Bannon's War Room - Episode 5603： Breakdown On US Economy; Taxpayer Research Sold Out To China

00:00:00.000 makes its position very clear. The idea that the DOJ should operate independently from the president

00:00:05.580 is nothing more than a, quote, myth. They wrote that. Trump's DOJ is defending its prosecution 0.95

00:00:11.560 of former FBI director James Comey in its so-called Seashells case, first denying its

00:00:16.880 vindictive prosecution, but then second, arguing that even if Comey was charged at the direction

00:00:23.120 of Donald Trump, that would be perfectly fine. Quote, the chief executive directing his subordinates

00:00:29.300 to exercise core executive functions is a feature, not a bug, of our constitutional system.

00:00:34.900 The purported independence of the DOJ that Comey cites is antithetical to the constitutional

00:00:40.000 separation of powers.

00:00:41.900 So you'll remember when Donald Trump took office for his second term, he did mass firings

00:00:46.820 of inspectors general.

00:00:48.520 These are the independent watchdogs that are supposed to scrutinize different agencies

00:00:55.040 within the federal government.

00:00:56.240 They're supposed to be looking for fraud, waste and abuse.

00:01:00.300 They're supposed to be scrutinizing the department head and making sure dollars are spent wisely.

00:01:05.700 And there's not no big contracts going out to allies and cronies.

00:01:10.600 And a lot of them were wiped out.

00:01:12.980 And in their their agencies, their offices were either left vacant or put temporary people in charge.

00:01:20.180 Now what's happened is Donald Trump has started to appoint replacements at some of these agencies.

00:01:26.240 But unlike past inspector generals who usually came from auditing backgrounds or law enforcement backgrounds or other apolitical roles, these people have overtly political backgrounds.

00:01:39.220 So you have a former Republican congressman, for instance, or a lawyer who worked exclusively on Republican advocacy cases.

00:01:46.680 Or in the latest example, you have one of the co-authors of the conservative Project 2025 document going in.

00:01:56.240 as an inspector general. And so what you see out of this is sometimes instead of looking

00:02:04.380 inside the agency and scrutinizing the agency head, they're looking out at some of Donald

00:02:09.760 Trump's rivals, right? Gavin Newsom, for instance, in California, or Letitia James,

00:02:14.300 the Democratic attorney general in New York. And so we're seeing a very different approach

00:02:18.840 out of some inspector general's offices with these new appointees from Donald Trump.

00:02:25.020 It is not a myth, but it is perhaps to our detriment a norm, a post-Watergate norm.

00:02:33.560 And I wonder, Director Brennan, what we should hear when they say all of the quiet things out loud, and not just say them out loud, but put them in filings.

00:02:44.960 Are you thinking any differently about what we all know is going on in South Florida?

00:02:49.100 Yeah. And this whole thing is so surreal, especially their public comments about saying that there's no need for any type of independence from the White House.

00:02:59.120 I mean, it's turned everything on its head. It's turned a system of justice in this country on its head in terms of what we have done and how we have practiced the rule of law over the past many decades.

00:03:10.000 and to be able to say things like that.

00:03:12.660 I mean, it just demonstrates, I think, the depths to which they're willing to go

00:03:17.020 in order to pursue adversaries of the president of the United States.

00:03:21.120 And so, therefore, again, the Department of Justice,

00:03:23.200 they should be holding their head in shame,

00:03:25.160 those individuals who continue to carry out his guidance and his direction.

00:03:29.240 And, again, I have to emphasize that there are real professionals,

00:03:32.840 individuals of great principle and ethics,

00:03:34.700 who remain in the Department of Justice, and they have to hold the line.

00:03:37.680 They have to not capitulate to the wishes and direction of these individuals who, again, have so corrupted and perverted the rule of law that, again, it puts a lot of people in the crosshairs, not just me and Director Comey and others, but anybody out there who might in fact get on the wrong side of Donald Trump.

00:03:54.520 Hey, guys, good morning. Overnight, President Trump announced what he is calling economic D-Day against Iran.

00:04:00.620 The president indicated that any country around the world providing a lifeline to the Iranians could face economic consequences of their own.

00:04:09.280 He called on allies to stand with the United States, posting to TrueSocial,

00:04:12.880 no one has given the Islamic Republic of Iran a greater opportunity to make a deal than me.

00:04:17.240 Tragically for them, they have failed to take it. 0.86

00:04:19.480 therefore today i am announcing the most crushing economic operation ever taken against any country

00:04:25.080 this will be economic warfare and isolation on an unprecedented scale on wednesday the

00:04:30.360 president described the state of play amid reports that the united states is still overseeing vessels

00:04:35.560 through a safe corridor to export millions of barrels of oil out of the persian gulf each day

00:04:41.800 well we have things that we could sanction we have very draconian sanctions and we'll see what

00:04:48.280 happens right now the strait is open we a lot of boats are coming through people aren't reporting

00:04:53.880 that and that may slow down a little bit at some point but right now a lot of boats are coming

00:04:58.520 through the naval blockade has been extremely effective the iranians have responded to the

00:05:05.400 president's comments overnight with iran's foreign minister saying the so-called economic d-day is a

00:05:09.880 diversion from america's own crisis unprecedented debt and surging interest costs doubling down on

00:05:15.240 failed policies will only bring further defeat and enmity of Iranians. U.S. economic terrorism 0.75

00:05:20.360 threatens global economy and sovereignty worldwide. Regional intelligence sources tell Fox News there

00:05:25.660 are growing indications of economic hardship inside of Iran as a result of the U.S. naval

00:05:30.520 blockade and economic isolation. Reports indicate that inflation in Iran has reached 89 percent

00:05:36.320 with food prices up 164 percent. The conflict is clearly shifting to economic warfare. The question

00:05:43.000 here whether or not this pressure will ultimately result in a deal or a return to combat operations.

00:05:48.600 U.S. national debt just surpassed $40 trillion for the first time ever. That milestone was

00:05:57.760 reached yesterday, only five months after it hit a record $39 trillion in debt in March.

00:06:06.800 Our country is going to borrow more than two trillion dollars this year just to pay for interest on the debt, including the war in Iran and tax cuts enacted last year.

00:06:20.700 Two trillion dollars for that. And so Donald Trump, who promised while he's sitting around there talking about construction promise projects, he promised he was going to pay off the debt.

00:06:33.880 And yet he's responsible for a massive portion of the national debt.

00:06:39.840 Reuters reports it rose seven to eight trillion dollars during his first term, with more than half of it accumulating during the pandemic response over his last nine months in office.

00:06:49.620 So far, the debt's increased by three point eight trillion dollars for a total of eleven point six trillion dollars.

00:06:57.080 Only six years in office.

00:07:00.900 So think about that.

00:07:02.800 We've got a 40 trillion dollar debt. Willie, he's responsible for many accounts for anywhere from 25 to 30 percent of America's national debt.

00:07:17.660 So what that means is of the 45, 46, well, 45 presidents, even though he's 47, of the 45 presidents that this country has had, 45, Donald Trump is responsible for almost a third of this country's national debt.

00:07:36.800 him, the one, the one. And it took us over 210 years for all of those presidents from George

00:07:45.320 Washington all the way through Bill Clinton to together collectively pile on as much debt

00:07:56.040 as Donald Trump has done by himself. It's credible. Explain what's going on here. I will tell you the

00:08:03.260 cover the Wall Street Journal the last three days has been covered with stories about bond yields.

00:08:08.560 And there's a reason. Yeah, there's a big reason, because even if you're not invested in bonds,

00:08:12.740 it really makes a difference to you. And the reason why is that, well, the government pays

00:08:18.420 for a lot of the things we want, Social Security, Medicare, Medicaid among the largest. But now the

00:08:23.640 government says, well, we want to go to war. Well, that's a really expensive endeavors. And so these

00:08:30.560 interest rates because the government needs to borrow money from investors to pay for the things

00:08:35.860 that it wants to do well let's just say it was a four percent interest rate now with all the demand

00:08:40.980 investors are saying that's going to be around five percent and so the war itself is making your

00:08:46.840 gas prices go up we kind of all understand that but now the higher interest rates that's making

00:08:52.420 your mortgage rates go up too because these are pegged to those interest rates now the lenders

00:08:59.060 are saying okay so five percent uh well you know the government needs to pay that money back well

00:09:06.420 that's a hard thing to do when you have a 40 trillion dollar debt which we just found out

00:09:12.080 about right it just came out yesterday exactly now to finance that debt with the interest rates

00:09:17.940 where they are right now it costs 1.2 trillion dollars that is 19 percent of the entire federal

00:09:25.780 budget just paying for the bonds to borrow money to do the things it wants to do. And so now there's

00:09:32.060 two options. You can either raise taxes. No one wants to do that. In fact, we are cutting taxes

00:09:38.100 in this country right now. Or you can say, well, we're going to get rid of these social services

00:09:43.680 or some aspects of them. And that's why this all matters to you. Because if you like the stuff the

00:09:50.320 government is doing and you like your taxes to be low and you don't want your gas prices and your

00:09:55.040 mortgage rates to go higher well then you gotta care about the bond market right and the gas

00:09:59.220 prices are going higher and mortgage rates have been historically high and these bond rates are

00:10:03.760 very very high which is why scott best and the treasury secretary is doing things that really

00:10:07.780 people haven't done before that's right it's all connected and the national debt goes up by seven

00:10:13.560 billion dollars every day on thursday 20 august in the year of our lord 2026 so this audience

00:10:22.460 you don't have to be schooled on this you have uh you know this you follow this we've gone in

00:10:31.220 detail on all of this over the last what six years of the show that's why i'm so proud of

00:10:36.860 this audience blue collar working class middle class the vast vast majority of you never worked

00:10:45.000 on wall street the vast vast majority of you uh never you know worked in the pentagon

00:10:51.240 many of most of our audience a lot of our audience serve in the military or have relationships serve

00:10:58.360 the military but you weren't schooled in geopolitics you weren't schooled in geoeconomics

00:11:01.740 you didn't take finance yet your sophistication you hear this and you go yo we've been talking

00:11:10.260 about this for a long time 250 years ago today on the 20th of august of 1776 there were a couple

00:11:21.000 of hundred warships of the rural navy in the in the british empire in the great harbor of new york

00:11:27.540 there were approximately 32 000 combat troops essentially on staten island ready to move

00:11:35.920 they didn't know where they were removed but ready to move of those 32,000 8,000 were Hessians

00:11:40.920 today is when I think it was Nathaniel Green got was ill and General Sullivan took over as one of

00:11:49.480 the lead commanders for General Washington and a republic ending a republic ending the independence

00:11:59.240 of the United States was about to be crushed it was all going to be over within 90 days of the

00:12:05.100 signing the declaration of independence remember that big celebration we had on july 4th where the

00:12:11.140 british are here and they're ready to move and the entire this entire project the entire nation

00:12:19.720 all these independent states bound together with just a common thread of liberty and independence

00:12:26.740 and not want to be part of monopolistic corrupt aristocracy commons bought off all prepared to

00:12:36.380 fight to the death and trust me folks you're about to get a lot of death starting in about

00:12:41.900 five or six days a lot of death it was republic ending although we weren't officially republic

00:12:49.220 it was the beginning of it well we're in another republic ending time now and divine providence

00:12:55.960 has deemed in the 250th year of our independence declaration of independence

00:13:03.640 took us a while to fight through it but there were a lot of dark days and trust me 20 august

00:13:10.960 of 1776 was one of those dark days when the odds look long

00:13:16.280 what has happened to this country it took 200 years approximately maybe 210

00:13:22.760 to get to the first trillion dollars. And then we hit 9-11. It's been $39 trillion since then,

00:13:33.160 and we're at a clip of $2 trillion a month. That, ladies and gentlemen, as we have argued on this

00:13:38.360 show for a long time, is republic ending. Now, what has caused that? Well, where do we spend

00:13:46.340 $7 trillion? Oh, that's right, in Iraq. Where do we spend another $2 trillion? Oh, yeah, that's

00:13:52.360 right in afghanistan where are we spending unbelievable amount of money we don't have

00:13:58.060 and are borrowing from the chinese communist party oh that's right in persia the wars of the middle

00:14:03.680 east the uh president trump calls persia an excursion the wars in the middle east

00:14:10.480 have been a major part not the sole driver but a major part of this and we have to have a partner's

00:14:18.540 discussion. I got a forcing function. You want to talk about the $2 trillion deficits? I got a

00:14:24.260 forcing function. Want to hear a solution? Don't want to hear it at the White House. Don't want

00:14:28.540 to hear it in Capitol Hill. Midnight on 30 September. If you don't have a CR in the House

00:14:35.320 that matches the Senate, guess what happens? Oh, Steve, you can't say that. The government shuts

00:14:40.680 down five weeks before an election. When are we going to have the national conversation about all

00:14:46.860 this. Because the Guardian's lead story this morning is Democrats outraged at the spending.

00:14:54.100 Democrats outraged at the $40 trillion. Short commercial break.

00:14:59.280 You don't wait until your house is on fire to install a smoke detector. And you don't wait

00:15:04.420 until the wind and rain hammer your windows and the power goes out to prepare for a hurricane.

00:15:10.640 And you don't reach for your seatbelt after the impact because after the crash, the hurricane, or the house fire, it's too late.

00:15:19.760 Similarly, you don't wait until the dollar goes to zero before you buy gold.

00:15:24.260 It's too late then.

00:15:25.680 Diversify with precious metals and diversify now because you never know what will threaten your savings next.

00:15:33.160 Persistent inflation, a weakening dollar, unexpected financial disruptions.

00:15:36.640 disruptions. You don't know what's coming, but you can take preventative steps and you can take

00:15:41.740 them today. Do that right now by requesting a free information kit on gold from my friends

00:15:47.540 at Birch Gold Group. Just text my name, Bannon, B-A-N-N-O-N, to the number 989898. There is no

00:15:55.440 cost and no obligation, just straightforward information on how you can diversify your

00:15:59.760 savings even an IRA or 401k with gold I trust Birch Gold you should trust them too text Bannon

00:16:08.480 at 989898 take action and do it today here's your host Stephen K. Bannon

00:16:15.120 I know the audience's head's blowing up as it should you're being lectured

00:16:21.240 I want you to embrace this you've got it you must embrace this you're being lectured by

00:16:26.820 joe scarborough and the morning joe crowd and the in the guardian the guardian of all people

00:16:34.060 the paper for dsa for the for the marxist jihadist movement the the paper of record

00:16:40.460 for the marxist jihadist movement the guardian is democrats outraged at 40 trillion dollars in debt

00:16:46.420 have you listened to angie nixon right she wants medicare for all open borders their

00:16:53.340 spending's out of control this is why we can't get anything passed we got to get back to pre-covid

00:16:59.000 spending how do we do that i don't know let's have a forcing function oh no no don't do that

00:17:05.180 steve don't shut down the government don't get your audience all worked up please don't get your

00:17:09.160 audience worked up let's just get past september 30th and we're going to deal with it in december

00:17:13.520 take your number two pencil out and write that down 19 december that's the day we're going to

00:17:18.100 deal with it that's the day we're going to sort it all out that's what you promised that's what

00:17:23.200 we're going to do. You either have a national conversation or a vote and Besson and President

00:17:29.420 Trump, you're going to get blamed for it. You've seen the media. I've never seen a pivot like this

00:17:33.120 in my life. Oh my God, is there gambling in this establishment? Here's your winning, sir.

00:17:40.860 Yeah, it's Casablanca. $40 trillion in debt, MSNBC all day, $40 trillion in debt.

00:17:48.460 200 years to get to the first tree in 90 days gosh where have i ever heard that before 90 days

00:17:57.340 you'll be adding other trained outs oh yeah that's right the war room well it's here folks

00:18:02.240 and if you don't think it's serious scott besant who already had an intervention in japan

00:18:10.160 And, you know, in Besant We Trust, the great capital markets guy has deemed that we need a little intervention in the American capital markets.

00:18:23.280 There's a Wall Street Journal article, and I don't know if I got it to the team this morning, but I will get to it momentarily.

00:18:30.740 It talks about safe haven, right?

00:18:33.420 If you go to Drudge McDaddy, and I realize Drudge, you guys want to vomit most of the time, but Drudge has got his third headline, Treasury is no longer safe harbor.

00:18:44.440 So let's get that article, click to that, and let's get that article and push it out to every member of the war room posse.

00:18:49.780 What does it say?

00:18:51.040 Well, traditional times, in traditional times, the U.S. Treasury has always been a safe haven for investors, particularly foreign investors.

00:18:59.400 And that's why we get a little discount.

00:19:01.400 You get a little discount to selling the bonds, particularly 10s and 30s.

00:19:07.980 That's not happening now.

00:19:09.260 Why?

00:19:09.640 The full faith and credit of the United States, the full faith and credit of the United States is you.

00:19:15.500 It's not the SEC.

00:19:17.020 It's not the Treasury Department.

00:19:18.600 It's not the Federal Reserve.

00:19:19.740 It's not the President of the United States.

00:19:21.380 It's not Congress.

00:19:22.540 It's you.

00:19:23.600 You are the full faith and credit.

00:19:25.960 Why?

00:19:26.480 Because the same folks that defeated fascism in World War II in Imperial Japan, the backbone of that, the arsenal of democracy and all the kids from Kansas and New York City and San Antonio, Texas and Los Angeles, California and Florida called citizens of the United States of America.

00:19:50.820 Put your shoulder to the wheel with the arsenal of democracy, and we defeated, obviously, with our allies, the Russian people and the Chinese people, not their governments.

00:20:00.220 The people took massive casualties.

00:20:02.420 We defeated it.

00:20:03.780 And people realized that you are the manifestation of Burke's little platoons.

00:20:09.920 You're the decent, hardworking American that believes in your community, believes in your country.

00:20:17.600 you raise your kids upright to serve in the military and do their duty for some point in time

00:20:21.980 the whole world looks at you as decent folks and those decent folks will make sure that their

00:20:30.240 government pays off their bonds and that's why you're the full faith and credit of the united

00:20:34.940 states treasury market right i think the government bond market is 30 trillion dollars now

00:20:40.760 eric bowling scott besant you know scott well as he's been a contributor here and a good man

00:20:46.960 he's done some pretty extraordinary stuff the last couple of days walk us through it and you

00:20:52.100 were on the show a couple days ago and said hey this is like uh just given uh was it uh given a

00:20:58.500 drug addict was it narcon or methadone or whatever they do to kind of try to try to get them off the

00:21:03.480 drugs but it often doesn't work sir your worse your thoughts it was yesterday and i said you

00:21:09.480 know what besan did it was he he he uh rattled the bond market a little bit he said you know

00:21:15.260 where he may step in and actually buy bonds instead of selling bonds to raise money.

00:21:19.900 We may buy a few of these long-term bonds back.

00:21:23.040 And everyone scratched their head and said, wait a minute,

00:21:25.400 if they're going to be a buyer, why am I trying to sell into this?

00:21:28.220 And so he reversed the interest rate market briefly.

00:21:32.140 And yesterday I was on, I said, look, he's right in doing it, give him a heads up.

00:21:36.660 But all you're really doing is giving the addict another shot of juice,

00:21:39.960 not methadone, not Narcon.

00:21:41.580 You're giving more of the junk, more of the heroin, because free money is heroin to D.C.

00:21:47.680 And they borrowed money for free, basically essentially for free for 20 years.

00:21:51.860 Now they have to pay for it, and they're still borrowing it like it's free, and rates are screaming.

00:21:57.540 And you have that coupled with, you know, oil prices rising based on the economic D-Day.

00:22:02.940 We can get to that, Steve.

00:22:03.920 But all these things are really playing into a higher interest rate market.

00:22:08.060 And, you know, I'm very interested about your commentary.

00:22:12.680 It's very patriotic, very true.

00:22:15.120 But do you know how hard that conversation is to have with people who say,

00:22:20.200 yeah, but I want $4 gasoline, and yeah, I don't want my, you know, mortgage rates to go higher.

00:22:25.840 Right now we're pushing a 7% jumbo loan, which is unheard of in the last 20 years.

00:22:30.940 People don't want that, but they don't want to have that other, that come-to-Jesus moment of,

00:22:35.340 we either got to stop spending like this or we're we're in essence full speed towards the economic

00:22:41.300 wall hoping that something breaks the wall down before we hit it that's that's the reality

00:22:46.380 well hold it hold i've said for years all the easy okay so all the easy choices are behind us

00:22:53.580 you saw in president trump's even trying to cut the budget and russ votes heroic

00:22:57.480 we had rescissions after the house kicked the can down the road and won't deal with even uh

00:23:03.160 uh any type of uh of spending cuts russ vote went in with like 5 billion 10 billion these rescissions

00:23:10.180 that the uh but project 2025 in the article 3 project given president trump's powers in article

00:23:17.060 2 he can do they got one up to the senate and they threw up all over it oh you can't cut that

00:23:21.920 10 billion dollars that's like necessary programs we're talking 10 billion dollars there's 90

00:23:27.480 thousand dollars i think a minute that we're running up billions of dollars a day you don't

00:23:31.600 even talk about one day's spending so so here's a tough question there's no appetite because

00:23:36.640 there's no political pressure you want to go difficult here's the question you the way you

00:23:42.580 do it see first of all you're right there's seven trillion dollars in wars you throw in another

00:23:47.120 couple trillion with covid and then who knows how many trillion with the supporting the illegal

00:23:51.260 population that's floating through but if you want to have this discussion you have to attack

00:23:56.480 the two things that matter both to the two sides you can't just say republicans can't say well you

00:24:01.060 you've got to cut entitlement spending and they'll find a trillion there.

00:24:03.900 And the Democrats, well, yeah, you've got to cut defense spending

00:24:06.740 and find half a trillion, trillion there, too.

00:24:08.680 You have to have the decision to make it happen on both sides. 0.97

00:24:12.040 We don't have lawmakers that have the balls to do it, to have that discussion. 0.98

00:24:15.840 Everyone's afraid of their own freaking re-election 0.99

00:24:18.040 and their own constituents to make sure that their people

00:24:20.560 and their districts get what they want. 0.98

00:24:22.200 They don't give a crap about the American people 0.97

00:24:24.440 or the country that you so patriotically defined. 0.94

00:24:28.640 Through the history of how we become the republic that we are, we're risking.

00:24:33.080 Let me give you some rough numbers.

00:24:36.660 Iraq war cost roughly $7 trillion, Afghanistan $2, that gets me to $9.

00:24:41.380 COVID was about $8 to $10.

00:24:43.640 Let's take the higher, so that's $19 trillion right there, roughly $20 trillion right there.

00:24:49.000 The bailout, let's not forget the bailout that triggered all this.

00:24:53.640 Trump's not president unless you have the financial meltdown in 2008.

00:24:57.080 you always have a populist reaction to these debacles and president trump was the decisions

00:25:02.920 bush and then obama made in the oval office led to the rise of donald trump i think the bailouts

00:25:09.020 were five to ten trillion dollars let's take five i'm at 25 trillion then you've got the financing

00:25:14.620 of the illegal aliens uh you know trillions and trillions of dollars you can get the 30 right

00:25:20.200 there besides just regular over-the-top you know government spending as far as defense and all that

00:25:24.660 You're right.

00:25:25.320 Step one is just go back.

00:25:27.200 Hey, step one is just go back to pre-COVID.

00:25:29.820 Yeah, okay.

00:25:30.520 Go ahead.

00:25:30.820 Yeah, there you go.

00:25:32.020 Because all you're doing, if you're taking in $7 trillion and spending $9 trillion or whatever the numbers are with tax revenue versus spending, you're just going to wrap up trillion after trillion.

00:25:40.640 Anyway, it's the speed at which the debt is increasing.

00:25:44.440 It's increasing, but also at a geometric rate, although it's not sustainable.

00:25:50.360 So you can take out $25 trillion, but what's happening right now and over the last 10 years or so is government, for whatever reason, has chosen to spend the living daylights out of the economy and hoping someone else down the road takes care of it.

00:26:05.900 It's not just Democrats.

00:26:07.660 It's both sides have to get their acts together.

00:26:10.260 Trump has the House, the Senate, and the White House.

00:26:12.700 I mean, you know, he could have come in there and said, look, let's just bring this fiscal house in order in the United States.

00:26:20.260 I personally think it could have been done with oil, but that's another story.

00:26:23.940 But you want to get it done, you have to attack both sides.

00:26:26.720 You can't just say entitlements, and they can't just say defense spending.

00:26:33.260 I've got a simple solution.

00:26:34.820 There are no simple solutions.

00:26:36.000 Let's just try our first cut.

00:26:37.360 Let's just go back to pre-COVID spending.

00:26:39.760 We take in about $5.5 trillion, okay?

00:26:42.840 We spend about $7.5 trillion.

00:26:44.800 This is what I said last year when they said, we're going to get down to $1 trillion.

00:26:47.860 That was predicated upon growth that never hit.

00:26:51.060 You're going to run $2 trillion.

00:26:53.160 This is why Bank of America is saying we're going to be $50 trillion pretty quickly.

00:26:57.200 This is going to be forced when people, I tell you what, when the 10-year goes to 6%,

00:27:01.340 when your adjustable mortgage blows up, when your car loan blows up, when your student loan blows up,

00:27:07.760 when your credit card blows up, then you're going to want to force people to action. 0.89

00:27:11.640 let's have a national debate on right now because the the marxist jihadist the uh the uh dsa

00:27:18.560 they want spending that's orders of magnitude greater than this

00:27:22.420 the spending is no their their spending is unlimited okay their spending is unlimited

00:27:29.200 and they say well you take the taxes here you take taxes yes on a marginal you can get more

00:27:34.420 corporate taxes you can tax the wealthy but it's all on the margin it's all on the margin

00:27:39.380 compared to their spending.

00:27:41.180 And right now, you have a runaway train.

00:27:43.760 This audience knows that.

00:27:45.540 But The Guardian has Democrats outraged.

00:27:49.320 Democrats outraged.

00:27:50.440 Morning Joe is so outraged. 1.00

00:27:52.260 She's lecturing you.

00:27:54.180 Embrace that.

00:27:54.920 You must embrace it

00:27:55.860 because you're going to get a whole lot more of it.

00:27:57.680 Embrace that Joe Scarborough is telling you

00:28:00.300 that the deficit and debt is out of control.

00:28:03.540 Short break.

00:28:09.380 October 15th, or as we say in the war room, 15 October.

00:28:15.440 As we head towards that date, that's the extension deadline for the IRS.

00:28:20.320 Here's something most Americans do not realize.

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00:28:35.740 The question is, do you know what's in it before you file your return?

00:28:40.320 That's why I want you to check out our friends at Tax Network USA.

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00:29:56.140 Here's your host, Stephen K.

00:29:58.220 Bannon.

00:30:00.240 Well, we're going to learn about this. How can I

00:30:02.180 understand it?

00:30:03.900 We didn't start this six years ago

00:30:05.860 that we didn't know this day was coming.

00:30:09.080 Math's pretty simple.

00:30:10.440 End of the dollar empire. Why the U.S.

00:30:12.220 dollar is the backbone of the world financial

00:30:14.300 system as it currently

00:30:16.220 exists. Let me

00:30:18.140 add that. As it currently exists,

00:30:20.900 understand this and you're going

00:30:22.080 to go a long way to understanding geopolitics, geoeconomics,

00:30:26.600 what I refer to as the way the world works,

00:30:28.880 birchgold.com slash Bannon, end of the dollar empire.

00:30:33.020 It's all free, no obligation.

00:30:35.680 Bury yourself in that.

00:30:36.740 Make sure you understand it.

00:30:37.980 Ask Philip Patrick.

00:30:38.740 Philip Patrick is going to join us at 11.

00:30:40.120 Scott Besant is going to go on CNBC.

00:30:43.080 We're going to try to pick it up and get it up to you as soon as possible.

00:30:46.500 He's going to be talking about these very issues that are so prominent.

00:30:50.920 Birchgold.com.

00:30:52.080 Make sure you understand gold at $4,500 today.

00:30:55.300 It ain't the price of gold.

00:30:56.480 It's the process.

00:30:58.160 I think we're in a fourth turning, folks.

00:30:59.940 Just saying, you know, randomly, wow, are we?

00:31:03.820 Yeah.

00:31:05.500 Understand what that's all about.

00:31:07.240 Check it out today.

00:31:08.600 So, Bowling, did this mini intervention, he gave a little bit of a lick and a promise.

00:31:14.500 Did it work yesterday?

00:31:15.500 He signaled to the bond market, to traders, what?

00:31:19.380 And did it work, sir?

00:31:21.420 So the way bonds work are bond prices versus bond yields.

00:31:25.380 When prices for bonds, a lot of buyers, prices go up, the yield goes down

00:31:30.220 because there's less demand for it, there's more demand for it, the yield goes down.

00:31:33.540 They don't have to pay as much to get your money.

00:31:35.980 When bonds are being sold, yields go up.

00:31:39.800 So what's happening, these yields have been going up because the bond market has been pushing.

00:31:43.440 There's a lot of shorts.

00:31:44.260 These hedge funds, these massive multibillion-dollar hedge funds

00:31:47.420 are shorting the long end of the bond market because it's not the Fed.

00:31:52.300 The Fed only handles the front end of today's money or in the next couple of days' money.

00:31:57.360 So the back of the market is able to be traded around.

00:32:01.660 And these hedge funds have been selling it, shorting it, shorting it.

00:32:04.280 It's stayed low, and the rates have gone up.

00:32:06.960 Sell, rates go up.

00:32:08.880 Besson came in and surprised everyone and said,

00:32:11.540 hey, you're selling.

00:32:12.920 We may be a buyer of the U.S. government.

00:32:14.500 Do you really want to be the other side of the U.S. government trade?

00:32:16.980 You want to take the other side of us.

00:32:18.360 You think you're bigger than the U.S. government.

00:32:20.800 And it scattered a lot of the hedge funds.

00:32:22.440 They got out.

00:32:23.100 They bought back those bonds and pushed yields down for a day because Besant stopped.

00:32:28.160 And there is a promise there.

00:32:29.820 The hat tip is that they could do that at any time.

00:32:33.280 Besant was brilliant in that.

00:32:34.760 He didn't institute the full plan.

00:32:36.780 He just said, here's a little taste of what we could do.

00:32:39.660 And it just puts enough question into these hedge funds' mind that they have to back off.

00:32:44.160 The problem is there's an underlying reason why the hedge funds were successful doing what they were doing, pushing the bond market down, yields up, is because of the fear of higher inflation, right?

00:32:55.360 So gas at $4, we're still playing around with the war.

00:32:58.400 The economic D-Day to Iran is a brilliant economic strategy. 0.95

00:33:04.260 I will tell you again, your audience is going to hate this, oil prices will go higher. 0.98

00:33:09.340 They have to go higher.

00:33:10.420 If we're going to target Iran-Iranian barrels, but more importantly, if we're targeting the banks and the infrastructure around Iranian oil, who does that mean?

00:33:20.300 We're not targeting Iran with this.

00:33:21.900 We're targeting China. 0.87

00:33:23.300 So if you really want to know if this economic D-Day is working or going to work, don't look at Tehran. 0.56

00:33:28.640 Look at Beijing. 0.75

00:33:29.700 They will be the ones, because they're the ones who have the refiners.

00:33:32.220 They're the ones who need the oil.

00:33:33.400 they're the ones. And one more thought, this whole idea of you don't have access to the U.S.

00:33:38.540 financial system's country X, Y, or Z if you're playing ball with Iran, that's a very, very strong 0.52

00:33:44.900 incentive to not help Iran out, because you want access to our markets. Our capital markets are

00:33:50.560 the greatest in the world, and there's a lot of liquidity and obviously access to that.

00:33:55.140 We're talking, finally, we're talking secondary sanctions. If you trade with them, you help

00:33:59.160 rearm them you're going to face tariffs you're going to face economic uh you're going to face

00:34:04.460 economic warfare from the united states and financial warfare also the wall street journal 0.96

00:34:08.700 yes china is a key part of that you got to keep the blockade up the and destroy the persians

00:34:13.840 financially economically uh one of the big question marks about this and this gets to the 0.86

00:34:19.720 whole reason why we shouldn't be doing anything over there right america's greatest ally israel

00:34:24.420 kind of got us into this with all this happy talk and Mossad giving bad information about the

00:34:29.420 overthrow of strategic bombing after President Trump totally obliterated his words not mine

00:34:35.580 totally obliterated the nuclear problem back in the 12-day war the Arab side of the equation I 0.95

00:34:42.000 think is actually worse not only are they financing the Islamic invasion of this country we now find 0.84

00:34:47.760 from the Wall Street Journal has a big story yesterday says hey on this economic warfare

00:34:52.120 you're going to have to deal with Dubai because the UAE and the guys that run Dubai have been

00:34:57.340 the money sources and the money laundering for the Tehran regime, and they're not going to give

00:35:03.120 it up easily. Why? Because they're making a lot of money. Eric Bolling, if we're going to go to

00:35:09.260 full economic war, which we've been promised, you're going to have an economic D-Day, you're

00:35:13.200 going to really separate who's on our side from who's on the enemy's side, are we not?

00:35:18.600 You are.

00:35:19.220 And again, it's the oil which is going to raise oil prices, yes.

00:35:23.400 And as Trump just got off Marine One somewhere,

00:35:27.300 someone said, what about the oil prices?

00:35:28.680 He said, well, people are worried about a $4 gallon of gasoline,

00:35:32.220 but this is way more important.

00:35:33.520 Okay, so if that's the theory, you're going to see higher prices.

00:35:36.520 But the big incentive for folks like Russia and China

00:35:41.180 and maybe even North Korea and others

00:35:43.340 is if you're going to assist Iran in selling of their oil

00:35:48.920 to facilitate them surviving this economic D-Day,

00:35:51.760 you're going to be excluded from the U.S. capital markets.

00:35:55.060 No one's going to do that.

00:35:55.940 China doesn't want to do that.

00:35:57.060 No one wants to say that we can't trade

00:35:59.920 and our banks can't do business with American banks.

00:36:03.040 That will bring all of these countries to a really serious precipice,

00:36:08.440 a financial precipice.

00:36:09.460 Maybe it throws them all into recession.

00:36:11.660 I don't know.

00:36:12.140 So, but it's legit, but we're going to have to take pain here.

00:36:15.320 It's the same argument we had with how do you get the budget down?

00:36:19.440 You have to take pain on our side so we can inflict pain on their side.

00:36:23.560 We're going to take some pain.

00:36:24.780 We're going to take some serious economic pain.

00:36:26.400 And, Steve, for a long time, you and I had a bit of a disagreement on this.

00:36:30.640 Six, five, whatever, how long this war has been going on.

00:36:33.220 I said, finish this because the midterms are coming.

00:36:35.920 And everyone said, oh, but this is bigger than the midterms.

00:36:38.020 Well, here we are, you know, weeks away from the midterms, and everyone's going, what happens if we do have a DSA?

00:36:46.240 When you say finish it, it's a 10-year, when you say finish it kinetically, it's a 10-year project.

00:36:53.060 It's a country the size of half the United States. 0.82

00:36:55.900 It's a country that's got 92 million people, and now they're all wrapped around Persian nationalism.

00:36:59.960 They ain't giving up.

00:37:01.520 You kinetically go do what you want to do.

00:37:02.980 If you want to bring them to the knees, you've got to do it economically.

00:37:05.880 You want to bring this to the knees.

00:37:07.240 it's going to take a while just it's just going to take a while by the way did the president also

00:37:11.800 i think the president also just made some comment about the u.s government's considering purchase

00:37:16.280 large amounts of sizable amounts of bitcoin and other cryptocurrencies this is another idea put

00:37:21.500 in his head by the tech bros and the crypto bros that is a not a good idea if those if those

00:37:28.420 currencies can't trade in a free market even the u.s government should not be a choir not be about

00:37:34.220 we've got a big enough problem you know to the note to try hang on we got a big enough problem

00:37:40.400 in our bond market okay scott let's be blunt about what this is and what japan was this is all about

00:37:47.340 we're running too big of deficits we have too much debt that the world doesn't really have the

00:37:52.700 appetite for government securities that they used to have that's the whole story about uh about the

00:37:57.460 safe haven they're getting a little jiggy about even the american people standing up to their

00:38:01.500 obligations to pay him back these interventions are because there's not enough buyer for these

00:38:07.640 securities the last thing we need to do is take on another security that not enough buyers of

00:38:12.480 that would be crypto and bitcoin crypto and bitcoin if those guys are in the roosevelt room

00:38:17.420 with president trump the other day whatever room they were in the white house if they can't generate

00:38:21.280 demand to buy it then that's so be it that's you want they're all libertarian capitalists hey we're

00:38:26.780 going to give you a little capitalism go find the demand to buy your company to buy your crypto

00:38:32.160 great libertarian you want to all these libertarians all these big talking libertarians

00:38:36.020 all the crypto bros are all libertarians they don't want anarchy capital all that

00:38:40.260 dude now you want now you want aunt sally in minnesota to bail you out i don't think that's

00:38:46.220 going to happen let's bail out let's deal with the bond market first before we go ahead sir

00:38:51.720 You're 100% right. It was too big to fail. We bailed out the banks in 07, 08. It was a mistake.

00:38:58.060 It was a horrible mistake. If they weren't solvent enough or figure out their credit risk enough,

00:39:02.920 then so be it. There'd be another bank around the corner. But Paulson and his buddies at your

00:39:07.620 ex-firm, Goldman Sachs, wanted to make sure his banker pals were okay. And everyone made money.

00:39:12.400 Warren Buffett made money. They all made money at the expense of the American people. Agree.

00:39:16.200 Libertarians say, let them fail. There's nothing too big to fail, including Bitcoin.

00:39:19.740 Let it fail if it's going to work.

00:39:21.940 If it's going to work, great.

00:39:22.940 If it doesn't work, great also.

00:39:24.760 But you are more libertarian than you want to let on to, Mr. Bannon, Mr. Stephen K. Bannon.

00:39:31.780 No, no, no.

00:39:33.420 I'm a populist nationalist.

00:39:34.880 What's ever good for the United States and its citizens?

00:39:36.920 And right now, I tell you one thing that's good, though.

00:39:39.720 We've got to cut the spending.

00:39:40.980 If you don't cut the spending, there's no solution.

00:39:43.560 If you continue to run $2 trillion deficits, the bond market has turfed out more governments

00:39:48.720 than howitzer's.

00:39:49.740 OK, the bond market is going to get a vote here.

00:39:52.100 They're already getting a vote.

00:39:53.420 Your life's going to get more miserable because the 10 year treasury is going to going to increase the 30 year treasury.

00:39:58.720 Good luck with that mortgage.

00:40:00.240 It's going to put tremendous pressure on you.

00:40:02.020 And this is why we ought to have a national conversation.

00:40:04.740 Otherwise, you see the media, the big pivot.

00:40:07.960 MSNBC all morning, forty trillion dollars out of control.

00:40:10.800 This is the biggest supporters of DSA, DSA, man, those guys, it's unlimited.

00:40:16.640 They want Medicare for all.

00:40:18.200 They want this.

00:40:18.780 They want that.

00:40:19.360 They want open borders. 1.00

00:40:20.240 They want more illegal immigrants here and paying for it all. 1.00

00:40:23.560 Of course, we have $7.5 trillion in spending now with $5.5 trillion of revenue, all sources. 1.00

00:40:29.140 They want $10 trillion in spending.

00:40:30.620 They want to run $3 and $4 trillion deficits.

00:40:32.980 The bond market is the only thing that's going to keep them in control.

00:40:35.940 Bowling, you've been amazing.

00:40:37.600 Any closing thoughts on all of this before we let you go and see you back here at 4 o'clock on Real America's Voice?

00:40:44.120 No, no.

00:40:45.100 Your honesty, it's a tribute.

00:40:47.600 You guys are lucky.

00:40:48.280 the Warren audience is lucky to be able to have this high-level discussion about how everything

00:40:53.700 works together. There's politics, there's finance, there's real estate, there's all these, but

00:40:58.820 everything has to work together, work smoothly, and for the vast majority of the 250 years we've

00:41:04.420 been a republic, it has. Some of these things are legitimately threatening the continuance of the

00:41:10.940 republic, and it would be if everyone decided to stop trusting the U.S. government that they can

00:41:15.980 make that we could make good on our bond sales, in other words, we can pay them the interest

00:41:22.320 that they've required.

00:41:24.280 If that were to happen, there would be a total economic collapse.

00:41:27.120 You thought the stock market collapse of 07 was ugly.

00:41:29.720 A bond market collapse would be, lights out.

00:41:34.600 And very quickly, don't forget, in 08, 07, 08, treasury yields went negative.

00:41:40.560 You were paying the Fed, the treasury, I'm sorry, you're paying the treasury to hold

00:41:45.560 your money to make sure it was protected it went below zero now it's it's you know the 30 years

00:41:51.400 looking really bad at five and five and a third five and a quarter so yeah it's it's it's not good

00:41:56.580 we got to fix it we have to fix it there's gonna be some tough choices to fix it uh thank you very

00:42:03.260 much eric bowling content where do people go to get all your uh all your great thinking about this

00:42:08.280 sir i made a i mean the nice little graphic bowling on bannon bannon on bowling you could

00:42:13.800 watch me on your show you on my show and anything real america's voice is this real graphics is this

00:42:21.000 real graphics are you giving me ai giving me boomer ai slot am i getting i made it i'm the

00:42:26.660 author of this ai graphic i'm the author of this ai generated graphic but it's it's good

00:42:31.400 you it's you'll see you'll see come on come on at four o'clock okay thank you brother appreciate

00:42:39.860 you eric as as always uh birchgold.com slash bannon end of the dollar empire get it drill down

00:42:51.720 on it get to philippatri and the team ask them question after question after question make sure

00:42:58.400 that they uh that they've answered all your questions understand why gold has been a hedge

00:43:03.300 for i don't know 3 000 years of mankind's history i think we're in another one of those places i'm

00:43:09.640 just saying i think we may be in another one of those places so check it out also home title lock

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00:43:50.260 Talk to Natalie and her great team over at Hometitle Act.

00:43:55.040 Feels like our country finally has momentum again,

00:43:57.920 with our leaders fighting to restore common sense in America first.

00:44:03.540 But we've seen this before.

00:44:04.660 conservatives get comfortable and the left starts taking background inch by inch. We cannot let that

00:44:10.640 happen in these midterms. America needs every one of us in the fight and a big part of that means

00:44:16.600 supporting companies that actually stand for our values. That's why I'm proud to partner with

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00:45:19.280 By the way, give me this poll, a poll up this morning I saw.

00:45:29.760 We're going to look at the veracity.

00:45:31.440 but tom cotton's in a dead heat in um arkansas yo maybe a push poll it may have you know be

00:45:40.660 i think democrats plus 10 we'll find out but nothing's going to be easy particularly in the

00:45:46.200 senate cotton you're part of the problem dude you're the israel first guy you're the lead

00:45:51.800 cheerleader and you saw the debacle in south carolina we're gonna play i want that hannity

00:45:56.280 thing played just pull the hannity was another embarrassment last night um treating president

00:46:02.180 trump as a lame duck has gotten the senate to a place where no one has enthusiasm for going out

00:46:07.900 that's what we have to fire up butler pennsylvania should be a wake-up call for everybody that is

00:46:15.300 trump country and we lost this uh legislative seat i guess last night and lost it badly or

00:46:21.560 tuesday night lost it badly and i we've drilled down to people there and they said the democrats

00:46:26.960 are fired up they're going door-to-door they're turning out and maga and the republicans are like

00:46:31.460 what's going on here on the spending so philip patrick is going to join us in the next hour

00:46:37.360 we're going to try to get besant live on this uh what he's talking about this financial situation

00:46:43.700 because these are the type of massive problems that they're not easy fixes to and will have

00:46:49.080 a massive implication into your personal life not just the direction of this country your personal

00:46:55.600 life because i think we're heading to unless we unless we get arms around the spending and get

00:47:01.700 these deficits at least the three percent or less of gdp then you're building up to another

00:47:07.720 financial crisis natalie winters you join us again your sub stack is lit just walk me through

00:47:14.820 your priorities of stories today, because I'm going to take some time and go through your stuff.

00:47:18.740 Ma'am, the floor is yours. Well, I think to pick up on your sort of accounting of the debt,

00:47:24.680 which in many ways could be why this country falls, it's both on the micro level, right?

00:47:29.900 In the macro, you look at what we're funding. It's not just managed decline anymore. It's

00:47:35.940 subsidized acceleration of our foremost enemy, right? The Chinese Communist Party. 0.83

00:47:42.200 and obviously we've been tracking here the pentagon now hang on hang on hang on hang on

00:47:47.520 hang on i want you i want you i want to take a second and go through that because that was our

00:47:51.240 theory of the case in 16 that we're going to reverse the managed decline of what hillary

00:47:55.500 clinton and these folks have done for the last 30 or 40 years that's how you went from one tree

00:48:00.680 in the first 210 years of the republic to 40 train a day that managed decline was the issue

00:48:07.900 back in 15 and 16, and the Republican Party was controlled opposition going along with it.

00:48:13.360 That's no longer the case today, Natalie. You just used a term, accelerated collapse,

00:48:21.740 right? What's the difference between the managed decline and now the acceleration of this collapse,

00:48:26.960 ma'am? Well, the managed decline is what we feel here, though obviously a snippet of the elite.

00:48:34.040 For example, an infamous Joe Biden op-ed always said, you know, rising China lifts all boats.

00:48:39.720 And there are studies about how, you know, it's like 82% of something view the Chinese Communist Party as a threat of Americans. 0.53

00:48:47.080 The outstanding 18%, those are the people who are profiting off of their rise.

00:48:52.140 But the Chinese Communist Party is experiencing not just acceleration with what they're doing domestically, but it's almost a form of subsidized acceleration.

00:49:01.380 certainly that comes in the form of IP theft, which obviously these huge companies allow by

00:49:06.140 getting into joint ventures with them. You know, I don't really have any lost love in my heart

00:49:10.700 or sadness for Microsoft when they get hacked by the Chinese Communist Party because they 0.88

00:49:15.400 literally created, for example, Windows China government edition that the Chinese Communist

00:49:20.400 Party uses to administer, run and repress their country. So that's part of it. But I think as you

00:49:26.100 really start to dig in specifically to, you know, we love the word fraud now, I would suggest we

00:49:31.600 actually do something about it and not just tweet about it. If you actually want to reverse manage

00:49:36.260 decline, tweets don't get us there. But you can see how, I mean, frankly, trillions of dollars,

00:49:41.880 but in this case, nearly a billion dollars has gone to underwrite, not just the Chinese Communist

00:49:48.100 Party or China in the broadest sense, but their military. And I'm not just talking about IP

00:49:53.980 transfers or ip theft i'm talking about cradle to grave funding the actual researchers who are

00:50:02.540 developing military technologies on u.s taxpayer dollars like not run-of-the-mill extremely

00:50:09.100 advanced stuff that could only be used by the pentagon or the pla then after using our tax

00:50:14.680 dollars to create these advances they go back to china they literally do the exact same thing

00:50:19.600 oftentimes sanctioned entities and create the technologies, the weapons that one day we could

00:50:24.240 potentially come to see kinetically. That's part of it, but it's also so much broader than that.

00:50:28.980 It's horizontally and vertically integrated, right? All of these talent programs, they're sort

00:50:33.700 of forward deploying these Chinese students. We should revoke all of these people's visas right 1.00

00:50:38.540 now. They are not students, they are spies, but they're laying the groundwork for these foreign 1.00

00:50:42.580 talent and transfer programs to bring these American scientists over to China and lecture

00:50:49.020 like we just exposed a few days ago i think this military angle is probably the most jarring and

00:50:54.800 most explicit when it comes to subsidizing their acceleration but you also can go back and trace

00:51:00.100 it back whether it's the wto ascension or factory stuff or frankly see the fact that we can't even

00:51:05.080 manufacture munitions or weapons here it's like an impossible task to create a tomahawk because

00:51:11.200 so much of this stuff has been outsourced to the chinese communist party subsidized acceleration

00:51:15.520 look at everything that's going on the critical minerals to the rare earths from their perspective

00:51:20.960 it's just a people's war and it's unrestricted warfare but our system here the people who are

00:51:26.660 running it they don't think american citizenship means anything they don't view us as a country

00:51:30.240 it's the logical conclusion right of our immigration policies when you view this country 0.58

00:51:34.460 as a special economic zone or something for profit like those you know crypto creeps do

00:51:39.320 it's like well of course you're going to come to the conclusion just like all the weirdos

00:51:43.120 who think we should give, you know, China our advanced semiconductors and the chips and stuff

00:51:47.300 like that, of course they think it's okay. They don't see anything wrong with it. They're not

00:51:51.420 lying to you when they say it's a good idea. They're not just captured by, you know, money,

00:51:55.220 lust, and greed, and market capture. They actually genuinely don't see anything wrong with it. I

00:51:59.840 think the tech compromise has really come to the forefront, right, these last few years.

00:52:04.720 But we're literally funding China's military. And the most recent story, I'll stop here,

00:52:09.240 is how the va of all institutions is funding research not just with chinese institutions

00:52:15.540 happy chinese institutions the pla including things that are sanctioned for quote brain

00:52:20.320 control weaponry giving them access to american veterans genetic data hundreds of thousands 25 0.77

00:52:27.660 million genetic variants in some cases so they can i don't know coexist collaborate be our you

00:52:35.240 know at least we can call them a competitor that's the best we can get off capitol hill

00:52:39.200 No, they're our enemy, and they should not have veterans' data.

00:52:41.540 We'll get into all the details after, but it's crazy.

00:52:43.500 Let's get the terminology right, Natalie.

00:52:45.800 Natalie, let's get the term right.

00:52:47.120 Peer competitor.

00:52:48.160 Peer competitor. 1.00

00:52:49.420 Hang her for one second. 1.00

00:52:50.980 Natalie's going to stick around for the second hour. 0.95

00:52:52.660 Scott Besson, we're going to pick up his feed.

00:52:55.840 Philip Patrick's going to be here to break it all down.

00:52:58.520 Chapter 845 War Room.

00:53:01.580 Kobe's going to join us in a moment.

00:53:04.060 They've saved the war room over a million bucks already in Medicare,

00:53:07.220 and there's so many changes coming to the program that you need to listen to Kobe.

00:53:12.320 845-WAR-ROOM, consultation that's free and no obligation.

00:53:17.120 Short break.

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Bannon's War Room - August 20, 2026

Episode 5603： Breakdown On US Economy; Taxpayer Research Sold Out To China

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