Bannon's War Room - April 17, 2025


WarRoom Battleground EP 749: Asleep At The Wheel With what Is Happening In South Korea


Episode Stats


Length

54 minutes

Words per minute

169.65268

Word count

9,201

Sentence count

57

Harmful content

Misogyny

5

sentences flagged

Hate speech

17

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, we talk about the impeachment of President Park Geun-hye and what that means for the upcoming presidential election in Korea. We also discuss the growing threat of cyber espionage by the Chinese government.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 The first time it was the first time I would like to welcome you to the next episode.
00:00:05.000 Hello!
00:00:07.000 Hello!
00:00:08.000 Hello!
00:00:09.000 I'm a big fan of the U.S.
00:00:10.000 and I'll give you a big voice.
00:00:13.000 I'm a big fan of the U.S.
00:00:15.000 Finally,
00:00:16.000 I'm going to call you the U.S.
00:00:18.000 I'm going to call you the U.S.
00:00:21.000 and I'm going to call you the U.S.
00:00:24.000 I'm going to call you the U.S.
00:00:29.000 I will give you a big fan of the U.S.
00:00:35.000 I'm sorry for the U.S.
00:00:37.000 The U.S.
00:00:41.000 The U.S.
00:00:44.000 The U.S.
00:00:49.000 The U.S.
00:00:50.000 The U.S.
00:00:53.000 The U.S.
00:00:54.000 The U.S.
00:00:56.000 The U.S.
00:00:58.000 this is the primal scream of a dying regime pray for our enemies because we're going with the evil
00:01:18.900 on these people here's not got a free shot all these networks lying about the people the people
00:01:25.500 had a belly full of it i know you don't like hearing that i know you try to do everything
00:01:29.420 in the world to stop that but you're not going to stop it it's going to happen and where do people
00:01:33.000 like that go to share the big line mega media i wish in my soul i wish that any of these people
00:01:40.820 had a conscience ask yourself what is my task and what is my purpose if that answer is to save my
00:01:48.760 country this country will be saved war room here's your host stephen k bann
00:01:55.880 it's holy thursday it's the 17th april in the year of our lord 2025 uh we had to this morning on the
00:02:07.360 show of uh the individual george aminian running for the president of romania in the sovereignty
00:02:12.800 party uh as you know as we do this coverage for brazil or france uh in the united states the
00:02:19.540 legal system of the globalist is all over uh trying to um trying to destroy the sovereignty
00:02:26.580 movement throughout the world the kind of the mega movement that's going global um in korea i think is
00:02:32.240 the most dangerous part of this they've had a coup a coup that the chinese communist party was in back
00:02:38.740 of uh now things are getting sorted out there's going to be a new election colonel john mills is
00:02:43.900 with me and mina kim mina from build up korea mina let me start with you what did we just see there
00:02:49.700 because it it seems like there was this intense period around the coup right to remove the existing
00:02:57.340 president now things are getting sorted about the election to just walk me through the intensity of
00:03:02.040 what we saw a week or so ago where we are today and where are we heading towards on this uh on this
00:03:07.440 election sure i would love to um so things are pretty intense in korea right now with the court's
00:03:14.100 decision to unanimously impeach the president there's certainly a lot of controversy surrounding
00:03:19.160 the martial law declaration which has caused the impeachment the timing the way it's handled
00:03:24.620 some of these are regrettable regrettable in many ways um but however one thing that came out of the
00:03:31.040 whole process is that it opened the eyes of the people to the deep corruption within the government
00:03:35.800 so the video you see right now here is um there's this movement happening called yoon again um but
00:03:42.160 from what president yoon himself has said it's not about him running again he's saying that it's more
00:03:47.260 like a korean version of maga movement which is an effort to inspire people to elect a leader who will
00:03:53.540 make korea great again not and not necessarily him and right now there are about um five or six big 0.79
00:04:00.000 names in the conservative field uh but no one's really dominating in the race uh there's a prime
00:04:06.160 minister han which we'll talk about later um he's acting president right now is not officially running
00:04:12.400 but people are talking about him um he's someone who understands foreign policy really well especially
00:04:18.640 because he used to be um korea's ambassador to the u.s and he tends to appeal to moderates as well as
00:04:24.280 conservatives talk to me is the um in the yoon again are people awakening to the fact that outside
00:04:35.420 influence chinese communist party and others influences were there to actually drive this
00:04:41.080 thing and and to actually have yoon uh removed and and pretty extraordinary in korean politics to
00:04:47.020 actually have him removed from office of course it definitely had an influence i think and one of the
00:04:52.380 biggest threats um korea is facing right now is china's growing influence inside korea um there's
00:04:58.640 ton of ccp espionage going on including drones flying over military bases hacking into government 1.00
00:05:05.640 systems that kind of thing and one hack even leaked identities of the black op agents korean black op
00:05:12.440 agents and sensitive military data and it's not just the cyber stuff the chinese have been buying up
00:05:18.160 over 50 percent of jeju island which is the top vacation spot in korea is now owned by chinese
00:05:24.920 investors and there's also a province called jola province which is kind of like california of korea
00:05:31.940 chinese companies are making massive investments there as well and here's the part where that really
00:05:38.120 worries me in korea foreigners can be can vote in local elections if they've lived here for just three
00:05:46.120 years as permanent residents and that population is growing fast most of them are chinese um so now
00:05:52.640 we've got foreign nationals who aren't even citizens voting in our elections which is very wild and it's 1.00
00:05:58.380 very familiar um and the last serious matter is that the democratic party of korea is against
00:06:04.720 punishing chinese spies under korea's espionage law even though they're clearly a growing threat in korea 1.00
00:06:12.120 where are young people coming out where are people under 30 coming out on on this issue are they are
00:06:20.080 they getting more anti-american are they closer to america they like what they see in the mega movement
00:06:25.460 are they uh be you know getting closer to china i know korean pop is some of the uh most influential
00:06:34.020 and biggest of all not just music but cultural influences in asia and particularly east asia so where
00:06:40.900 are the young people coming out on this so young people in korea are impacted by social media such
00:06:47.900 as instagram or even x we're not big x users but with uh elon musk in america a lot of korean young
00:06:54.960 generation have been um getting into x most lately um and the one of the concern is though we don't have
00:07:02.180 a major conservative media outlet in korea and i i'd say about 99 of the media leans left and a lot of
00:07:08.700 young population are affected by the media as well but they are slowly realizing um what the media is
00:07:15.160 doing is very corrupt and especially with the fact that there's this one um broadcasting center media
00:07:22.200 in korea which is considered a mainstream media um they were actually going under seriously and all of a
00:07:28.800 sudden china's it company called tencent they pumped 10 billion dollars into them and now the outlet is super
00:07:35.700 pro china and pro left and not really pushing for korean interests anymore so korean young generation
00:07:41.740 are under 30 or 30s are realizing that the media is already bought up by chinese forces and something's
00:07:48.480 wrong so um and then uh with the whole president trump and elon musk doge exposing uh government
00:07:55.900 corruption in america they're slowly thinking that korea also has the same problem and they're getting
00:08:02.400 deeper into this issue well colonel mills uh give me your assessment you've been on this for a number
00:08:09.700 of years uh you were the first to give us a heads up that said hey something's happening with yun and
00:08:15.000 they're going to try to make a move on him and clearly they did which is still the most outrageous
00:08:18.740 thing to remove yun uh from office in what was a coup d'etat um where do we stand today sir
00:08:24.720 well thank you uh steve the uh what we have is a massive dereliction of duty within the u.s
00:08:32.920 government to even understand what's going on now some of this is absolutely intentional
00:08:38.140 we have an acting ambassador over there yun y-u-n uh i don't know him personally but i've had several
00:08:48.420 reports he actually was even after the election and he and even after the inauguration i'm talking
00:08:56.740 about the american election november he was actively coordinating with the democrat party of south korea
00:09:03.800 and essentially ignoring and not not uh so he was a partisan so i think we have a huge problem over
00:09:11.620 there right now we need to get a mega ambassador or somebody right-minded okay so here's what but
00:09:19.860 here's what here's what i don't understand south korea has been one of our best allies ever we still
00:09:26.520 have 28 000 combat troops there south korea is what that south korea and australia had our back
00:09:33.360 even during the vietnam war um how could this go i mean i'm upset enough and we're working people
00:09:40.920 should know we're working with it so fact whatever on issues related to brazil why does it appear and
00:09:48.260 at this time you know they're flying over they're trying we're trying to work out a big trade deal
00:09:52.660 with korea why does it seem like we're a little bit asleep at the switch of what's going on in south
00:09:59.340 korea since it's um you know it's always been called what the knife that's pointed at uh at japan
00:10:06.140 it's on you know it's part of mainland asia uh we fought a massive war there with the chinese back 1.00
00:10:11.720 in the 50s i think it was 500 000 chinese troops overran the marines there uh in the army uh this
00:10:19.320 has been something we've been you know involved with since uh world war ii in the 1950s this was
00:10:26.540 always a priority when i was in the seventh fleet we would do combined exercises with the korean navy
00:10:32.900 this is when the japanese navy really wasn't because of their their post-world war ii defense
00:10:37.580 pack really were quite by uh institutionally were pacifist the korean navy was the navy in the east
00:10:46.500 china sea and really in the south china sea in the straits of taiwan because the taiwanese navy
00:10:50.440 was very small and their land forces they're some of the best combat troops in the world
00:10:56.320 i'm just stunned that we're kind of on our back heels when it's so obvious and people you know
00:11:04.060 and people we know that the chinese communist party which is at economic war with us and now
00:11:09.280 we're fully engaged on a global basis right there in east asia they've had a coup and just use guess
00:11:16.600 what uh the the the phoniness of an election and people questioning that like donald trump did and we
00:11:23.620 did and we still continue to do in in romania this morning right you've got issues with bolsonaras on
00:11:30.040 trial uh uh you know across the world how how is it that we seem like we're on our back foot on this
00:11:36.800 so the american footprint over there is dominated we'll just let's just call them what they are
00:11:45.660 we call them tour babies and i'm talking about both the uniform military and even our intelligence
00:11:51.620 community and uh and state department staff the tour babies which are oftentimes they have uh they have
00:11:58.660 spouses that are related to korea they're over there living the good life and they are often ignorant as 0.95
00:12:03.900 to what's really going on on the ground moon jn replaced the top 400 military and intelligence
00:12:13.220 officers that had a close relationship and the american uh counterpart just said hmm okay wow all these
00:12:20.980 people just got replaced okay we'll deal with the new force that uh moon jn put in we gotta i'm sorry
00:12:27.920 hang on slow down slow down slow down slow down stop i want to make sure the audience understands that hit
00:12:33.200 rewind what did you say when did it happen because it's pretty shocking right but i don't think a lot
00:12:39.580 of folks understand that walk us through that again of and how we accepted this as a government
00:12:45.480 walk me through that well this was during uh the biden years but moon jn uh replaced uh summarily
00:12:52.980 maybe even incarcerated maybe even executed the 400 at least top uniform military leaders of south korea
00:13:03.660 and the k cia uh the cia equivalent uh so he did a massive purge and our u.s government response from
00:13:15.300 the deep stater elites was ho-hum this was shocking we should have had alarm bells going off but again
00:13:22.420 it looks like and the usa bumper sticker is all over the korea uh the national election commission and a
00:13:29.700 web over there so it looks like we were we had both people asleep and people in cahoots with the coup
00:13:37.320 that was going on over there um what is our current status right now the state of play the election i
00:13:46.180 think they have to identify they have to they have to come forward and say we're actually going to run
00:13:50.340 i think by may 3rd saturday the 3rd or sunday the 4th then we have election but what's what what do you
00:13:56.640 sense the state of play is right now
00:13:58.560 i like mina go ahead please oh no no john hang on hang on hang on hang on a second john i want you to
00:14:07.700 answer that give me the state of play in your assessment it's they're forming and storming there was
00:14:14.120 great anguish after the uh constitutional court decision which i am concerned they were actually just
00:14:22.640 a feud on april 1st april 2nd it was looking like they were going to actually restore uh president
00:14:29.360 yoon y-o-o-n president yoon uh to his position and essentially uh vacate the impeachment and then
00:14:37.860 somebody talked to them and they flipped all eight went against uh yoon y-o-o-n so this is just shameful
00:14:46.060 i think they're rallying now there was a sense of despair shock but i think they're
00:14:52.400 getting to rally and uh you know the top four uh na kim uh hung han i mean i think they just got
00:15:01.400 to form and storm around somebody who can win and i think it's a pot everybody most koreans know
00:15:08.860 lee of the democrat party is is uh let's just face it he's a crook and he's a he's a shill for the
00:15:15.460 for the communist party and this is very important this is not north korea anymore this is communist
00:15:20.700 china they are the puppet masters uh mina the same question and particularly given i think the 0.96
00:15:29.540 critical path here is the third or fourth you've got a couple people out there isn't i've seen
00:15:34.600 recent polling over the last couple days are people rallying rallying to the prime minister
00:15:39.860 because he's kind of last man standing i think the mayor of soul has already announced he's not
00:15:44.440 going to run so does it look like it's coming around or starting to revolve around was it the
00:15:49.340 prime minister um who's left behind or where do we stand right now in your your mind yes there are so
00:15:57.320 many divisions even within the conservative party when it comes to the candidates um we do have five
00:16:02.920 or six major candidates that are running right now and prime minister han did not run yet um he is
00:16:09.860 thinking about it because the population korean population especially young generation approves him
00:16:15.440 as being the former um ambassador to the united states and he knows america really well and even
00:16:21.680 with the um recent cnn interview of him about the tariff um prime minister han addressed the tariff issue
00:16:29.340 um basically saying that we're not here to fight against the united states um if we can find a good
00:16:34.540 mutual agreement um he thinks that the u.s might be opening to open to adjusting those tariffs and he
00:16:41.700 emphasized um staying cooperative and keeping the conversation going with president smart which is
00:16:47.080 um which is president trump which is very smart um and then the cnn reporter tried to push him which
00:16:53.040 kind of like a lot of young people in korea like this um cnn reporter said if the u.s is korea's friend
00:17:00.400 is this how a friend acts but then prime minister han responded saying every even friendship should
00:17:07.080 be rewarded sometimes um so he was basically acknowledging president trump's 25 percent tariff
00:17:12.560 suggestion um but he made it clear that korea wants to work with the u.s and not against it
00:17:17.620 and this is definitely a um important um point for young people in korea to support prime minister
00:17:24.700 han as being the next president as well but there are definitely um different candidates that are
00:17:29.580 up there they're still up there don't you have a winning out is it the third or fourth that you
00:17:35.420 you come down and basically there's a process where you get down to basically two candidates or is it
00:17:41.120 yes is this multi-party as we run up walk people that's right um within the conservative party for the
00:17:48.040 primary you get to have two uh top candidates in the last minute and then you decide among those two
00:17:55.480 whoever gets the majority vote um will become the nominator nominate nomination of the conservative
00:18:02.280 party and how that gets decided is by the uh vote from the conservative party members which is the 50
00:18:08.720 percent of it and then the rest of the 50 percent comes from the um this is a little weird part but
00:18:15.180 popular uh poll so which can be manipulated anytime so that's how the conservative party uh a nomination
00:18:24.700 gets decided um john mills what should the united states be doing right now in your mind
00:18:32.660 to assist our ally here to get through this time of turbulence well number one get a mega-minded
00:18:40.180 ambassador over there immediately and remove in advance that even remove uh the acting ambassador
00:18:47.740 uh he's a careerist i don't know him personally but my experience with career ambassadors is that
00:18:54.500 about 97 percent uh globalist uh and closet anti-americans third is we should also form an election
00:19:03.760 observation group let's hire let's just like elon musk let's let's form a cell of five ten uh personalities 0.87
00:19:11.920 to go over there in special government employee status that's 18 u.s code 202 to be uh just the
00:19:18.800 presence of an american delegation appointed by trump to observe the election is going to have
00:19:26.260 huge deterrent impact against election malfeasance
00:19:30.480 amazing uh mina any closing thoughts here on holy thursday as we uh this election i think takes place in
00:19:39.140 the final election is in late may am i correct mid to late may um the primary election is the early
00:19:46.160 may actually early may and then when's the general election the general election 30 days after that
00:19:52.880 june 3rd so 30 days after the eve of tiananmen square talk about intense um mina closing thoughts
00:20:00.460 where do you think we are right now what should people in the united states be thinking of what
00:20:04.460 assistance does korea need our great friends and allies in korea of course um i would say this
00:20:10.360 june election in korea is huge if a conservative president does not win we're basically handing over
00:20:16.760 are too far left the legislature and judiciary are already leaning that way and then the presidency is the
00:20:24.440 last thing that's holding the line and i want to emphasize that korea is the only country in asia
00:20:30.620 that's built on judeo-christian values and which is interesting is that our first president which
00:20:36.840 is our founding father literally read the u.s declaration of independence and was inspired to
00:20:42.860 build the republic of korea and today you know korea sends out more missionaries than any other
00:20:48.240 country except the u.s we're second in the world and that i want to say korea is part of america's
00:20:54.580 legacy and i really thank you for that and if america especially leaders like president trump
00:20:59.720 or you see fanon um can speak up and show support for korean conservatives during this election
00:21:05.860 this would make a massive difference even though there's a um some kind of anti-american spirit going
00:21:12.660 around um in part of korea but korean people still love america koreans would line up in front of five
00:21:19.960 guys which just entered korea um for three to four hours to get a burger american burger so that's how
00:21:25.860 much we love america so at this moment if you stand with korea we'll recover our freedom and
00:21:32.460 stand firmly with america and we will fight together in this spiritual battle and that's unfolding right
00:21:38.240 now in the world i mean i don't think there could be a better message to uh america on holy thursday
00:21:44.640 than yours and our great uh allies and uh compatriots in korea this is a fight that's absolutely
00:21:51.480 essential particularly when the forces of darkness have been in back the black hand of the ccp has 0.99
00:21:56.280 been all over this and the korean people have gone through too much too many wars have you know
00:22:02.280 struggled and now have the ability to have some prosperity they need peace they don't need to be
00:22:07.600 sucked into the ccp's orbit right now particularly given all the evil that the chinese communist party 1.00
00:22:13.440 has done to their own people and they intend to do the people of east asia uh mina where can uh build up
00:22:19.720 korea where can people go to find out more about your work and find you on social media
00:22:23.440 of course thank you um it's buildupkorea.org that's our website um you could also go on to
00:22:31.520 um mkim tv on youtube which is my podcast i talk about um u.s politics in a perspective of
00:22:39.500 a biblical worldview and i usually speak in korean for korean people um i also have my x account which
00:22:46.600 is not too big but i'm growing it and um mina kim there it is you can find me at real mina kim
00:22:53.080 and thank you so much steve for the opportunity the the biblical worldview thank you ma'am appreciate
00:22:58.600 you thank you see the great the incredible people incredible what you say the second most missionaries
00:23:07.300 in the world spreading the word of uh of the risen christ and back in the united states come from
00:23:13.200 south korea remember that as we have these folks back in the next uh 30 days look it's all over it's
00:23:18.920 brazil it's romania it's france it's nigel farage in the united kingdom it's here in the united states
00:23:25.620 obviously this fight is a global fight for the sovereignty movement nation by nation because the
00:23:31.940 globalists are just not going to sit there and turn things over to you and they're going to play
00:23:36.200 dirty and they're going to play hard they're going to play hard and they're going to play smash
00:23:39.200 mouth colonel mills closing thoughts on that we got a couple minutes closing thoughts on the chinese
00:23:44.380 communist party the trade war tariffs korea where it all fits in sir i think uh the great game is just
00:23:51.460 this is the great game they're trying to get south korea this is not north korea i've dealt with the
00:23:57.840 north koreans they're nasty this is the chinese communist party pulling a coup right in front of us we got 0.98
00:24:03.960 down in indonesia the chinese are trying to sneak a bomber base into uh indonesia this is just crazy 0.98
00:24:11.680 town but amina mentioned jeju island uh korea has a magnificent powerful navy if china could get their
00:24:20.920 hands on jeju island essentially they control the north uh yellow sea and prevent any uh any uh
00:24:28.600 intrusion by any allied ships this is this is geopolitical strategy the great game in progress
00:24:35.220 steve uh colonel mills where do people go for your uh for your social media thank you steve it's colonel
00:24:44.980 ret john colonel ret john on sub stack and there we go colonel ret john two on x thank you steve
00:24:53.320 colonel mills thank you everything on taiwan and korea uh you've been doing has been just amazing
00:24:59.020 and keeping our audience way ahead of the curve thank you steve it's these are not random
00:25:06.960 occurrences they steal the election in romania they have uh they have le pen scheduled for prison
00:25:17.500 they may do some ankle braces of a home but they scheduled for prison for four years so she can't run 1.00
00:25:22.680 they have bolsonaro in really a fight for his life in brazil because once they send him to prison
00:25:29.420 which they will send him to prison they'll kill him in prison he knows that we have the alternative
00:25:35.260 for deutschland they're trying to suppress and we have uh one of our closest allies they have a coup
00:25:42.060 and i don't know we just appear to be sitting there we have to go all in on these things we're the
00:25:48.340 anti-globalist remember the westphalian system is based upon a network of free countries putting
00:25:57.620 their own interests first to themselves it's the internal logic of this and the korean people have
00:26:05.100 been so absolutely just so absolutely incredible so absolutely incredible particularly as they uh
00:26:10.500 as they uh as they struggle with this given their strong judeo-christian uh values okay we're gonna take a short commercial break
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00:29:36.040 mind in the war room delivering critical financial research every month steve bannon here war room
00:29:42.460 listeners know jim rickards i love this guy he's our wise man a former cia pentagon and white house advisor
00:29:48.820 with an unmatched grasp of geopolitics and capital markets jim predicted trump's electoral college
00:29:54.660 victory exactly 312 to 226 down to the actual number itself now he's issuing a dire warning about
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00:30:36.240 records war room dot com that's all one word records war room records with an s go now and claim
00:30:42.620 your free book that's records war room dot com do it today it's good politics to pick up no taxes on
00:30:51.040 tips all these little things that it's somewhat of a distraction from the ongoing and raise taxes on
00:30:58.080 the wealthy he said it last week is that coming it's coming but what about the tax cut for the wealthy
00:31:03.000 isn't that coming no no no it's going to be extended he's not going to extend the tax cuts for
00:31:06.920 for the wealthy he's going to no tax on tips no tax on social security and no tax on overtime so you're
00:31:12.220 saying all the donors are about to get a tax hike they're already they're already screaming but he
00:31:16.800 said he told the senate that he's open to when the extending the tax cuts not extend open to so no no
00:31:23.740 no but he's already i think and it's got best in the secretary of treasury i think is working on this
00:31:27.480 not to extend it to the upper bracket or make a new bracket anything congress is going to pass that
00:31:32.360 knowing who they get their money from they do whatever he tells them to do president trump
00:31:36.440 comes in and says they do it he'll okay so so the steve bennon plan is that republicans are going to
00:31:42.080 abandon the donor class and then what's going to happen in 2020 where else are they going to go
00:31:46.540 we got total leverage over them where else are they going to go well there's another election
00:31:50.300 coming up they're going in the midterms and the thing but where else they're going to go you if
00:31:53.980 you don't restore if you don't restore the economic viabilities the working class the middle class 1.00
00:31:58.780 and you have to do that by sealing the border right so it's not flooded with with illegal alien
00:32:05.360 labor number two is the terrorists bring manufacturing jobs back and the third is that
00:32:09.940 working class and middle class people need a tax cut they need no tax on tips no tax on overtime and
00:32:15.000 most importantly no tax on social security that's another 500 billion a year we have to come with
00:32:19.800 that that's why it's going to be a huge fight but yeah democrats and progressives had control
00:32:25.660 in 2021 in those first 100 days and they put up a note taxing the billionaires and didn't even get
00:32:31.720 out of committee president trump and the maga movement will raise taxes on the wealthy all right
00:32:36.380 i just think it's bad for the economy now on the other hand it just seems to go against everything
00:32:41.740 donald trump has ever believed in i mean i think he's always understood this um and i've been
00:32:47.540 reading the same things you've been reading and frankly i just haven't been believing it
00:32:51.260 well i i don't think it's going to happen but it's a threat and we've got you know my old friend
00:32:56.760 bob novak you remember bob novak from evans novak used to say the only reason god put republicans on
00:33:02.060 theirs is to cut our taxes and if they're raising them i don't i think it's going to split our party
00:33:06.560 i think republicans will lose the midterm elections don't go there you remember what happened in 1992
00:33:12.400 remember when bush raised taxes we lost everything right uh pretty unbelievable to be honest um i i'm
00:33:21.460 just i'm at this point because of reconciliation i mean what republicans would go forward with a tax
00:33:31.280 increase when they should be making the the trump tax cuts permanent eliminating tax on tips social
00:33:37.920 security and overtime because that's what the president promised why would they go in any other
00:33:42.340 direction because they're worried that democrats are going to say what they always say tax cuts for
00:33:47.780 the rich when in fact after the trump tax cut of 2017 the share of taxes and the amount of taxes paid
00:33:54.200 by the rich went up it didn't go down and quickly on taxes on this tax day all kinds of stuff floating
00:34:00.540 out there we don't have the makings of this bill yet but there's all kinds of trial balloons going out that
00:34:05.500 the top tier could be tax increase there could be a raise in the business corporate tax is that real
00:34:12.080 you know in my day in my experience which has been a couple of years in this game in and out of
00:34:18.720 government i thought it was the republicans that wanted lower taxes and the democrats that wanted
00:34:24.800 higher taxes although i guess that's not always true i thought the republicans wanted to reward success
00:34:31.340 not punishing it this loose talk about a higher top another new bracket uh for millionaires i don't
00:34:38.960 think it's a crime to be a millionaire by the way small businesses would pay this top bracket i do not
00:34:45.200 understand this i can't believe mr trump's going to go along with this he he campaigned on you know
00:34:51.220 extending his tax cuts adding some great middle class tax cuts on tips and overtime and uh seniors 0.52
00:34:58.680 that's all good lowering the corporate rate if it's made in america to 15 that's a great inducement
00:35:05.200 for people to onshore that's what he wants why would he want to penalize successful investors
00:35:11.120 successful people who are helping to onshore and successful small businesses that strike it hot i i
00:35:18.440 don't understand and i i can't i can't believe what i'm hearing it's giving me a headache all right tax day
00:35:23.680 should be tax cut day we'll get you some advil and we will uh we'll call it a day but we'll see
00:35:28.820 how it comes together larry thank you so much thank you brett before we get into the all the good stuff
00:35:34.380 in the tax bill i want to uh alert you and your listeners to something i'm hearing that i think is
00:35:39.680 very dangerous so we need to get all conservatives to shout out against this which is that there are
00:35:45.560 some in congress some republicans who want to raise the top income tax rate that that would be a
00:35:51.560 total disaster for those of us who are old enough to remember when george hw bush raised taxes and
00:35:57.760 remember read my lips uh it split the party it it uh it did great damage to the economy and it led to
00:36:04.920 the election of bill flinton so republicans would be making a major mistake if they raised the top
00:36:11.820 rate in fact every time in history by the way my buddy art laffer has a great book out on this called
00:36:17.580 taxes have consequences every time we've raised tax rates the economy has gone into recession
00:36:22.200 that rich have actually paid less taxes and um the burden has shifted to lower income people this is
00:36:28.560 not a way to help america and i just wanted to get out that out there so i want your listeners to
00:36:33.160 call your congressman or senator say do not raise tax rates on anyone that's not what we do as
00:36:37.800 republicans okay this is not what we do with republicans everything you heard from hannity
00:36:43.500 from steve moore and larry kudlow is just spin and and hype first off the bush tech cuts he raised
00:36:50.520 them against everybody this is just taking the top bracket and it's a snapback goes from 37 to 39
00:36:58.080 and maybe a new bracket which i recommend i strongly support of a new bracket of millionaires to go to 40
00:37:04.140 percent we're not doing we're not thinking of people are not pushing this because uh of any kind
00:37:11.100 of you know recriminations or revenge or you know soak the rich that has nothing to do with it
00:37:18.460 it's very much just back to simple math number one you're you're doing this so you can afford
00:37:24.060 additional cuts for the working class in the middle class that would be you this audience 0.66
00:37:29.660 right now the tax cuts from president trump are going to be extended and made permanent
00:37:34.140 for you the upper bracket starts i think it's 600 000 or 673 or something like that
00:37:41.500 okay it's not going to be extended for them they will snap back from the 37 to basically the 39
00:37:47.980 if you make over a million dollars you'll be 40 or above and for the bayoners will be 40 percent
00:37:54.860 the um the reason we're doing this and so it's not when they say the bush in 92 they're just lying
00:38:04.780 that was a tax that he raised taxes on everybody that's not happening here because we have to
00:38:10.700 find additional resources for no tax on tips no tax on overtime and no tax on social security for the
00:38:17.180 working class the middle class
00:38:21.500 the two numbers to keep in mind are six and a half percent to three and a half percent
00:38:24.540 president trump's plan as articulated by scott besant but scott besant laid it out many times in the
00:38:32.940 campaign the run-up is to take the deficit these massive deficits from right now six and a half or
00:38:38.940 seven percent of gdp and remember i'm gonna give you some facts all they give you a spin
00:38:44.780 and whining and throwing the toys out of the pram
00:38:52.140 the deficit for the first six months of the year is 1.3 trillion dollars i have told you that we're
00:38:57.980 going to blow through two trillion dollars and i think you're gonna get to two and a half
00:39:01.020 it's not sustainable the financing of the 37 trillion in debt particularly as you're adding
00:39:08.780 essentially a trillion dollars every hundred or so days who's the first person to do that analysis
00:39:14.140 and get it out there you're correct stephen k bannon in this show a year or so ago a couple years ago
00:39:21.820 what besant is focused on is the percentage the six and a half percent we're running
00:39:25.660 as deficit to total gdp at six and a half percent it's not sustainable uh let me note that that's
00:39:33.420 what's happened in france when macron's party was thrown out of the parliament right their congress
00:39:40.540 was thrown out because their solution at six and a half percent they're not it's not sustainable for
00:39:45.740 them they had to get to three three and a half percent which is not great but at least it's livable
00:39:50.460 they went in in and had a whole bunch of uh taxes on working class people in the front national now
00:39:57.740 or national rally said no we want to cut out the globalists we're going to cut the embassies and
00:40:01.980 that's how they got thrown it that's how they shifted over this is why liz trust was turfed out 0.62
00:40:09.260 by the bond market you have to get to three three and a half percent how do you do that well number one
00:40:16.620 with the supply side tax cut that we're going to have here and corporate taxes to larry kudlow
00:40:22.540 they're not putting the reason we're not going to agree to and it's ridiculous go to 15 percent
00:40:26.940 is the corporations don't take that money that's saved and put in plant and equipment to build up the
00:40:31.020 united states and to hire more people they game the system and buy equity and game it to drive stock price
00:40:38.140 because all their pay packages warrant packages and option packages they make a fortune they walk away
00:40:43.580 that's not what you can't trust the corporations they're not trustworthy how do i know that look
00:40:48.700 at the dei programs they were the worst they were the commissars the people in the c-suites have no 1.00
00:40:54.700 values they don't believe in the judeo-christian west they don't believe in the underlying tenants
00:40:59.020 of this country kind of maybe they you know they they they'll do a commercial with american flag
00:41:04.540 and some cowboys make you feel better right they're american you can tell by their actions
00:41:10.380 by their actions ye shall know them
00:41:18.220 six and a half to three and a half percent how you're going to get the number one you
00:41:20.620 with the cut you could grow your way up but even the consensus is around i don't know 2.5 to 3.5 maybe
00:41:27.180 three percent you get the three percent growth you're going to be lucky so you take you take that as the
00:41:32.940 as the denominator and you look at all the tax structure you have today and you'll generate
00:41:36.780 i don't know four and a half trillion dollars of revenue but then you got to cut back no tax on
00:41:43.660 tips no tax on overtime no tax on social security leaves a bigger hole the spending's not being cut
00:41:49.660 if they can show us where the spending's being cut doge show me the money you have to have i'm not
00:41:55.820 trying to dump on anyone's got i'm a big supporter doge but we need to see tangible tangible tangible
00:42:02.140 cuts he's said it was what trained dollars is not going to be then he says 150 billion next year
00:42:07.740 just you know russ vote said hey i'm finding something i'm trying to do something he's got
00:42:11.900 a rescission for 10 billion dollars it's basically optics to take out pbs and npr and to basis do the
00:42:19.500 first part of usaid which has to be done but we have to cut spending you're going to have to cut the
00:42:25.340 defense party don't do that you're never going to cut the social programs of discretionary we'll figure 0.94
00:42:29.740 the entire was like just a discretionary now you need a couple hundred billion dollars of cuts
00:42:33.100 where's it going to come from these bills they're talking about folks have 170 billion dollars 0.67
00:42:38.860 essentially for the disaster we have in the deportations and 150 billion dollars to the
00:42:44.620 pentagon on top of the 900 billion dollar defense authorization act that's over trillion dollars
00:42:50.860 there's gonna be help there's gonna be a huge fight on that they don't want to cut that
00:42:53.580 so if you're only growing it so much and growing and you have additional tax cuts for the middle
00:43:00.300 class and working class and you're not making massive cuts out of spending you're doing these
00:43:05.180 tiny marginal cuts remember is this not steve bannon just kind of winging it they went to drow
00:43:10.140 the house went to drow for a three-day seminar back a couple of months ago remember they came up
00:43:15.100 with 30 billion dollars i think the 30 bay was over 10 years the 1.5 trillion they're trying to fool
00:43:23.020 you with that is over 10 years that is 86 trillion dollars currently of spending 86 trillion
00:43:30.220 of spending and they want to cut 1.5 so it's all performative and that's in the out years it'll never
00:43:34.780 happen my point my point is the gap here is going to be six and a half percent not three and a half
00:43:43.660 percent it's not sustainable the bond market is going to have a vote well we don't want to get into a
00:43:50.300 situation okay is where president trump's already the the alternatives because of what happened to
00:43:56.700 him before what happened before he got here are getting narrower and narrower and narrower
00:44:03.580 it just are we don't have expanding alternatives we got decreasing alternatives why
00:44:09.020 we have 36 trillion in debt and we've shipped all the manufacturing jobs are see we're not a
00:44:13.020 manufacturing powerhouse and we still have this mentality of the pentagon we got to be all over
00:44:19.180 the world we have two as we sit here tonight on holy thursday and i hate talking about something as
00:44:27.260 grubby as money and taxes in the run-up to holy thursdays um ceremonies and um and um activities
00:44:37.340 but this has got to be hammered out because there's too much you're getting all the spin
00:44:43.980 this is about the upper class this is about the upper bracket the wealthy who have all their paid
00:44:49.180 surrogates like steve moore because he's paid by steve forbes and these guys and the larry cuddle of
00:44:53.900 the world over at murdoch and sean hannity over at murdoch are all trying to defend the the and
00:45:00.140 it's just it's mathematically doesn't work guys now one of the reasons i'm saying doing this and
00:45:07.020 it has to be done i want those people incentivized to cut spending why are we not cutting spending why
00:45:13.420 is it so hard because the wealthy don't want to cut spending because they get a total free ride
00:45:19.420 they have incredibly low tax structure uh most of them have all types of um you know protection
00:45:27.420 right tax breaks on investments they do and other things they do so they're not really paying that
00:45:35.660 and with more federal spending you can see everywhere you go the university it's all federal spending
00:45:41.820 look at the law firms the law firms sat there and he broke the law firms in 24 hours
00:45:46.700 by including one line said well we're taking security clearance away you're not going to be
00:45:50.060 or work on government contracts and by the way any clients you have that are identified your
00:45:57.580 identified clients will not be able to go for government contracts while you're retained hello
00:46:02.540 uh we we surrender we surrender why because it's all the government trough that's why spending doesn't
00:46:10.460 increase the decrease and they say oh it's entitled it's entitled for the so working class get a thousand 0.99
00:46:14.940 bucks a month from you know um from social security they put in that's the worst the biggest mortal sin
00:46:21.820 in the world for these folks it's the trillion dollar defense budget i'm a hawk but i'm a smart hawk
00:46:29.180 about how we have to do it not just this just orgy of spending it's an orgy spending we have everywhere
00:46:35.580 we have to make cuts and they're going to be tough the medicaid cuts are going to be cuts are going to be tough
00:46:39.740 on maca so guys if you can show me how we get to six and a half from six and a half percent to three
00:46:46.460 and a half percent because even three and a half is not not sustainable but it's a start show me how
00:46:53.100 you get there without getting a little more a little something into the coffer and politically it's a
00:47:00.140 no-brainer what they got wrong is the world has changed since back then number one bush gave a raise to
00:47:08.060 the to the to the middle class and to the working class the world has changed the politics now it's
00:47:15.900 a no-brainer that's why people are in shock the denver says what are they talking about they're in
00:47:20.140 shock let's put up the we put up the uh the hill uh story if we can get that up denver just put that
00:47:26.220 up on the screen the hill was the lead story day was up almost all day people are absolutely in shock
00:47:31.340 in the bill maher uh that was the post game in in hbo and that's supposed to be kind of comedic
00:47:37.340 they really want funny answers but i didn't give a funny answer the audience gasped
00:47:43.180 they're so shocked to think that the republicans would do what has to be done and is a profiling
00:47:48.860 courage that has to be done and politically it's a no-brainer and in addition you gotta give these
00:47:55.980 additional cuts and i you know there's all types of other things you know in the interest
00:48:00.620 all this there's so many other things to be done to bolster the middle class and the working class
00:48:04.620 and they and they say oh we pay the bulk of tax anyway of course you do we have the greatest
00:48:10.300 concentration of wealth we've ever had in the country's history of course you're gonna pay more
00:48:13.420 taxes i'm actually surprised you pay so little taxes the concentration of wealth in this country
00:48:20.300 is is is unbelievable since the financial crisis of 2008 because they all bailed themselves out
00:48:25.420 this is a no-brainer we're going to fight this one
00:48:27.340 to the bitter end and go over norcross these guys the no tax pledge hey no tax increases on on
00:48:34.380 the middle class and working lives i'm one million percent down with that people are too big a tax 0.99
00:48:41.020 burden but for the wealthy that have made out in this country and yes they're job creators and we're
00:48:44.780 not taking away from the work they did but no offense it's not the end of the world it's a snapback
00:48:49.260 from 37 to 39 percent i actually advocated this in 2017 and it would have been the smart the smarter
00:48:57.820 thing to do but it was shot down principally shot down by progressive democrats in the white house
00:49:03.180 because guess what we did have progressive democrats in the white house
00:49:07.340 it was uh i had a failure to launch but that's okay i'm did you know i'm not going to win them all
00:49:13.660 but i'll be back and i'm going to win some i'm going to win more and i lose and we're going to win this
00:49:17.420 one because it makes compelling economic sense it makes commitment compelling uh political sense
00:49:26.380 and it happens to be the right thing to do you're going to have all types of things that this is
00:49:32.460 communism republicans don't do that well hey guess what this is why it's a new republican party
00:49:38.620 what they're talking about steve moore and larry kudlow and arthur laffer and grover norquist and
00:49:44.140 sean handy are from the land that time forgot they're from a different day in a different era
00:49:50.780 and they represent the vested interest in this nation right the wealthy and the wealthy have
00:49:57.100 been irresponsible and we're in a financial crisis right now i don't need to tell that but even if
00:50:03.820 you're middle class you have a nice job and you have a little money tucked away and some stocks
00:50:07.180 what would happen if they walked in tomorrow which they are it's not with the zero probability and say
00:50:13.820 hey you're out of here boom no severance no salary no nothing what in in the morning of the 101st day
00:50:21.020 if you don't have a job or don't have a job near the salary you're going to be in good shape i don't
00:50:26.300 think so you can be nervous with all the work you did and all the education you put in and everything
00:50:32.060 you did you're gonna be nervous well that's we're here to make sure we rectify so this is happening
00:50:39.900 birch gold make sure that you understand make sure you understand the process of how gold has
00:50:45.980 gotten to all-time highs okay make sure that you understand that if you understand that you're going
00:50:50.460 to understand a lot birchgold.com
00:50:52.780 bannon the end of the dollar empire gets you the full understanding of all of that
00:51:02.940 the process the reason the world's central banks are buying gold at record rates
00:51:07.420 why is that why is the chinese companies party doing it you understand that you start to unbuckle
00:51:12.940 the chains and get to your financial freedom even before you buy any gold
00:51:17.740 gold but i think you talk to phil patrick and the team they'll set you right okay we're going to be
00:51:23.900 back here at a good holy thursday uh the services are going to start here shortly we will see you
00:51:30.540 tomorrow morning on good friday at 10 a.m eastern daylight time see you then in the world
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