Bannon's War Room - WarRoom Battleground EP 766： Rise Of Threat And War With Persia

00:00:00.000 But he can't be bought, unlike most of the politicians in this country.

00:00:15.220 And he is standing here for the American people.

00:00:18.120 I don't know what, you know, there's writers like Elizabeth Warren or Robert Reich who

00:00:25.000 are saying that President Trump is on this side of the oligarchs.

00:00:28.960 There has never been a president more willing to stand up to the oligarchs than President

00:00:35.640 Donald Trump.

00:00:36.640 And I'm very, very proud of you, Mr. President, for your courage, for, I'll say, because I

00:00:43.520 don't want to be crude, your intestinal fortitude, your stiff spine, and your willingness to stand

00:00:51.860 up for the American people.

00:00:53.960 We have 4.2 percent of the world's population.

00:00:57.280 We, our country represents 75 percent of the revenues for pharmaceutical companies.

00:01:03.960 And Donald Trump will touch down in the Middle East this week.

00:01:08.640 Tonight, in fact, stopping in Qatar, Saudi Arabia and the United Arab Emirates, but not

00:01:12.640 Israel.

00:01:13.640 Over the last few weeks, Trump has gone from being aligned with Israeli Prime Minister Benjamin

00:01:17.640 Netanyahu on key issues like the war in Gaza and Iran's nuclear weapons access to sidelining

00:01:24.640 him.

00:01:25.640 And according to exclusive reporting from NBC News, it has Benjamin Netanyahu worried.

00:01:31.320 Joining us now, NBC News senior correspondent covering national security and the military,

00:01:36.320 Courtney Kubi.

00:01:37.320 And still with us, Eli Stockels and Stephen Cook.

00:01:39.320 All right.

00:01:40.320 So, Courtney, give us the reporting on the seeming rift between both Donald Trump and Benjamin

00:01:46.320 Netanyahu.

00:01:47.320 Yeah, Katie, so this is really more of sort of a growing divide.

00:01:52.500 Now, when President Trump came into office, it seemed that the two leaders were really

00:01:56.160 on the same page when it came to two pressing issues in the region.

00:01:59.800 That is the war in Gaza and what to do about the threat from Iran. 0.90

00:02:04.500 But as time has evolved over the last several months, several of those issues, they seem to

00:02:09.000 be splitting or not seeing exactly eye to eye.

00:02:12.540 So, for instance, President Trump, according to officials we spoke with here, and this

00:02:15.940 is reporting by our colleagues, Carol Lee, Andrea Mitchell and Dan DeLuce and I, President

00:02:20.420 Trump was upset when when Prime Minister Netanyahu decided to begin another military campaign

00:02:26.420 in Gaza because it was really at odds with President Trump's idea that he was very public

00:02:31.300 about to rebuild Gaza and essentially make it into the Riviera in Gaza.

00:02:36.920 That was one issue that we had we heard about.

00:02:38.780 But another was just even more recent than that, as recently as several days ago, when

00:02:43.840 President Trump said that he wasn't quite sure if you if it was OK with him, whether

00:02:47.820 Iran would be able to produce uranium for so-called civilian use or peaceful purposes.

00:02:53.360 Well, that, according to the officials we spoke spoke with, really rankled Prime Minister

00:02:57.700 Netanyahu, of course, is believes that Iran should not be able to enrich any uranium.

00:03:02.740 And then, Katie, to add to that, several days ago, President Trump surprising many, including

00:03:08.180 many people here in this building by saying that the U.S. and the Houthis had agreed to

00:03:12.120 essentially a ceasefire where the Houthis would not attack U.S. ships and the United

00:03:16.840 States would no longer conduct airstrikes into Houthi-controlled areas in Yemen.

00:03:21.740 Well, this also caught Prime Minister Netanyahu by surprise, leading him to then say, well,

00:03:27.000 fine, we'll just defend ourselves against the Houthi rebels, the Iranian-backed Houthi rebels.

00:03:30.880 So this this relationship that really started out after the inauguration as being completely

00:03:35.460 on the same page on most issues does seem to be moving apart.

00:03:38.400 Now, I should say, Katie, the officials we spoke with said, look, behind the scenes, others

00:03:43.020 sort of below the level of the leaders of these two countries are still working together towards

00:03:48.300 the same aims.

00:03:49.200 But it's really notable, given the fact that Prime Minister Netanyahu and President Trump

00:03:53.380 came in believing that they would be on the same page and they would be in a close alliance

00:03:57.260 on many of these issues, Katie.

00:03:58.380 This is the primal scream of a dying regime.

00:04:06.160 Pray for our enemies, because we're going medieval on these people.

00:04:11.380 You're just not going to get a free shot at all these networks lying about the people.

00:04:15.640 The people have had a belly full of it.

00:04:17.560 I know you don't like hearing that.

00:04:18.980 I know you've tried to do everything in the world to stop that, but you're not going to

00:04:21.220 stop it.

00:04:21.680 It's going to happen.

00:04:22.940 And where do people like that go to share the big line?

00:04:26.360 Mega Media.

00:04:27.240 I wish in my soul, I wish that any of these people had a conscience.

00:04:33.160 Ask yourself, what is my task and what is my purpose?

00:04:36.880 If that answer is to save my country, this country will be saved.

00:04:43.240 War Room.

00:04:44.100 Here's your host, Stephen K.

00:04:46.160 Bannon.

00:04:51.800 Monday, 12 May, Year of the Lord, 2025.

00:04:54.780 Historic day.

00:04:55.640 Just got more historic.

00:04:57.820 If Denver could please put up, just as we went to break, the Hill newspaper, I guess

00:05:04.940 got leaked, the debt ceiling increase to going to go part of the big, beautiful bill has

00:05:10.980 now been in the Hill and Bloomberg, both on a quick and dirty analysis of it.

00:05:14.560 And I want you to lay your number two pencil down right now.

00:05:21.580 Okay.

00:05:22.340 Down.

00:05:23.260 Don't write this down.

00:05:24.460 But just remember, I want to go down memory lane and remember where I heard this first.

00:05:29.440 Remember where I heard this first.

00:05:34.540 The debt ceiling request.

00:05:36.280 And we're not opining on this currently.

00:05:40.140 We're going to break it down tonight.

00:05:41.140 Talk tomorrow.

00:05:42.400 Try to get EJ and Tony on.

00:05:43.900 Probably tomorrow.

00:05:44.600 $4 trillion.

00:05:49.600 And the duration.

00:05:51.600 Wait for it.

00:05:54.480 Right after the November midterm election.

00:05:56.500 Just saying.

00:05:59.440 So, folks, that means at least two, it's going to be two and a half trillion this year.

00:06:05.140 Because we didn't do the work and accepted the Biden-Pelosi budget.

00:06:11.780 It's going to be two and a half trillion.

00:06:12.800 Well, the tariffs, $16 billion helped take down the size of the deficit for the month.

00:06:19.620 I think a huge number, massive number.

00:06:23.200 But $4 trillion in 18 months.

00:06:28.360 Under two years.

00:06:31.540 The model we have in the nation is not sustainable.

00:06:37.100 The political class and Johnson and these guys have to understand.

00:06:41.480 And this is not a tax cut now.

00:06:45.080 This is a tax shifting.

00:06:47.360 Because this is going to go into the working class and middle class with higher interest rates.

00:06:52.740 Absolutely brutal.

00:06:54.060 And the generation of 30, 40.

00:06:57.000 If you want to sit here and just steal their future, let's just go down the path we're going down.

00:07:03.180 I also don't believe.

00:07:04.560 I had not done the math.

00:07:05.860 But the purpose of this, under Secretary of Treasury Besant, remember, for the confirmation years, all of it, in the campaign, you can't eliminate these deficits overnight.

00:07:16.900 We're not going to get to a balanced budget overnight.

00:07:18.700 Now, they try to do the gimmicks on the 10 years.

00:07:21.120 Forget that.

00:07:21.680 I'm talking fiscal year 25 and September 30th, October 1st.

00:07:25.820 We start again fiscal year 26.

00:07:29.680 That will end September 30th, 2026, 60 days before – no, less than 60 days before – I guess 45 days, 47 days before the election, the midterm election in 26.

00:07:42.500 It's shortly thereafter that we hit the debt ceiling, hit the debt ceiling.

00:07:46.280 So we won't get involved in the election.

00:07:47.860 That's the old trick.

00:07:51.620 But there you're talking about at least another $2.000 deficit.

00:07:55.220 I think if you do the math, because the purpose of the game was to get from the 6.5% to 7% deficits to GDP, which are definitely not sustainable.

00:08:04.720 This is why they're meeting in Rio.

00:08:07.160 They're not going down there to party.

00:08:09.700 They're going down there to kind of – in their perspective, set things right.

00:08:12.700 I'm just saying, and these are a lot of non-good – there's a whole lot of not-good hombres going to be there that don't love the United States of America.

00:08:22.320 Do not tear up when they see old glory, okay?

00:08:25.920 Some guys in Moscow, a couple, three in Beijing, maybe a couple in Persia, in Tehran, these mullahs, right? 1.00

00:08:34.800 They're all for taking us down.

00:08:36.200 I don't think $4 trillion, if I'm on the path to get to $3.5, which is not great, but somehow it's sustainable, it's not balanced or somehow sustainable, I don't know how you get to $4 trillion.

00:08:50.960 So get ready for another summer of love, because this one's going to be intense as we go through the economic plan here in the United States and the financing of the United States government.

00:09:01.600 E.J. and Tony, I think we'll get E.J. and Tony on hopefully tomorrow, either morning or afternoon.

00:09:08.960 He's slamming around, but he's been putting tweets up there, although he was gobsmacked when I sent him the thing on the debt ceiling.

00:09:18.740 Also, and E.J., we're going to do some work tonight.

00:09:21.660 I'm not so sure the supply-side cuts in this thing, I'm not so sure they're permanent.

00:09:25.860 So we have to make permanent the cuts to the middle class and to the working class. 0.79

00:09:33.160 They have to be made permanent.

00:09:34.360 We've got to do it now where we've got Trump.

00:09:36.480 We also have to make permanent no tax on tips, no tax on overtime, and we've got to figure out there's no tax on, I can't figure out the Social Security thing,

00:09:46.400 and if I can't figure it out at first glance, I'm not a tax guy, but there's something here that doesn't feel right.

00:09:53.100 Maybe it is.

00:09:53.840 I just don't understand it.

00:09:54.740 We'll get to that.

00:09:56.620 Part of the reason you need that $4 trillion, by the way, that will put us at $40.

00:10:03.280 So right after the, we're asking permission, so right after the midterm election of 26, which is a little over 18 months away,

00:10:13.580 we will have 4-0, or hit the big 4-0, $40 trillion.

00:10:19.720 This month, we just gave it to you, $101 billion in interest alone at 36.

00:10:28.620 You didn't buy any aircraft carriers.

00:10:32.620 You didn't buy any, you didn't get any Head Start programs.

00:10:36.200 You didn't get any schools or hospitals.

00:10:40.780 You got nothing.

00:10:41.800 You paid bondholders.

00:10:43.960 And then bondholders are going to be asking for a whole lot more.

00:10:48.120 Watch.

00:10:50.220 The bond market's going to have it.

00:10:51.840 They're going to be part of the decision-making.

00:10:53.800 We've gone long enough when they have it.

00:10:55.420 I'm telling you, they're going to look at that and go, I don't know.

00:10:57.700 This is why you had the turmoil you had in the bond market a couple weeks ago, Gabrielle worked up.

00:11:03.100 That was not because of President Trump's tariffs.

00:11:05.200 That was part of it, just a little part, is because they couldn't get their arms around what was going to be the situation with the big, beautiful bill.

00:11:13.140 And if anything makes my point about not extending tax cuts to the folks doing the best off in this country and not making them permanent,

00:11:22.740 it just stands at Grove of Norcross, your serve.

00:11:27.300 Okay?

00:11:27.580 Because there's, I've been preaching this gospel.

00:11:30.240 The math doesn't work.

00:11:32.020 And they just showed me the math doesn't work.

00:11:34.520 Full stop.

00:11:35.780 The math does not work.

00:11:38.760 And the supply side cut of this night in permanent.

00:11:42.940 We're going to get into it.

00:11:44.300 Games being played on Capitol Hill.

00:11:46.520 It's time for games in.

00:11:47.580 You see them down in Texas.

00:11:48.620 You see them up here.

00:11:50.640 They're going to fight you every step of the way.

00:11:52.220 We just got to get into it.

00:11:53.160 Get the math right.

00:11:54.260 Now, one of the things I'm absolutely concerned about is, obviously, defense spending.

00:11:59.020 I consider myself a hawk.

00:12:00.200 But a trillion dollars worth of true up.

00:12:02.260 And I understand Russ Vogt's strategy.

00:12:03.940 We've got to true it up now so we don't get caught.

00:12:05.560 Boom, boom, boom.

00:12:06.040 I got it.

00:12:06.560 But it's too much.

00:12:08.220 The rent's too damn high.

00:12:09.580 And it's too much money in defense.

00:12:10.940 Full stop.

00:12:12.440 So I've asked my good friend and colleague and brother-in-arms, Frank Gaffney, to come on and not talk about numbers today.

00:12:20.020 Frank's quite worked up, as a lot of folks that are quite close to me, about this situation.

00:12:25.120 The president right now, even as we speak, hurtling towards Saudi Arabia.

00:12:29.860 At first, I think there was going to be Jerusalem at the tail end of this. 0.98

00:12:34.680 The first trip we took, and we made it symbolic, Riyadh first, Jerusalem second, Rome third.

00:12:41.060 I think it was a magnificent trip.

00:12:43.140 Kicked off, which was just a—I thought we had a great run in the Middle East under President Trump's guidance the first time.

00:12:51.340 But, Frank, what is going on here?

00:12:53.520 And here's kind of—what is actually the state of play, in your opinion?

00:12:58.660 Your assessment, I should say, not opinion.

00:13:00.420 Your analysis, because you're very good at this.

00:13:02.740 And why are you and some of my other colleagues so hepped up on a potential military option against the Persians?

00:13:13.360 Frank Gaffney, the floor is yours.

00:13:16.480 Thank you, Steve.

00:13:18.280 I want to level set a little bit, if I may.

00:13:20.820 I'd like to start with what I think is the Trump doctrine, if one has emerged.

00:13:26.100 And that is, we don't want to be engaged in endless wars.

00:13:30.720 You say that every day.

00:13:32.040 We don't want to be responsible for regions of the world.

00:13:38.500 We want our allies in those regions to be responsible for them.

00:13:42.720 And yet, we also don't want to have our vital interests sacrificed or otherwise squandered.

00:13:52.420 And where the solution set to that problem, which is, you know, in dynamic tension, let's face it, exists, is those allies with our support can, and we ought to encourage them, to defend our vital interests as well as their own.

00:14:13.000 And if that has any exemplar in the world today, it sure is not in Europe, right?

00:14:22.640 Somewhat inadequate in the Pacific as well, alas.

00:14:28.040 It is Israel.

00:14:29.440 Israel is prepared to fight her enemies, which just happened to bear a pretty perfect correlation to our enemies in the region, whether it's the Iranians or Persians, as you like to call them. 0.94

00:14:45.960 And I want to emphasize one point, Steve.

00:14:47.800 I've been so proud of you in making the distinction in this other theater that we're both very concerned about between the Li Bajing, the people of China, and the regime that misrules them.

00:15:01.600 We need to and must and certainly can make that same distinction between the people of Iran and the regime that not only brutalizes them, but threatens us, much as the CCP does.

00:15:14.200 So Israel is prepared to do what needs to be done here. 0.90

00:15:19.220 And I think, just again, to level set, it's not a land invasion of a country the size of Iran, especially since all those people are not opposing us.

00:15:32.300 Hang on one second.

00:15:33.200 Hang on one second.

00:15:34.060 I want to get a level set.

00:15:35.420 We got it because I gave you – we got some runway here. 0.92

00:15:37.720 I want to go back to October 7th and not talk about the raid, how horrible the raid is, but the military actions of the IDF and the Israelis against enemies to the north, enemies to the – I guess to the east, enemies to the south, others.

00:15:56.920 Where do they stand today of what action they've taken and where do you think they stand overall, whether it's in Syria, potentially against the Turks, in Lebanon, Hezbollah, the proxies, Hamas, the Houthis?

00:16:11.240 Where do you think we stand?

00:16:13.680 Well, they're in, I think, somewhat dire straits, Steve.

00:16:18.960 I've lost count.

00:16:20.020 Some people have said it's a seven-front war.

00:16:21.740 I think it's at least up to eight, but whatever it is, they're fighting all comers, but the comers are all basically animated by or certainly aided by Iran, which is why Iran is the key to unlocking this very dangerous situation, again, for us as well as the people of Israel. 0.88

00:16:44.300 And what I was starting to say is this, if you understand that the Israelis are prepared to take on the Iranians directly, and you asked the question, you know, so how have they been doing?

00:16:56.560 They've been doing amazingly well.

00:16:58.660 I mean, brilliantly, one might even say.

00:17:00.720 October 7th was a disaster, no doubt about it.

00:17:03.920 We can talk about why.

00:17:05.080 But since that point, especially since for most of the intervening period, except for the last four or five months, they were having the, you know, chop-locking of the Biden administration at every turn.

00:17:20.820 It didn't want them to win.

00:17:22.460 It wanted their enemies to win, and ours, by the way.

00:17:26.200 So despite that, you know, the beeper takedown of Hezbollah, for example, what they have now got going in Gaza, finally, when they're taking and holding territory and they're moving people out of the areas where they can be cared for, fed, clothed, and so on, without feeding and clothing and housing and otherwise enabling their rulers, Hamas. 0.84

00:17:51.660 But the kicker is this, Steve, what Israel, I think, is now prepared to do, and I believe must do, is not go do whack-a-mole on countless, I said not a ground invasion, obviously, but not do whack-a-mole on these nuclear facilities.

00:18:11.020 Because it's clear, even with the incredible intelligence that Israel has brought to bear on this, including, by the way, taking out of Iran all of the nuclear secrets of Iran's nuclear program up to that point, obviously.

00:18:26.940 They still don't have perfect knowledge, we certainly don't, of exactly where everything is, especially if there may be a nuclear weapon somewhere in some rat hole someplace in Iran.

00:18:39.200 But what they can, and I think, know they now need to do, is to free the people of Iran, to crush or at least greatly diminish the power of the Iranian Revolutionary Guard Corps, the IRGC,

00:18:55.240 so that the people of Iran finally have a shot at doing what they've been trying to do repeatedly over the past 45 years or so,

00:19:03.560 which is to get out from under these guys, to return to the civilized world, to live in freedom and peace with their neighbors,

00:19:11.760 instead of constantly terrifying them or trying to destroy them and threaten, as I said, not just Israel, but us.

00:19:18.240 And the interesting thing here is, you know, much is being made now, including that clip that you read on NBC,

00:19:24.680 that there's some, you know, rift between Bibi Netanyahu and Donald Trump.

00:19:29.700 I don't think that's what's going on here, personally.

00:19:32.500 For one thing, all of Bibi's enemies are Donald Trump's enemies.

00:19:37.720 Whether it's the, you know, the globalists, the global elites, the European Union,

00:19:42.520 and, of course, all of the Sharia supremacists of both the Sunni and the Shiite stripes,

00:19:48.240 and, you know, it just goes on down that list, including domestic enemies.

00:19:52.720 Enemies now like, oh, I don't know, Barack Obama, Chuck Schumer, the Democratic Party.

00:19:58.560 They hate Bibi Netanyahu, and until Donald Trump returned to office, Steve,

00:20:02.320 what they were all about was trying to take him down.

00:20:05.180 Why? Because they understood that Bibi Netanyahu,

00:20:08.940 like guys like Millay and, you know, our other friends in the world,

00:20:18.920 Orban, Maloney, Wilders, and Bibi, yes.

00:20:23.920 We have people who, like Donald Trump, stand for freedom and are prepared to protect it.

00:20:31.500 But Donald Trump has added a fill-up.

00:20:34.460 He wants, wherever possible, to have our allies pull their load

00:20:39.080 and do the protecting in the region where they can.

00:20:42.720 So here's the bottom line for me.

00:20:44.900 Hang on. Go ahead. Go ahead.

00:20:46.760 Just quickly, the very bottom line.

00:20:49.420 You're already scaring me, so go to give me your bottom line. Go ahead.

00:20:53.000 Thanks to what Israel has already done. 0.97

00:20:56.400 Going back to your question, there is now a fleeting opportunity.

00:21:01.080 I think it is very ephemeral, but there is an opportunity for Israel to act militarily 0.60

00:21:07.480 with discretion against the IRGC and help free the people of Iran,

00:21:15.240 provided that opportunity is seized.

00:21:18.420 If it is squandered, Steve, I'm afraid that what we're going to have on our hands here

00:21:22.720 is a situation in which they're no longer able to contend with it,

00:21:26.880 and probably neither are we.

00:21:29.120 And we get ourselves, in that circumstance, into a true endless war.

00:21:33.400 And by the way, it bears saying, if there ever were an endless war,

00:21:37.280 it is the one the Iranian regime has waged against us

00:21:40.280 since Jimmy Carter put the mullahs in business.

00:21:44.200 As I say, it's over 45 years, and don't take my word for it.

00:21:47.700 As we were negotiating with them, Steve Whitcoff,

00:21:50.940 the imputative great negotiator, as he was doing that,

00:21:54.820 Khomeini was in Tehran surrounded by mobs of people,

00:21:59.120 and he was encouraged in the chant, their mantra,

00:22:03.400 death to America.

00:22:05.320 We've got a clip of it if you'd like to show it.

00:22:07.140 But the point is, this is not a war of our choosing.

00:22:10.520 We ignored our peril.

00:22:11.920 Can I just leave you with one last thought?

00:22:13.200 This is really important.

00:22:14.420 Our mutual friend, Dr.

00:22:15.360 This is not, hold it, hold it.

00:22:16.340 An Israeli airstrike that we kind of go,

00:22:20.340 yeah, fine, go ahead, is not a war of our choosing?

00:22:23.620 It's not a war of our choosing.

00:22:24.460 It's a war that has been thrust upon us,

00:22:27.340 and we either finish it under our terms

00:22:30.380 and the time of our choosing,

00:22:31.840 with the Israelis doing the heavy lifting, 0.97

00:22:34.540 or we wind up getting a bed with it.

00:22:36.680 My head's blown, and I love you.

00:22:37.580 Last point.

00:22:38.440 No, no, no, just last point.

00:22:39.460 Let me just say this,

00:22:40.120 because you're going to love this.

00:22:40.640 This is actually worse than I thought.

00:22:42.000 This is actually worse than I thought.

00:22:43.320 You continue on.

00:22:44.600 Dr. Karen Sigerman,

00:22:46.720 a dear friend of both of ours,

00:22:48.340 president of the American Freedom Alliance,

00:22:51.840 she did a road show,

00:22:53.360 which you helped sponsor and contribute to,

00:22:56.480 in the five months leading up to the election.

00:22:58.620 We went all over the swing states,

00:23:00.500 and we took the message that we're sharing here,

00:23:02.960 peace through strength.

00:23:05.140 Donald Trump's doctrine,

00:23:07.020 but for victory,

00:23:08.280 not for surrender of our vital interests.

00:23:11.320 And she said,

00:23:12.100 let me just give you a thought experiment.

00:23:13.600 You know, that's an old adage that

00:23:14.880 if a tree falls in the forest

00:23:17.960 and nobody's there to hear it,

00:23:19.920 does it make a sound?

00:23:21.620 And she said, try this on.

00:23:23.880 If there is a war underway,

00:23:26.680 and nobody's paying attention to it,

00:23:29.140 can you still lose it?

00:23:31.440 The answer to both of those questions,

00:23:33.120 of course, is yes.

00:23:34.540 Over.

00:23:35.800 Frank, hang on.

00:23:36.940 I'm actually holding you through the break.

00:23:38.900 E.J. and Tony,

00:23:39.620 we've got a couple of minutes to get there.

00:23:40.560 E.J. and Tony's going to join me.

00:23:41.840 We're going to talk some finances,

00:23:43.120 and then I'm going to,

00:23:44.180 you're going to stick around.

00:23:44.920 We're going to bring you back.

00:23:46.000 Just a couple of observations.

00:23:49.120 Just on the escalatory ladder,

00:23:51.640 I mean, why,

00:23:52.640 what evidence do you have?

00:23:55.400 And President Trump,

00:23:56.200 I'd assume,

00:23:56.640 has pretty good evidence,

00:23:57.640 and he's got Wyckoff

00:23:58.620 negotiating,

00:24:00.700 I guess,

00:24:01.200 some sort of surveillance,

00:24:02.680 not even,

00:24:03.060 or supervision,

00:24:03.840 not even a taking apart,

00:24:05.420 which I'm,

00:24:05.880 I'm adamantly against

00:24:07.360 any armed conflict,

00:24:08.780 but saying,

00:24:09.400 hey,

00:24:09.520 it can't be surveillance

00:24:10.540 or supervision.

00:24:11.600 It has to be taken apart.

00:24:12.660 You can't trust these guys.

00:24:14.280 But I'm saying,

00:24:15.400 we haven't even begun

00:24:16.360 to start the economic warfare part.

00:24:19.360 We haven't started it.

00:24:20.680 What evidence can you

00:24:22.380 put forward to the audience

00:24:23.880 and say,

00:24:24.380 it has to be now?

00:24:26.040 This kind of sounds like Iraq.

00:24:27.720 I got yellow cake up in,

00:24:29.620 I got yellow cake in Baghdad,

00:24:31.440 and they're about to give me

00:24:32.620 some weapons of mass destruction.

00:24:34.660 I'm getting a feel of 2003, sir.

00:24:37.500 Let me put it to you this way, Steve.

00:24:42.520 I believe we have started

00:24:44.200 the economic warfare.

00:24:45.280 Donald Trump put back in place

00:24:47.380 the sanctions on Iran

00:24:49.980 that were very successful

00:24:52.020 in his first term.

00:24:53.020 And then Biden, of course,

00:24:54.620 as part of his campaign

00:24:55.840 to prop up the Iranians, 1.00

00:24:57.280 took them all off.

00:24:58.440 So that's been underway now

00:24:59.580 for five months or so.

00:25:01.200 I know you've been proposing,

00:25:02.980 and I'm okay with it,

00:25:04.740 but I don't think

00:25:05.280 we should kid ourselves

00:25:06.220 that if you start

00:25:07.360 intercepting ships

00:25:09.520 moving Iranian oil out

00:25:11.940 in violation of those sanctions,

00:25:13.520 you're not going to wind up

00:25:14.660 finding some Chinese ships

00:25:16.480 taking that oil out,

00:25:18.100 and then what are you going to do?

00:25:19.460 I'm talking about doing something

00:25:21.440 that I think is very urgent

00:25:22.960 because those air defenses

00:25:24.860 that the Israelis took down,

00:25:26.220 one of the great master strokes

00:25:27.760 that they did,

00:25:28.800 are being rebuilt.

00:25:30.920 And those missiles 0.67

00:25:31.640 that they took out

00:25:32.540 are being replaced.

00:25:34.300 And there is going to be

00:25:35.460 a nuclear weapon.

00:25:36.440 I don't know.

00:25:37.060 I've been told

00:25:38.120 for several years

00:25:39.240 that it's a couple

00:25:40.040 of weeks away.

00:25:40.980 At some point,

00:25:41.740 it's happened.

00:25:42.640 And I think we may be

00:25:43.580 at that point.

00:25:44.520 I'd rather see us

00:25:45.420 with the Israelis

00:25:47.060 leading the fight,

00:25:48.820 taking down,

00:25:49.560 as I say,

00:25:50.120 the people who prop up

00:25:51.480 this regime.

00:25:52.720 And remember,

00:25:53.500 a famous example,

00:25:54.900 Nicholas Ceausescu,

00:25:56.020 the president for life

00:25:57.520 of Romania,

00:25:59.400 went from being that

00:26:00.600 to being dead

00:26:01.620 when his security guards

00:26:03.400 turned on him.

00:26:04.040 It's too good to cram in.

00:26:04.940 It's too good to cram in.

00:26:06.740 We're going to wait.

00:26:07.080 Bring me back, coach.

00:26:07.960 EJ,

00:26:08.280 you stick around.

00:26:10.480 Frank Gaffney

00:26:11.140 going full Dr. Strangelove

00:26:12.520 on us this afternoon.

00:26:13.460 I'm kidding, Frank.

00:26:15.020 You know I love you.

00:26:16.060 And I wanted to get this out

00:26:17.180 for a while

00:26:17.520 because this is,

00:26:19.800 let's say this,

00:26:20.760 there's not a lot of support

00:26:23.360 for this option.

00:26:24.420 But the people that support it,

00:26:26.200 support it hard.

00:26:27.040 And the people that support it

00:26:28.180 have been some of the best people

00:26:29.160 we've had in our movement

00:26:29.840 for many, many years.

00:26:31.420 A lot of the strength

00:26:32.340 through defense crowd.

00:26:35.800 Peace through strength.

00:26:37.420 If you want to have peace

00:26:39.220 prepared for war,

00:26:40.080 as the Romans used to say.

00:26:42.340 Home title lock,

00:26:43.140 the $1 million

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00:26:45.500 Don't let anybody

00:26:46.340 get their hands on

00:26:47.460 that piece of paper

00:26:48.260 that is your title.

00:26:50.560 They can do anything with it.

00:26:51.780 Sell the house,

00:26:52.340 take the house,

00:26:53.340 refinance the house,

00:26:54.260 and you are stuck.

00:26:56.120 HomeTitleLock.com

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00:31:07.420 War Room.

00:31:14.440 Here's your host,

00:31:15.740 Stephen K. Mann.

00:31:18.080 Wow, what a lineup

00:31:19.100 to finish the show.

00:31:20.940 I got EJ

00:31:21.560 on debt,

00:31:22.860 deficits,

00:31:23.340 taxes,

00:31:23.700 everything.

00:31:24.240 Gaffney's back

00:31:24.880 in the bullpen,

00:31:26.080 still limbering up.

00:31:28.000 Going full

00:31:28.460 Dr. Strangelove

00:31:29.260 on me this afternoon.

00:31:30.080 And I got

00:31:30.640 D. Terry Schilling

00:31:31.440 who acts as one of the guys

00:31:32.840 saving Western civilization.

00:31:34.260 So who am I

00:31:34.980 to question that?

00:31:35.620 EJ and Tony,

00:31:37.260 I don't even know

00:31:37.880 where to start.

00:31:38.460 I'm going to toss it to you.

00:31:39.200 You put a tweet out,

00:31:40.080 $101 billion in April

00:31:41.760 in interest only.

00:31:44.200 You've got,

00:31:44.840 oh, by the way,

00:31:45.420 another great article

00:31:46.140 in Town Hall

00:31:46.600 that says everything

00:31:47.240 you said about

00:31:48.060 the lying Biden administration,

00:31:49.820 Biden regime,

00:31:50.540 about the jobs,

00:31:51.320 all a lie.

00:31:51.980 You were 100% correct.

00:31:53.320 Then I dropped one

00:31:54.180 on you a second ago.

00:31:56.000 The, as we called it,

00:31:57.140 bro,

00:31:57.600 the debt ceiling,

00:31:58.480 $4 trillion

00:31:58.900 and it takes us

00:32:01.400 all the way to

00:32:01.880 like a week

00:32:02.400 after the midterm elections.

00:32:04.320 I don't know where you,

00:32:04.940 oh, and you told me

00:32:06.040 even the best part

00:32:06.940 of the tax cuts we got

00:32:07.940 are not permanent,

00:32:08.720 the supply side.

00:32:09.680 I don't know where

00:32:10.500 you want to start,

00:32:11.680 EJ,

00:32:12.400 but the floor is yours.

00:32:14.440 Well, Steve,

00:32:15.120 thanks so much

00:32:15.640 for having me.

00:32:16.600 All great topics,

00:32:18.100 all really important

00:32:18.880 that the audience

00:32:19.440 have to know about.

00:32:20.220 Let's take that last one first.

00:32:22.240 You know,

00:32:22.360 what we're seeing right now

00:32:23.580 with this latest tax package

00:32:25.140 out of the house,

00:32:25.940 it's a real mixed bag.

00:32:27.720 You know,

00:32:27.860 there are some good provisions

00:32:29.060 in it,

00:32:29.440 but there's some bad stuff too

00:32:30.760 and what's really annoying

00:32:32.520 here, Steve,

00:32:33.160 is the,

00:32:33.460 and I just can't

00:32:34.300 for the life of me

00:32:35.000 figure out what is going on

00:32:36.140 with the GOP,

00:32:37.300 especially Mike Johnson,

00:32:38.460 why they're doing this

00:32:39.340 the way they are.

00:32:40.400 The best provisions,

00:32:41.780 I would say,

00:32:42.660 are things that aren't

00:32:43.740 even being made permanent.

00:32:45.540 So, you know,

00:32:46.480 again,

00:32:47.420 it's not all terrible.

00:32:48.800 I don't mean to,

00:32:49.600 you know,

00:32:49.900 make folks think like,

00:32:50.800 hey,

00:32:51.000 the sky is falling here

00:32:52.020 if they get this bill through,

00:32:53.520 but I just don't understand

00:32:55.000 why some of these

00:32:56.340 bad provisions

00:32:57.060 are in here.

00:32:57.740 The bill could be

00:32:58.560 so much better

00:33:00.140 than it is.

00:33:01.180 So there's good

00:33:02.100 and bad here.

00:33:03.200 We want to see things

00:33:04.180 like, you know,

00:33:05.040 full expensing

00:33:05.940 and R&D.

00:33:07.240 We want to see

00:33:07.960 those different

00:33:08.480 business deductions

00:33:09.440 that are going to help

00:33:10.140 create jobs

00:33:11.060 and we want to see

00:33:12.000 them made permanent.

00:33:13.180 We don't want to just see

00:33:13.980 them for another year or two.

00:33:15.460 That doesn't let business

00:33:16.540 plan.

00:33:17.120 That doesn't let business

00:33:18.060 do a lot of investing

00:33:19.380 right now

00:33:19.880 and hire a lot of folks,

00:33:21.500 create jobs

00:33:22.460 and grow the economy.

00:33:23.640 Those are the things

00:33:24.300 that we want.

00:33:24.900 That's how you get

00:33:25.340 more income.

00:33:26.220 That's how you get

00:33:26.680 productivity growth.

00:33:29.220 I'm very happy

00:33:30.220 to see that we don't

00:33:31.140 have these additional

00:33:32.000 millionaire taxes

00:33:32.980 in there

00:33:33.460 and all these crazy

00:33:34.740 ideas that have been

00:33:35.620 thrown around

00:33:36.160 where we're actually

00:33:36.720 going to increase taxes.

00:33:38.440 I mean,

00:33:38.920 please,

00:33:39.360 that's a surefire way

00:33:40.700 to slow down growth.

00:33:42.760 Crazy ideas like

00:33:43.840 you're in the war room,

00:33:44.780 but continue on.

00:33:46.500 Brother,

00:33:46.960 I am totally fine.

00:33:50.100 I am totally fine

00:33:51.520 with the wealthy

00:33:52.300 paying more.

00:33:53.600 It just depends

00:33:54.260 on how you're

00:33:55.080 going to do it.

00:33:55.600 In other words,

00:33:56.460 do stuff like

00:33:57.140 get rid of salt,

00:33:58.400 get rid of the state

00:33:59.260 and local tax deduction.

00:34:01.220 Don't increase

00:34:01.940 marginal tax rates

00:34:03.140 because the problem

00:34:04.420 here, Steve,

00:34:05.140 is not that

00:34:05.920 we don't want

00:34:07.040 certain people

00:34:07.680 to pay more

00:34:08.420 or less in taxes.

00:34:10.020 It's that raising

00:34:10.940 marginal tax rates

00:34:12.140 are not the best

00:34:13.300 way to do it.

00:34:13.860 In fact,

00:34:14.340 if we look at

00:34:15.100 the last hundred years,

00:34:16.760 the history

00:34:17.240 of the income tax,

00:34:18.460 what we find

00:34:19.140 is without fail,

00:34:20.940 every time we increase

00:34:22.460 that top marginal

00:34:23.400 tax rate,

00:34:24.380 the overall

00:34:25.060 percentage of taxes

00:34:26.360 paid by the top

00:34:27.900 one percent

00:34:28.560 doesn't go up,

00:34:29.620 it goes down

00:34:30.340 because it provides

00:34:31.560 people a huge

00:34:32.480 incentive to shelter

00:34:33.740 their income.

00:34:35.140 So,

00:34:35.440 you know,

00:34:36.160 get rid of things

00:34:37.040 like the deduction

00:34:38.540 on municipal

00:34:39.200 We don't have time

00:34:39.780 to debate this part

00:34:40.620 of it today,

00:34:41.220 but I will,

00:34:41.920 I'll get you back on

00:34:43.080 and we'll give you,

00:34:43.560 just like I'm giving Frank

00:34:44.440 a fair shot here,

00:34:45.580 we're going to give you

00:34:46.040 a fair shot.

00:34:46.620 I'm just saying

00:34:47.780 simply quite simple

00:34:49.000 and it's just a snapback.

00:34:51.320 I'm even off my 40%

00:34:52.760 for the millionaires.

00:34:53.560 It's just a snapback

00:34:54.520 to the top bracket

00:34:55.660 and here's why.

00:34:57.120 You want to get those

00:34:57.820 business,

00:34:58.180 you want to get the supply,

00:34:59.140 the math doesn't work,

00:35:00.400 brother.

00:35:01.040 Tell me about the debt ceiling.

00:35:02.820 Right now,

00:35:03.400 we haven't cut anything.

00:35:04.880 Dude,

00:35:05.200 we're going to have a two

00:35:05.840 or two and a half trillion,

00:35:07.020 correct me if I'm wrong,

00:35:08.100 EJ,

00:35:08.620 this fiscal year,

00:35:09.620 we're going to have

00:35:10.200 a two to two and a half

00:35:12.140 trillion dollar deficit

00:35:13.020 and right now,

00:35:14.340 we're not going to the,

00:35:15.320 from the six and a half,

00:35:16.100 even the glide slope

00:35:17.200 to the three and a half.

00:35:18.380 We're asking for

00:35:19.220 $4 trillion in 18 months.

00:35:22.520 That means we're in November

00:35:23.700 of 18 months from now,

00:35:25.280 we're at $40 trillion

00:35:26.160 in what happens

00:35:27.640 to your monthly.

00:35:28.500 The only way

00:35:29.400 to make the math work

00:35:30.420 is somebody's got to

00:35:31.480 throw something

00:35:31.820 into the kitty

00:35:32.400 and that's going to be

00:35:33.280 the snapback

00:35:33.860 of the upper bracket.

00:35:35.120 You've heard it here first

00:35:36.100 months ago.

00:35:37.000 It's going to happen.

00:35:37.620 It has to happen.

00:35:38.440 It's the only way to do it.

00:35:39.500 I've got all kind

00:35:40.220 of other ideas

00:35:40.940 on financial taxes.

00:35:44.080 A little kick into the pot

00:35:45.820 is carried interest.

00:35:48.060 I know that's a bony

00:35:48.740 contention to the wealthy,

00:35:49.960 but do you see any way

00:35:51.880 from the cuts

00:35:53.200 that you've seen

00:35:53.920 or what they're proposing

00:35:54.860 with the taxes,

00:35:56.840 you've seen it,

00:35:57.580 even some of the great

00:35:58.260 supply side stuff,

00:35:59.140 not permanent,

00:36:00.360 that you get any set

00:36:02.000 of math that doesn't

00:36:03.020 even blow through

00:36:03.680 the $4 trillion

00:36:04.420 they're asking

00:36:05.340 for 18 months

00:36:06.240 for debt ceiling increase?

00:36:07.560 EJ,

00:36:07.960 because you're the best

00:36:08.520 guy with the math,

00:36:09.500 sir.

00:36:09.740 Steve,

00:36:11.520 I agree with you

00:36:12.480 100%.

00:36:13.520 They got to cut

00:36:14.900 spending more.

00:36:15.900 Absolutely.

00:36:16.620 They have cut

00:36:17.280 nowhere near enough.

00:36:18.900 And this is just

00:36:19.740 basically another Band-Aid.

00:36:21.440 And this debt ceiling

00:36:22.340 increase,

00:36:22.920 they're just going to

00:36:23.640 bump up against it

00:36:25.120 relatively soon.

00:36:26.440 It's not going to

00:36:27.440 last long enough,

00:36:28.500 again,

00:36:28.860 because they haven't

00:36:29.840 cut enough spending.

00:36:31.380 We don't have

00:36:32.280 a revenue problem.

00:36:33.360 We're taking in

00:36:34.100 a tremendous amount

00:36:35.300 of revenue.

00:36:35.860 By most measures,

00:36:36.660 it's at a record high.

00:36:37.860 Our problem is

00:36:39.300 the spending.

00:36:40.160 In fact,

00:36:40.520 right now,

00:36:41.440 even though the

00:36:42.300 cumulative deficit,

00:36:43.800 in other words,

00:36:44.340 for the current

00:36:45.060 fiscal year,

00:36:46.000 which would be

00:36:46.580 from October

00:36:47.400 through April,

00:36:48.920 that deficit

00:36:50.440 that we've

00:36:50.940 accumulated so far

00:36:52.280 is larger

00:36:53.400 than the same time

00:36:55.040 from the previous

00:36:55.960 fiscal year,

00:36:56.840 except revenue

00:36:57.880 has gone up.

00:36:59.200 So, again,

00:36:59.960 it's not a matter

00:37:00.640 of us having

00:37:01.280 a revenue problem.

00:37:02.360 We have a spending

00:37:03.480 problem.

00:37:04.540 We have to get

00:37:05.340 the spending down.

00:37:06.600 You have to start

00:37:07.840 cutting the spending

00:37:09.580 and eventually

00:37:10.500 the deficit

00:37:11.120 takes care of itself.

00:37:12.340 But unless you're

00:37:13.120 going to do that,

00:37:14.800 all of these

00:37:15.460 debt ceiling increases,

00:37:17.060 I mean,

00:37:17.520 I'm sorry,

00:37:18.200 you're actually

00:37:18.520 making the problem

00:37:19.280 worse,

00:37:19.780 not better.

00:37:22.080 I know you've

00:37:22.840 got to bounce.

00:37:23.420 Last thing,

00:37:24.000 this amazing piece

00:37:24.880 you wrote in Town Hall,

00:37:25.660 you've been on here

00:37:26.240 for four years now

00:37:27.360 hammering this,

00:37:28.960 hammering this

00:37:29.460 about the lies

00:37:30.120 of the Biden regime.

00:37:31.240 I want people to know

00:37:32.200 about these employment

00:37:33.480 numbers.

00:37:34.280 What does your analysis

00:37:35.160 show now that they're

00:37:36.080 out the door?

00:37:37.840 Well, Steve,

00:37:38.900 unfortunately,

00:37:39.820 you know,

00:37:40.000 we always get

00:37:40.800 these numbers too late

00:37:41.860 because they're so

00:37:42.500 backward looking.

00:37:43.540 But the latest data

00:37:44.860 that we have,

00:37:45.540 and these are not

00:37:46.400 my numbers,

00:37:47.140 okay,

00:37:47.380 this is from the Bureau

00:37:48.400 of Labor Statistics,

00:37:49.640 part of the Labor

00:37:50.460 Department.

00:37:51.360 They are now admitting

00:37:52.520 that with the best data

00:37:54.140 we have available

00:37:55.000 in the second

00:37:56.160 and third quarter

00:37:57.240 of last year,

00:37:58.520 so this was right

00:37:59.220 before the election,

00:38:00.080 the six months

00:38:00.660 essentially before

00:38:01.420 the election,

00:38:02.480 it turns out that

00:38:03.340 the economy was not

00:38:04.480 adding hundreds

00:38:05.200 of thousands of jobs.

00:38:06.380 It was actually

00:38:07.460 losing jobs on net.

00:38:10.120 So, yes,

00:38:10.560 there were some job gains,

00:38:11.840 but they were more

00:38:12.560 than offset

00:38:13.180 by all of the job losses,

00:38:15.060 and that's especially

00:38:16.040 true when you look

00:38:16.760 at the private sector.

00:38:18.180 So maybe government

00:38:19.060 was growing,

00:38:19.840 but not enough

00:38:20.680 to make up

00:38:21.200 for the private sector

00:38:22.240 losses.

00:38:23.140 This, I think,

00:38:23.840 is a big reason

00:38:24.600 why President Trump

00:38:26.100 won such an overwhelming

00:38:27.200 victory in November.

00:38:28.440 He won not just

00:38:29.220 the popular vote,

00:38:30.520 or excuse me,

00:38:31.020 not just the electoral vote,

00:38:32.080 but the popular vote

00:38:32.940 as well,

00:38:33.820 and he managed to pull

00:38:34.880 in every single swing state.

00:38:36.400 Why?

00:38:36.720 Because people looked

00:38:38.300 at all these different

00:38:38.980 news reports,

00:38:39.740 all the mainstream media

00:38:40.780 that told them

00:38:41.760 how great the economy was,

00:38:43.220 and folks just

00:38:44.080 didn't believe it

00:38:44.700 because their own

00:38:45.840 personal finances,

00:38:47.040 their lived experience,

00:38:48.000 as you say,

00:38:48.680 was pretty darn terrible.

00:38:50.340 It genuinely was.

00:38:51.840 They weren't able

00:38:52.660 to find jobs

00:38:53.500 because we weren't adding

00:38:54.720 hundreds of thousands

00:38:55.820 of jobs a month

00:38:56.740 like the Biden

00:38:57.680 administration claimed.

00:38:59.660 And, you know,

00:39:00.140 these downward revisions

00:39:01.680 that we always get

00:39:02.500 after the fact,

00:39:03.300 you know,

00:39:03.780 this is something

00:39:04.400 that you very graciously

00:39:05.600 have had me on

00:39:06.300 to talk about,

00:39:07.000 as you said,

00:39:07.720 for several years now.

00:39:09.460 And unfortunately,

00:39:10.100 the pattern continues.

00:39:11.660 And we probably

00:39:12.920 are not going

00:39:13.580 to definitively know,

00:39:14.860 we're not going

00:39:15.280 to get the final estimate

00:39:17.000 until next year,

00:39:18.660 until January or February,

00:39:19.960 in terms of just

00:39:21.440 what the actual

00:39:22.460 labor market performance

00:39:23.820 genuinely looked like

00:39:25.220 under the Biden administration.

00:39:27.000 In other words,

00:39:27.700 he's going to be

00:39:28.380 out of office a year

00:39:30.500 before we can finally say,

00:39:32.460 all right,

00:39:33.120 this is what the economy

00:39:34.360 was actually doing.

00:39:35.360 And here are the,

00:39:36.180 here's how many jobs

00:39:36.940 we were losing,

00:39:37.700 not adding,

00:39:38.740 before he left office.

00:39:41.000 EJ, we're going

00:39:41.660 to get you back on

00:39:42.280 and break down

00:39:42.680 all the spending,

00:39:43.720 all the tax,

00:39:44.400 everything.

00:39:45.340 The audience loves you

00:39:46.520 and they should.

00:39:47.060 You did such an amazing job.

00:39:49.380 And you're the most senior guy

00:39:51.200 with the biggest brain

00:39:52.040 that's not a treasury

00:39:52.900 or OMB right now.

00:39:53.840 And we got to use you

00:39:54.620 where we can

00:39:55.000 because you never know

00:39:55.720 when EJ is going to get

00:39:56.560 sucked up

00:39:57.600 over into the administration.

00:39:58.800 EJ, where do they go?

00:40:00.140 You've got to get

00:40:00.780 to this guy's Twitter feed. 0.99

00:40:02.320 Your head will blow up 0.92

00:40:03.520 constantly.

00:40:03.980 Where do they go, sir?

00:40:06.200 Twitter's the best place

00:40:07.160 to find me.

00:40:07.800 The handle there

00:40:08.420 is at real EJ and Tony.

00:40:11.640 And you keep it real.

00:40:12.860 Thank you, sir.

00:40:13.360 Appreciate you.

00:40:14.640 Thank you, Steve.

00:40:17.480 It's going to be

00:40:17.940 a little turbulence, folks.

00:40:20.020 Make sure to take

00:40:20.720 your phone out right now.

00:40:21.500 Birch Gold, text Bannon,

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00:40:26.080 The ultimate guide

00:40:27.420 to investing in gold

00:40:29.120 and precious metals

00:40:29.920 in the age of Trump.

00:40:32.340 Get it today

00:40:32.920 and make contact.

00:40:33.860 You can make contact

00:40:34.520 there through

00:40:34.940 Philip Patrick and the team.

00:40:35.980 Now more than ever,

00:40:37.340 it ain't the price,

00:40:38.080 it's the process.

00:40:39.520 Know why gold

00:40:40.060 has been a hedge

00:40:40.600 for, I don't know,

00:40:41.180 5,000 years

00:40:41.880 in mankind's history.

00:40:43.240 Also, Jim Rickards.

00:40:44.940 Jim, I think,

00:40:45.600 is on with us tomorrow

00:40:46.620 morning in the morning show.

00:40:48.780 Jim Rickards,

00:40:49.540 RickardsWarRoom.com.

00:40:51.160 He's got a landing page

00:40:52.080 to get strategic intelligence.

00:40:53.680 If you like the capital markets

00:40:55.240 and intelligence

00:40:56.500 and national security stuff

00:40:57.660 like we got with Frank Gaffney,

00:40:58.900 if you like that,

00:41:00.140 want to get even

00:41:00.680 a deeper take on it,

00:41:01.720 the chairman and CEO

00:41:02.460 all over the world,

00:41:03.760 go to RickardsWarRoom.com

00:41:05.280 and get access

00:41:05.920 to strategic intelligence

00:41:07.060 and he throws in

00:41:07.920 a free book on money

00:41:09.760 and artificial intelligence.

00:41:11.440 Yo, 0.99

00:41:12.060 your head will blow up. 0.84

00:41:13.740 So make sure 0.76

00:41:14.140 Rickards is one

00:41:14.660 of the smartest guys around

00:41:15.540 and Jim will be with us

00:41:16.620 tomorrow morning.

00:41:17.460 Frank,

00:41:17.860 I've only got a couple

00:41:18.660 of minutes

00:41:20.260 because while you're trying

00:41:21.140 to destroy

00:41:21.580 Western civilization,

00:41:22.860 I got,

00:41:23.380 Terry Shilling is going

00:41:24.380 to tell me

00:41:24.720 why Axis is saving it.

00:41:26.800 Just real quickly,

00:41:27.820 because I'm going

00:41:28.180 to have you back on.

00:41:28.920 I want you to make

00:41:29.520 this position today.

00:41:31.440 Why President Trump

00:41:32.740 is kind of the ultimate

00:41:33.720 strategist here

00:41:34.760 thinking through

00:41:35.400 in that arc of instability

00:41:36.640 all the way

00:41:37.380 from kind of Belarus

00:41:38.120 and Ukraine

00:41:38.860 across Turkey

00:41:39.880 into Syria,

00:41:41.920 Iraq,

00:41:42.500 Iran,

00:41:43.020 Israel,

00:41:44.000 Persia,

00:41:45.160 Afghanistan,

00:41:46.860 and you know,

00:41:47.240 which is a disaster,

00:41:48.820 a breeding ground

00:41:49.740 for terrorists right now, 0.82

00:41:50.860 and then Pakistan,

00:41:52.200 India,

00:41:53.000 the line of control,

00:41:54.040 Red Sea,

00:41:54.940 North Arabian Sea,

00:41:55.840 Persian Gulf,

00:41:56.480 all of it,

00:41:57.200 brother.

00:41:58.060 It's a tinderbox

00:41:59.160 ready to go up.

00:42:00.600 President Trump

00:42:01.260 is pretty adamant

00:42:02.280 he doesn't believe

00:42:03.360 in a military solution

00:42:04.400 here,

00:42:05.220 at least on the surface

00:42:06.240 and what we're seeing

00:42:06.940 in every pronouncement

00:42:07.940 he makes,

00:42:08.340 every true social he makes.

00:42:10.260 Why is President Trump

00:42:12.240 wrong,

00:42:13.200 at least at this time

00:42:14.060 in his outlook,

00:42:14.820 and Frank Gaffney

00:42:15.800 in the Gaffneyites

00:42:17.440 right, sir?

00:42:18.700 Well, I'm not sure

00:42:21.820 we're saying

00:42:22.200 different things, Steve.

00:42:23.400 I'm not talking

00:42:24.140 about war

00:42:27.380 in the way

00:42:28.140 I think he's thinking

00:42:29.120 about it,

00:42:30.220 but the kind of war

00:42:31.140 that he has

00:42:32.420 rightly railed

00:42:34.320 against

00:42:34.840 elsewhere in the world.

00:42:37.820 Large numbers

00:42:39.220 of heavy armored

00:42:41.340 divisions

00:42:41.940 and other kinds

00:42:43.300 of kit

00:42:43.740 that is thrown

00:42:44.660 at some hopeless

00:42:46.420 situation

00:42:47.620 that doesn't lend

00:42:48.520 itself

00:42:48.880 to that kind

00:42:49.760 of warfare.

00:42:51.560 He's, I think,

00:42:53.420 clear about

00:42:54.560 making sure

00:42:55.660 we protect

00:42:56.460 our vital interests

00:42:57.680 and I believe

00:42:58.500 that one of them

00:42:59.340 is something

00:43:00.000 that he has

00:43:00.680 endlessly

00:43:01.420 pledged

00:43:02.560 to do,

00:43:03.580 which is to keep

00:43:04.460 Iran from getting 1.00

00:43:05.520 nuclear weapons

00:43:06.380 because that is

00:43:07.360 an intolerable

00:43:08.320 situation.

00:43:09.060 It's the world's

00:43:10.020 leading terror

00:43:11.120 organization.

00:43:12.480 It's got not only

00:43:13.660 these terror proxies 0.63

00:43:15.420 that have been

00:43:16.000 raining death

00:43:17.200 and destruction

00:43:17.680 on Israel,

00:43:18.400 but also

00:43:19.080 they're all over

00:43:20.100 the place.

00:43:20.560 They're including

00:43:21.120 in our own country.

00:43:22.920 Talk to Sam Faddis,

00:43:24.060 our mutual friend,

00:43:25.000 about could they

00:43:25.960 have a nuclear weapon

00:43:26.860 smuggled inside

00:43:28.040 our country,

00:43:28.860 ready to go?

00:43:29.520 You bet they could.

00:43:30.820 So, Steve,

00:43:31.280 we're on borrowed time

00:43:32.180 is my point.

00:43:32.940 You kind of laughingly

00:43:34.420 called me Strangelove.

00:43:36.020 Far from it.

00:43:37.120 I'm not talking

00:43:37.920 about using

00:43:38.480 nuclear weapons,

00:43:39.480 which is what

00:43:39.960 Dr. Strangelove

00:43:40.820 was doing.

00:43:41.560 I'm not even talking

00:43:42.380 about using

00:43:42.780 our own forces.

00:43:44.480 I'm talking

00:43:45.440 about allowing

00:43:46.440 our friends

00:43:47.480 and allies

00:43:48.120 to defend

00:43:48.640 themselves

00:43:49.120 and us

00:43:49.680 in the process.

00:43:50.980 And if you want

00:43:51.380 to think about

00:43:51.920 somebody who's got

00:43:52.660 a Strangelove-ian 0.81

00:43:53.600 view of the world,

00:43:54.800 let me introduce

00:43:55.440 you to the

00:43:56.160 Ayatollah Khamenei,

00:43:57.720 who thinks

00:43:58.400 that the Mahdi, 0.97

00:44:00.300 the Messiah figure

00:44:01.640 of his sect

00:44:03.580 of Islam,

00:44:04.720 is going to come

00:44:05.380 out of a well

00:44:06.280 because of the

00:44:08.320 outpouring of

00:44:09.400 lamentations

00:44:10.400 and pleading

00:44:11.180 for his intercession

00:44:12.180 that sounds

00:44:12.660 an awful lot

00:44:13.420 like the apocalypse.

00:44:14.840 And this guy

00:44:15.380 thinks that's

00:44:16.020 going to happen

00:44:16.400 on his watch.

00:44:17.120 This is a kickoff

00:44:17.900 conversation

00:44:18.480 of many we have

00:44:20.980 to have.

00:44:21.800 Where do people

00:44:22.260 go right now?

00:44:23.080 Send them to the

00:44:23.800 best site of all

00:44:24.840 the groups you

00:44:25.380 work with to get

00:44:26.500 up to speed on this.

00:44:27.660 There are heads

00:44:28.300 blowing up here.

00:44:30.100 You've got a

00:44:30.540 hill to climb,

00:44:32.180 but if anybody

00:44:32.720 can do it,

00:44:33.760 we're going to

00:44:34.040 have more people

00:44:34.680 on to make this

00:44:35.820 case and we'll

00:44:36.460 present opposite

00:44:37.320 facts and see.

00:44:38.460 We want to make

00:44:38.980 sure the posse

00:44:39.700 is fully informed.

00:44:40.940 Where do they go

00:44:41.380 to the best set

00:44:42.140 of facts that you

00:44:42.920 can show Frank Gaffney?

00:44:45.120 Well, let me just

00:44:45.840 say first, Steve,

00:44:46.820 thank you for giving

00:44:47.580 an opportunity for

00:44:48.640 some of those facts

00:44:49.500 to be presented.

00:44:50.260 I think it's overdue.

00:44:51.920 They can find some

00:44:53.400 of the best arguments

00:44:54.220 that we've presented

00:44:54.960 over the weekend

00:44:55.960 at victoryco.org.

00:44:58.680 That's short for

00:44:59.360 victorycoalition.org.

00:45:00.840 It's one of the

00:45:01.440 projects of our

00:45:02.300 Institute for the

00:45:03.600 American Future.

00:45:04.340 That's usfuture.org.

00:45:06.300 You'll see all kinds

00:45:07.680 of other things

00:45:08.500 that we do,

00:45:09.060 including our favorite,

00:45:10.120 the Committee on the

00:45:11.000 Present Danger China, 0.99

00:45:11.960 presentdangerchina.org.

00:45:13.540 And by the way,

00:45:14.260 Steve,

00:45:14.600 you outlined the fires

00:45:16.680 that are being inflamed

00:45:19.180 all over the world.

00:45:20.020 You called it a tinderbox.

00:45:21.560 We have discussed

00:45:22.900 for some time now,

00:45:24.260 Xi Jinping's strategic arson,

00:45:27.620 which I believe is why

00:45:29.640 we're in this fix right now

00:45:31.120 with the war against Israel,

00:45:33.420 the war in Ukraine,

00:45:34.680 and the last war.

00:45:35.700 God bless you, my friend.

00:45:36.740 Let me go John Paul Jones

00:45:38.240 and naval blockade, 0.95

00:45:39.520 no oil,

00:45:40.120 and see what they do.

00:45:41.040 Frank, thank you so much,

00:45:42.380 brother.

00:45:42.620 Love you.

00:45:43.740 And we're going to

00:45:44.260 continue this tomorrow.

00:45:44.960 We're going to get

00:45:45.560 more of this.

00:45:46.100 We've got to get it

00:45:47.020 all on the table.

00:45:48.200 And I'm going to have

00:45:48.640 the con guys here also.

00:45:50.320 We're going to get people

00:45:50.860 of the Curt Millses of the world

00:45:52.160 that are not fans of this

00:45:53.860 line of thought.

00:45:55.080 Let's say this.

00:45:56.080 Terry, thank you for hanging.

00:45:57.460 I wanted to get you

00:45:58.020 on this morning with 2 Jam.

00:45:59.440 Just quickly,

00:46:00.160 Axios,

00:46:01.780 which is the Washington

00:46:03.200 consensus.

00:46:04.920 Morning Joe,

00:46:05.660 the New York Times

00:46:06.720 and Axios,

00:46:07.340 Axios boils it down

00:46:09.220 to what they call

00:46:09.820 smart brevity.

00:46:11.260 Why does Mike Allen

00:46:12.260 and Jim Vanderhaid,

00:46:13.560 two of the smartest

00:46:14.120 guys in the town,

00:46:14.900 why do they highlight

00:46:15.740 Terry Schilling

00:46:16.420 in the fight,

00:46:17.740 they say,

00:46:18.200 MAGA's fight

00:46:18.940 to save Western civilization?

00:46:21.080 And they highlight

00:46:21.520 a couple others.

00:46:22.340 What is this about?

00:46:23.180 Is it real?

00:46:23.860 Is it meaningful?

00:46:24.860 Are we making progress?

00:46:26.300 Or is the left

00:46:27.100 trying to divert our attention?

00:46:28.120 Well, thanks so much,

00:46:30.440 Steve.

00:46:30.800 Listen,

00:46:31.460 their article was about

00:46:33.380 how the right-wing MAGA

00:46:35.640 is, you know,

00:46:37.460 offering a call

00:46:38.300 to save Western civilization.

00:46:40.040 We see Western civilization

00:46:41.580 collapsing all over the world.

00:46:43.420 And there are two real threats

00:46:45.240 to Western Civ.

00:46:46.000 There are those that say

00:46:47.980 there are no rules

00:46:49.220 and that would be,

00:46:50.640 you know,

00:46:50.880 the blue hairs,

00:46:51.860 the transgender industry,

00:46:54.300 the people that say that,

00:46:55.660 you know,

00:46:56.080 there are no rules,

00:46:57.280 you can change your gender,

00:46:58.520 you can, you know,

00:46:59.260 transition children,

00:47:00.860 nothing matters at all.

00:47:02.480 But then the other threats

00:47:04.000 are against what the rules are.

00:47:06.880 And that is more coming

00:47:08.160 from ideologies like Islam,

00:47:10.920 right?

00:47:11.180 And you see the UK

00:47:12.240 where they've created

00:47:13.800 a two-tiered justice system

00:47:15.360 where Muslim ideologues

00:47:18.380 can run around 1.00

00:47:19.320 murdering and raping 1.00

00:47:20.440 and sexually assaulting people. 1.00

00:47:22.040 But then the people

00:47:22.900 that notice

00:47:23.740 these things are happening,

00:47:25.060 that call it out

00:47:25.840 and criticize

00:47:26.480 these sexual assaults

00:47:28.080 by those that believe 0.98

00:47:30.080 in the ideology of Islam,

00:47:32.160 those are the people

00:47:33.060 that get put in jail.

00:47:33.960 The people outside

00:47:34.680 of abortion clinics

00:47:35.600 that are praying silently

00:47:37.480 in their own heads,

00:47:38.740 those are the people

00:47:39.320 that get put into jail.

00:47:40.120 And so, you know,

00:47:42.120 I think he's kind of

00:47:43.880 caught me off guard

00:47:44.600 because he asked me

00:47:45.600 what Western civilization was.

00:47:48.280 And I haven't been

00:47:48.980 really asked that before.

00:47:50.520 But if I was to summarize it,

00:47:51.960 I would say three things about it.

00:47:53.740 One, Western civilization

00:47:55.080 is the belief

00:47:56.040 that there are rules,

00:47:57.780 there's a natural order

00:47:58.900 to things.

00:47:59.980 And when you go outside

00:48:01.140 of that natural order,

00:48:02.260 bad things happen.

00:48:03.580 And then two,

00:48:04.920 there's a creator

00:48:06.100 to that natural order, right?

00:48:07.580 It's the laws of nature

00:48:09.320 and nature's God.

00:48:10.360 That's what Western civilization

00:48:11.620 has culminated into.

00:48:14.180 But Steve, third,

00:48:15.800 Western civilization

00:48:16.940 was built by men

00:48:19.500 with families to protect

00:48:21.280 and provide for and feed.

00:48:23.700 And that is essentially

00:48:25.440 what I talked about.

00:48:26.840 I do think these threats are real.

00:48:28.880 And a lot of people asked me

00:48:31.320 when they saw that article,

00:48:32.560 they didn't understand

00:48:33.460 before I was quoted

00:48:34.660 why I was quoted

00:48:35.700 because we mostly work

00:48:36.700 on culture war.

00:48:37.720 We mostly work on families

00:48:39.020 and fatherhood.

00:48:40.480 But that's what built

00:48:41.560 Western civilization.

00:48:42.840 And that's why

00:48:43.540 they've been attacking

00:48:44.300 the family.

00:48:44.920 That's why they've been

00:48:45.420 attacking masculinity,

00:48:47.260 which true masculinity

00:48:48.740 is ultimately becoming

00:48:50.180 a father and providing

00:48:51.640 and protecting.

00:48:52.940 And that's why

00:48:53.720 those things are in attack.

00:48:54.640 It is a way to destroy

00:48:56.200 everything that

00:48:57.520 Western civilization has built.

00:48:58.820 The beauty

00:48:59.340 and the human rights

00:49:02.300 that Western civilization

00:49:03.260 has introduced to the world,

00:49:04.980 those are really bad

00:49:06.140 things for tyrants.

00:49:07.660 Tyrants don't like 0.79

00:49:08.420 human rights.

00:49:09.120 They like to be able

00:49:09.960 to use power

00:49:11.060 without any limits.

00:49:13.340 And that's what

00:49:13.900 we're fighting for.

00:49:14.640 So I do think

00:49:15.540 we are making progress.

00:49:17.760 I'm very excited,

00:49:19.080 obviously,

00:49:19.400 for President Trump.

00:49:20.780 I think he's

00:49:21.800 our best last hope.

00:49:24.340 And if we can't

00:49:25.420 continue to

00:49:26.500 make progress

00:49:27.520 under him,

00:49:28.060 I don't know who the hell

00:49:28.800 we're going to make

00:49:29.240 progress under.

00:49:31.480 Terry,

00:49:32.100 where do people go

00:49:32.860 for your social media feed,

00:49:34.160 also your website,

00:49:36.160 you guys,

00:49:36.720 American Principles Project.

00:49:38.580 Where did they go

00:49:39.380 to get all this?

00:49:40.240 And Grace and Mo

00:49:41.060 are going to put

00:49:41.480 the Axios story out.

00:49:43.320 Terry Schilling

00:49:43.860 and other MAGA leaders

00:49:45.000 to fight to save

00:49:45.800 Western civilization.

00:49:46.720 Where do they go, sir?

00:49:48.120 Steve,

00:49:48.620 I'm on all social media

00:49:49.940 channels at

00:49:50.680 Schilling 1776.

00:49:52.960 But Steve,

00:49:53.760 listen,

00:49:54.520 you got to come

00:49:55.220 on my podcast.

00:49:56.240 I'm on episode seven now

00:49:57.900 and it's a weekly podcast.

00:49:59.880 It's called

00:50:00.400 The Terry Schilling Show.

00:50:01.500 It's a very original title,

00:50:03.540 but I got to have you on,

00:50:04.800 sir,

00:50:05.060 because my audience

00:50:06.300 needs to see

00:50:06.940 and hear from you.

00:50:08.100 You're a genius.

00:50:09.040 I got to get you on.

00:50:10.960 I'm in.

00:50:11.660 You just tell me,

00:50:12.160 you just talk to Cameron

00:50:12.980 and let's book a time.

00:50:15.080 All right,

00:50:15.440 sounds good.

00:50:16.060 Always available for Terry Schilling.

00:50:17.240 Always available

00:50:18.020 to be a hoplite

00:50:19.280 in the war

00:50:20.280 to save

00:50:20.620 Western civilization.

00:50:22.220 Love you, brother.

00:50:23.000 Keep fighting.

00:50:25.040 Wow.

00:50:26.280 What a show today.

00:50:28.160 Still,

00:50:28.500 this Texas thing.

00:50:29.740 That's our Patriot Mobile,

00:50:30.720 972 Patriot,

00:50:31.740 Glenn Sturring,

00:50:32.260 the team

00:50:32.700 down in Tarrant County,

00:50:34.320 what they've done down there.

00:50:35.720 I don't need to tell you

00:50:37.100 what they've done

00:50:38.000 to support your values.

00:50:40.120 They are the tip

00:50:41.060 of the tip of the spirit.

00:50:42.080 Now we need to make the switch.

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00:50:45.040 because it layers on top

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00:50:51.140 Call 972 Patriot

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00:50:53.540 or go to PatriotMobile.com,

00:50:55.200 put the promo code

00:50:55.940 in Bannon.

00:50:56.540 You get a month's free

00:50:58.260 when you do the transition

00:50:59.840 and do it today.

00:51:01.400 Sign up,

00:51:01.800 support these guys.

00:51:03.340 This is leading us

00:51:03.980 on the fight

00:51:04.500 to take Texas back.

00:51:07.620 Unbelievable.

00:51:08.680 Also,

00:51:09.300 I think the IRS

00:51:10.720 is going to need some revenue.

00:51:12.100 I understand we don't

00:51:12.680 have a revenue problem,

00:51:13.480 got a spending problem.

00:51:14.500 And guess what?

00:51:15.000 They still want

00:51:15.420 all their revenue.

00:51:16.460 800-958-1000.

00:51:19.260 Tax Network USA.

00:51:20.900 If you haven't filed

00:51:21.880 or if you got a letter

00:51:22.780 from the IRS,

00:51:24.120 do not call the IRS.

00:51:25.360 Yeah,

00:51:25.520 call these guys.

00:51:26.740 800-958-1000.

00:51:28.780 Tell them

00:51:29.140 Bannon sent you.

00:51:30.680 Get a free consultation.

00:51:32.820 And if they think

00:51:34.020 they can help you,

00:51:34.940 think about signing them up.

00:51:36.300 They've cured

00:51:36.840 $1 billion

00:51:37.820 of tax issues.

00:51:40.220 Don't let it sit.

00:51:41.120 Don't let that letter

00:51:41.820 sit in a drawer.

00:51:42.680 It's metastasizing.

00:51:44.220 It ain't going away

00:51:44.960 until you make it go away.

00:51:46.480 Tax Network USA guys,

00:51:47.640 best guys to do it.

00:51:48.600 800-958-1000.

00:51:50.500 Check it out today.

00:51:51.500 Going to leave you

00:51:52.000 with the right stuff.

00:51:52.780 Wow,

00:51:53.080 what a show. 0.68

00:51:53.480 Tomorrow,

00:51:54.440 even more on fire.

00:51:55.580 There's so much.

00:51:56.600 We've got 20 things

00:51:57.320 we're working on tonight.

00:51:58.380 We're going to break it all down

00:51:59.400 for you at 10 a.m.

00:52:00.860 Eastern Daylight Time

00:52:01.980 right here

00:52:02.600 when you will be back

00:52:04.140 in the war room.

00:52:05.520 What if he had

00:52:18.680 the brightest mind

00:52:19.640 in the war room

00:52:20.420 delivering critical

00:52:21.580 financial research

00:52:22.700 every month?

00:52:24.300 Steve Bannon here.

00:52:25.360 War Room listeners

00:52:25.980 know Jim Rickards.

00:52:27.040 I love this guy.

00:52:28.500 He's our wise man,

00:52:29.480 a former CIA,

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00:52:32.020 with an unmatched grasp

00:52:33.720 of geopolitics

00:52:34.680 and capital markets.

00:52:36.120 Jim predicted

00:52:36.700 Trump's Electoral College victory

00:52:38.240 exactly 312 to 226,

00:52:42.000 down to the actual number itself.

00:52:45.480 Now he's issuing

00:52:46.320 a dire warning

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00:53:29.380 Do it today.

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00:54:30.980 and cheers to your health.

Bannon's War Room - May 13, 2025

WarRoom Battleground EP 766： Rise Of Threat And War With Persia

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