Bannon's War Room - WarRoom Battleground EP 738： Liberation Day Becomes The Start To A True American Economy

00:00:00.000 My fellow Americans, this is Liberation Day, waiting for a long time.

00:00:22.880 April 2nd, 2025 will forever be remembered as the day American industry was

00:00:29.920 reborn, the day America's destiny was reclaimed, and the day that we began to make America wealthy

00:00:38.200 again.

00:00:39.200 Going to make it wealthy, good and wealthy.

00:00:43.280 This is one of the most important days, in my opinion, in American history.

00:00:49.160 It's our Declaration of Economic Independence.

00:00:52.900 For years, hardworking American citizens were forced to sit on the sidelines as other nations

00:00:58.520 got rich and powerful, much of it at our expense.

00:01:02.900 But now it's our turn to prosper, and in so doing, use trillions and trillions of dollars

00:01:08.920 to reduce our taxes and pay down our national debt, and it will all happen very quickly.

00:01:15.120 With today's action, we are finally going to be able to make America great again, greater

00:01:20.700 than ever before.

00:01:23.080 For decades, our country has been looted, pillaged, raped, and plundered by nations near and far,

00:01:33.200 both friend and foe alike.

00:01:36.080 American steelworkers, autoworkers, farmers, and skilled craftsmen, we have a lot of them

00:01:41.080 here with us today.

00:01:43.320 They really suffered gravely.

00:01:45.100 They watched in anguish as foreign leaders have stolen our jobs, foreign cheaters have

00:01:51.120 ransacked our factories, and foreign scavengers have torn apart our once beautiful American 1.00

00:01:57.600 dream.

00:01:58.600 We had an American dream that you don't hear so much about.

00:02:00.980 You did four years ago, and you are now, but you don't too often, for many years and decades

00:02:06.860 even, you didn't hear too much about.

00:02:09.620 Our country and its taxpayers have been ripped off for more than 50 years, but it is not going

00:02:15.760 to happen anymore.

00:02:17.260 It's not going to happen.

00:02:19.580 In a few moments, I will sign a historic executive order instituting reciprocal tariffs on countries

00:02:31.140 throughout the world.

00:02:32.640 Reciprocal.

00:02:33.640 That means they do it to us, and we do it to them.

00:02:37.000 Very simple.

00:02:38.000 It can't get any simpler than that.

00:02:42.240 The United States charges other countries only a 2.4 tariff on motorcycles.

00:02:49.760 Meanwhile, Thailand and others are charging much higher prices, like 60 percent, India

00:02:56.220 charges 70 percent, Vietnam charges 75 percent, and others are even higher than that.

00:03:02.760 Likewise, until today, the United States has, for decades, charged a 2.5 tariff.

00:03:09.000 Think of that, 2.5 percent on foreign-made automobiles.

00:03:14.480 The European Union charges us more than 10 percent tariffs, and they have 20 percent VATs, much,

00:03:22.020 much higher.

00:03:23.040 India charges 70 percent, and perhaps worst of all are the non-monetary restrictions imposed

00:03:29.000 by South Korea, Japan, and very many other nations as a result of these colossal trade

00:03:35.660 barriers.

00:03:36.800 Eighty-one percent of the cars in South Korea are made in South Korea.

00:03:40.880 Ninety-four percent of the cars in Japan are made in Japan.

00:03:45.800 Toyota sells one million foreign-made automobiles into the United States, and General Motors sells

00:03:51.560 almost none.

00:03:53.380 Ford sells very little.

00:03:54.560 None of our companies are allowed to go into other countries, and I say that friend and

00:04:00.800 foe, and in many cases, the friend is worse than the foe in terms of trade.

00:04:05.840 But such horrendous imbalances have devastated our industrial base and put our national security

00:04:13.100 at risk.

00:04:13.760 I don't blame these other countries at all for this calamity.

00:04:17.080 I blame former presidents and past leaders who weren't doing their job.

00:04:20.620 They let it happen, and they let it happen to an extent that nobody can even believe.

00:04:25.320 That's why, effective at midnight, we will impose a 25 percent tariff on all foreign-made

00:04:30.960 automobiles.

00:04:32.900 My entire life, I have watched plant after plant after plant in Detroit and in the metro

00:04:39.540 Detroit area close.

00:04:41.440 There are now plants sitting idle.

00:04:43.660 There are now plants that are underutilized.

00:04:45.900 And Donald Trump's policies are going to bring product back into those underutilized plants. 0.89

00:04:52.500 There's going to be new investment.

00:04:54.080 There's going to be new plants built.

00:04:56.120 And the UAW members, and I brought 20 of them with me.

00:04:59.700 They're sitting right over here.

00:05:01.660 We support Donald Trump's policies on tariffs 100 percent.

00:05:07.240 This is the primal scream of a dying regime.

00:05:14.980 Pray for our enemies, because we're going medieval on these people.

00:05:20.220 Here's the time I got a free shot at all these networks lying about the people.

00:05:24.480 The people have had a belly full of it.

00:05:26.380 I know you don't like hearing that.

00:05:27.840 I know you try to do everything in the world to stop that, but you're not going to stop

00:05:30.320 it.

00:05:30.500 It's going to happen.

00:05:31.760 And where do people like that go to share the big line?

00:05:35.180 Mega Media.

00:05:36.080 I wish in my soul, I wish that any of these people had a conscience.

00:05:41.960 Ask yourself, what is my task and what is my purpose?

00:05:45.720 If that answer is to save my country, this country will be saved.

00:05:52.040 War Room.

00:05:52.940 Here's your host, Stephen K. Bannon.

00:06:01.020 It's Wednesday, 2 April, Year of Our Lord, 2025.

00:06:03.640 It's Liberation Day.

00:06:06.020 President Trump started his speech from the Oval Office saying in his belief is that this

00:06:12.440 is one of the most important days in American history.

00:06:16.400 Let me repeat that.

00:06:17.460 President Trump said he thought today, Wednesday, the 2nd of April, in the Year of Our Lord,

00:06:21.660 2025 was one of the most important days in the history of the country because it's when 0.65

00:06:26.660 we declared our economic independence.

00:06:31.040 Dow Jones futures.

00:06:33.120 And we're watching the Asian markets going to open up about eight here, I think.

00:06:37.520 Dow Jones futures are down 900 points.

00:06:40.040 S&P 500 futures have lost 3% in reaction to these tariffs.

00:06:46.940 Tech being a big loser also.

00:06:50.440 The Lords of Easy Money and Wall Street are not happy about this.

00:06:53.240 They're not happy at all.

00:06:55.820 You will understand why if you read two books, Christopher Leonard's Lords of Easy Money

00:07:00.140 and Spencer Morrison's book, Reshore, you would understand the plight of this nation and

00:07:08.880 why the money class is not happy and why the working class, the UAW worker from Macomb County,

00:07:17.280 the home of Reagan Democrats, were ecstatic in his union buddies over there clapping for

00:07:24.740 President Trump.

00:07:26.400 Spencer Morrison, break down that opening of the speech for us, sir.

00:07:31.520 Well, happy Liberation Day to everybody watching War Room and to this whole beautiful country.

00:07:36.500 Anyway, so tariffs are about much more than economics, okay?

00:07:41.960 We don't worship the golden calf.

00:07:44.120 Money is not our god.

00:07:46.040 Economic growth is not America's justification.

00:07:49.180 It's a means to an end.

00:07:50.320 It's not the end itself.

00:07:52.060 The economy has to serve the American people.

00:07:55.280 It has to serve our security, our well-being, the interests of the good and the beautiful and the true.

00:08:01.080 And what President Trump did today in that speech is he weaved all of these issues together.

00:08:07.580 He tied the issue of political independence and Independence Day and folded that into the context of economics independence, right?

00:08:17.020 In a very real sense, Independence Day is predicated upon this Liberation Day.

00:08:23.340 You can't have political independence without economic independence.

00:08:27.220 If you can't defend your freedom because you don't manufacture steel or computers, firearms, automobiles, ships, then there's no way that you can actually function as an independent nation.

00:08:39.780 So, Spencer, you know, some of the guys, my former colleagues on Wall Street, the Goldman Sachs crowd and others, will sit there and go,

00:08:48.860 Steve, you know, a manufacturing percentage of the GDP is, I don't know, absolute numbers, 2.2 trillion, 2.5 trillion.

00:08:57.220 And there's 400,000 unfilled manufacturing jobs here.

00:09:00.480 People, you and Spencer may fantasize about this, but people don't want manufacturing jobs from the 1950s.

00:09:08.080 They want service jobs.

00:09:10.140 They want high tech.

00:09:12.660 They want to be sitting at a computer writing algorithms, coding.

00:09:15.780 You guys are dinosaurs from the past.

00:09:17.560 You fail to see that America is now still a, I think at number three in the world, still a manufacturing superpower.

00:09:25.300 What say you, Spencer Morrison?

00:09:26.800 Well, I think we have to remember that, you know, money has a dollar value and it has an objective value.

00:09:34.040 Power doesn't.

00:09:35.560 Power, security, those are relative items, right?

00:09:39.060 So we have to look at America's overall place in the world relative to our competitors.

00:09:45.820 And ever since the 1970s, when the tariff walls were dropped, and especially since 2001, when China joined the World Trade Organization, there's been a huge seismic shift in industrial power from America to China.

00:10:01.460 If you look at, for example, the industrial output between America and China, you know, on paper, it looks fairly similar.

00:10:09.440 But that's because there's a big difference in purchasing power between America and China.

00:10:13.940 When you account for purchasing power parity, China is producing three times the industrial output that America is.

00:10:20.800 We produce $5.46 trillion in output.

00:10:24.120 They produce $15.78 trillion.

00:10:26.500 They can outbuild us three to one.

00:10:29.400 Three to one.

00:10:30.040 Those are the sorts of ratios that helped America win World War I and World War II.

00:10:35.660 And you know what?

00:10:36.160 We're on the losing side of that equation right now.

00:10:38.700 Also, a lot of ours, it's a misnomer, a lot of ours is assembly.

00:10:42.960 So they can get around the trade laws and the tariffs and get into the greatest market in the world.

00:10:48.200 And President Trump's saying that game is ending.

00:10:50.820 We're going to manufacture high value like in the car.

00:10:53.460 Ford says we're the biggest domestic manufacturer.

00:10:56.060 No, you're the biggest domestic assembler.

00:10:58.300 You take high value added parts like drivetrains and engines, things like that, from Germany or Mexico or Mexico from Germany.

00:11:08.060 And what we do is assemble it here.

00:11:09.960 What President Trump is saying, we're not playing more games.

00:11:12.800 We're going to bring back manufacturing capabilities and capacities here in the $35 and $40 an hour job that goes with it.

00:11:23.180 We're not going to – the reason some of these jobs are going – wanting is that they're still relatively low wages.

00:11:29.760 This whole – all the statistics that the Wall Street guys throw up at you are completely false when you look at what Trump is trying to do, which is to say, look, all of our allies have been – this is what's so powerful about reciprocity.

00:11:40.700 Remember, he did kind reciprocity.

00:11:43.140 Only Trump can think of this.

00:11:44.260 He's – Poso's bitching about Trump holding up the charts.

00:11:48.700 Poso goes, hey, he's my president.

00:11:50.820 Those are big – those are the biggest charts.

00:11:52.880 He's got these charts up.

00:11:53.820 Trump wouldn't let his charts go.

00:11:55.400 He's pointing – he's going down the menu of how people ripped us off.

00:11:58.980 And the kind reciprocity, Stuart, he's not – if China's – you know, the weighted average is 64 percent, he's not going 64.

00:12:05.640 He's cutting it in half, right, or two-thirds of it.

00:12:07.880 But people said I wouldn't want to be Cambodia today.

00:12:11.720 But so is this – first off, overall, you know more about this.

00:12:16.640 Is this what you anticipated it would be?

00:12:19.340 Is this – make Spencer Morrison say, yes, I think we're on the right path and Trump nailed it?

00:12:25.980 I'll be honest with you.

00:12:27.320 This is more than I expected.

00:12:28.940 I was very worried that we were going to get a highly watered-down approach, which is sort of what we saw in President Trump's first term.

00:12:40.000 He blew my expectations out of the water.

00:12:43.920 What he's done with the so-called kind reciprocal tariffs is he's giving the world a choice.

00:12:50.700 He's saying, look, you have an opportunity now to lower your tariffs to match ours, and if you don't, they're going up, right?

00:13:00.200 And this does a couple of things.

00:13:02.240 I mean, first, it telegraphs where things are going for American businesses, and it gives our industry time to ramp up production and for people to invest domestically.

00:13:14.300 So it should sort of smooth out the economic dislocation that we're expecting.

00:13:20.540 But it's also giving other countries an opportunity to play ball.

00:13:23.540 I mean, one of the things that we really want to see is opening up foreign markets for American products.

00:13:29.620 Because remember, the big problem here is that we have a huge trade deficit, which means we're buying more than we're selling, right?

00:13:36.760 Tariffs fix this in two ways.

00:13:38.760 Number one, it reshores the production here, so we buy more American.

00:13:42.700 But if foreign countries look at our tariffs and they do the math and they say, look, this is not in their best interest, let's lower the tariffs and let American products in, that's going to open up billions of people to American producers as well, right?

00:13:56.060 So this is not just about reshoring American industry.

00:13:58.820 What President Trump is doing is he's also trying to open up foreign markets for American production and just let our companies compete.

00:14:05.980 They can't compete right now.

00:14:07.180 I want to go back to something President Trump said, and then you brought it up because they were kind of mocking this on TV, and that's the trade deficit.

00:14:16.740 In 1974, a couple of things happened around those early years in the early 70s besides Watergate.

00:14:21.760 And, by the way, we're going to come up on the 30th anniversary, on the 30th of this month of our sole retreat, the fall of Saigon in America being driven out of Vietnam.

00:14:34.080 You had going off the gold standard.

00:14:36.620 Then you had, as Spencer said, the first trade deficit in 1974.

00:14:40.440 This is why I bought gold at 3,190.

00:14:44.100 We're not here to tell you, hey, gold's high, go buy gold.

00:14:47.680 No, that has nothing to do.

00:14:49.060 What we do is put you in touch with Birch Gold.

00:14:51.780 Let them walk you through with all the information we put out together, the forces in the world, geopolitical, capital market, economic, demographic, that are driving the price of gold.

00:15:03.100 I think gold was $1,100 when we started this four years ago with Birch Gold because they would put in the time and effort.

00:15:08.560 You got the end of the dollar empire, which, you know, Rickard said today is the BRICS alternative currency they came up with is, hey, guess what?

00:15:19.600 Gold, the central banks are buying at rapid rates.

00:15:23.420 Go to birchgold.com slash Bannon, end of the dollar empire, totally free, the sixth free installment, modern monetary theory because we believe ideas have consequences.

00:15:32.840 And this one had a quite negative consequence.

00:15:34.820 You should understand it.

00:15:35.600 Or take out your phone, just text Bannon at 989898.

00:15:40.040 You have the brochure, totally free.

00:15:42.480 The ultimate guide for investing in gold in the era of Trump.

00:15:45.580 Now, that might have to be updated.

00:15:47.820 But go check it out today and make sure you get a relationship with Philip Patrick and the team.

00:15:51.340 And you want physical gold, physical gold.

00:15:54.760 3,190.

00:15:56.500 This will break 3,200 tonight, maybe, overnight, as the Asian markets start to open.

00:16:02.220 The Asian markets are going – well, let's go back to the trade deficit.

00:16:06.120 The early 70s was a time of financial turmoil off the gold standard, the Arab oil embargo, and trade deficits.

00:16:14.020 And that was the beginning.

00:16:15.140 And you saw, you know, real wages for workers have not increased since 1974, and we've had a trade deficit.

00:16:21.540 Folks, these things are indestructibly linked, right?

00:16:24.580 This is why workers have been getting the shaft here for, I don't know, 40 or 50 years.

00:16:29.560 How does this program, Spencer, in your mind, start to turn that around?

00:16:34.920 Because that number – and this is why, remember, Trump is a student of Lou Dobbs.

00:16:40.020 For anybody that's been around as long as Trump and I have, back in the 80s with CNN,

00:16:44.720 the first person that ever started talking about this to a mass audience was a guy named Lou Dobbs.

00:16:51.280 He kept bringing up the trade deficit, particularly with Japan, right?

00:16:55.080 And Donald Trump was a devotee.

00:16:57.800 He followed Lou Dobbs all the time, and he started to get his own ideas, his own opinions.

00:17:01.460 You go back and look at those interviews with Trump in the 80s and 90s, it's like he was in the Rose Garden today.

00:17:08.140 This is a – this is what the French call idea fix.

00:17:12.020 This is a fixed idea he's had that a great nation cannot continue to run trade deficits year after year after year and get into the trillions of dollars.

00:17:19.860 Spencer Morrison, your thoughts?

00:17:22.780 And I think anybody – everybody implicitly understands that.

00:17:27.940 I mean there is an end to all of this copious consumption, right?

00:17:33.100 Because, I mean, we've been running a trade deficit, like you said, every year since 1974.

00:17:38.780 It's $25 trillion cumulative trade deficit.

00:17:42.960 And how do we pay for it?

00:17:45.660 Repeat that to the audience.

00:17:48.260 How big is it?

00:17:50.120 All right.

00:17:50.620 So if you add up all of America's trade deficits, net trade deficits, so we're accounting for goods and services, okay, since 1974.

00:18:00.600 It works out to $25 trillion adjusted for inflation.

00:18:06.720 $25 trillion.

00:18:08.760 So how did we pay for that?

00:18:11.100 Because we didn't pay for it by trading.

00:18:13.900 We had to sell something, right?

00:18:15.760 So what did we do?

00:18:16.460 We sold assets like real estate.

00:18:19.100 We sold farmland.

00:18:20.140 We sold residential real estate, commercial real estate.

00:18:23.840 We sold artwork.

00:18:25.420 I mean, what we did is we sold our inheritance.

00:18:27.940 And then on top of that, that didn't cover it.

00:18:30.600 On top of that, we had to take out all this debt.

00:18:35.140 It's sort of like buying your groceries when you don't have a job.

00:18:37.840 Well, what do you do?

00:18:38.400 You're pawning off your grandma's wedding ring.

00:18:40.540 You're ringing up your credit cards.

00:18:42.200 That's what America has been doing collectively as a nation.

00:18:44.820 And we've been doing it for 50 years.

00:18:47.040 And eventually, your debts get called.

00:18:49.500 Eventually, you run out of valuable real estate to sell.

00:18:52.420 And then at that point, it all comes crashing down.

00:18:54.640 There was actually Joseph Stiglitz.

00:18:56.560 I don't agree with him on a lot of things, but he won a Nobel Prize for his research on this consumption bubble.

00:19:05.560 And in a paper, he had said, eventually, it's a mathematical certainty.

00:19:10.660 He ran all these economic models.

00:19:13.260 I don't put a lot of stock into them, but this one's real because it matches up with what we see historically, what we're seeing today.

00:19:20.200 Right. There's inductive evidence for it.

00:19:22.500 But what he's saying is that there's a mathematical certainty that the bubble will burst.

00:19:25.660 And when it does, the economic dislocation and problems that that will cause will be far worse than anything we've ever seen.

00:19:32.560 We're in the biggest bubble in history right now.

00:19:35.160 And the only way to do that, to get out of it safely, is what President Trump has done.

00:19:39.540 It's to deflate it slowly over time by reducing the trade deficit and running a trade surplus.

00:19:44.620 So I think that's what we need to get to, Steve.

00:19:46.720 OK. This is – he's saying this bubble is the trade deficit, which nobody on Wall Street ever wants to talk about.

00:19:53.420 They don't like talking about the debt, but this is separate than the debt.

00:19:56.280 This means that your money, your – either you've monetized assets or just your paycheck has gone to people that don't live in the United States of America to pay for goods that are not made in the United States of America to sustain yourself.

00:20:08.160 What Scott Besson was saying in the Declaration of Independence in the Constitution is not that you have a constitutional right to just cheap stuff.

00:20:16.760 There's something deeper here than that.

00:20:18.480 Give me Stiglitz's thing again.

00:20:19.700 He's saying that bubble, the $25 trillion, that's eventually going to implode and give – and have a massive impact unless you start to deflate the bubble by having surpluses.

00:20:30.960 And the way you have surpluses is implement Trump's plan, correct?

00:20:35.380 That's exactly correct.

00:20:36.800 The tariffs are going to do two things.

00:20:39.980 Like I said earlier in the show, the tariffs are going to reduce the trade deficit by virtue of having factories be reshored into the country.

00:20:51.180 So people are going to buy American rather than buying Chinese or buying Mexican, buying European, right?

00:20:56.720 So all of those brands, all of those industries are going to come back to America.

00:21:00.040 We're going to make the products in the country.

00:21:02.660 So that's going to reduce the trade deficit.

00:21:04.580 The other side of that is that, you know, with the reciprocal tariffs, foreign markets are going to open up like they haven't opened up ever before, right?

00:21:13.100 American businesses are not free to sell our goods in foreign countries to nearly the same degree that they can sell them here.

00:21:18.940 Because these other countries are using tariffs and other non-monetary barriers to entry as part of their industrial development policies.

00:21:26.680 But if those numbers come down and American companies are free to compete on even footing, it's going to open up markets.

00:21:34.320 Billions and billions of people, potential consumers, will be able to buy American goods for the first time, for the first time in 50 years.

00:21:41.700 And that's going to, I would hope, lead to a trade surplus.

00:21:48.600 And that's what we need to do.

00:21:49.640 We need to generate a trade surplus so that we can reverse the damage that's been done over the last 50 years.

00:21:54.700 It's going to take a while.

00:21:55.920 It took us 50 years to get here.

00:21:57.940 It could take another two generations to unwind.

00:22:00.240 But it needs to be done.

00:22:01.360 This is what people on MSNBC did when they were talking.

00:22:08.500 The reporter said, hey, I've met people that understand, the working class people that understand they want those high value added jobs to come back.

00:22:14.480 They understand this is not going to take place immediately.

00:22:16.720 You're just going to see a complete onslaught of, oh, the price is going to go up, the price is going to go up.

00:22:22.140 Although there's no evidence from our first term that prices went up at all.

00:22:26.360 Is it, Spencer?

00:22:27.900 Yeah, I made that point.

00:22:29.280 I've been writing a lot of articles about this, about inflation and how it relates to the trade deficit and tariffs.

00:22:36.620 And the factual reality of the matter is that America flourished under the Hamiltonian American system of economic and industrial development, which was a high tariff model.

00:22:48.700 So for over 150 years, America had the highest tariffs in the world.

00:22:52.600 And throughout that entire period, 1789 up until 1973, goods were getting cheaper.

00:23:00.080 Wages were going up.

00:23:01.040 And unfortunately, we got off that economic model.

00:23:05.520 We tried this globalist experiment, and it failed the American workers spectacularly.

00:23:10.560 And wages have stagnated.

00:23:11.820 They've stagnated ever since then.

00:23:14.380 I have, you know, I can tell you.

00:23:18.280 I'm going to give you three numbers, Steve.

00:23:19.820 And these paint the picture of, you know, what's happened to the American family.

00:23:26.240 In 1950, the American family spent 31, the average American household spent 31.6% of its income on, like, wants.

00:23:36.440 Like vacations, toys, all the goodies in life, right?

00:23:40.700 That improved decade over decade over decade until the 1980s when it peaked at about 50%.

00:23:49.180 Since then, it's gone down, back down to the levels that we saw in the 1960s.

00:23:58.340 So Americans right now are spending proportionally their income on wants, the same as they were in the 1960s, which means we've actually sort of went back in time in terms of economic growth, right?

00:24:10.060 And we're spending more now on housing, on food, on shelter, clothing, than at any time in the last 60 years.

00:24:21.600 Hang on for a second.

00:24:22.820 I'm going to hold you around.

00:24:23.840 I'm going to play some clips on the other side of a break, and Spencer's going to be with us.

00:24:28.420 Also, Brother Delaney, who's the publisher of the book, is going to join us about his family's situation, why he was interested in publishing this extraordinary book.

00:24:36.800 The timing couldn't have been better.

00:24:38.380 You saw this morning where the head of the St. John's, was it Brother Cook, came on, Denver Cook, right?

00:24:49.620 Came on this morning and talked to us about the Warren Posse really saving, when Matt Boyle at Breitbart, you've got everybody on watch here, saved the Florida 6th.

00:25:00.380 Also, Mike Davis, just a moment ago, said the pressure of the Warren Posse on the House to have these hearings on the judges.

00:25:08.680 We need you up at the ramparts.

00:25:10.240 We're going to need you up throughout the end of this week and next week.

00:25:13.800 There's a lot to be done.

00:25:14.640 One of the things I'm most worried about is this anxiety that either taxes or debt or credit cards or particularly your title of your home.

00:25:23.240 Remember, if you're lucky enough to own a home, and that's not a lot of folks, or it's less and less, particularly if you're under 35 years old, that contract, that piece of paper is what shows that you actually own that real asset you call a lodge.

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00:26:01.180 We need you on the ramparts, not worried about somebody's taking out a $25,000 second or $100,000 second on your house of which you've got to pay back.

00:26:12.060 Also, the folks down at Patriot Mobile, Glenn Story and the team down at Tarrant County, they're absolutely fantastic.

00:26:19.520 It's a big brouhaha now.

00:26:21.100 There was an article interview in the New York Times by Ken Paxson, a great attorney general.

00:26:26.520 He may be gearing up for a Senate primary against Cornyn.

00:26:32.540 Wow.

00:26:34.020 Patriot Mobile, the service is fantastic because it layers itself onto existing tower service.

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00:26:59.600 Short break.

00:27:01.120 Liberation Day.

00:27:03.040 Magnificent speech, concept.

00:27:05.700 It's all out there and it's being executed.

00:27:07.780 Next in the word.

00:27:10.520 In America's heart.

00:27:13.280 You don't go out and buy a life jacket when the boat is already sinking.

00:27:18.540 You don't buy gold when the economy has already collapsed.

00:27:22.120 Clearly, others are heeding this advice as gold hit an all-time high, the first part of 2025, multiple times.

00:27:29.720 It's not too late for you.

00:27:31.860 The company I trust to help you diversify into physical gold is Birch Gold, the company I buy my gold from.

00:27:38.200 Birch Gold specializes in helping you convert an existing IRA or 401K into a tax-sheltered IRA in physical gold for no money out of pocket.

00:27:49.220 Just listen to this five-star review.

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00:27:56.060 That's what you get with Birch Gold and that's why I've endorsed them for so long.

00:28:00.180 Get your free info kit on gold by texting the word Bannon, B-A-N-N-O-N, to 989898.

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00:28:15.340 Text Bannon, B-A-N-N-O-N, to 989898.

00:28:18.760 And let the experts at Birch Gold help you secure your financial future today with gold.

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00:29:54.840 You wish you could have invested in the stock market last year when investors scored the highest profits in decades.

00:30:02.360 But between that mountain of bills and credit card debt, you had nothing, and I mean nothing, left over.

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00:31:18.580 So far, it looks like we're going to have about $6 trillion of investments,

00:31:23.140 and you wouldn't do that in years in this country over the last number of years.

00:31:28.280 $6 trillion, and that's going to be much higher by the end of the year.

00:31:32.260 And think of what $6 trillion is.

00:31:35.280 You wouldn't have even a small percentage of that under this other system.

00:31:40.580 We're going to be an entirely different country, and it's going to be fantastic for the workers.

00:31:44.640 It's going to be fantastic for everyone.

00:31:47.040 There will never have been a transformation of a country like the transformation that's already happening in the United States of America.

00:31:54.300 It's an incredible thing to watch, and it's incredible to meet with the top people,

00:31:58.720 people that you read about, very wealthy people, or people that are great managers and executives and presidents of big public companies,

00:32:07.120 and to watch the enthusiasm they have now that they didn't have.

00:32:10.520 They gave up on our country. 0.81

00:32:11.620 They went to foreign countries, and they built.

00:32:14.440 Companies are pouring into our country at levels never seen before with jobs and money to follow, and it's really beautiful.

00:32:22.580 In the coming days, there will be complaints from the globalists and the outsourcers and special interests and the fake news.

00:32:29.320 Always, the fake news will always complain.

00:32:32.020 But never forget, every prediction our opponents made about trade for the last 30 years has been proven totally wrong.

00:32:39.200 They were wrong about NAFTA.

00:32:41.640 They were wrong about China.

00:32:43.500 They were wrong about the Trans-Pacific Partnership, which would have been a disaster if I didn't terminate it.

00:32:49.420 If I didn't terminate that, United Auto Workers, you would have had no jobs in this country.

00:32:56.360 You would have had no jobs.

00:32:58.740 It was all going to other countries.

00:33:02.460 And now we're going to pass the largest tax cuts in American history,

00:33:07.960 and that's where we're relying on Mike and John Thune.

00:33:11.600 And we will not cut Social Security, Medicare, or Medicaid benefits.

00:33:17.320 And the Democrats will, because if they got in, the entire economy would collapse.

00:33:23.120 This country is heading for a collapse under the people that you saw.

00:33:27.960 They were horrible.

00:33:29.100 I think one of the reasons people like the job, I have my highest approval rate,

00:33:33.020 is because I think they're comparing me to the worst administration in the history of our country.

00:33:38.740 So I appreciate that, at least.

00:33:40.920 But Speaker of the House, Mike Johnson, and Senate Majority Leader, appreciate it, Mike.

00:33:46.760 John Thune have been fantastic, by the way.

00:33:49.720 But they've been working tirelessly on taking the next steps to pass it.

00:33:54.360 The Wall Street Journal lead opinion piece up overnight will be in the paper tomorrow.

00:33:59.380 The President's Liberation Day tariffs, Liberation Day in quotes,

00:34:04.460 amount to an attempt to remake the United States economy in the world trading system.

00:34:12.480 Think about the scale of that.

00:34:14.220 Let me repeat this from the Wall Street Journal.

00:34:16.020 The President's Liberation Day tariffs amount to an attempt to remake the U.S. economy in the world trading system.

00:34:26.080 Before I turn back to Spencer, homework assignment.

00:34:29.420 You need to go over Birch Gold.

00:34:31.000 You need to know where you fit into this.

00:34:34.020 Right now we're going to go through some turbulence.

00:34:35.800 I told you some numbers.

00:34:37.060 I'll get some updates here.

00:34:38.040 Dow, the future is down 900, but open tomorrow.

00:34:41.660 Asian markets, I'm sure, are going to be on full blast.

00:34:45.000 Just why they're not going to be able to rip off the United States and not going to have the margins they had before. 0.89

00:34:50.820 You need to understand gold as a central part of this, more so than I think it's ever been before, at least in the history of this country.

00:35:00.140 Take your phone out.

00:35:01.040 Bannon, 989898.

00:35:03.020 Ultimate guy for investing in gold and precious metals in the era Trump.

00:35:06.840 Get it, read it, and then talk to Philip Patrick and team.

00:35:08.820 You have to understand the converging forces of capital markets, macroeconomics, and geopolitics.

00:35:15.580 It sounds like a full plate, doesn't it?

00:35:17.920 So, Steve, look, I just got out of high school.

00:35:20.280 It doesn't matter.

00:35:21.020 You're smart enough.

00:35:22.640 You watch this show.

00:35:23.900 You've picked up things.

00:35:24.960 This is why we do this show, is to give you the tools so you get your own mental map.

00:35:30.200 And Birch Gold is a great ally of ours in doing this.

00:35:33.620 So, make sure you go to Birch Gold and get it and talk to Philip Patrick and the team.

00:35:37.600 Or go to birchgold.com slash band at the end of the dollar empire.

00:35:42.100 That's a longer six installments, but you should dig into that, too.

00:35:48.060 Particularly if you go, gosh, math, my palm's sort of math.

00:35:52.140 I'm math with tears.

00:35:53.260 It doesn't matter.

00:35:53.820 You've got to push through.

00:35:54.340 You've got to push through that anxiety.

00:35:55.660 We're here to push you in the war room.

00:35:57.780 Push through that anxiety.

00:35:59.720 You'll see it's not so hard, and all of a sudden you'll be self-empowered.

00:36:02.700 You go, wow, I actually understand this stuff.

00:36:04.600 It's not that complicated.

00:36:05.860 They make it seem totally complicated so they can control you.

00:36:10.280 You know that's how the system works.

00:36:13.180 So, Spencer, Brother Morrison, is the Wall Street Journal correct?

00:36:17.860 Is this an attempt today to restructure the Liberation Day?

00:36:23.360 The first sentence is to restructure the American economy and with it the world's economic trading system, sir?

00:36:30.720 It's exactly what it is.

00:36:33.900 It's exactly what it is.

00:36:35.320 For the last 50 years, we have been engaged in a globalist experiment, which has left America devoid and hollowed out.

00:36:45.000 You know, it's cost millions of jobs.

00:36:46.860 Manufacturing, for example.

00:36:48.000 1979, we had, you know, over 19 and a half million people employed in manufacturing.

00:36:54.300 They're good quality jobs, right?

00:36:56.600 They're good quality, lucrative jobs with benefits.

00:36:59.580 You could support a family on them.

00:37:01.740 We've shed over 6 million of those jobs since then.

00:37:04.780 And all the service jobs that they support as well, right?

00:37:07.680 I, you know, I just want to bring it to your attention.

00:37:11.780 The unemployment numbers.

00:37:14.160 People will say that we've shifted the economy from, you know, manufacturing jobs to service jobs.

00:37:20.580 What they forget to tell you is that the percentage of people who are counted as employable has decreased.

00:37:28.300 You know, tens of millions of people have been counted out of the labor force, right?

00:37:32.500 Because they're chronically unemployed, because there are no jobs.

00:37:38.820 So, going back to your question, this is a huge restructuring of the American economy from a financial-based economy.

00:37:49.860 And President Trump wants to take us back to a production-based economy, right?

00:37:54.100 We want to produce the wealth that we consume rather than just buy it by selling off our inheritance and our debt.

00:38:01.200 Yes, yes.

00:38:03.480 Um, it's unbelievable.

00:38:06.800 This is why we hired him.

00:38:09.380 To do big things.

00:38:10.700 And this may be the biggest of all.

00:38:12.220 Getting our siren.

00:38:12.920 Remember, the southern border is essentially closed.

00:38:15.520 We've got to build the wall.

00:38:16.460 We have to do everything.

00:38:17.700 But it's all quiet on the southern front.

00:38:19.960 In 60-some days, when they told us it would take generations to do it.

00:38:23.600 It doesn't take generations for Trump.

00:38:25.320 He says, get it done.

00:38:26.820 Spencer, hang on for a second.

00:38:28.020 By the way, the market cap, Kobayashi letters tell me the market cap of gold right now is $21 trillion, also an all-time high.

00:38:36.280 Um, as it's, it's getting ready to surge past $3,200 on the reciprocal tariffs.

00:38:43.320 People are looking for some hedge.

00:38:45.260 Trust me.

00:38:45.660 But that's why you have to go now.

00:38:48.660 Get the investing book.

00:38:49.940 Uh, it's a simple way to start at Birch.

00:38:52.200 Just take it to your phone.

00:38:53.300 Bannon, 9-8-9-8-9-8.

00:38:54.820 You need to know this, even if you don't want to invest.

00:38:58.000 This is all about also the politics of it.

00:39:01.240 The macro of it.

00:39:03.260 Great.

00:39:03.740 You're the publisher of this book.

00:39:05.400 You're pretty selective now on what you publish.

00:39:07.940 Why did this, why was this book, why is this book so important to you?

00:39:10.960 I know you're a huge MAGA guy and you support President Trump.

00:39:13.480 But there's something deeper about this book and why you got Spencer to write it and why you're pushing it so hard at your, at your, uh, imprint.

00:39:22.200 Why?

00:39:25.200 Yeah, Steve, the, I reached out.

00:39:27.760 I was following Spencer years ago, uh, when he was doing phenomenal work pre-2013 administration at his, uh, new economics editorial.

00:39:36.500 And, uh, the, the motivation for this, why, I mean, I had this publishing company.

00:39:41.220 We were very, as you said, we're very selective.

00:39:42.640 This is a job I do out of, it's the passion project, not a really a money-making project.

00:39:47.720 And it's about getting the truth out.

00:39:49.780 And, uh, the reason I sought out Spencer is because the story he tells and the policy solution he provides is a solution to what has happened, the tragic story, what has happened to thousands of great American companies.

00:40:05.040 And one of them is my family's business.

00:40:06.360 We were, uh, I've got a new piece up on im1776.com, uh, about the human cost of offshoring.

00:40:13.940 And we had a flush valve manufacturing business, if anyone that goes, it's, uh, we always like to joke in the family that it's, uh, it's, you know, we're in the ship business.

00:40:23.840 And it's, uh, not the most glamorous, but everyone has, you know, there's, there's a story behind every manufactured good in this country.

00:40:31.100 And this was a company founded in 1879 in New York by immigrants from Ireland that fled the potato famine.

00:40:38.580 Uh, they moved the company down after a two-year union strike in New York and Brooklyn.

00:40:43.240 And that coincided with about millions of job manufacturing jobs fleeing New York from the, uh, post-World War II into the early seventies, moved down to Charlottesville, Virginia.

00:40:53.080 And then in the nineties, they were booming, uh, producing a thousand valves a day.

00:40:57.500 Uh, they had several inventions that were made a couple of their valves, the top in the class.

00:41:02.760 They were the first one to have a sensor operated battery valve.

00:41:05.340 They had a regulating screw that enabled contractors and repairmen to repair the valves in the field.

00:41:10.800 So they were, they were innovative and they were doing it all with, uh, basically it was the family and a few others, uh, at this manufacturing facility in Charlottesville.

00:41:19.480 And they employed about 75 people.

00:41:21.280 They were even outsourcing to other local manufacturers in the, in the central Virginia area.

00:41:26.440 And then all of a sudden Zern comes in, in the, in the early nineties, uh, and everyone's probably gone to the bathroom and was seen as Zern flush valve.

00:41:33.100 And they were the first to offshore to China.

00:41:35.140 And, uh, they, the break-even point for a Delaney flush valve was $65.

00:41:38.680 Zern came in, started charging 32.

00:41:42.000 They were a massive global company that could afford, first of all, they were saving money from the offshoring and they were able to use this as a loss leader.

00:41:48.740 And their stated goal was to put Delaney out of business.

00:41:51.260 So that began an absolutely brutal eight years.

00:41:54.440 Uh, my grandfather was clinging on, they didn't make the appropriate changes, but they didn't want to make the changes.

00:41:58.800 They didn't want to offshore.

00:41:59.800 My dad didn't want to offshore because that meant laying off over 70 people that had been at the company 30, 40 years.

00:42:06.480 And I tell the story of one who was actually had worked as the head of the plant since 1974 and retired in 2017.

00:42:14.160 And, uh, the company still exists.

00:42:15.780 It's a shell of itself.

00:42:16.780 Unfortunately, my father ultimately passed because of the stress from it.

00:42:20.380 But that's, that's the, so we need to understand the human cost of this offshoring.

00:42:24.960 I mean, everyone that drives through America sees the devastation of rural America, Kentucky, Virginia, everywhere you turn.

00:42:31.420 You go past these one, you can tell back 30 years ago, 20 years ago, used to be thriving communities that were built off of these companies.

00:42:38.640 And now the shutter manufacturer graffiti takes over, the rot sets in, the drugs come in, and we are, we are starting to reverse that.

00:42:45.120 I'm, I'm very proud.

00:42:46.220 This is an, what an exciting day this is for America.

00:42:48.860 And there's going to be pain.

00:42:50.100 I mean, Goldman Sachs, the market's going to be down thousands, but we have to restructure this economy to save this country.

00:42:55.120 And I'm, I commend President Trump for having the courage to do it.

00:43:00.120 Today's a historic day.

00:43:01.180 The only way we're going to get through this is this audience.

00:43:03.240 Trust me, the globalists and the financiers are going to be all over us tomorrow.

00:43:07.960 They're going to beat the tar out of President Trump or attempt to.

00:43:12.040 Go ahead.

00:43:12.520 Yeah, we're going to watch our portfolios.

00:43:13.820 We're going to watch our portfolios go down.

00:43:16.040 And we have to just be willing to tough it out.

00:43:18.600 I mean, for once, can we put, can we be patriots and come together for the good of the country?

00:43:23.700 And for too long, Wall Street, it's just about the bottom dollar.

00:43:27.100 Everything's about the next quarter, about what the share price is.

00:43:30.340 And President Trump is saying no more, no more.

00:43:32.020 So very proud to have published this book.

00:43:34.080 Steve, I thank you for giving it to the audience.

00:43:36.000 But it's also, but it's also, it's also going to come back economically, not just that.

00:43:40.100 Your portfolio, it's going to, it's going to settle out.

00:43:42.100 It's not the end of the world.

00:43:43.000 You saw last week, it was supposed to be the end of the world on the 25% auto tariffs.

00:43:47.520 That didn't happen.

00:43:48.860 There's going to be a lot of scaremongering, a lot of experts up in your, as Trump said,

00:43:52.760 they've been wrong about everything.

00:43:54.640 And they've gutted this country in the process.

00:43:56.600 Where do people go, Brother Delaney, to get the, to get the, to get the article, get the piece so they can read it?

00:44:03.280 So I am 1776.com.

00:44:06.360 And of course, buy Spencer's book.

00:44:07.780 It's a, it's a, I'm very proud of it.

00:44:09.440 We're about to sell out this first edition.

00:44:11.400 And the new edition we'll have, we'll probably use this piece as a forward.

00:44:15.140 But this is going to be hopefully kind of the Bible to, if you have a tough time explaining the benefits of tariffs.

00:44:21.220 But it's, as you say in your endorsement of it, Steve, it's more than just a tariff book.

00:44:25.000 It's, it's an economic, it's really the defense of economic nationalism in American economics, which is Alexander Hamilton's economics.

00:44:31.880 So that's, that's what it is.

00:44:32.720 Very, very proud of it.

00:44:33.540 And Spencer, it's been an honor to work with them.

00:44:35.580 And we're going to keep pushing, keep pushing.

00:44:39.320 You've had a couple of good ones.

00:44:40.540 You have the Tucker book.

00:44:41.360 You got this.

00:44:42.140 You're on the roll.

00:44:43.940 Brother, thank you so much for coming on here.

00:44:46.940 Delaney, the publisher, the family story.

00:44:50.520 He's, he's got the imprint to publish this book.

00:44:53.380 Spencer, any closing thoughts, ideas as, as we bring the curtain down on Liberation Day and get ready for tomorrow?

00:44:59.000 Folks, overnight, the market's going to be some turmoil.

00:45:04.140 Not going to, not, they're, they're all over Trump right now, attacking him nonstop.

00:45:09.660 Tomorrow's going to be fixed bayonets, I can tell you.

00:45:11.980 They got the judges.

00:45:13.060 You've got all these guys coming after and trying to shut down everything.

00:45:15.460 He's trying to do a cut cost, try to deconstruct the administrative state and the deep state.

00:45:21.120 Now, now he's reorganized.

00:45:22.960 I mean, think of the things he's done on the scale he's done.

00:45:25.320 You've never seen.

00:45:26.960 One item would be a complete presidency.

00:45:30.400 One item be a complete presidency.

00:45:32.200 He's got 15 of these going at the, at the, at the level of scale and intensity, never seen before in American history.

00:45:42.120 Just not, no president's ever done more vital, urgent, and at the scale on a global basis than anyone in American history.

00:45:53.080 Full stop.

00:45:55.620 Maybe why I'm so interested in Trump 2028.

00:45:58.100 More about that later.

00:45:59.760 We just throw it out there.

00:46:00.600 Let them, let the, let the progressives heads bob.

00:46:03.100 Let's ruin their dinner.

00:46:05.120 Spencer, closing thoughts.

00:46:06.840 You've done so much work over the years.

00:46:09.260 Today was a very special day for you.

00:46:11.100 We thank you for co-hosting with us for these couple of hours.

00:46:14.400 Closing thoughts.

00:46:16.200 I'd like to thank Calimo Press and Gray Delaney.

00:46:18.920 They've been wonderful in promoting this work because it's so, so important.

00:46:24.420 And, and Steve as well, you know, thank you and God bless for the, you know, for getting eyes on this, on this work.

00:46:31.180 I mean, this is a lot bigger than any, any particular book, any particular family business, any particular person.

00:46:37.340 What this is, this is about the health, well-being, longevity, and survival of the American nation.

00:46:47.440 America will not survive the next century unless we can manufacture the tools that we need to make this country great.

00:46:56.020 You can't do that right now.

00:46:58.400 President Trump has made an absolutely pivotal and historic realignment of the economy.

00:47:06.060 This is gonna go down in history.

00:47:08.640 President, this today has made President Trump go down in history as perhaps the greatest American president.

00:47:14.300 President, he's, he's totally upended the economic world order in, he's put America first for the first time in 50 years.

00:47:26.400 Longer.

00:47:26.900 I mean, Reagan did, right?

00:47:28.640 Tried, or did, sort of the Baker and the Bush guys.

00:47:32.360 Nothing like this, though.

00:47:34.440 Nothing like this.

00:47:34.860 Nothing like this.

00:47:35.540 This is why I say, I hate to say I called this one, but I'll take a bow and I called it.

00:47:40.160 But you've had General Washington at the revolution and the founding of the nation.

00:47:49.020 Absolutely critical.

00:47:49.980 With him, it wouldn't have gotten done.

00:47:51.360 You had Lincoln at the rebirth of the nation.

00:47:54.640 Without him, that's why, that's why, those two are what they call world historical figures.

00:48:01.320 If you study the process of study of history.

00:48:03.840 Trump, this is what drives all the haters, the rhinos, and it drives all of the left and the Scarboroughs and all these guys crazy. 0.66

00:48:13.740 He's a world historical figure.

00:48:16.720 If you listen to that speech today, the depth of it, he's a great man in history.

00:48:20.840 World historical figure in the third great president.

00:48:22.980 And this is my whole point.

00:48:23.920 When you've got a guy like that that comes along in some countries' history only once, in our beloved republic, this is the third time, you've got to play your hand out.

00:48:35.000 You've got to get all the squeeze out of the lemon.

00:48:39.020 So today, and so folks, understand tomorrow may not be pleasant.

00:48:45.000 Just remember this.

00:48:46.860 This has to get done to return America to her greatness.

00:48:51.060 There's no other way to do this.

00:48:52.900 And as he said, it's kind, God, I love those charts, kind, reciprocal.

00:49:00.360 He's not dropping the hammer.

00:49:01.680 And there were people, myself included, who are the maximalists that wanted to go all in.

00:49:08.140 And I think in his, he's got the wisdom of Solomon.

00:49:11.500 He said, hey, let me try this.

00:49:13.320 Let's lay out the case, which was important.

00:49:16.320 And then I'm going to show you how we're going to do it.

00:49:18.740 And quite frankly, to me, it was stunningly brilliant.

00:49:20.860 Spencer, social media, where do people get the book, your website, all of it?

00:49:25.000 We want people to read reshoring.

00:49:28.400 Well, you can, I'd be very honored if people were to follow me on X.

00:49:33.080 It's real SP Morrison.

00:49:34.460 You can get the book on Amazon, like Gray was saying.

00:49:39.260 We're doing a second print run now.

00:49:41.340 So I think there's still some copies available on Amazon or directly from the publisher.

00:49:45.160 That's calimopress.com.

00:49:47.520 We have an audio book coming out.

00:49:49.940 We've got e-books.

00:49:51.460 So get it now.

00:49:52.640 I recommend to everybody that you read the book with an open mind, okay?

00:49:57.100 There's going to be a lot of stuff in the book that, you know, is going to be new material for a lot of people.

00:50:02.980 Read it with an open mind.

00:50:04.760 And let's get the message out.

00:50:06.520 Because this is, you know, this is an issue of civilizational importance.

00:50:13.120 Civilizational.

00:50:14.540 Brother, thank you so much.

00:50:15.720 Look forward to talking to you tomorrow.

00:50:17.760 God bless you.

00:50:18.320 Day two.

00:50:20.460 Thank you, sir.

00:50:21.180 Day two of liberation.

00:50:22.260 Okay, Financial Times of London.

00:50:24.020 You see that thing right there?

00:50:25.300 That would be an aircraft carrier. 0.95

00:50:26.680 That is a Chinese. 0.99

00:50:27.700 That's People Liberation Army.

00:50:28.980 Aircraft carrier right there.

00:50:30.060 War game.

00:50:30.700 China asserts Taiwan claim.

00:50:33.200 I think this may be tied slightly to the tariffs and to the new economic ordering.

00:50:41.420 China knows now.

00:50:42.400 The CCP knows now.

00:50:44.200 President Trump went out of his way to be, you know, magnanimous to him.

00:50:47.480 But they understand there's a new deal.

00:50:50.400 We're not running $600 billion per year.

00:50:54.160 Trade deficits can't do it.

00:50:55.360 It's bankrupting the people in this country.

00:51:00.020 There's going to be some issues with the Chinese Communist Party, as we told you all for a long time.

00:51:06.580 Don't let the supply chains of active pharmaceutical ingredients and generics, you know, get you hung up.

00:51:15.400 Same thing as like a second mortgage on your house that you didn't know about.

00:51:19.080 Jace Medical.

00:51:19.840 They took Rosemary Gibson's book and made a business of it for you.

00:51:25.200 Go check it out today.

00:51:26.200 Jace Medical dot com.

00:51:27.800 See what Dr. Sean Rollins and the team have to say about what you should be thinking about to get ahead of all of this.

00:51:36.880 What a day.

00:51:38.960 Man, not just proud to be an American, proud to be MAGA and proud.

00:51:43.980 To be part of President Trump's movement.

00:51:47.560 A great man.

00:51:49.800 And a great day.

00:51:51.740 We'll try to break down more of the speech tomorrow and give you all kind of follow-ups from the Asian markets.

00:51:55.740 They'll open here shortly.

00:51:58.260 It's going to be quite fascinating.

00:52:00.600 But you'll be ahead of the curve in the war room.

00:52:03.540 We'll leave you with the right stuff.

00:52:04.680 And we'll see you at 10 a.m.

00:52:06.240 Eastern Daylight Time tomorrow morning.

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Bannon's War Room - April 02, 2025

WarRoom Battleground EP 738： Liberation Day Becomes The Start To A True American Economy

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