted to prohibit Sharia law in the state of Texas. So these outliers, it's like the
00:36:44.220 people who are financing the Chinese Communist Party and building their military to attack us
00:36:48.060 as well. These are people who don't care about America, but they're outliers and we need to
00:36:54.340 treat them as such. And this campaign is designed at Bancharia.com to try to make sure that the
00:37:00.280 American people, not just in Texas, but across this country, understand the danger that we are
00:37:06.540 facing by succumbing to this subversion. And yes, some people will make money and the rest of us
00:37:13.200 will die or be forced to submit in other ways. Which brings me to Michigan, which is where,
00:37:19.520 of course, we are now watching a jihadist Marxist as the likely Democratic nominee for the United
00:37:26.380 States Senate. This is a guy who is making no bones about his adherence to Sharia. I don't
00:37:33.600 understand, Steve, how a guy who adheres to Sharia and thinks that it's going to be the wave of the
00:37:41.880 future, that we're going to replace our Constitution with Sharia, can faithfully, honestly, and truthfully
00:37:51.320 take an oath of office to support and defend the Constitution of the United States. This is another
00:37:56.460 theme of our campaign. Those kinds of people should not be candidates, let alone in office,
00:38:03.400 if you can't honor and faithfully execute that oath. Then there's this other problem in Massachusetts.
00:38:10.580 Tomorrow, the Ways and Means Committee of the Senate there is going to be giving, I think, the third committee's consideration to a bill that is essentially a Sharia submissive bill, S2134, I believe it is.
00:38:29.800 and it will give preferential treatment to Muslims for hiring to state employee positions,
00:38:39.260 among other concessions, including coming up with new pieces of legislation to ban Islamophobia,
00:38:47.560 which of course is how the jihadis and their friends will characterize this conversation about
00:38:54.180 what sharia entails it's not an irrational fear of islam it is a recognition that by design and
00:39:03.920 sharia is meant to terrify us and to force us into submission so these three dots are just
00:39:11.980 examples steve of what is metastasizing across our country right now but it's metastas it's
00:39:17.780 fantastic exciting all all of those are connected back to a radical democratic party that tonight
00:39:24.100 this guy could blow out a progressive right a lot of progressive and she spent 60 or 70 million
00:39:31.440 dollars a lot of it fun not a lot but a significant part funded by apac and this guy's going to win
00:39:38.700 tonight he could win big so i agree with you on you know how do you see people that can't take an
00:39:44.500 oath to the constitution but the reality is whether it's in massachusetts whether it's in
00:39:49.420 michigan whether it's in missouri because that's going to happen tonight whether it's in uh texas
00:39:54.640 the reason that the um the weirdo that's the democratic candidate is even competitive is
00:40:01.700 because of the the jihadist uprising in the state of texas you have a party here in this country
00:40:08.040 which a third of 40 percent of of of the public supports supports this and the collaborationist
00:40:18.360 in the business community this would not exist unless you had the chamber of commerce types
00:40:24.400 in the republican party who are not america first and certainly don't put american citizens first
00:40:31.120 they put the almighty dollar first and how much money they can make immediately and they can't
00:40:36.500 make it off working-class MAGA, but they can make it off people that are financed by Qatar
00:40:42.320 because Qatar will throw money around to get influence in the United States. One of the
00:40:48.040 reasons they'll throw money around, they ain't paying for their defense. You're paying for the
00:40:51.140 defense. I want you to understand the bizarro logic of this. We're defending one of the worst
00:40:58.620 governments on earth in the Saudis. We're defending and paying for it. We're paying for
00:41:05.800 the driving force of the financing of the Muslim Brotherhood and terrorists in this country,
00:41:12.380 Qatar. And we're paying for it. And then we got Turkey, you got Pakistan, you got UAE,
00:41:18.840 who may be the best of the lot, but they're a long way from being perfect. We're paying for all
00:41:24.180 of it and you've got them here so what are we going to do about it frank you got the democratic
00:41:29.620 party is embracing this tonight in michigan and if you don't win michigan you can't win the
00:41:34.540 presidency i think the math still works out like that so tonight they're going to blow out somebody
00:41:41.060 that spent i think 60 million dollars versus like seven or eight million dollars and a huge amount
00:41:46.220 of that from apec and this is going to be an fu from the from the democratic party to all of that
00:41:52.840 And Mike Rogers is going to have is going to have a tough race. It's going to be a tough race. I think Rogers can win, but it's going to be a tough race. Frank Gaffney.
00:42:02.500 well i'd say there's two things we have to do steve one is obviously we need to educate the
00:42:09.100 american people i think the reason that that vote was so lopsided 95 to 5 on proposition 10
00:42:14.060 was that friends of ours like um oh john guandolo and john bennett and matt shea
00:42:19.920 have been training people in texas for years about this threat of sharia and by the way if i can uh
00:42:28.660 you can't see it, but let me just hold it up nonetheless. Sharia, the threat to America,
00:42:33.660 is a very important sort of primer on what we're up against. But beyond educating people,
00:42:40.300 and not just in Texas, but across this country, with videos, sloppy or otherwise, videos that
00:42:47.560 will compellingly tell them what we're up against, we need to make this a voting issue, Steve.
00:42:53.440 And I will tell you, God has intervened, I really believe, by, in the, as you point
00:43:01.740 out sometimes, imperfect instrument of Donald Trump, created an opportunity for us on the
00:43:10.860 9th and 10th of September to have every Republican leader in the country of note in the American
00:43:20.900 airlines arena in dallas texas i call that the capital of the free world at the moment by the
00:43:26.320 way even if it's under siege like vienna frank we're going to this midterm convention is an
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00:45:20.800 War Room.
00:45:21.800 Here's your host, Stephen K. Bannon.
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00:45:52.560 In times of financial turbulence, Jim Rickerts and Boling are enjoying us from Todd Benzman in the next hour.
00:45:59.240 i think the iranians might have given uh scott besant a a response i think they just fired on
00:46:06.760 a vessel who moves that dude the iranians unbelievable frank uh the president
00:46:16.000 you know has let's say this taken his administration second term that was on a
00:46:23.940 role economically on this war and there seems to be no way out and right as of right now at least
00:46:30.260 the polling says we're gonna pay a big a big uh price at the polls the american people are not
00:46:36.540 for these foreign wars they don't support it they don't support the greater israel project
00:46:41.640 um now we have a now we have a problem of getting focused on the clear and present danger
00:46:48.060 of what's inside the wire the the the threat to this country is not from tehran full stop
00:46:55.620 the threat to this country is mandani in new york now you're gonna have an issue in michigan
00:47:00.800 you've got this situation in the legislature in massachusetts tonight in mckinney texas after all
00:47:06.920 this work you could have a planning commission saying hey it's just a zoning issue it's just a
00:47:11.840 zoning issue because all those planning commission people are bought and paid for by the real estate
00:47:17.200 interest in these towns who are making bank on uh on a muslim invasion of the united states
00:47:23.660 so the action's got i i you know these politicians standing up at a fundraising event because it's not
00:47:29.700 a convention it's a fundraising event everybody's paid this is why the grassroots are not going
00:47:33.360 the cheapest ticket i think is five thousand bucks and they don't have the money to go
00:47:37.600 so standing up saying we really want to ban a sharia you just had the ban of sharia pass with
00:47:43.400 two million votes in mckinney texas right not a last time i looked not a democratic stronghold
00:47:50.540 uh is going to vote tonight so therefore what is the course of action besides number one
00:47:56.420 stopping these forever wars what's the second course of action
00:47:59.720 well since you brought it up um i started this riff by talking about 9-11 9-11 was of course
00:48:13.200 brought to us by people in the Middle East, Muslim Brotherhood faction called Al-Qaeda.
00:48:19.200 The Muslim Brotherhood has been working over there and over here for decades now to subvert us from
00:48:25.360 within, just as you say. They call it civilization jihad, by the way. But you mentioned Qatar,
00:48:30.560 you mentioned Saudi Arabia, you mentioned Turkey, you mentioned Pakistan. These are three or four
00:48:35.920 nations that are not friends, not allies, certainly not trustworthy, non-NATO allies,
00:48:42.900 they're enemies of our country, as is Iran. They are all, one thing they have in common,
00:48:48.960 they got the differences, but they all have in common a deep, profound, determined conviction
00:48:56.660 to bring Sharia to power. Okay, then why are we, okay, I got that. I understand, I understand that
00:49:03.660 the american people understand that why why are we then in a war that's defending the saudi last
00:49:08.640 last time last time i looked last time i checked weren't all the guys on the planes uh from saudi
00:49:15.860 arabia wasn't this all a fallout from the siege of the great moss in 1979 wasn't cutter underwrites
00:49:22.120 this cutter underwrites everything in new york city of mandami behind the scenes
00:49:25.460 turkey and pakistan is an ally of the chinese communist party so therefore sir why are we in
00:49:32.220 a war right now. We're running out of missiles. Reuters reports today we have no more precision
00:49:37.440 guided missiles. We use them all, send them to Ukraine and defending Israel in the 12-day war.
00:49:43.240 What happened in Gaza? And now this. So why are we, if the problem's here, and all those people
00:49:49.440 are funding a problem here, why are we halfway around the world defending them in a inter-squad
00:49:57.080 scrimmage between the Shiites and the Sunnis? Why are we in the middle of defending them and
00:50:02.020 spending trillions of dollars we don't have. We spent $7 trillion in Iraq, $2 trillion in
00:50:09.540 Afghanistan. We've been doing this for 20 years. We haven't won one yet. And now we have, on the
00:50:14.800 25th anniversary, we have a jihadist, the mayor of New York. We've got legislation all over the
00:50:20.340 country supporting jihadists. We've got the jihadists in this country writing huge checks.
00:50:25.400 We won't deport anybody. We're too afraid to call it what it is, an Islamic invasion. And yet,
00:50:32.020 We're still with the arms industry halfway around the world while we're stripping any potential defense we have from what Frank Gaffney and Captain Fennell continue to tell me is the main thing.
00:50:42.360 The Chinese Communist Party trying to take over the first island chain and all the advanced chip design in the world.
00:50:49.160 This is insanity.
00:50:50.980 This is how a great power collapses.
00:50:54.060 It collapses internally.
00:50:56.040 And this is what you're seeing right now.
00:50:58.260 If we want to stop it, we've got to stop it.
00:51:01.060 and the way you stop it is you reverse it and the way he reverses is you call out not just the
00:51:06.280 democrats you got to call out every bush businessman in texas by name and put them up on a on a
00:51:11.980 billboard and say this guy right here is underwriting there is taking money from the jihadists
00:51:17.680 to build these centers for peace of the 300 centers for peace throughout texas is anything
00:51:24.460 i said they're incorrect sir well a few things but let me put it a little differently steve
00:51:32.140 the way i see it no no no no no no no no no no stop stop no hang on tell me what's incorrect
00:51:37.560 tell me what's incorrect i'm open for guidance since 9-11 and i was literally witness to this
00:51:45.740 on 9-11 it's a long story we don't have time for it today but i will tell it sometime if you'd care
00:51:50.740 Listen, you've heard it before. We got it wrong because George W. Bush was surrounded by Muslim
00:51:57.760 brothers on 9-11 and told a bunch of lies about them and their parole. Ever since then, we have
00:52:05.520 been absolutely screwed up, whether it was in Afghanistan, whether it was in Iraq, whether it's
00:52:09.920 vis-a-vis the Muslim Brotherhood, whether it's with all those countries, Steve, that you've
00:52:14.000 mentioned. We should not be defending them. We should not be taking counsel from them. We should
00:52:18.640 not be relying on them to negotiate on our behalf with the Iranians or anybody else.
00:52:22.960 And we need to fight this war here in the United States because it is here now.
00:52:27.660 And we have got to get clear that the brotherhood and our friends are our mortal enemies.
00:52:31.840 Thank you, sir.
00:52:33.740 Frank, perfect.
00:52:34.960 Where do people go to get your AI slop two-minute video?
00:52:40.460 We're going to be rolling out some great slop, folks.
00:52:43.440 It's not halal.
00:52:44.460 It's not halal at bansharia.com.
00:52:47.620 Check it out.
00:52:48.640 Thank you, Frank.
00:52:49.940 I appreciate you.
00:52:51.540 You too, man.
00:52:52.200 These guys, they love the AI.
00:52:55.960 Unbelievable.
00:52:57.820 We're going to have a big hitter about artificial intelligence tonight at 6 o'clock.
00:53:01.360 Scott Best in Secretary of Treasury, currently scheduled for five.
00:53:04.700 Natalie Winters at 530.
00:53:06.400 We're going to go all AI at 6.
00:53:08.660 Stick around.
00:53:10.040 Next hour, Benzman's going to join us.
00:53:14.160 The Mass Deportation Program.
00:53:15.560 Also, Bowling and Jim Rickards.
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