Bannon's War Room - March 28, 2025


WarRoom Battleground EP 735： Building Back A Christian Coalition; Congress Can Stop The H1B Chaos


Episode Stats

Length

55 minutes

Words per Minute

160.43108

Word Count

8,942

Sentence Count

840

Misogynist Sentences

9

Hate Speech Sentences

21


Summary

In this episode, we take a deep dive into why China is the world's fastest growing economy and why the US is the worst economy in the history of the world. We cover how China got there, why the U.S. is not, and why we should be worried about it.


Transcript

00:00:00.000 We'll be right back.
00:00:30.000 There's nothing about the people. The people have had a belly full of it.
00:00:33.780 I know you don't like hearing that. I know you've tried to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
00:00:39.120 And where do people like that go to share the big line? Mega Media.
00:00:43.860 I wish in my soul, I wish that any of these people had a conscience.
00:00:49.260 Ask yourself, what is my task and what is my purpose?
00:00:52.420 If that answer is to save my country, this country will be saved.
00:00:59.260 War Room. Here's your host, Stephen K. Bannon.
00:01:09.460 Good evening, everyone. Dave Brat sitting in with the great Stephen K. Bannon.
00:01:14.040 I've been watching the shows all day. Natalie Winters just teed it up.
00:01:18.300 We've got a great show for you. We're going to hit gold.
00:01:21.700 We're going to hit the Judeo-Christian West. We're going to hit immigration hard.
00:01:26.340 I'm going to start off and try to frame the economics.
00:01:30.160 Stephen K. Bannon, there's no one better at doing the geopolitics and the economics.
00:01:34.000 But I'm going to run through some charts that I think connect all the dots, right?
00:01:39.820 A lot of people are taking cheap shots at tariffs and this kind of thing, but they can't connect the whole story.
00:01:45.580 So I'm going to try to give you one whole story for the first part of this segment with the data from way back,
00:01:52.380 connecting everything from productivity to trade to tariffs to human capital to growth theory to the debt and money, gold, everything.
00:02:02.980 And so get out your number two pencil and here we go.
00:02:06.520 Denver, if you want to pull up the first chart, let's start off with a real long run.
00:02:10.820 All of human history made $1,000.
00:02:12.940 And all these charts are going to be at Brat Economics on Getter and Brat Economics on X.
00:02:19.200 So share them with your young people and have them follow these charts along with the video presentation we're going over right now
00:02:26.440 because it's key that everybody knows this.
00:02:29.000 This is 1981.
00:02:31.260 The two giant red balls are population weighted, so that's obviously China and India.
00:02:36.280 They're only making about $1,000 a year back 40 years ago.
00:02:41.200 The U.S. and all those yellow dots to the right are Western European countries, also called the Judeo-Christian West.
00:02:50.700 That Judeo-Christian West brought you a lot of nice things like science, freedom, human rights, democracy, only out of the Judeo-Christian West.
00:03:02.680 So it's very important, War Room.
00:03:04.140 The folks who think about religion, religion is not about saying you're holier than thou or whatever.
00:03:11.120 In fact, it's saying the other.
00:03:12.400 It's saying we're all fallen, we all need help, and we're going to structure government a certain way.
00:03:16.760 So I'm not going to get into all that, but I just want to forward, watch those two red balls as we go from 1980 all the way up to today, 2023.
00:03:25.240 Denver, next slide.
00:03:27.680 There you go.
00:03:28.580 China and India went from $1,000 up to about $15,000, $16,000 to $25,000 for China.
00:03:36.700 They are growing very fast.
00:03:39.880 So this is the context that you'll never hear on any other program, right?
00:03:44.440 This is why President Trump is doing what he's doing.
00:03:47.480 I'm going to go over how China got there, what the U.S. is doing that's slowing us down.
00:03:52.420 I think you all know, you all watch this show, you're all highly educated.
00:03:56.020 But again, the probability of all those yellow balls, according to Bradford DeLong of Berkeley, so I doubt he's a Presbyterian, right?
00:04:04.580 So I'm giving you real data here over the long-run Western trajectory.
00:04:10.040 The probability of those yellow balls randomly being the richest countries in the world is 1 in 10,000, according to Berkeley.
00:04:17.960 And this is everybody I'm giving you is the Nobel laureate winning economic growth, folks, for the whole show.
00:04:25.600 All right, so now let's go into the more standard economics of today.
00:04:29.820 Denver, the next chart.
00:04:32.520 Here, I'm just covering this in two seconds, but here's the money supply.
00:04:37.380 Fred, when you see Fred up there, that's the Federal Reserve data.
00:04:40.420 So you see anything that looks a little peculiar on that graph?
00:04:42.900 There's M1 or M2 over the last 30 years, and all of a sudden, there's a catastrophic blowup, right?
00:04:51.160 All from the 07-08 bailouts.
00:04:54.780 The Fed takes an activist role.
00:04:57.300 It prints money any time the federal government wants to spend money.
00:05:00.620 It validates and justifies all the government budget deficits, $2 trillion a year.
00:05:06.780 And there you see M1 and M2 just blowing up at the end of that chart.
00:05:11.440 That's the Federal Reserve.
00:05:12.980 They have not been audited yet by Doge.
00:05:15.340 I hope Doge takes a good look at all the research economists who have goofed us all up, especially the middle class.
00:05:22.300 Next chart, Denver.
00:05:24.740 All right, there's the debt bomb, right?
00:05:26.920 We're up to $36 trillion.
00:05:28.320 We have more debt now than we did in World War II without World War II.
00:05:33.120 Of course, we have never-ending wars, and Steve covers that brilliantly every day.
00:05:38.960 But we've covered that pretty sufficiently, so I want to get to the tariff story coming up next chart, Denver.
00:05:47.900 Here's the untold story on the mainstream media, and here's what President Trump is trying to correct, and I'm all with him on this.
00:05:56.480 The graph on the left is the U.S. trade deficit at goods only, and, of course, it's blowing up over time.
00:06:05.140 It's getting bigger and bigger and bigger as you look at that chart, right?
00:06:07.780 That's the size of the deficit, right?
00:06:10.320 So we are not producing and exporting.
00:06:13.660 We're importing consumer goods and spending on consumer goods.
00:06:18.420 The rest of the world is making stuff.
00:06:20.820 And traditionally in economics, you say, okay, that's fine.
00:06:24.120 You know, we're consuming stuff, and that makes us happy.
00:06:26.420 But it turns out that innovation and research and development and capital equipment and all of those things necessary for a successful economy are very correlated with manufacturing.
00:06:39.700 And when you have deficits of that size ongoing, and that's where Lighthizer is very good.
00:06:45.380 Make sure you go watch the Tucker interview with Robert Lighthizer.
00:06:49.080 He is brilliant, does a great job.
00:06:51.440 I think just a few days ago, go see that.
00:06:54.300 Now, look at that on the same chart there.
00:06:56.880 Look on the right chart, and you'll see something very peculiar.
00:07:00.420 When Trump comes in on the right side, the pink side, you have huge deficits continuing.
00:07:05.420 You can't turn it around in a year.
00:07:07.340 But then the trade deficit goes down, down, down, right?
00:07:10.680 As you see those black bars getting smaller and smaller and smaller, Trump is making real inroads on the trade deficit.
00:07:18.340 And he is today as well, right?
00:07:20.900 Capital equipment is coming, screaming into this country, and Stephen Bannon covers that every day.
00:07:26.080 You know, $100 billion from Taiwanese chips, et cetera.
00:07:31.420 And so next chart.
00:07:32.980 And again, let's see anybody else tie all of these charts together.
00:07:37.360 Give a comprehensive story of how this all fits together.
00:07:40.740 So now you hear stories on Mexico and Canada and China.
00:07:45.300 Why is the U.S. doing this?
00:07:47.540 Well, on the far left graph, there's the Mexican trade deficit of the United States, that Mexico's trade surplus, it says on that graph, same thing.
00:07:58.200 Their surplus is our deficit.
00:07:59.940 And it's growing, growing, growing.
00:08:01.960 So as Lighthizer says, you know, it's not just, you know, having a deficit in a year.
00:08:06.520 It's sustained deficits over time.
00:08:10.840 The middle graph is Canada's trade balance with the U.S. blowing up lately, the deficit with Canada.
00:08:17.580 On the far right, I don't know if you can read all those, but blow that up when you can.
00:08:23.300 Up at the top, U.S. runs trade deficits with most countries.
00:08:27.680 Again, Lighthizer, that's the problem we're having here, right?
00:08:31.500 It's not a deficit with one country or another.
00:08:35.180 We have trade deficits with everybody.
00:08:38.200 And as I told you, all those nice properties go along.
00:08:41.400 Research and development, productivity, manufacturing, they're all tied together.
00:08:46.740 And so we cannot continue down this path.
00:08:50.020 And I'm glossing over it.
00:08:52.940 We've gutted our manufacturing system in the United States.
00:08:56.040 I think you all know that.
00:08:57.100 But we've gutted the wage rate for American workers because they're not working with capital anymore.
00:09:02.160 And we'll get to that story coming up.
00:09:04.240 Here's a few more charts.
00:09:05.480 Denver, next slide here.
00:09:08.200 Okay, on the far left, you may not know, trade is not a huge part of the U.S. economy.
00:09:13.440 That little purple sliver is U.S. imports.
00:09:16.000 It's 14 percent of our economy.
00:09:19.740 Now, that's going to be in stark comparison with some of the other countries you're looking at.
00:09:24.380 If you look at the middle graph there, we're comparing trade openness, trade as a percentage of GDP.
00:09:30.720 The U.S. is relatively small, as I just showed with that little purple bar.
00:09:35.300 But then going down, Mexico is much bigger percentage trade.
00:09:38.860 European Union is down in the middle.
00:09:40.560 China is bigger than the U.S.
00:09:41.760 And Canada is down there at the bottom.
00:09:44.320 Trade makes up 60 percent of their economy, GDP.
00:09:50.320 And so what's that related to in the news lately?
00:09:54.260 Well, if you're Canada, you know, there's saber rattling and their politicians are talking a big game.
00:09:59.660 They're beating their chests.
00:10:01.300 I don't think that's really a smart idea on their part, right?
00:10:04.540 When trade 60 percent of your economy and only 14 percent of our economy and we're a massive world power, if you're just using common sense, that makes no sense whatsoever.
00:10:17.800 I think this is part of President Trump's problem with some of the attitude adjustments around the world.
00:10:22.100 We've been paying for the post-World War II liberal world order, protecting the seaways, providing trade, providing military protection for everybody.
00:10:31.220 And all we're saying now is we want reciprocal tariffs, right?
00:10:35.220 We just want an even playing field.
00:10:37.500 And Lighthizer, by the way, goes through three options there, and they're very sophisticated.
00:10:43.660 He covers them because very common sense.
00:10:46.220 But he says in order to deal with the tariff and non-tariff barriers, which I'll cover in a sec, you're probably better off just using tariffs until we get this story straightened out.
00:10:59.340 And most of these charts are showing you what that means.
00:11:01.180 The far right graph is Canada, Canadian exports to the U.S. up there on the top is a percentage of GDP up at 19 percent, right?
00:11:12.280 Canadian exports, the stuff they send us, 19 percent of their economy.
00:11:18.340 Down at the bottom, you can't even see it's a little blue line.
00:11:21.080 That's our export percentage to Canada.
00:11:23.640 So if we get into a trade dispute with Canada, again, they're not, whoever's advising their trade folks to be yelling and blustering at us, not too good of advice.
00:11:36.020 At the bottom, we're down there at 1.7 percent.
00:11:38.520 That's 1.7 percent of a huge number.
00:11:40.800 But I'm just trying to show the leverage that Canada has on us.
00:11:44.520 It's not good.
00:11:45.560 The next chart is probably one of the most important in this tariff debate.
00:11:49.480 In addition to the deficit story, and you'll see arguments out there, pros and cons, but I'm trying to lay out the charts that make sense of this thing.
00:11:59.040 Here's free trade for the G20 countries.
00:12:02.060 So these are the rich 20 countries.
00:12:05.060 And these are the tariffs in the dark blue.
00:12:07.700 And then the non-tariff barriers, the way they exclude U.S. goods from coming into their countries.
00:12:15.260 Down at the bottom, the lowest tariff rates and the lowest non-tariff barriers.
00:12:20.040 So the most free trade country is the United States of America.
00:12:25.520 Right.
00:12:26.080 So we're the good guy.
00:12:27.700 We've been helping everybody.
00:12:29.160 And we're just not here in the right tone coming back from the rest of the world.
00:12:34.200 And so as you keep going up, there's Mexico, Japan, Indonesia.
00:12:39.560 Canada is quite a ways up.
00:12:41.080 If you look at Canada, there are two to three times tariff barriers against us, tariff and non-tariff barriers.
00:12:49.340 Most all those countries are at least 200 percent or 300 percent higher tariff and non-tariff barriers against us.
00:12:57.840 So when President Trump says we're going to do reciprocal tariffs, he's spot on.
00:13:06.040 And, you know, just interestingly, you know, all these countries have much higher tariffs.
00:13:10.860 And so when the left is going apoplectic and getting hyper about, well, this is going to destroy our economy.
00:13:17.600 Well, look at China up there.
00:13:19.200 They have three to four times the tariff barriers, tariffs, way higher tariffs, way higher non-tariff barriers against us.
00:13:27.080 And they were growing at 10 percent.
00:13:29.500 So, dear far left, economists, Financial Times, Wall Street Journal, could you please get your economists to explain this to us, America first types, because we're dying to hear it.
00:13:41.280 Next one.
00:13:42.100 Now, how does all this trade story apply to our lives?
00:13:45.280 On the far left, there you see the service industries kicking up.
00:13:51.100 We do have high value added, high wage, high salary services, lawyers and doctors and dentists and et cetera, the IT fields, software engineers, et cetera, right?
00:14:04.160 But as we've shown on the show numerous times, the distribution of income is stark.
00:14:10.220 And so a huge part of the decline of the middle class is that black line industry manufacturing.
00:14:17.140 It's going up until, guess when, about 1960 and then down.
00:14:22.120 And then on the far right, again, U.S. manufacturing jobs, you can see a massive decline starting at about 2000.
00:14:30.200 It started before that, right, with opening up to China, the World Trade Front.
00:14:34.980 But the U.S. manufacturing jobs on the far right dropping precipitously in the darker blue chart.
00:14:44.000 You can just see them going down, down, down.
00:14:46.740 Next chart, Denver.
00:14:48.040 Sorry I'm going fast through this, but I hope you will all get at this and train in the next generation.
00:14:57.980 Share these charts with the folks you know and share the war room because this stuff is just crucial.
00:15:03.400 I'm going to skim over a little of this, but our manufacturing data also and investment data, this has been lost in translation.
00:15:14.140 But the national accounts, the bureaucratic state has been adding everything in the way they calculate what counts as investment.
00:15:23.620 This will not shock the war room, but it may shock your neighbors.
00:15:26.660 And the average business person, I don't think, knows some of this stuff.
00:15:32.120 But the green energy stuff, the green stuff, Biden was proposing that all government spending, all government jobs, they count that as investment now, as capital investment.
00:15:45.420 And it's not free market driven.
00:15:48.180 It's not return on investment driven.
00:15:50.280 It was all politically driven through friends.
00:15:52.300 And you're seeing that the doge is showing that corruption.
00:15:56.080 And so I just wanted to put that up there.
00:15:57.900 But at the bottom, you see the value of manufacturing.
00:16:02.500 China is that, if you look down at that number four and a bunch of numbers after it, that's $4.5 trillion manufacturing output in 2023.
00:16:13.820 The U.S. is only at $2.5 trillion in manufacturing output in 2021, I think the last year they had data on that, in that setup.
00:16:27.220 And so China's clobbering us in manufacturing, and that goes along with capital investment and research and development that I said earlier has all those nice properties.
00:16:38.140 And I'm going to cover that in a minute.
00:16:39.240 Next chart, Denver, we've gone over this.
00:16:43.160 I'm going to go over this one pretty quick.
00:16:44.720 The jobs reports, you know, have the jobs data have just been grossly overestimated during the Biden years.
00:16:53.780 So they said 200,000, 250,000 every month.
00:16:57.540 If that was the case up at the top, you can read this and cover this later if you want.
00:17:02.420 That would approximate 12 million new jobs we should have had during the Biden years, right, if all those job reports were accurate.
00:17:11.500 They had an 850,000 job revision, oops, at the Labor Department, et cetera.
00:17:19.580 And so the full-time jobs, it turns out, is only 1.5 million over four and a half years.
00:17:25.660 1.5 million jobs, new jobs over four and a half years, not 12 million if you would have followed the data.
00:17:32.520 And the bottom chart there shows you that 41% of those new jobs were government.
00:17:38.560 The next charts I have said are the most important charts.
00:17:42.500 I've gone over these a thousand times on the War Room with all of you.
00:17:46.840 This is Bob Gordon, Northwestern University.
00:17:50.940 Again, I don't know his politics, but I doubt he's a War Room America firster.
00:17:56.380 This has been his life's work for 50 years.
00:17:58.220 He's well-respected in the macro profession by everybody.
00:18:02.320 So these data, and these data are also Brookings.
00:18:04.960 So this is not rightwing.com data for you lefties watching the show.
00:18:09.860 Here's productivity down for the last 70 years, right?
00:18:12.980 If you start in the top left and just go down, you used to have 5, 6, 7.
00:18:17.220 In the middle, you had 2, 3, 4.
00:18:19.300 Now you have 2% productivity.
00:18:21.420 And it's up a little bit the last few quarters.
00:18:23.420 I hope there's something good going on.
00:18:25.360 But the researchers at the Fed say there's not enough evidence yet to say there's a long-term change in trend.
00:18:31.500 So U.S. productivity, the amount of stuff you make per hour going down for 70 years in a row.
00:18:38.940 What's that get you?
00:18:39.900 Next chart, Denver.
00:18:40.820 I'm going to go through these real quick.
00:18:42.060 I've gone over these 100 times.
00:18:44.020 At the far right, overall productivity from 2022 to 2052, way out.
00:18:50.660 What is the, I think this is from CBO, Congressional Budget Office.
00:18:54.300 Yep, that's what it says up at the top.
00:18:56.780 1.7% productivity growth is what you should expect.
00:19:01.780 And so that would also suggest GDP growth probably at about 1.7 or 2%.
00:19:07.820 Next chart, Denver.
00:19:09.360 Federal Reserve two weeks ago comes out and says, oh, we got to downgrade the growth report.
00:19:15.540 We're down to, what number was I just saying?
00:19:18.420 2%, 1.7%.
00:19:20.620 And the Fed comes out two weeks ago and says down to 1.7%.
00:19:26.840 So the long-term trend in manufacturing, tariffs, China, the U.S., everything results in the same story.
00:19:35.260 That's what I'm trying to show here.
00:19:37.220 Everything's the same story.
00:19:38.380 Next chart, Denver.
00:19:40.000 Here's just confirmation.
00:19:41.440 CBO, real GDP growth at 2% for the next 30 years.
00:19:46.860 I think I'm going to gloss over the next one.
00:19:49.860 Denver, go forward one.
00:19:51.620 So there's the distribution of income.
00:19:53.840 The rich own everything.
00:19:55.000 You know that.
00:19:55.700 Next chart.
00:19:56.160 I think I'll just close on this one because I want to bring in our next guest who I think is ready to roll.
00:20:02.640 This, how do you solve it?
00:20:04.240 Okay, Dave, you keep giving us the Eeyore story.
00:20:06.860 The sky's falling.
00:20:09.060 Top graph, that's China.
00:20:10.600 That's China's growth in their capital stock.
00:20:13.300 Not financial capital, but capital stock.
00:20:16.180 They're at $100 trillion in capital in their hands.
00:20:19.760 It's going straight up like a rocket ship, right?
00:20:22.120 Exponential growth.
00:20:22.900 The graph underneath that is the United States of America.
00:20:25.880 We're slowing down.
00:20:27.540 We only have $70 trillion worth of capital to work with.
00:20:31.320 Guess who's solving that problem?
00:20:33.120 Guess who's bringing capital back to the United States of America?
00:20:37.580 President Trump.
00:20:39.380 And so I think I'm going to end it there.
00:20:40.960 I had a few more charts, but I got a superstar I want to get on with us right now.
00:20:45.880 And his name is Rod Martin.
00:20:47.960 Rod, are you with us?
00:20:48.760 Can you hear us?
00:20:50.160 I'm here.
00:20:51.680 All right, brother.
00:20:52.720 Very good.
00:20:53.480 Rod Martin is a business all-star in his own right.
00:20:56.760 He was one of the original folks back at PayPal.
00:21:00.420 Lawyer, very intelligent guy.
00:21:03.060 He's got a—I hope he'll share his blog and media with you when we close in this segment.
00:21:08.560 But I wanted him to come in also on the Baptist convention.
00:21:13.620 And first of all, he'll start off and just tell you how big it is, why it matters for politics
00:21:18.940 in this country.
00:21:20.600 And so I'm just going to let him take it from there.
00:21:22.540 Rod Martin, the floor is yours.
00:21:24.160 Give us a little overview of who is the Baptist church, the Baptist convention.
00:21:28.420 What does it mean to the success of the United States of America?
00:21:31.020 Well, very briefly, before I get into that, I just want to commend you for everything you
00:21:37.820 were just teaching your audience.
00:21:40.220 You're so right.
00:21:41.820 And I just wrote an article about this at rodmartin.org called The Free Traders Case for Trump's Reciprocal
00:21:47.960 Tariffs.
00:21:48.420 So we are completely in sync on that.
00:21:51.860 The Southern Baptist Convention is the largest Protestant denomination in the United States.
00:21:56.680 And believe me, the left knows it.
00:22:00.260 Sometimes the Christians don't fully realize what that means, but the left understands it
00:22:05.100 flawlessly.
00:22:06.380 The Southern Baptists have about 13 million members, which isn't that huge a number.
00:22:13.060 It's about 5% of America's Christians.
00:22:15.980 But it has six seminaries that educate one third of all the seminary students in this
00:22:22.780 country, which is just extraordinary, unbelievably disproportionate.
00:22:27.980 And of course, Dave, you're at Liberty, and you guys have a huge seminary too.
00:22:32.560 But the bottom line is that Southern Baptists steward these things, not just for themselves,
00:22:39.980 but for countless other denominations.
00:22:41.920 I had a Lutheran call me from Texas a couple years ago and say, we are so completely praying
00:22:48.540 for you Southern Baptists trying to keep the woke out of these seminaries because my pastor
00:22:55.320 was actually educated at the Southern Baptist Theological Seminary in Louisville, Kentucky.
00:23:00.520 You affect all of us.
00:23:02.360 And that's absolutely true.
00:23:03.880 So the fight for the SBC against the woke infiltration that you see in every other institution
00:23:09.780 is absolutely vital if you want to make sure that the pulpits are faithful in 10, 20, 25
00:23:17.160 years.
00:23:18.380 Right.
00:23:19.340 Right.
00:23:20.020 Good.
00:23:20.320 Some of the churches have been getting passive.
00:23:24.960 My own view is that a lot of this is related to just lack of theological understanding.
00:23:30.060 They haven't read the Bible in full.
00:23:33.280 The Christology is kind of aimed at Jesus only at 30 AD, not knowing that Jesus is part
00:23:40.120 of the Trinity, preexisting with God the Father, and was with God the Father through all of Israel's
00:23:45.920 kings and prophets and judges, et cetera.
00:23:49.760 And these days, Jesus is, it's kind of like your buddy.
00:23:53.140 You go out and get a Starbucks with him.
00:23:54.920 And even when I read the Gospels, you don't need to go to the temple and the tables.
00:24:01.200 He's very austere and tough, even on his closest disciples.
00:24:06.120 And so why is it that the Baptist church has so many folks going woke and getting soft?
00:24:11.600 And it's, you know, across the spectrum.
00:24:13.700 It's the Presbyterians.
00:24:14.900 I went to Princeton Seminary, and it's the Catholics.
00:24:17.100 What's going on?
00:24:19.200 Well, it's everywhere at once.
00:24:20.860 The left has been very deliberate about subverting churches, because from their point of view,
00:24:28.340 they have the major news media.
00:24:30.780 They have the universities.
00:24:32.640 They have the public schools.
00:24:34.460 They have your movie screen.
00:24:37.460 From their point of view, a pulpit is just one more screen.
00:24:41.200 And a huge percentage of Americans are sitting in front of that pulpit every single week.
00:24:47.160 If you could influence what they're thinking from that pulpit, it's transformative for the socialist cause.
00:24:54.740 So that's what they're doing.
00:24:56.080 Now, I have to say, and of course, as you know, I'm a recent officer of the executive committee of the Southern Baptist Convention.
00:25:02.760 So I know a preacher or two.
00:25:04.760 And I can tell you, most of the Baptists in the pew are perfectly fine.
00:25:11.240 I mean, they may or may not be deep from a Christian perspective, but they believe the right things.
00:25:18.860 They are in the right direction.
00:25:20.760 They haven't been affected by this tremendously.
00:25:23.640 But an increasing number of their pastors are.
00:25:27.400 And that problem in the seminaries has to be addressed.
00:25:31.800 Yeah, good.
00:25:32.760 About a minute to go till break, Rod.
00:25:34.440 How do you fix it?
00:25:35.460 What's the fix?
00:25:38.040 Well, in Southern Baptist life, it's just being involved.
00:25:41.140 We control all of our boards of trustees at the annual meeting by elections.
00:25:46.740 So none of these people have to be there.
00:25:49.280 And they can all be dumped if they need to go.
00:25:52.340 So Christians in Southern Baptist churches in particular need to turn out to the annual meeting every year, really every year.
00:26:00.940 It's staggered.
00:26:02.720 So it takes a few years to turn over a board of trustees.
00:26:06.260 But it matters.
00:26:07.500 And it's important.
00:26:08.640 We steward $12 billion in giving every single year.
00:26:14.400 That needs to be in the hands of the faithful.
00:26:16.420 Good.
00:26:18.760 45 seconds, Rod.
00:26:20.140 What's a Christian's place in the politics?
00:26:24.760 The Christian's place is everywhere.
00:26:27.080 You know, the idea that there's some kind of separation between government and God is just foolishness.
00:26:33.240 Of course, the government should not be establishing churches.
00:26:36.840 But churches should be involved in their civic life and in every sphere.
00:26:41.120 And we absolutely have to get back to a culture where that's self-evident.
00:26:46.500 Great.
00:26:49.080 That's Rod Martin.
00:26:50.180 We're going to have him on many more times.
00:26:52.280 Rod, stay with me after the break for a minute.
00:26:53.940 I want you to share your full social media and how people can learn about what you're trying to share, not just for the Baptist church, but for the entire Judeo-Christian West.
00:27:04.080 Rod Martin, and we're going to break.
00:27:06.740 Hold over with us.
00:27:08.380 We've got a couple of great guests coming at you.
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00:30:52.840 Here's your host, Stephen K. Bannon.
00:30:59.160 All right.
00:31:00.240 Welcome back to The War Room.
00:31:01.580 Dave Bratt sitting in for the great Stephen K. Bannon.
00:31:04.300 All political views are my own.
00:31:05.980 We have Rod Martin in.
00:31:07.440 And he's going to give us his social media.
00:31:10.360 Rod, any closing comments for a minute?
00:31:12.480 And then how do folks reach you?
00:31:14.860 And Rod is prolific, by the way.
00:31:16.700 Every day he's putting out really good stuff.
00:31:18.700 So, Rod, share the links.
00:31:21.560 Well, we'd love to have everybody come to rodmartin.org.
00:31:25.200 That's rodmartin.org.
00:31:27.100 We offer geopolitical, economic, and technological analysis every day in-depth from a Christian worldview.
00:31:35.920 There's nothing else like rodmartin.org on the Internet, and you really want to be part of that.
00:31:41.760 Also, you'll notice up in the corner of that screen, you can reach my X.
00:31:45.820 We've grown by about 100,000, 150,000 followers in the last two months.
00:31:50.880 There's a reason.
00:31:51.580 So, go to rodmartin.org and also click on the link for X.
00:31:57.360 Yeah, Rod, thanks for all you do for the church, for the Baptists, for the country.
00:32:02.020 God bless you.
00:32:02.700 Thanks for being with us.
00:32:04.240 Thank you.
00:32:04.840 All right, folks.
00:32:07.560 One of my longtime friends, one of, if not, I'm not saying this, right?
00:32:13.620 You know I was in a severe fight up in the swamp.
00:32:17.800 One of the people I relied on when it came to the immigration sphere is Rosemary Jenks.
00:32:25.120 Rosemary, welcome to the program.
00:32:26.620 Why don't you start off, tell us the organization you're with now, what you do,
00:32:31.700 and then some of the bombshells you're working on right now.
00:32:35.740 The Immigration Accountability Project, and we're a new organization.
00:32:40.700 We need all the help we can get.
00:32:41.980 Our website is iaproject.org.
00:32:45.000 We are working to hold members of Congress accountable for their actions.
00:32:49.220 We're trying to support the Trump administration in everything it is doing
00:32:53.120 to seal the border and deport illegal aliens.
00:32:57.640 We are also focused, however, on reducing legal immigration.
00:33:02.060 And while I can tell you that the border numbers are down to historic lows, which is wonderful,
00:33:10.160 and we're deporting criminal aliens, despite the court orders that are trying to block this,
00:33:16.480 We do, however, have a crisis on our hands with legal immigration, and especially for our high-tech workforce.
00:33:25.300 American high-tech workers are at their wits' end right now with the massive numbers of H-1Bs and L-1s
00:33:35.020 and various other visas coming into the United States and taking American jobs.
00:33:40.280 American STEM workers are actually blocked from getting American jobs by the sheer number of these foreign workers.
00:33:48.440 And I want to say to your audience that our friend Paul Gosar from Arizona has introduced a bill called—
00:33:56.540 It's H.R. 2315.
00:33:58.780 It's called the Fairness for High-Skilled Americans Act.
00:34:02.760 And what it would do is eliminate the OPT program.
00:34:07.680 The Optional Practical Training is a program that was created by Executive Fiat under the W. Bush administration,
00:34:15.080 and it has no basis in law, but it allows hundreds of thousands of foreign graduates from American universities
00:34:25.040 to get U.S. jobs, and employers are actually subsidized to hire these foreign students over Americans
00:34:33.220 because they don't have to pay Social Security taxes for these students.
00:34:37.640 So this is a government-subsidized program that displaces American college graduates.
00:34:45.880 It is absurd.
00:34:47.480 And so God bless Paul Gosar for introducing this bill, H.R. 2315.
00:34:52.980 Please, please, please call your members of Congress and ask them to support this bill.
00:34:57.600 This is the very least we need to do to stop the pipeline between foreign students and H-1B visas
00:35:05.600 that are decimating our American tech workers.
00:35:09.520 Yep, very well said, Rosemary.
00:35:11.540 Do you have that information posted on your website?
00:35:13.700 And if so, tell people how they can find that piece with Paul Gosar.
00:35:17.700 He's a great guy, great friend of mine in Congress, and a great leader on immigration.
00:35:22.760 He's amazing.
00:35:23.840 We have a member accountability page on our website that tracks every immigration bill
00:35:29.140 that every member of Congress introduces.
00:35:31.320 So you can find his bill under his name if you just you can filter by his name or Arizona.
00:35:37.800 We also have fact sheets on our site about the OPT program and about the H-1B program
00:35:43.940 and various other visas that are taking American jobs.
00:35:48.000 And, you know, we have to be clear here.
00:35:49.700 We can't blame the foreign students or the H-1B visa holders.
00:35:54.920 The blame lies squarely with Congress because Congress sets immigration law.
00:36:01.780 Congress is the one who set up this system that is being exploited and abused to harm American workers,
00:36:09.180 and it needs to end.
00:36:11.540 Yeah, I agree with you, Rosemary.
00:36:13.700 I'm going to add a little caveat because I was in there, too.
00:36:16.640 So I blame the Congress folks who are voting terrible.
00:36:19.740 They're not voting for the American people.
00:36:21.320 They're voting for rich elites.
00:36:24.940 But I do hold the American people responsible as well on this because they keep putting these elitist,
00:36:32.660 terrible immigration policy folks in office.
00:36:36.280 And so perhaps you could tell us a group that tries to hold these politicians accountable on immigration.
00:36:43.800 Is there such a group out there?
00:36:45.260 There is.
00:36:46.820 And how do you do it?
00:36:47.820 How do you do it?
00:36:49.040 Yeah.
00:36:49.580 It's called the Immigration Accountability Project at IAProject.org.
00:36:54.920 And what we are doing is calling out members of Congress publicly for their votes.
00:36:59.780 Good.
00:37:00.280 Good.
00:37:00.760 Just this week, several Republican members of Congress had a press conference with several Democrats
00:37:08.160 to talk about the need to pass an amnesty.
00:37:11.360 I mean, it is astonishing in this day and age that Republicans are still supporters of cheap
00:37:18.340 labor.
00:37:19.040 It's crazy.
00:37:20.320 And yet these Republicans, Maria Salazar was leading the way.
00:37:23.920 And they want to pass amnesty because who's gonna mow your lawn?
00:37:28.700 Who's gonna clean your toilets?
00:37:30.560 I mean, it's the same old thing that who's gonna pick your cotton?
00:37:33.840 Hmm, this is crazy.
00:37:35.400 Republicans should be doing better and American voters have to hold them responsible.
00:37:41.520 So our purpose is to make sure that you, the voters, know exactly what your member of Congress
00:37:48.400 is doing so that you can tell them, no, this will not fly.
00:37:53.620 We will not have this anymore.
00:37:55.700 It's time to put American workers first.
00:37:57.860 If America first means anything, it has to mean Americans first.
00:38:05.180 Yeah, spot on.
00:38:06.960 And so, you know, if we get the information you just listed in the hands of the American
00:38:12.800 people, I think they will vote the right way.
00:38:14.860 I don't, I don't, you know, it's like Steve always says, low information voters.
00:38:18.460 It's nothing against the workers.
00:38:19.740 They're taking care of their family.
00:38:20.880 They're shopping.
00:38:21.440 They're doing sports with the kids.
00:38:22.720 They're going to church.
00:38:24.480 But we need to do a better job.
00:38:26.200 How can the folks listening be forced multipliers and spreading the word on your group?
00:38:33.740 Can they write op-eds and share the basic information you have posted?
00:38:37.600 How can they share it with people that may not watch the war room?
00:38:41.180 One of the best things that people can do is actually download the fact sheets that we
00:38:46.320 have on our website on the resources page and share those because, you know, we need
00:38:51.700 to educate more Americans on the damaging effects of what these visas actually do.
00:38:57.720 And also every one of the fact sheets has recommendations both for the administration and for Congress
00:39:03.460 on how they need to fix these programs.
00:39:06.020 So sharing that information is key.
00:39:09.100 We also have a fact sheet on the entire legal immigration system that shows all of the green
00:39:15.340 card categories, the permanent legal residents, and also all of the temporary worker categories.
00:39:21.840 And you will be astonished if you look at that page because there are far more guest worker
00:39:27.180 programs than anyone ever thought.
00:39:29.540 Yeah, in closing, Rosemary, just give some of the gross numbers to motivate everyone.
00:39:36.300 Again, over the Biden years, how many illegals entered the country?
00:39:41.220 Probably around 10 million entered the country.
00:39:45.380 We have right now the foreign-born population as of January was almost, I think it was almost
00:39:51.260 48 million people at over 15 percent, which is the highest it has ever been, including at
00:39:59.720 the turn of the 19th century during the Great Wave.
00:40:02.460 We are now higher.
00:40:04.220 We are at historic highs.
00:40:06.640 No country has ever survived this kind of foreign influx without severe and often permanent
00:40:15.440 damage.
00:40:16.300 So it's time to bring this under control.
00:40:18.860 It's time to reduce mass immigration.
00:40:21.900 Mass immigration is a thing of the past.
00:40:24.180 We need to recognize that, and we need to protect American workers.
00:40:29.780 Yeah, and we're seeing the empirical evidence.
00:40:32.380 I covered some of the economics across the board, but Europe is dying for this reason, cheap among
00:40:37.740 them.
00:40:38.840 And so I encourage everybody, if this is your issue, there's nobody better than Rosemary
00:40:43.040 Jenk.
00:40:43.460 She's an activist on Capitol Hill.
00:40:45.140 When she comes to the offices, the folks squirm, right?
00:40:48.560 They're busy taking checks, right?
00:40:50.800 Half of them are busy taking checks all day, and they're not held accountable.
00:40:55.640 That's got to change, right?
00:40:57.340 The only way that's going to change is if you, the American citizens, and I know you're
00:41:00.700 overworked and Steve's got you manning the walls every day, right?
00:41:05.280 I'm calling into the Congress and the senators on the budget and all sorts of issues.
00:41:09.460 But immigration is one of the big three, right?
00:41:11.580 It's the endless wars, the budget, inflation, et cetera.
00:41:14.160 And then immigration, it's in the top three concerns of the Trump agenda.
00:41:20.280 And so please help out, Rosemary.
00:41:21.960 Rosemary, in closing, where do they get you one more time and how can they support you?
00:41:26.680 IAProject.org is our website.
00:41:29.100 All of our social media is linked through that.
00:41:31.440 We're very active on Twitter and YouTube and Instagram and all of the others.
00:41:35.060 So we hope that everyone will support us.
00:41:38.900 Download the fact sheets, share them with everyone you know, and call your elected officials.
00:41:43.680 This is our country.
00:41:44.720 We have to save it.
00:41:46.080 It's up to us.
00:41:48.060 Yep.
00:41:48.580 And that will save the country.
00:41:49.880 Rosemary, God bless you.
00:41:50.820 Keep up the great work.
00:41:51.720 Thanks for being with us.
00:41:53.400 Thanks, Dave.
00:41:55.000 You bet.
00:41:55.820 All right, folks.
00:41:56.580 So we're going to do a couple ad reads.
00:41:58.260 I kind of got derelict in my duties.
00:42:00.120 I got rusty.
00:42:00.900 I haven't been co-hosting the show enough.
00:42:03.340 Debra, can you put up Birch Gold?
00:42:06.320 Our good friends at Birch Gold, we got the gold guy coming in.
00:42:09.320 Kevin Freeman's next up, and he's doing some great stuff for our country when it comes to
00:42:13.740 gold in the States as a currency, a legal tender currency.
00:42:19.460 Birchgold.com slash Bannon or text Bannon to 989898.
00:42:26.620 You all know Philip.
00:42:28.140 He's been around on the War Room forever.
00:42:30.960 They are doing some great work.
00:42:33.340 We don't give investment advice on the War Room, but in times of instability, which we're
00:42:40.980 living on, Birch Gold, you call them up, get their counsel on why gold can provide you
00:42:47.980 some stability in these rough times.
00:42:51.620 Also, Rickards, RickardsWarRoom.com.
00:42:55.180 Make sure you look up Rickards.
00:42:56.680 He's great on the economics and the geopolitics.
00:43:00.080 Steve loves having him on as well.
00:43:02.160 And finally, another one of our supporters every day is Jace Medical, J-A-S-E.com, promo code
00:43:11.540 Bannon, Jace Medical, J-A-S-E.com, promo code Bannon.
00:43:17.980 Now, you see these guys support in the War Room.
00:43:20.060 Please support them.
00:43:21.680 They're on explaining the product, the safety.
00:43:24.420 The pharmaceuticals are monopolized around the world.
00:43:28.760 Jace Medical, J-A-S-E.com, promo code Bannon, gives you some confidence with those monopolies
00:43:37.380 of pharmaceuticals abroad.
00:43:39.240 Rod, get yourself prepared just in case.
00:43:43.240 With that, we're going to my good friend for many, many years, friends of Rod Martin also,
00:43:48.480 Kevin Freeman.
00:43:49.420 He's got a book called Pirate Gold.
00:43:51.320 Kevin, I'm just going to let you get right into it.
00:43:53.720 What are you doing?
00:43:54.940 What are the most important things you're working on that are going to help save this
00:43:58.360 republic when it comes to gold?
00:44:00.220 Kevin.
00:44:00.760 Yeah.
00:44:00.940 All right.
00:44:01.840 Thanks, Dave.
00:44:02.420 A couple of things.
00:44:03.320 One is Rod.
00:44:04.440 Yeah, I spent the weekend with him.
00:44:05.640 I went to church with him.
00:44:06.620 He's a great friend, a great guy.
00:44:08.560 Great, great.
00:44:09.400 Rosemary, I watched her.
00:44:10.600 I've known her for a long time as well.
00:44:12.360 She's fantastic on immigration.
00:44:14.080 Thank you for highlighting her excellent work.
00:44:16.780 What we're working on is one of the top initiatives, which is inflation.
00:44:20.620 And inflation comes not because prices are going up, but because the buying power of the
00:44:25.020 dollar is going down.
00:44:26.940 In my lifetime, just since I was 10 years old, the dollar has lost 90% of its purchasing power.
00:44:33.260 And it's caused this incredible wealth gap that we're experiencing.
00:44:37.060 I mean, if you threw a chart up with M2 and the top one-tenth of one percent of the wealthiest
00:44:42.200 people in the world, you would see that they go in tandem.
00:44:46.060 The more money we create, you're an economist, Dave, you know the Cantillon effect.
00:44:50.140 The more money we create, the people closest to the money being created tend to make money
00:44:54.840 from it, but the average citizen get hurt by inflation.
00:44:58.320 And so you see the bottom 50%, the bottom falling out.
00:45:01.620 They've lost wealth over time.
00:45:04.040 So that's an important part.
00:45:06.180 Go over that one main effect.
00:45:07.640 When you said, since you were born, you've lost 90% of your purchasing power.
00:45:11.520 People are going to say he's exaggerating.
00:45:13.800 What's the evidence for that?
00:45:15.060 It is true.
00:45:16.060 What's the evidence?
00:45:17.700 Well, the Consumer Price Index.
00:45:19.700 You can look at that.
00:45:20.460 Or you can take a Hershey bar.
00:45:22.200 When I was 10 years old, I bought a Hershey bar for a dime.
00:45:25.380 Go buy a Hershey bar.
00:45:26.740 It's going to be $2, $3.
00:45:29.100 That's what's happened to our money.
00:45:31.140 And it's on McDonald's cheeseburger.
00:45:33.460 In the last five years, just think about this.
00:45:35.320 In the last five years, the average cost per person at a fast casual restaurant in 2020
00:45:40.280 was about $10 a person, $40 for a family.
00:45:44.540 Today, it's $60 for a family, $4, $15 a person.
00:45:48.240 By the way, during that same period, the gold has increased by an equal 50%.
00:45:55.040 In fact, gold hit a new all-time high today.
00:45:57.920 Gold protects purchasing power.
00:45:59.900 And you can see that if you put a chart up that shows the U.S. federal debt, and we're
00:46:04.840 now almost $37 trillion, and then match it with the gold price over the same period.
00:46:09.280 And while the gold will go up and down over the long term, it matches the trend line of
00:46:14.720 the U.S. federal debt because we print too much money.
00:46:16.940 When you print too much money, the net result is the value of that money goes down.
00:46:21.060 So the article in the Constitution, the founders put Article 1, Section 10, and I'll read it.
00:46:26.700 It says, no state shall make anything but gold and silver coin a tender and payment of debt.
00:46:32.280 So I wrote the book Pirate Money to explain how a state can make gold and silver money.
00:46:36.800 And one of the states, Utah, passed a bill, HB 306, put it on the governor's desk.
00:46:42.400 It was bipartisan legislation.
00:46:44.240 I mean, it passed unanimously in the House and only four dissenting votes in the Senate.
00:46:48.620 So it was 93 to four overall, bipartisan, lots of Democrats, lots of Republicans.
00:46:53.960 And you know what the governor did last night?
00:46:55.860 He vetoed it.
00:46:57.960 He vetoed it because he says he doesn't want Utah to be leading in this.
00:47:02.800 He vetoed it and said he regrets last year's bill that Ken Ivory passed, which said that the state Rainy Day Fund could invest in gold.
00:47:10.980 Well, guess what?
00:47:11.620 They did invest in gold at $2,300 an ounce.
00:47:14.380 It's $3,100 an ounce today.
00:47:17.540 And they've made all this money.
00:47:19.040 And the governor regrets it.
00:47:20.420 That's Governor Spencer Cox.
00:47:21.700 If you're in Utah, get on the phones and call him and tell him that you disagree with that and then call your Utah legislator.
00:47:27.800 Tell him to override it because they should override it.
00:47:31.160 This is the first bill in history that I know of that a majority, a unanimous vote from the party of the governor voted for something and then the governor vetoed it.
00:47:43.320 I've never heard of anything like that before.
00:47:45.360 It's just crazy.
00:47:46.380 But we have bills in Kansas that have passed the Senate going to the House.
00:47:50.580 That was Mike Murphy passed his bill.
00:47:52.400 In Oklahoma, it's passed the House and it's going to the Senate.
00:47:55.400 In Florida, it's in the middle of it.
00:47:57.780 I'll be back in Florida meeting with the governor's staff and the Senate Banking Committee on Monday.
00:48:01.720 I was there all last week.
00:48:03.080 And in Texas, we just had a hearing in the Texas state affairs.
00:48:07.660 And what this will do, if we pass this legislation, it'll make it possible for individuals to hold gold and silver as money and buy as little as a penny's worth or a million dollars or $10 million.
00:48:18.520 Hold it in the form of real gold that's vaulted and protected and defended, and then they can spend it with a debit card.
00:48:26.680 All of this is explained in my book, Pirate Money.
00:48:29.580 It works.
00:48:30.300 The technology is here.
00:48:31.700 The legislature wants it.
00:48:33.020 They had a vote on this in Texas.
00:48:34.740 They said, do you want this?
00:48:35.740 And it received 76.5% of Texans voted in favor of 1.6 million Texans said, yes, I want that.
00:48:46.020 And of the 23% that voted against it, we've talked to a bunch of them.
00:48:49.980 They said, well, I just didn't understand it.
00:48:51.240 I want that.
00:48:51.800 I want to be able to spend gold and hold my money in the form of gold.
00:48:54.760 Poor people can't normally buy gold.
00:48:56.560 It's difficult to buy.
00:48:58.740 With this, you could hold it like a checking account and spend it like a debit card.
00:49:02.980 And you could have a dime's worth, $10, $100, $1,000.
00:49:07.300 You can put $5 a week aside in gold, and you could have that preserving your purchasing power.
00:49:12.260 This is the new form of money.
00:49:14.120 We've taken it to the president.
00:49:15.820 We got a thumbs up from him casually.
00:49:18.840 We hope to get him to put an ex-post or a tweet out that's saying we should do this.
00:49:23.560 President Trump, if you're watching and you ought to be watching, this is a program you should do.
00:49:28.620 Yeah, so let's simplify this just to get – so people can picture it, right?
00:49:35.100 So over the Biden years, people lost about 20% of their purchasing power, right?
00:49:40.600 9% in one year.
00:49:41.880 Inflation was 9, then 5, 4, 3, 2, whatever.
00:49:44.400 So 20% of their purchasing – if you would have had gold, and you had gold in an account, and then you're hooking up –
00:49:52.080 tell people that you can actually do this today, there's – how do you make it transactional with that credit card?
00:49:58.040 So you can hold gold, use that gold base as your currency, use your credit card to go make purchases.
00:50:03.540 How does that work?
00:50:05.100 Yeah, actually, it's a debit card, and there's a commercial application called Glint.
00:50:09.600 I use Glint, but there are others, Knessus and others, that are developing this.
00:50:13.880 Let's just imagine it's 2020, you take your family to dinner, and it costs you $40, and then you put some money in gold so that five years later, you ought to be able to take your family.
00:50:24.780 It took 1 50th of an ounce of gold to pay for your dinner in 2020.
00:50:29.100 It takes 1 50th of an ounce of gold to pay for your dinner in 2025.
00:50:34.760 So that's $60 or 1 50th of an ounce, 3,000 divided by 50.
00:50:39.700 But here's the problem.
00:50:40.780 If you do it using this commercial application, you've actually invested in gold, and then you have to pay capital gains tax on that sale or when you use it.
00:50:51.820 Now, fortunately, your sponsor, Birch Gold, they've got ways you can avoid the taxes, putting it in IRA and so forth like that.
00:50:58.940 But for spending money, you're going to have to pay tax.
00:51:02.120 If you put a debit card offer together, then you can just go spend it.
00:51:06.840 You just take it on a MasterCard.
00:51:08.220 I bought – I caught Marnie, my wife.
00:51:11.340 She was buying stuff on Amazon.
00:51:12.920 I said, why are you spending it on my gold card?
00:51:14.780 It was being paid for in ounces of gold.
00:51:17.240 It's easy.
00:51:18.060 It's a debit card.
00:51:19.180 It's easy to do.
00:51:20.620 You can learn more at economicwarroom.com, transactionalgold.com.
00:51:25.360 That's it.
00:51:26.100 Kevin Freeman, what he's saying is real.
00:51:28.720 Get his book, Pirate Gold.
00:51:31.060 He spent many years.
00:51:32.520 I didn't introduce him properly.
00:51:34.340 He's long-time, ran major funds, expert in the field, good friend, ethical friend.
00:51:40.540 So look at pirate money, Kevin Freeman.
00:51:43.940 Thanks for being with us, Kevin.
00:51:45.400 All right, folks, I'll be with you again soon.
00:51:47.720 In the meantime, keep up the fight and share the war room with all your friends.
00:51:51.360 God bless.
00:51:51.920 The April 15th tax deadline is coming, and it's coming fast.
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