Bannon's War Room - October 03, 2026


Episode 5710: Liberation Day Coming For Brazil; France In Revolt

Hosted by
Mentioned
Episode 5707: St Louis Has Fallen; The THAAD Delusion

Episode Stats


Length

55 minutes

Words per minute

161.1

Word count

8,934

Sentence count

649

Harmful content

Misogyny

4

sentences flagged

Toxicity

17

sentences flagged

Hate speech

46

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 This is the primal scream of a dying regime.
00:00:07.000 Pray for our enemies.
00:00:09.000 Because we're going medieval on these people.
00:00:12.000 I got a free shot at all these networks lying about the people.
00:00:17.000 The people have had a belly full of it.
00:00:19.000 I know you don't like hearing that.
00:00:20.000 I know you try to do everything in the world to stop that,
00:00:22.000 but you're not going to stop it.
00:00:23.000 It's going to happen.
00:00:24.000 And where do people like that go to share the big lie?
00:00:27.000 MAGA Media.
00:00:29.000 wish in my soul i wish that any of these people had a conscience ask yourself what is my task and
00:00:36.600 what is my purpose if that answer is to save my country this country will be saved war room
00:00:44.940 here's your host stephen k bann
00:00:47.560 uh we're going to go back to uh we're going to go back and talk about france in a moment you
00:00:55.580 We got, look, Alternative for Deutschland is on a roll.
00:00:58.660 Nigel Farage is on a roll.
00:01:00.600 Tommy Robinson is getting more traction.
00:01:02.420 General Venacci in Italy.
00:01:04.740 People see these problems.
00:01:06.100 We have massive financial and economic problems.
00:01:08.460 And one of the reasons we spent too much of our capital,
00:01:11.580 too much of that debt has gone to Navarro,
00:01:14.240 has gone for operating purposes, not investment.
00:01:17.460 It's bad enough we got the debt,
00:01:19.160 but you got the debt and you got nothing to show for it.
00:01:21.180 All you got is problems.
00:01:22.140 And so we're going to go back in the France with the harm on a moment.
00:01:26.700 But I got to go to a ray of light, particularly given hemispheric defense, how important Latin America and South America is to the United States.
00:01:36.480 Alan dos Santos joins us. Alan, just give us a snapshot on tomorrow, a massive election.
00:01:42.860 Second only to the midterm elections here is the election tomorrow in Brazil.
00:01:48.620 Lula, the Marxist CCP puppet, up against Bolsonaro, the great paratrooper Jair Bolsonaro's son, eldest son, Flavio.
00:02:01.300 What's your assessment so far, sir?
00:02:04.940 Steve, thank you for having me here on your show to talk about Brazil,
00:02:09.280 because a lot of people think Brazil is not a socialist or communist country.
00:02:16.000 Lula da Silva has deceived a lot of world leaders and journalists around the world.
00:02:22.360 And we need to say that clear.
00:02:23.920 You say that clear, and thank you so much for that.
00:02:26.100 He's a very CCP puppet.
00:02:28.760 Brazil is controlled by China right now.
00:02:31.620 And tomorrow that ends. 0.99
00:02:33.700 I can assure you.
00:02:35.300 Hold it.
00:02:35.920 Hold it.
00:02:36.500 Full stop.
00:02:37.120 Full stop.
00:02:37.720 Full stop.
00:02:38.300 Full stop.
00:02:38.940 Full stop.
00:02:39.600 We've said this on this show for years and years and years.
00:02:43.780 but I need you to hit rewind for a second
00:02:45.720 because I got one of the great China experts here.
00:02:47.620 Just tell our audience they know it,
00:02:51.160 but we're going to take this clip and put it everywhere.
00:02:53.000 When you say that the Chinese Communist Party
00:02:56.000 controls Brazil through their instrument, Lula,
00:02:59.960 what do you mean by that?
00:03:02.420 Well, Lula was elected in November 2002.
00:03:07.560 In 2003, Lula was already connecting China to Brazil.
00:03:15.320 Dilma Rousseff, his former secretary, also managed to take off the United States as the first partner that we used to have for more than 100 years.
00:03:29.020 So China became the first principal partnership to Brazil, Brazil's trade, due to Lula.
00:03:39.860 And we are calling this Lula 3 because this is the third time he's president of Brazil.
00:03:45.500 He is making a lot of contract with every China business or China company, state company or free personal company in China.
00:04:03.000 They are having contract with every single part of the executive power in Brazil right now.
00:04:11.460 So you can see the infrastructure is controlled by them. Oil, controlled by them. Seeds, controlled by them. Meat, controlled by them. Every single port in Brazil right now is controlled by China. And politicians, too.
00:04:30.040 Yeah. And if I may, this is a huge problem. Brazil, for example, when we put the tariffs on, Steve, we had a big problem with Brazil.
00:04:40.480 We have one. What they did immediately was shift meat around in a way in global markets because JBS is a Brazilian company right here, part of the beef cartel.
00:04:53.480 And the next thing we know, beef prices are soaring, and Brazil is threatening us to keep making beef prices go up unless we put the tariffs down.
00:05:04.980 And the way they're doing it is by shipping the beef off to China instead of here.
00:05:09.860 So they're totally in bed.
00:05:12.300 You agree with Alan that Lula is completely above the Chinese currency.
00:05:17.160 Of course.
00:05:17.900 And what I love about what Alan just said was it goes back to 2003.
00:05:22.540 I mean, this is a long I mean, I wrote the coming China wars in 2006.
00:05:27.860 I had a whole chapter on Brazil on Latin America and Africa and how China was already doing its debt diplomacy.
00:05:36.960 I mean, I would ask Alan, it's like, how much does Brazil now owe the Chinese because of Lula and the debt diplomacy?
00:05:48.640 How much does Lula put in his own pocket?
00:05:52.040 And why does this keep happening? 0.72
00:05:54.740 Aren't the Brazilians, like, pissed off? 1.00
00:05:57.060 I know the Africans are. 1.00
00:05:58.960 Alan, talk to me a little bit about people's attitudes.
00:06:03.420 Are they going to vote for Bolsonaro because they know Lula is in bed with China
00:06:08.180 and they want China the hell out?
00:06:11.060 Well, due to lack of information, a lot of our regions in Brazil,
00:06:16.340 poor areas in brazil uh we still have lula voters i need to be honest it's not like in america that
00:06:23.060 everyone can access internet tv uh or there are a lot of uh independent shows in brazil uh i am
00:06:31.700 the biggest independent show in brazil and i needed to to come to the united states and be in exile
00:06:39.100 So a lot of poor people still vote for Lula.
00:06:43.000 But this is changing so far since 2018 when Bolsonaro was elected.
00:06:48.540 The problem is they promised companies to get a job for poor people in poor areas.
00:06:56.240 But guess what? 1.00
00:06:57.360 They are pulling all Chinese in there and they are beating. 1.00
00:07:00.660 This is literal.
00:07:01.580 They are beating Brazilian employees in poor areas in Brazil.
00:07:09.680 So a lot of people are being pissed off by the PCC, but not enough, to be honest.
00:07:15.400 We need more and more people knowing about how China conquered Brazil.
00:07:20.820 Look, if you read The Economist, if you read these different publications,
00:07:25.200 has always been huge supporters of Lula because he was kind of this glamorous earlier on kind of
00:07:31.280 rock star. You know, they love these revolutionaries, right? I noticed that given his
00:07:36.580 terrible performance, they've kind of softened that. But the question I have is the Bolsonaro
00:07:42.040 movement, a little bit like President Trump's MAGA movement, was energized by a huge turnout
00:07:48.900 of evangelical Christians and traditional Catholics.
00:07:52.360 Do you still have that?
00:07:53.680 Is that still as much a fiery core base for Bolsonaro tomorrow, sir?
00:08:01.600 Same in Brazil.
00:08:02.920 Same in Brazil. 1.00
00:08:03.860 Thanks to the evangelicals and traditional Catholics, 0.99
00:08:07.920 Bolsonaro is being protected by a lot of fake news. 0.91
00:08:11.340 Like, for example, Flávio Bolsonaro is growing, even the polls,
00:08:16.820 But Lula said that he would take out Our Lady of Aparecida, the patron of Brazil.
00:08:26.960 And that is a lie.
00:08:28.660 But they tried to put the Catholic bishops from the National Conference of Bishops in Brazil against Flávio Bolsonaro in the last week of the election. 0.97
00:08:40.280 And it's quite ridiculous because Lula is a voodoo guy. 0.95
00:08:44.860 I'm not kidding. 1.00
00:08:45.400 You can search for it.
00:08:48.080 You can Google it. 1.00
00:08:49.400 Lula like voodoo.
00:08:50.920 I'm not kidding.
00:08:51.600 And now he's saying he's Catholic. 0.99
00:08:53.520 It's so ridiculous how the socialist works. 0.99
00:08:57.180 Hang on. You're breaking news here. 0.98
00:08:57.700 What do you mean Lula's a voodoo guy? 0.99
00:09:00.460 He's like a satanic, demonic voodoo? 0.97
00:09:02.160 Just Google it. 0.99
00:09:03.880 Just put Macumba, Lula. 0.92
00:09:05.800 You're going to see Lula with voodoo and his wife, too. 0.99
00:09:10.080 He's never been Catholic. 1.00
00:09:11.240 Let me. 0.66
00:09:12.080 Okay, walk us through the structure of the race.
00:09:13.940 Tomorrow is round one. If somebody gets 50 percent plus one vote, they win. Right.
00:09:19.980 If you don't get that, what happens? And tell us where the polling is right now.
00:09:25.420 And then go to the second term. But I do believe that a lot of voters that would vote for Lula or would vote for candidates that would have less than three or four percent of the results,
00:09:42.180 They will change and they will vote for Flavio. Flavio is very excited.
00:09:47.080 You can see every single post on his account on Internet that where he's going.
00:09:53.520 He's getting a crowd of Brazilians supporting him and supporting his father, who was illegally arrested by Alexandre de Moraes,
00:10:02.980 who is very, very sad with this situation
00:10:07.620 because a lot of corruption scandals involving Daniel Vorcaro,
00:10:13.700 the Bank of Master owner, and Alexandre de Moraes.
00:10:18.120 So we have right now a lot of scandals being disclosed
00:10:23.380 by the federal police in Brazil, and that goes direct straight to Lula.
00:10:28.680 So it's a big deal tomorrow.
00:10:30.580 and so and so if if nobody gets to 50 percent three weeks from now we have a runoff so you
00:10:37.920 basically start monday morning and you have three weeks to run off is that how it works
00:10:41.920 yeah the second term is in 15 days after tomorrow
00:10:45.880 hey um how big a problem is um election theft uh in brazil um it's the worst they stole it from
00:10:57.580 Yeah, I hear. And the question is, put him in prison. What they want to do to Trump, the Lula's done in Brazil.
00:11:02.600 Give me give me give me the mic just for one second here, because we had a major primetime address several weeks ago by President Trump, who released previously classified intel on how China has built up, has built up enormous capabilities to influence our presidential elections.
00:11:26.040 I've got to assume that you've got that problem in Brazil.
00:11:31.360 Can you describe kind of what you know about that problem and what Bolsonaro's people are doing to try to counter that?
00:11:40.400 Because if Lula can put his thumb on the scale and even move three to five percent of the vote, that's probably enough.
00:11:48.480 So tell us there's going to be at least some countermeasures there.
00:11:52.760 well three things the only one video that trump uh tweeted my videos was about uh
00:12:02.880 electronic vote electronic vote in brazil uh and second thing is we need to remember
00:12:11.100 secretary of state uh exposed how chequevada sorry chequevada is not the name but ugo chavez
00:12:20.640 they are all bandits
00:12:23.140 Hugo Chavez was 0.98
00:12:25.620 trying to
00:12:27.220 fraud the election in Venezuela
00:12:29.440 and the company that started
00:12:31.480 in Venezuela also
00:12:33.400 stayed for a while in Brazil
00:12:35.300 organizing the elections
00:12:37.580 it's not the same anymore
00:12:39.640 it's mathematic but the problem
00:12:41.760 is we need to believe
00:12:43.640 our vote is
00:12:45.720 what we are typing
00:12:47.620 on these electronic
00:12:49.680 voting machine and that is a huge problem i do believe personally they need a close results
00:12:58.600 in order to fraud if it's too big they can't rig so that's what i think so far
00:13:05.440 alan do you have absentee voting like we do here in america is that is that like a big deal in
00:13:12.300 brazil or is that people have to go to the polls no no no no it's just just electronic vote
00:13:19.100 personal but i know but i mean in order for a brazilian to cast a ballot do they
00:13:25.920 physically have to go to the polls or can they mail their ballot in well that's the that's the
00:13:32.600 election yeah that's the problem brazil you can out it our election because you only will use
00:13:39.400 uh data that will be uh give to you by the court uh electoral courts that we have so there is no
00:13:48.720 independent audit
00:13:50.640 for our votes in Brazil.
00:13:53.320 Interesting. Wow.
00:13:54.540 Hey, Alan, where do people go?
00:13:56.700 Where do they get your content? We'll have you guys
00:13:58.740 back on Monday for the results, but people are going to
00:14:00.720 want to see the results in real time. So what's your social
00:14:02.800 media? I know you're following it all day
00:14:04.820 tomorrow. Where do people go?
00:14:07.180 Well, you can go to the
00:14:08.980 X. I'm there.
00:14:10.680 Alan L. D. Santos.
00:14:13.800 Yeah, that one.
00:14:15.080 You can go there and follow me
00:14:16.740 and I'll be streaming
00:14:18.220 on my social media about the election in brazil thank you so much okay uh and let's look for if
00:14:25.960 nobody wins if boston doesn't win outright tomorrow we got three weeks a three-week grind
00:14:31.240 alan the largest show in brazil and a great patriot thank you so much for joining us here
00:14:38.160 in the world appreciate you we'll watch your stream tomorrow see you back here monday
00:14:41.200 The Bolsonaro's good news, the cavalry is arriving in Brazil.
00:14:48.240 We're going to go back to Rome.
00:14:49.960 I've got Doc here with me, Chris Leonard, on deck next in the war room.
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00:16:46.320 Okay, we're going to clear your seat up for Chris Leonard, a real celebrity. Just kidding.
00:16:50.460 Lord Seasen Money is going to be here in a minute. Yeah, he's coming in. And you've
00:16:55.940 You have to go finish your workout and then go to the White House because Navarro, we'll never brag about this, but Navarro works seven days a week.
00:17:11.780 It's incredible.
00:17:13.180 And that's one of the reasons we're so proud of you.
00:17:16.560 France, Brazil, the United States, your thoughts and why we need to take down the medical deep state by starting with Fauci, sir. 0.97
00:17:25.940 Well, the end of France began with illegal immigration flooding, and it's a Muslim takeover of what once was a Christian nation. 0.98
00:17:39.400 I mean, if you want to look what the future might look like here, and it's moving that way, just look to France. 0.98
00:17:45.900 And look, the folks who are turning stuff over in the streets, the young folks, I mean, they have very, very legitimate uncertainties about how the world's going because their leaders, such as they are, have not really done a very good job.
00:18:03.220 But but memo to folks heading to the polls who are like under 30, under 25.
00:18:10.160 It's like. You just got to do your history here, you know, whether it's Huey Long in Louisiana or Hugo Chavez in Venezuela or Mondami in New York.
00:18:20.940 Don't be messing with LCI. Don't be messing with Huey Long, man.
00:18:25.420 Do not go there. The message is like I'm giving you free stuff.
00:18:31.200 Vote for me.
00:18:32.060 Two chickens in every pond.
00:18:33.080 And the CEA analysis, Council of Economic Advisors, came out.
00:18:38.000 You've got a report you're doing on that, right?
00:18:40.060 Yes.
00:18:40.560 So, anyway.
00:18:41.560 Give me the Fauci book.
00:18:43.360 Why Fauci Must Rot in Prison.
00:18:45.880 We are going to agree on that, Admiral.
00:18:48.200 And Steve Banner wrote the foreword to this book.
00:18:51.220 It's very important.
00:18:52.620 Go to Amazon right now.
00:18:54.240 Buy this book.
00:18:55.700 Steve told me The War Room is the best audience to buy books.
00:18:59.300 I'm not sure how many Americans are buying books anymore.
00:19:02.900 If you buy this book, we get this around enough, he will go to prison because the whole idea is to make people aware of the crimes he has committed that he needs to be responsible for.
00:19:15.520 Why Fauci must rot in prison.
00:19:17.620 Peter Navarro.com for everything else.
00:19:19.460 All right.
00:19:20.140 I'm going to talk to you later in the day.
00:19:21.540 We've got a bunch to talk about.
00:19:23.100 So I'll track you down at the White House.
00:19:25.480 Big week coming.
00:19:26.260 Guy works seven days a week.
00:19:27.500 Yes.
00:19:27.860 And that's why. And it's it's it's only guy works harder is the boss.
00:19:31.780 It's interesting. See, the thing I learned, Steve, going out the door the first time on the last day is time is too short.
00:19:41.260 And you got to get stuff done. Amen. When you're over there. All right.
00:19:45.980 We love being on a ship. OK, thank you, sir. All right, man. Dr. Peter Navarro. Thank you.
00:19:51.160 We'll see you back. We got big plans. I'll see you back here on Monday.
00:19:53.620 um tage gill france uh you see it coming what's happening particularly when it hit a financial
00:20:00.840 crisis give me a minute on that and then i want you to sell me a big pot of black coffee sir
00:20:05.700 yeah it's a warning steve it's a warning about what's coming to america you know these 0.95
00:20:11.980 uh europe was flooded with illegal immigration after the arab spring of 2011 and then we toppled
00:20:19.640 Libya and the civil wars in Syria and Yemen, and that flooded Europe. And now under, well,
00:20:26.940 previously under Joe Biden, 20 million illegal immigrants came in here. We don't know who most
00:20:31.740 of those people are. So I think Trump needs to double down on the deportations. We need to
00:20:37.180 figure out exactly who these people are, where they are, and get rid of them, get them out of
00:20:41.740 here. They're criminals by default by coming in here illegally. So these illegal aliens need to 0.98
00:20:46.900 be deported asap there in in a lot of these places in africa in the middle east that look 1.00
00:20:53.640 these aren't the civilized people from the sheikhs from uae and dubai and saudi arabia 1.00
00:20:59.280 they're coming here these are these are the poor people that are religious extremists and most of 1.00
00:21:05.700 them are not civilized and they and they're gonna do crazy stuff here they i saw they they lit a 0.99
00:21:10.940 firefighter on fire in the streets of france and they stood around him in a circle laughing at him 0.96
00:21:17.220 while he was burning and another one of these african guys took a blowtorch and put it to a 0.99
00:21:22.780 woman's face and torched her face and they think it's funny it's laughing because they're they're 1.00
00:21:26.820 not civilized people and what's happening in france is going to happen here that this should
00:21:32.400 our lawmakers need to heed a warning this is a major warning this is coming here unless we take
00:21:39.020 action, deport these people and put them in check.
00:21:43.220 Tej, you've now got me motivated.
00:21:44.800 I'm going to work the rest of the day with Navarro and I'm going to stay up late tonight.
00:21:48.140 I'm going to need a big pot of black coffee.
00:21:51.680 Where do I get it?
00:21:52.640 And why do I get it from you?
00:21:55.740 All right.
00:21:56.260 So you get it at warpath.coffee.
00:21:59.320 And this weekend, it's 20% off your entire order, free shipping on orders of $100.
00:22:05.400 Wow.
00:22:05.800 Wow. Like we've talked about many times, it is the best coffee out there. You can drink it straight black. It's not bitter. It's not acidic. It's the way we roasted it and the quality. We use premium beans. That's why. And we don't burn it at all when we roast it.
00:22:19.760 So warpath.coffee is promo code WARROOM, and it is the best coffee out there.
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00:22:36.740 Then the dark roast ground, but it is the best coffee out there.
00:22:40.640 If you haven't tried it, try it.
00:22:42.740 Our customer return rate floats between 70% and 90%.
00:22:47.180 So that means once people try this coffee, they keep buying and keep buying and keep buying because of the quality.
00:22:53.400 It's not a marketing gimmick.
00:22:54.720 It's the best coffee.
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00:22:58.720 Our biggest marketing engine is the 20,000 five-star reviews that tell their friends.
00:23:05.780 I mean, that's got cult status because he took the acid out.
00:23:10.440 You can drink this black.
00:23:12.160 We recommend when you get it, don't put cream in it.
00:23:14.680 Don't put sugar in it.
00:23:15.660 particularly we had somebody here the other day, a prominent figure.
00:23:18.840 They said, Hey, can I get some sugar? I said,
00:23:20.940 we don't do sugar in the war room. And he says,
00:23:23.220 you're going to drink it black. And he absolutely loved it.
00:23:25.600 First time he'd had black coffee in decades and loved it. One more time.
00:23:30.340 Where'd they go?
00:23:31.880 Where'd they go?
00:23:32.780 More paths.coffee and use promo code war room,
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00:23:54.300 They drink it every day.
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00:23:57.360 It's not a marketing gimmick.
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00:24:02.420 Tash, thank you, and thank you for the warning to the Warren Posse.
00:24:06.240 I appreciate you, sir, always.
00:24:07.620 Thank you, Steve.
00:24:08.320 Appreciate it.
00:24:09.420 A gunfighter.
00:24:10.340 Tash, a gunfighter.
00:24:13.220 Used to have my security.
00:24:14.760 Now we're running one of the best companies in America.
00:24:17.280 Ben Harnwell, we've got the Lords of Easy Money.
00:24:20.380 And actually, Leonard's here to talk in the next segment about the American arms industry.
00:24:25.500 And we're going to get into it about this war, where it's taken us militarily and from hardware perspective.
00:24:34.140 Your warning, the streets of France, I think, are a direct warning to the United States of America,
00:24:38.740 and particularly the over-the-top violence you've seen.
00:24:41.080 Ben Harnwell, the floor is yours.
00:24:43.220 Yeah, it is. Look, these protests remind me of the protests again in France in 2023 when Macron extended the retirement age, extended the retirement age from 62 to 64.
00:25:00.320 And then, of course, you know, they were all the French. That was absolutely ridiculous that they're going to have to work until they're 64. 0.71
00:25:05.720 but huge protests
00:25:07.840 you had huge protests across Europe
00:25:09.920 over the farmers
00:25:11.600 protests as well
00:25:12.620 and that was right across Europe
00:25:15.820 right
00:25:17.760 my instinct looking at these
00:25:20.080 things, observing these things
00:25:21.820 is that in continental Europe
00:25:24.100 there is a very
00:25:26.080 strong undercurrent of
00:25:28.040 anger there and it's waiting
00:25:30.100 for the right cause to come
00:25:32.100 along and it latches onto that cause
00:25:33.980 and then everyone is at
00:25:35.520 It's similar on the left. You saw this in America with the George Floyd protests. Again, vastly exceeded, I think, the principal cause, but it tapped into an anger that's there on the left.
00:25:49.000 So my takeaway on this, Steve, is, you know, it's like the poem by Yeats, the second coming, the centre isn't holding.
00:25:57.020 That's what the West, that's what our sociopathic overlords should be thinking about each night when they go to bed.
00:26:04.440 This is what they've created a world. The centre is no longer holding.
00:26:08.340 And the reason for that is very simple, and that is the global elites that have hedged this system for the benefit of the plutocrats and the billionaires have basically left everyone absolutely shafted with no chance of moving on.
00:26:24.520 And they know it. People know it. They're not stupid.
00:26:27.360 They might not be able to precisely academically align cause and effect, but they have a very strong sense that they are excluded from the possibility of moving forward and that their political class could not care less. They do not care less. 0.96
00:26:44.060 Tej Gill was saying, you know, that legislators in America need to see what's going on in France so that they don't let the same thing happen to America.
00:26:52.400 They don't care. They don't care. Our political leadership simply doesn't care.
00:26:57.960 The only thing, Steve, to come back to a point that you say time and again, this only changes when we change it.
00:27:05.580 Country by country, this only changes when we change it. How do we change it?
00:27:09.580 We select the right candidates and then we elect them. And that's it.
00:27:13.520 But the underlying point here, that anger that exists in France is symptomatic of the anger that exists right across the European Union and again, again, in the United States as well.
00:27:25.480 In the West. Yep, you're seeing it. Ben, where do people go for your social media? Your shows are on fire. Where do people go to get more of your content, sir?
00:27:34.300 i'm on the unmentionable platform ben underscore harnwell um and my direct uh unique posts you'll
00:27:44.180 find us on getter simply at harnwell which is my surname thanks steve god bless oh and by the way
00:27:49.600 let me fight back on what you just said if i may when you were finishing with dr navarro the lord
00:27:56.080 rests on the
00:27:58.060 seventh day. Steve
00:28:00.320 Bannon and Dr. Navarro might
00:28:02.200 work on the seventh day. Satan
00:28:04.340 might never sleep, but the Lord God,
00:28:06.500 don't marshal the Lord God for your
00:28:08.140 workaholicism, right?
00:28:10.240 The Lord takes the day off on Sunday.
00:28:12.220 The Lord deserves the rest.
00:28:13.920 The Lord deserves the rest.
00:28:15.700 Grand Dunes like Navarro and I, we work on.
00:28:18.740 Ben Harnwell, thank you
00:28:20.220 brother, appreciate you jumping in here
00:28:22.160 on a Saturday. Short commercial break.
00:28:24.180 Christopher Leonard, the Lords of Easy Money, in the house, next, in the War Room.
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00:30:14.500 War Room.
00:30:15.840 Here's your host, Stephen K. Mann.
00:30:18.500 the author of the lords of easy money a huge bestseller among the war room posse how the
00:30:25.280 federal reserve broke the american economy by uh christopher leonard um just an amazing book
00:30:32.920 i want to ask you and by the way i'd love for you to go to birch gold take your front of text bannon
00:30:37.900 b-a-n-n-o-n-9-8-9-8-9-8 ultimate guide for investing in gold and precious metals in age
00:30:42.740 trump these are all your decisions that's why we give you free no obligation information to
00:30:47.920 drill down on. The reason The War and Posse reveres this book is that you went back to
00:30:54.660 core documents and research. This is not a book of opinion. You did the hard work and it looked
00:30:59.820 like it took you years to say, look, I got to understand how this happened. And you went back
00:31:04.420 to the notes and the decisions of the Board of Governors and all their discussions, which are
00:31:09.300 kept for 10 years in secrecy. And you put it out and you can see how people were thinking at the
00:31:14.580 time of the financial crisis and the bailouts, which the American working class bailed them out.
00:31:20.740 As I say, we would never have had a Trump if not just the financial collapse of 2008,
00:31:27.140 but the response of the Bush administration initially and Obama later, because Obama really
00:31:33.760 wasn't his thing. He's a constitutional lawyer, not a financier. That response of bailing out
00:31:39.640 the elites and bailing out the system paid for by taxpayers, which comes up time and again in
00:31:46.160 the debates, is an eye-opener. And you've done so much for people's understanding of the central
00:31:51.060 bank. Number one, why did you decide then, given your research ability, to take on something,
00:31:58.580 as you remember, when we first had the conversation, I thought was kind of been beat to death,
00:32:02.320 the military-industrial complex. And I can tell one thing, your last couple years of research,
00:32:07.760 because we interviewed you out in Kansas about a year ago, right?
00:32:11.580 Your journey now has changed you, right?
00:32:15.560 So talk to me why you thought it was important at the time.
00:32:19.400 And I actually, people should know, I talked to Chris after that and said,
00:32:21.920 come on, man, you've got so many other things to go after.
00:32:24.320 And then I did my own journey, and we just met the other day.
00:32:26.840 I go, man, you were so right.
00:32:28.380 You were so ahead of this.
00:32:29.780 Why did you decide on the military-industrial complex?
00:32:32.840 Why have you gone back to the beginning, particularly before World War II?
00:32:36.180 and has it changed you and your perspective of america as a constitutional republic wow huge
00:32:44.060 question i mean okay at the beginning you know my my primary concern and obsession as an author
00:32:51.140 is the united states love this country born and raised of course and i'm obsessed with how things
00:32:58.260 work in the united states i'm obsessed with power who has it how do they wield it who makes the
00:33:03.300 decisions. And, you know, we talked a little bit about this. I'm not too sophisticated as a guy.
00:33:09.440 I like to write about areas in our political economic system where you see a lot of concentrated
00:33:15.420 power. That's why I wrote the book about the Fed. My eyes kind of opened through interviewing people
00:33:20.400 out there in the real world that, oh, my God, this institution is incredibly important. What it does
00:33:25.340 affects us all. And the military industrial complex, to me, seemed like just a key part
00:33:33.000 of the engine room of U.S. power. You know, you look at our connections with other countries,
00:33:39.280 our role in the world as the supreme armed country, effectively policing and enforcing
00:33:46.740 a global system of trade and capitalism. This military system is the sort of foundational
00:33:52.560 power of that. And in the United States, we have made a decision, and this is why I write about
00:33:58.040 the history, we made a decision basically in about 1939 or 1940, that the way we were going to do this
00:34:04.760 was that the state would partner with these private sector corporations. They would harness
00:34:10.180 the power of private sector industrial power in the United States, and that we would have this
00:34:15.260 hybrid public-private system to support our military and then support our allies. So I wanted
00:34:21.200 to write about this to get right to the heart of it. I really want to explain to people how
00:34:25.260 the system came to be. I want to explain to people how this system really works because
00:34:29.120 a lot of it, it sounds like a cliche, but it is behind closed doors. It's in parts of our world
00:34:35.060 that most people can't access. It's been really difficult for me to access even things like our
00:34:39.720 own embassies overseas, let alone the Pentagon, let alone the offices of these private contractors.
00:34:45.420 And I really do see my job as a servant of the public to go deep, get the best facts I can get, go as deep as I can and give the people a report of how things work and how they came to be, really.
00:34:59.860 So your piece in the Atlantic, because you had about the missile systems, but you spent time in the Middle East.
00:35:06.040 Obviously, among the Trump base, there's a lot of discontent about this war.
00:35:10.040 There's no doubt about it.
00:35:11.280 And under 40, they want out and they want out now. 0.97
00:35:15.440 But even guys like Mike Rogers, people running for the Senate, I think Marshall and Kansas, they're all stepping up to the microphone and go, this war has got to end.
00:35:22.440 We've got to focus on diesel prices.
00:35:24.560 What did you learn in your tour of the Middle East that informed you on the THAAD story?
00:35:29.000 What did you learn when you were over there in the Gulf Emirates?
00:35:32.400 God, that's such a great question.
00:35:33.860 What did I learn?
00:35:34.500 First of all, I learned that these weapons systems are kind of the scaffolding of U.S. powers overseas.
00:35:43.480 The way I put it is, you know, we sell more weapons than any country in the world by an order of magnitude.
00:35:49.160 We sell more weapons than Russia, China, France, Italy, Britain combined.
00:35:54.220 And these aren't sales.
00:35:56.700 This is a political tool.
00:35:58.360 For example, in the United Arab Emirates, that's a country with its own agenda.
00:36:04.520 We've talked about MBZ, as you call him.
00:36:08.040 That dude's on a nation-building project, has been for decades.
00:36:13.760 And by selling these expensive, very complicated weapon systems to a country like the UAE, we bind them to us in terms of security.
00:36:23.420 And I've interviewed the folks who sell the weapons in the UAE, and they say that's the goal of doing this.
00:36:29.760 So when you look at this system globally, the way I put it is you kind of see a very unsentimental picture, kind of an X-ray image of U.S. power, U.S. alliances overseas.
00:36:41.000 And does in that sale, though, does that inextricably bind you, and the American people don't quite understand it, that we have an implicit compact that's more than –
00:36:51.380 Because remember, we don't really have treaties with these countries.
00:36:53.500 We don't have a treaty with Israel because they couldn't get it passed by two-thirds of the Senate
00:36:57.660 because the founders were smart enough to know if you're going to have a treaty,
00:37:00.580 you've got to bring the country together to support it.
00:37:03.000 Have we implicitly set ourselves up for essentially military treaties
00:37:08.640 and alliances with these people that are hard to break
00:37:12.240 because we've got these defense systems or missile systems
00:37:17.560 that are inextricably linked with their own security?
00:37:20.680 You know, first of all, that is the idea without question. That is the goal of the U.S. Department of State, again, to kind of avoid having to actually have formal alliances that would have to be voted on.
00:37:32.020 The American people get a say so because you would get thumbs down on all of it.
00:37:35.700 We wouldn't want to have this network of alliances, but it's to do it this way and to really bind it.
00:37:40.480 Yes. Let's talk about let's talk about the F-16.
00:37:43.340 And so the NDAA, which must pass, they always say, we've got to pay the troops, but really the subtext of it is that you also have to make all the weapons systems, et cetera, that gets to these alliances we never really had a vote on, right?
00:37:55.800 Yes, because the idea is you sell a major weapons system like the F-16 to the Emiratis.
00:38:01.380 You're now signing a contract for 10, 15, 20 years of spare parts, upgrades, new munitions, and so it ties the countries that close together.
00:38:11.180 But, you know, if I could, one thing I saw over there is the fragility of some of these relationships.
00:38:17.800 One of the places I got to go is called Aldafra Air Base, just outside of Abu Dhabi.
00:38:23.160 Major U.S. air base, major footprint.
00:38:25.120 Abu Dhabi being the capital of the UAE, the Emirates, whereas the money center of the financial system, that's their Washington, D.C.
00:38:32.900 Their New York City is Dubai, correct?
00:38:36.200 I apologize. Yes.
00:38:37.140 No, no, but people always miss that.
00:38:39.040 They think Dubai is actually their global financial capital. Abu Dhabi is where MBZ is, and that's where they really make the decisions.
00:38:46.560 That's why I spent all my time in Abu Dhabi. That's the home of the oil industry, the government, and the military.
00:38:52.580 Yeah, Dubai is Vegas. Abu Dhabi is D.C.
00:38:56.300 Exactly.
00:38:56.760 And but this this major U.S. air base outside Abu Dhabi, the United States military was almost like a tenant, a renter over there, constantly kind of on edge that they were, you know, that the lease would be terminated.
00:39:13.560 And we work really hard to keep a good relationship. 0.73
00:39:16.320 We do joint training by that, because without us, really, because of the pressure they would get by having the great Satan there, if the Persians got too aggressive or their population would turn on the Americans and buy the jihadists, because you think if anybody were locked in with, it'd be MBZ in his capital. 0.84
00:39:35.740 And that's why I'm talking about this because it struck me. 0.85
00:39:38.260 You look at the State Department cables.
00:39:40.780 The concept of having a foreign power based on soil in the Middle East is extremely controversial with the people.
00:39:48.640 Long memory of British colonization and so forth.
00:39:51.740 And it is a very sensitive, borderline dangerous decision for a leader in a Gulf country to say, okay, we're going to host the United States Air Force military and Marines right here on our soil.
00:40:06.020 And to me, the relationship never seemed easy.
00:40:09.420 I mean, a lot of those buildings on Al-Dafra are still temporary buildings.
00:40:13.360 You had Marines sleeping in tents like we never really could set up permanent shop there.
00:40:17.560 This is because Osama bin Laden, the whole thing of the attack on 9-11 was to get back at the—they're trying to overthrow the Saudi royal family because of the basing of American troops, the Christians during the Gulf War, which they thought was a sacrilege to the people that oversee the two holy sites of Mecca and Medina, right?
00:40:39.240 Exactly.
00:40:39.720 Exactly. Is it Qatar, is the relationship at Doha, is it Qatar, so they're so small and they were such in trouble, they've just totally sold out to the Americans, and so you don't have that problem in Qatar, whereas you've still got it, even with supposedly our strongest ally in the region, MBZ? 0.64
00:40:55.760 ed you know the theory the working theory as i've seen it is always among the the leadership class
00:41:03.340 in the gulf you get a big u.s base here it is it can be an anchor of safety it invests the u.s in
00:41:08.980 your country it ties your interests with them it's this form of cooperation and it's seen it was seen
00:41:15.520 now we got you know before the war in iran really changed the calculations and kind of changed the
00:41:20.680 game table. It was seen as an anchor of stability making a deal with the U.S. But it can it can also
00:41:28.360 cut the other way, particularly right now, where all of a sudden they start questioning it and
00:41:32.300 and and the political pressure here in the United States that we just want to get out of there. We
00:41:38.160 want to come home. Right. Is that going to is that going to upend the apple cart there? Not to state
00:41:43.480 the obvious. We are in a deeply contingent moment. You know, these bases that were seen as a shield
00:41:50.220 have now become a target that that base al-Dafra i just had a friend over there who said many of
00:41:55.820 the buildings i visited have have been uh ruined they were bombed and and the iranians haven't
00:42:01.080 exactly gotten all those reports have we we have not tell us about how bad it's really been
00:42:07.320 in saudi arabia i was told told and i'm still working on this but i mean there were soldiers
00:42:17.300 who when the air raids began had to run out into the desert away from the base they didn't feel
00:42:22.980 that there was enough security in the bunkers on the base i have talked to multiple um u.s service
00:42:29.060 personnel who talk about uh the the air raids the constant bombardment in countries like kuwait
00:42:35.900 and when we talk about uh over isn't it over 800 injured at this point yes some of those some of
00:42:43.020 those people have lost legs i mean we're not talking injured like you're talking real casualties
00:42:46.840 We're talking real injuries. We're talking extensive damage. I toured a building called
00:42:51.720 the Air Warfare Center in the UAE. There was a sort of a regional joint command where they would
00:42:57.580 train all these Gulf partners. From my understanding, that's gone. And the Iranians
00:43:03.140 have been very strategic in their targeting of hitting these U.S. assets and proving to these 0.56
00:43:10.180 Gulf allies of the United States, these assets are not safe. 0.99
00:43:14.340 If you have the foreign devils here, then you're going to pay for it. 1.00
00:43:17.460 That is exactly the message. 1.00
00:43:18.600 And we're going to get your population.
00:43:20.400 Okay, I want to take a short commercial break.
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00:43:23.640 I want to summarize this next and then talk a little bit about the bond market before we go.
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00:44:13.420 Short break.
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00:45:59.160 War Room. Here's your host, Stephen K. Vann.
00:46:03.600 Okay, Chris, you're the master of understatement, and you kind of got that Jimmy Stewart, you know, the great Midwest innocence about you.
00:46:13.180 When you say that we're in a contingent moment or a hinge of history, what do you mean, given your research, and you're going throughout the world?
00:46:21.220 Over the last 40 years, the United States has been engaged in a project with a very single-minded focus, which is to build a network of alliances with Gulf nations that keeps Iran on the outside and basically controls Iran in that region from our point of view.
00:46:39.340 And so we've built relationships with Kuwait, Bahrain, Saudi Arabia, United Arab Emirates. 0.54
00:46:45.220 This includes military bases, major multi-decade weapons sales.
00:46:49.340 And so we had this structure of alliances and power in the region.
00:46:53.320 The war in Iran has shattered the thinking and the consensus around whether that system can survive.
00:47:01.320 Our allies took real, real hits during this war.
00:47:05.840 I think the most effective strategy Iran enacted was to say we're not going to just hit U.S. bases. 0.97
00:47:12.880 We are going to hit all of their allies. 0.97
00:47:14.640 We are going to hit the major international airports in the United Arab Emirates.
00:47:19.340 We're going to hit oil fields in Saudi Arabia. 0.73
00:47:21.620 They have undermined this series of alliances, and they have hit our bases with missiles, drones. 0.50
00:47:29.740 They've destroyed billions of dollars in infrastructure,
00:47:32.780 and they've raised the questions as to whether even we, the United States, can protect those bases,
00:47:39.120 let alone the cities and skyscrapers of our allies near those bases.
00:47:44.440 Of the modern Las Vegas, Disneyland, Wall Street, Dubai.
00:47:48.260 Yes.
00:47:48.540 Well, there's one thing that struck me about all these Gulf countries.
00:47:53.660 You know, look at what the United Arab Emirates has built in 50 years.
00:47:57.080 I don't think there's anything like it in history. 1.00
00:47:59.760 But it's both an asset and a massive vulnerability.
00:48:03.900 Massive liability.
00:48:04.740 Yeah, and they've got to protect it.
00:48:06.500 And it was always thought of as an asset.
00:48:08.480 Never ever thought about the downside, the risk mitigation.
00:48:11.780 And so what these leaders are having to think right now,
00:48:14.160 Now, is being in the United States a security benefit or is it a liability?
00:48:19.480 What happens when MBS makes five phone calls and panic and say, hey, the Houthis, they're now trying to surround me and take the peninsula?
00:48:26.340 And President Trump says, hey, tough break for a swell guy.
00:48:29.420 Well, do you remember the strike that Iran did on the Saudi oil refineries in 2019?
00:48:34.200 And from the Saudi point of view, we did not come to their defense.
00:48:37.500 And that started changing calculations throughout the region.
00:48:40.480 That's happening again on a massive scale right now.
00:48:43.020 And there is a real open question as to whether the United States and its allies will rebuild these bases that were destroyed or whether the United States retreats from this region.
00:48:53.660 This week's, the cover of this week's Economist has, and we can put it up, Denver, has a silhouette of an American soldier taking his bags like he's going to an airport leaving Iraq.
00:49:04.760 How big a deal is that?
00:49:06.360 An enormous deal.
00:49:07.840 And let me say this, as you know, you know, I'm reporting on this thing back into the 40s.
00:49:11.460 here's why the Middle East matters. You look at the State Department documents, the planners,
00:49:16.360 just the pragmatic bare-knuckle thinking. It is the oil reserve that powers the global economy.
00:49:25.040 The United States doesn't necessarily want to own that oil. We don't care if Chevron or Aramco is
00:49:30.080 drilling it, but the United States' interest is that oil flows uninhibited to global markets.
00:49:34.600 That is why we've had military forces there since the 1970s and increasing since then.
00:49:41.460 a retreat from that region changes the geopolitical calculus. Honestly, could it be
00:49:48.440 good for the United States not to have the burden? Could it be bad for the United States to lose
00:49:52.700 control? These are enormous questions I have no answer. But what I'm saying is that a retreat
00:49:57.360 from this region is a geopolitical earthquake, what it would mean for us. You did the book on
00:50:07.040 the Federal Reserve. Are we over there just because we've got to defend the petrodollar?
00:50:10.500 Is it because of the U.S. dollar and the defense of the dollar as the prime reserve currency?
00:50:14.720 At this point, by this point, it's such a complicated intersection of alliances and history, close relationships with Saudi, with Israel.
00:50:25.780 It's also the oil issue is a driving issue, making sure that those oil supplies hit global markets in a reliable way.
00:50:33.320 you know this issue of the petrodollar as being one of the pillars of our entire financial system
00:50:41.800 is is such an enormous issue that hangs over this story uh from the very beginning and
00:50:48.560 suffice it to say if we lose this it changes our economic standing well we know so by the way
00:50:55.280 there's a debate you should have or whether we want to do it because it does make global
00:50:59.160 obligations, but you just can't. If you just do it like that, the country becomes Argentina.
00:51:03.900 The meltdown of the global bond market, we don't have time to go through it,
00:51:07.080 but you've got a word of wisdom. I'm going to get you back on the next week or so
00:51:10.160 from your home studio to talk about this. What is your concern right now about the global bond
00:51:15.200 market in the United States economy, given where we are geopolitically in this war?
00:51:19.260 I am very glad you're drawing your viewers' attention to this. I think it's
00:51:22.520 the most important issue in American politics right now. Let's put it this way. You read
00:51:27.160 The Lords of Easy Money, that book was a story about 10 years of effort to keep U.S. debt prices
00:51:33.620 contained or keep them low, keep that interest we have to pay on these treasury bonds low.
00:51:39.580 What is happening today is that the interest we have to pay to borrow money is rising outside
00:51:45.540 of our control. When the 10-year treasuries at 5253 or the 30-year treasuries hitting highs we
00:51:52.080 haven't seen us from 2002. Your warning is, unless we get our act together quickly, this thing could
00:51:57.820 spin beyond even the control of the United States. Yes. And, you know, as you know, our payments on
00:52:03.880 interest are already more than we pay for our entire defense budget. Overtrain dollars. These
00:52:08.560 riots in France of these kids, I've been telling you, it's directly tied to the financial crisis
00:52:13.320 France is going into. The rise of alternative for Deutschland and Germany, the economic crisis,
00:52:18.820 Nigel Farage and what's happening
00:52:20.820 in the United Kingdom, guess what?
00:52:23.120 The bond market turfed 1.00
00:52:24.820 out Liz Truss in about 60 or 90 1.00
00:52:26.780 days. The bond market has
00:52:28.840 turfed out more governments than
00:52:30.720 howitzers or THAAD missiles.
00:52:33.540 Honored to have you on here, sir.
00:52:34.780 Thanks for having me. Where do they go one more time?
00:52:36.480 Good talk. I'm at C. Leonard
00:52:38.460 News on Twitter, and my
00:52:40.700 website is ChristopherLeonard.biz. All my
00:52:42.680 articles go up there. Give me
00:52:44.700 that again, Christopher Leonard what?
00:52:46.700 ChristopherLeonard.biz.
00:52:47.980 Dot com was taken, man.
00:52:50.760 Somebody took Christopher Leonard trying to get you to pay for it.
00:52:54.280 Yeah.
00:52:54.800 OK, I'll be up on Getter all weekend.
00:52:57.000 There'll be activity, obviously, Real America's Voice, as the pool feed will be all over the president's trip.
00:53:04.440 I'll be back Monday morning, 10 a.m. Eastern Daylight Time.
00:53:07.140 Unless something breaks, then we'll get back up here right away.
00:53:11.260 I want to thank our Saturday sponsor, Birch Gold.
00:53:13.920 we're trying to immerse you in information we have eight free installments we've put out over
00:53:20.140 the last five years the ninth free installment is coming into the dollar empire we want to teach you
00:53:25.980 about Bretton Woods that world's economic and financial system and why the U.S. dollar is the
00:53:31.580 pillar underneath that why the 19th century was a time of populism and particularly agrarian
00:53:39.400 populism saying, hey, we don't know about these greenbacks. Understand populism and currency.
00:53:45.320 Birchgold.com slash bandit. End of the dollar empire. We'll see you back here Monday morning
00:53:51.040 at 10 a.m. Eastern Daylight Time. Christopher Lennon, thank you for being in the world with me.
00:53:56.080 See you Monday.
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