Bannon's War Room - WarRoom Battleground EP 801： Big Beautiful Bill Passes Senate And Onto The House Cont.

00:00:00.000 This is the primal scream of a dying regime.

00:00:20.040 Pray for our enemies, because we're going medieval on these people.

00:00:24.000 I've got a free shot at all these networks lying about the people.

00:00:29.000 The people have had a belly full of it.

00:00:31.000 I know you don't like hearing that.

00:00:32.000 I know you've tried to do everything in the world to stop that, but you're not going to stop it.

00:00:35.000 It's going to happen.

00:00:36.000 And where do people like that go to share the big lie?

00:00:40.000 Mega Media.

00:00:41.000 I wish in my soul, I wish that any of these people had a conscience.

00:00:46.000 Ask yourself, what is my task and what is my purpose?

00:00:50.000 If that answer is to save my country, this country will be saved.

00:00:57.000 War Room.

00:00:58.000 Here's your host, Stephen K.

00:01:00.000 Bannon.

00:01:05.000 Tuesday, 1 July, Year of the Lord 2025.

00:01:09.000 We just had the great Mike Lindell, who's all about election integrity.

00:01:13.000 He's going to Washington, D.C. to have meetings on this.

00:01:15.000 I've got Matt Meck up.

00:01:17.000 Matt, we have a big gathering in Las Vegas.

00:01:20.000 And leave it to the hardcores to have it 4th of July weekend.

00:01:23.000 You know you're hardcore on voter integrity when on July 5th you're at the Ahern Hotel all day doing voter integrity.

00:01:35.000 I think it's amazing.

00:01:36.000 I'm going to be the beamed in as the keynote speaker at the end of this.

00:01:40.000 This is kind of from the Steve Stern school of, you know, Steve has these amazing calls every couple of weeks.

00:01:46.000 There's another one in two weeks.

00:01:48.000 We'll make sure we promote it and get he gets massive audience that because people still understand all these great policies, all this great stuff we talk about can't happen unless you win elections.

00:01:57.000 And we're still in the mode of elections being stolen.

00:02:02.000 So, Matt, tell me what's going to happen at the Ahern.

00:02:04.000 I want to make sure everybody goes your website.

00:02:06.000 Anybody's in the general area because, folks, if you're at the Ahern Hotel on a voter integrity thing on the 5th of July on a Saturday, you are MAGA, right?

00:02:17.000 In fact, you're ultra MAGA.

00:02:19.000 So, Matt, tell us what's going to happen, who's going to be there and where do people go to make sure they can they can actually get a ticket and attend?

00:02:26.000 Yes, sir.

00:02:27.000 We are ultra posse.

00:02:29.000 What we are doing on the Ahern on the 5th, the great Joe Hoff is going to moderate this event for us.

00:02:36.000 We're going to have Brian Kennedy and Boone Cutler presenting on elections, administrations and strategy from a political warfare in elections and 5GW in elections.

00:02:47.000 We're going to have three secretaries of state remoting in Wyoming, Missouri and West Virginia prepping for the 2026 election, especially in light of President Trump's executive order.

00:02:59.000 Maybe more to come.

00:03:00.000 We're going to have Trennis Evans speaking on behalf of the American Rights Alliance.

00:03:05.000 That's him, Peter Tickton, Evan Turk.

00:03:08.000 He's going to be talking about election integrity, especially routine of Peter's.

00:03:12.000 You know, Peter is the lead counsel for that team.

00:03:15.000 I believe there's a hearing coming up middle of this month for Tina.

00:03:18.000 We're going to have former representative Kurt Weldon is going to present on taking America back in the FBI's election interference into his election circa 2006.

00:03:29.000 We will also then serve the whole afternoon is going to be no kidding audience participation, hands on high school kids in attendance to show we've gone from the theoretical to the practical paper as a source, hand count process from voter registration, voter validation, tabulation and then reporting.

00:03:51.000 Mark Fincham will talk about what he's doing with the American Fairness Institute.

00:03:56.000 And of course, not to bury the lead.

00:03:58.000 And thanks for all your help, sir, over the several years you've been helping us.

00:04:01.000 We've been doing these events since one December of twenty twenty one.

00:04:06.000 And we are hardcore for election integrity.

00:04:08.000 Wow.

00:04:09.000 Period.

00:04:10.000 One December of twenty twenty one.

00:04:13.000 Just absolutely amazing.

00:04:14.000 And you guys are the toughest.

00:04:16.000 You're like the Marine Corps or the you're the you're the special force of this.

00:04:20.000 Where do people go?

00:04:21.000 I want people to go right now to the website to see everything that's going to happen and to make sure that they can attend if they're in the general.

00:04:28.000 The people at the Ahern Hotel are absolutely fantastic of how they make accommodations for people.

00:04:34.000 So right now, Matt, where do people go?

00:04:37.000 Unauthorized dot one.

00:04:39.000 O.N.E.

00:04:40.000 Go to the events right there on the screen.

00:04:42.000 Register.

00:04:43.000 It's twenty bucks.

00:04:44.000 You get breakfast.

00:04:45.000 You get lunch.

00:04:46.000 It's a full day.

00:04:47.000 The great Stephen K.

00:04:48.000 Bannon as our remote keynote.

00:04:51.000 And all the proceeds from this are going to help as we educate folks who are going out the whole West Coast to help, especially a month in California, educating them on election integrity.

00:05:04.000 Well, I'm going to give you a fire breathing keynote.

00:05:07.000 So then everybody can go.

00:05:08.000 You can start happy hour right after that.

00:05:10.000 So honored to do this.

00:05:13.000 Matt, you guys are absolutely terrific.

00:05:15.000 And you're the backbone of the voter integrity of this movement.

00:05:19.000 So I really appreciate you.

00:05:20.000 Appreciate you coming on.

00:05:21.000 Appreciate you putting together.

00:05:22.000 Look forward for everybody on Saturday in the Ahern Hotel in Las Vegas, Nevada.

00:05:27.000 Nevada.

00:05:28.000 Thank you.

00:05:29.000 Thanks, sir.

00:05:30.000 God bless.

00:05:31.000 Grace and Moe.

00:05:32.000 Let's push that up.

00:05:33.000 Thank you, brother.

00:05:34.000 Make sure we get a huge attendance in that.

00:05:35.000 Also, the Steve Stern.

00:05:36.000 I think Steve's every couple of weeks.

00:05:37.000 He has his mask thing.

00:05:38.000 I think they got six main impressions the other day.

00:05:41.000 It's just incredible what Stern and his team are doing.

00:05:45.000 Steve Stern of the Flag Shirt Store.

00:05:48.000 I'm going to do something a little different.

00:05:50.000 We don't do a lot of panels here, but I'm going to do a panel.

00:05:53.000 The reason is I've got three of my favorite people.

00:05:55.000 Bacha Unger Sargon, who's a former kind of Democrat.

00:05:58.000 She comes as a very populist, nationalist perspective.

00:06:02.000 I got the Dave Bratt.

00:06:04.000 Finally got him back off vacation or second honeymoon.

00:06:07.000 I don't know what Bratt was on, but it was taking him all over the world.

00:06:10.000 And Bratt's now back with us.

00:06:11.000 Of course, Dave Walsh, who is understands energy, I think, better than anybody.

00:06:18.000 But on a global basis can always get us ahead of the curve, but particularly understands

00:06:22.000 President Trump's full spectrum energy dominance, which I don't think is being factored in here.

00:06:27.000 And I think there's some stuff in the big, beautiful bill that maybe it's big, but it

00:06:32.000 maybe ain't so beautiful.

00:06:33.000 So we're going to get to all that.

00:06:34.000 Here's what I want to do first.

00:06:35.000 I want to go back and play Chip Royce because, folks, there's going to be a throw down, I think,

00:06:40.000 tomorrow.

00:06:41.000 Speaker Johnson saying he wants this thing signed as is.

00:06:43.000 I just don't see that happening.

00:06:45.000 I think there are legitimate questions about some of the parts of the big, beautiful bill.

00:06:49.000 I think it's going to be thrown down.

00:06:50.000 But I want to have Chip's perspective because he lays out a case I think has to be addressed.

00:06:55.000 Let's go ahead and play it.

00:06:56.000 It comes to things we disagree with when you just assume what is current policy rather than

00:07:03.000 having us vote on said policy.

00:07:07.000 I've seen a lot of messaging and rhetoric coming from very good friends of mine talking

00:07:12.000 about how it's somehow anathema or accepting leftist dogma to say and to ask the question

00:07:22.000 about a policy baseline about whether or not that is foregoing our responsibility to do the

00:07:28.000 math.

00:07:30.000 You can believe that the current tax rates that are X, whether it's for the lowest bracket

00:07:36.000 or the highest, should stay the same.

00:07:38.000 And I take on face value that many of my colleagues, the administration and myself included, would

00:07:43.000 like them to stay at that level or even lower.

00:07:45.000 That's my preference.

00:07:47.000 But if you do that, you have to do math.

00:07:51.000 What will be the impact then on revenue?

00:07:54.000 And my colleagues, I think in the Senate in particular, because God bless the House, at

00:07:59.000 least we created a framework by which we were trying to do dollar for dollar.

00:08:02.000 I realize my colleagues on the other side of the aisle disagreed with that.

00:08:04.000 But I want to give credit to the Budget Committee Chairman for trying to hold a line of saying

00:08:09.000 that there ought to at least be a connection, that we ought to at least say, if we're going

00:08:13.000 to do the tax policy, at least do the spending policy.

00:08:16.000 Have the courage and the fortitude to do what you campaign on when you're talking about

00:08:20.000 balancing the dang budget.

00:08:22.000 Don't just talk about it.

00:08:23.000 Don't talk about balanced budget amendments and then go home and say, look at me.

00:08:27.000 I got a balanced budget amendment vote.

00:08:29.000 Did it fail?

00:08:30.000 No, it failed.

00:08:31.000 Yeah.

00:08:32.000 Is it law?

00:08:33.000 No.

00:08:34.000 Right?

00:08:35.000 But ignore, ignore that inflation that is a result of $37 trillion of debt.

00:08:44.000 My colleagues in the Senate failed us.

00:08:47.000 My colleagues in the Senate failed us.

00:08:50.000 They sent us a bill knowingly using a policy baseline gimmick.

00:08:55.000 They sent it knowingly.

00:08:58.000 And they sent it knowing that it was going to have increased deficits.

00:09:02.000 Last question.

00:09:03.000 I'm sorry.

00:09:04.000 It's for my good friend from Texas who I don't really want to put on the spot here in a way

00:09:08.000 that's beyond, I think, the core question, but this matters.

00:09:14.000 Regardless of what one thinks about these policies and wanting to be able to have the economic growth,

00:09:19.000 I want the tax cuts to be permanent.

00:09:20.000 I want all this stuff.

00:09:22.000 But is it fair to say that the lion's share of the deficits will be in the first five years of the 10-year budget window?

00:09:31.000 Is that fair to say?

00:09:32.000 Yes, that's fair.

00:09:33.000 Is that relatively irrefutably fair to say?

00:09:37.000 It's irrefutable to my knowledge.

00:09:41.000 The only way to refute the idea that in the first four to five years of the budget window that we will have significant deficits

00:09:50.000 to the tune of probably close to $2 trillion, $1.8 trillion, even on a dynamic basis assuming the Budget Committee's number,

00:09:57.000 that you have to make up for it in the tail in the last five years of the budget window.

00:10:01.000 The only way to do that, to the best of my knowledge, is to assume more revenue for tariffs and assume higher growth rates.

00:10:10.000 So I think you have to assume, I haven't done the exact math, 3 to 3.5% growth over 10 years, which I hope we have,

00:10:18.000 and we should aspire to get, and tariff revenue at the rate that we currently are bringing it in or more,

00:10:25.000 which CBO has scored, to CBO's math, $2.8 trillion.

00:10:30.000 I just did that from memory.

00:10:31.000 Something like that.

00:10:32.000 It's going to be about $280 billion a year.

00:10:34.000 So you have to assume that tariff revenue and assume, call it 3.5% roughly growth.

00:10:39.000 Then you start to kind of wash out what we're doing in Congress by our choice.

00:10:46.000 Everything we just said, we're leaving essentially the administration to go carry out.

00:10:50.000 If I'm characterized anything incorrectly, does anybody want to challenge what I just said mathematically?

00:11:02.000 With that, I will yield back.

00:11:05.000 Thank you, Mr. Roy.

00:11:08.000 Okay, this is what I've been, you know, spending hours behind the scenes banging on.

00:11:14.000 If you're going to sell this deal, you've got to sell the deal.

00:11:17.000 I mean, this is like being in investment banking.

00:11:19.000 When you get a merger, you get a big acquisition.

00:11:21.000 You're going to do a public offering.

00:11:22.000 I don't care what you're going to do.

00:11:24.000 Sell a bunch of bonds.

00:11:26.000 You've got to tell the story.

00:11:28.000 And you have to tell the story in a way that is accessible.

00:11:32.000 We're doing a supply side tax cut.

00:11:35.000 Okay?

00:11:36.000 A big part of this is for business.

00:11:39.000 And some of what they're doing is on amortization and depreciation and expensing big capital investments in period zero to make sure that you don't have to pay as much taxes to incentivize business to put capital, to invest capital and put capital to work.

00:11:56.000 When they say static versus dynamic, the CBO is a very static model.

00:12:00.000 Okay?

00:12:01.000 It kind of puts the math in there and you see in this side they get the $3.3 trillion I think increased deficits over time.

00:12:08.000 Now, it doesn't have to be like – dynamics are much obviously closer to reality of what is done.

00:12:15.000 But all those pieces have to be brought together.

00:12:18.000 You have to – Stephen Miron, Joe Lavagnier, the Secretary of Treasury, Scott Bessett.

00:12:25.000 I'd love to see Hassett.

00:12:26.000 He's head of NEC.

00:12:27.000 Ought to be on every show and every podcast.

00:12:30.000 Wash, rinse, repeat.

00:12:32.000 Wash, rinse, repeat.

00:12:34.000 What Chip Roy is saying there is not crazy.

00:12:38.000 Sometimes he's put – oh, he's anti-Trump. 0.99

00:12:40.000 He's crazy. 0.95

00:12:41.000 It's not crazy. 0.98

00:12:42.000 It's actually very well thought through.

00:12:44.000 Those have to be answered.

00:12:47.000 The MAGA movement and President Trump are making a huge bet here, right?

00:12:53.000 And they are asking for a $5 trillion lift to the debt ceiling.

00:12:57.000 Let's be honest about it.

00:12:58.000 This is what part of this is.

00:13:00.000 There are answers to this and there is a model of this.

00:13:04.000 And there's a logic.

00:13:05.000 There's an industrial logic of what they're doing.

00:13:07.000 What Scott Bessett says, we're going to get economic growth of they say 2.8 percent leading to over 3 percent of what Chip just said there to actually drive growth, drive dynamism, get the animal spirits rolling in the United States of America to have a dynamic growing economy coupled with everything he's doing on energy, everything he's doing on tariffs, everything he's doing on deconstructing the administrative state and deregulation.

00:13:33.000 Everything he's doing with deporting people that are here that are really taking advantage of government benefits and Medicaid and all that and getting them home.

00:13:42.000 And at the same time sealing the borders so you don't have this intense pressure against the low-skilled workers, African-American and Hispanics. 0.99

00:13:49.000 And you've just seen already 2.2 percent wage growth.

00:13:52.000 We're all – it's all hitting together.

00:13:54.000 But it has to be explained.

00:13:57.000 It ain't going to sell itself, guys.

00:13:59.000 We have to sell it.

00:14:01.000 And there's not anything about, oh, we have to sell it.

00:14:04.000 It's a – it's not – it's a sophisticated economic plan.

00:14:09.000 And people can understand it if you break it down and you just do it over and over and over again like right there.

00:14:16.000 That end just kills me.

00:14:18.000 Do you have anything – well, no.

00:14:20.000 It's just fine.

00:14:21.000 OK.

00:14:22.000 Then Chip just goes unanswered.

00:14:24.000 Then you're going to get a lot of throwdown tomorrow and you're going to be – people are going to be putting out true socials.

00:14:29.000 And what we need to do is answer the questions because we have the answers.

00:14:32.000 Now, Batia, you're with me.

00:14:34.000 There is a simple solution.

00:14:35.000 It's not to solve the problem.

00:14:37.000 Raising taxes on the wealthy does not solve the problem.

00:14:40.000 The problem here is quite deep and quite structural.

00:14:43.000 But what's your take on Chip Roy and what would be your kind of answer that you think comes from a populist perspective, ma'am?

00:14:52.000 Thank you so much for having me, sir.

00:14:54.000 I think he's almost there.

00:14:57.000 I mean he's outlined perfectly the problem with the math.

00:15:01.000 So what is the answer?

00:15:03.000 And you have done such a great job of saying there's a very simple way to at least get us a little bit further along towards an answer.

00:15:10.000 So I think from the math point of view, from the moral point of view, and from the political point of view, raising taxes on the wealthy is just a winner.

00:15:19.000 It helps with the math.

00:15:20.000 It helps pay down the deficit.

00:15:22.000 Morally, I mean, why are we comfortable taking a risk on rural hospitals, but we're not comfortable saying to a billionaire, pay a little more, you'll never feel it.

00:15:37.000 I think there's this fallacy that they couldn't have kept the tax cuts for the working class and the middle class while then raising it for the rich.

00:15:46.000 And another fallacy you pointed out, which is a really good one, that the brackets have to stay where they are.

00:15:52.000 Why should it be that a person who's making $500,000 a year should be in the same tax bracket as a billionaire?

00:15:59.000 And this brings me to the political question, which is 65% of Americans who make over $500,000 a year now, so that top bracket as it is right now, are Democrats.

00:16:12.000 Why is the party of the working class bending over backwards to give tax cuts to Democrats?

00:16:21.000 For every billionaire who backed President Trump, Kamala Harris had two.

00:16:26.000 Why is the party of the working class bending over backwards?

00:16:29.000 It's like they have this muscle memory.

00:16:32.000 There's another fallacy here that corporate taxes and taxes for the rich are the same thing.

00:16:37.000 They're not.

00:16:38.000 The president has been brilliant in using dropping the corporate tax rate to bring back and reshore manufacturing to increase the incentive for jobs creators.

00:16:51.000 That's great.

00:16:53.000 That's totally different from salt deductions for rich liberals.

00:16:59.000 So I think you've been completely correct on this.

00:17:02.000 And I truly appreciate the point you made earlier that seeing 18 Republicans join Susan Collins and even consider, contemplate going to people making over $25 million a year and saying you pay for the rural hospitals.

00:17:18.000 I think that's a really good sign of where the party's going.

00:17:21.000 By the way, I want that if the production team, you get that Hill story.

00:17:25.000 I want to put that up.

00:17:27.000 But you said the most brilliant thing.

00:17:30.000 And I've got a piece of evidence to back Bacia Unger-Sargon up when she said most of the billionaires and most of the wealthier Democrats in let's go back to January, February and March of 2021. 0.66

00:17:43.000 In the darkest days of the MAGA movement, folks, you probably were not too focused on this.

00:17:49.000 But as you do remember, the Democratic Party under Nancy Pelosi controlled the House.

00:17:54.000 You remember that.

00:17:55.000 They had the Senate with Chuck Schumer and hapless Joe Biden on a stolen election was at the White House.

00:18:01.000 They had the trifecta.

00:18:03.000 And Bernie Sanders and all these guys made a big deal.

00:18:06.000 And Focahontas made a huge deal. 0.85

00:18:07.000 Elizabeth Warren made a huge deal about taxing the wealthy, taxing the wealthy. 1.00

00:18:11.000 It didn't even get out of committee.

00:18:13.000 They didn't really have any hearings.

00:18:15.000 They had some performance stuff.

00:18:17.000 Nothing got done.

00:18:18.000 The Democrats don't tax the wealthy because the party structure is they have a billionaire and a wealthy donor class.

00:18:25.000 Then they have the credential class that's kind of wandering around.

00:18:29.000 You see them now in that campaign in New York City, the credential class.

00:18:33.000 And then it drops all the way down to they kind of have this group of not even working poor, kind of indigent. 0.92

00:18:39.000 That's the Democratic Party.

00:18:40.000 They've totally cut out the working class. 1.00

00:18:42.000 It used to be the party of the working class.

00:18:44.000 My family were all Democrats, Union Democrats.

00:18:46.000 It used to be the party of the middle class.

00:18:48.000 It's not.

00:18:49.000 It's abandoned that.

00:18:50.000 And what Batch is just saying, yo, here's the logic.

00:18:54.000 When they controlled it, they didn't raise taxes.

00:18:57.000 The reason they didn't raise, they talk about it and they called Trump and all of us.

00:19:01.000 Oh, we're doing it for the oligarchs.

00:19:03.000 We're the anti oligarchs.

00:19:04.000 You just saw in the vote on A.I.

00:19:06.000 The Democrats had total control.

00:19:09.000 They could have done anything they wanted.

00:19:10.000 They could have passed anything they wanted.

00:19:12.000 What did they do?

00:19:13.000 The one thing they didn't do, they had some performance on taxes and didn't raise taxes on the wealthy.

00:19:19.000 They didn't even come close.

00:19:21.000 Why?

00:19:22.000 They don't have any interest.

00:19:23.000 Their donors that control the party like puppets are not going to allow that to happen.

00:19:27.000 The credential class is there.

00:19:29.000 So it's logical.

00:19:30.000 And I'm quite frankly so proud that we actually got out and Collins on these rural hospitals.

00:19:36.000 And, you know, we're not huge fans of Susan Collins, but she kind of put it out there and said, hey, if we're not going to shut down these rural hospitals, which, oh, by the way, folks, it's kind of the backbone of the Mecca movement.

00:19:46.000 Okay.

00:19:47.000 And make America healthy again.

00:19:49.000 We've got two movements and we're trying to merge it into one is one of the reasons we built this amazing coalition that we won.

00:19:55.000 And President Trump, if you read the Pew research assessment of what went down, it's monumental.

00:20:00.000 And that's because we brought so many different types together.

00:20:04.000 And so it's absolutely essential.

00:20:06.000 Dave Walsh, I want to go to you now on the energy part of this.

00:20:10.000 Why are we not selling?

00:20:11.000 First off, the big, beautiful bill, it's got some big ugly in it.

00:20:15.000 Okay.

00:20:16.000 Because of these Republican senators and these harebrained ideas that we just haven't gotten rid of.

00:20:22.000 I want to talk about that.

00:20:23.000 But also, they don't make the case of full spectrum energy dominance in any aspect.

00:20:28.000 President Trump has got policies out there that are reverting.

00:20:31.000 We're going back to the full spectrum energy dominance of the first term, which got us the 3.4% growth in the fourth quarter of 2019 when all of his policies were hitting on all cylinders.

00:20:43.000 Dave Walsh.

00:20:45.000 And since that time, electrification in the country since that 2019 benchmark has only grown by 2% since that entire time, cumulatively, not per year.

00:20:56.000 And that's the problem.

00:20:57.000 This bill, it's got two features in it.

00:21:00.000 One says that for projects executed through 2027, the solar and wind and battery storage tax credits remain.

00:21:09.000 Unless they're 5% funded in the coming year.

00:21:14.000 If any project, loose language, 5% funded in the coming year post the bill being ratified can occur at any time over the next 20 to 30 years, as long as it's been 5% funded in the next year.

00:21:30.000 And that can mean a whole bunch of things.

00:21:33.000 The project will be subsidized as per the past.

00:21:35.000 So that's a gigantic, gigantic opener for all of this stuff to come forward in the next year and be approved by state public service commissions to move forward in regulated states.

00:21:46.000 And the only projects submitted in states that aren't regulated with open power pools like MISO and PJM to have all of these projects be submitted as per year and somehow 5% funded.

00:21:57.000 Hold it. Hang on. Hang on. Hang on. Hang on. Hang on. Hang on. Hold it. Hang on.

00:22:01.000 Is this the Green News scam? Are these elements left over on the Green News scam?

00:22:05.000 They're still in there.

00:22:07.000 If they only get 5% funding, they can then stick around and get full funding.

00:22:11.000 President Trump's railing against this.

00:22:13.000 Is this part of that?

00:22:15.000 It's entirely that.

00:22:16.000 It's entirely that.

00:22:17.000 So it becomes a real anathema for the president to call this his bill.

00:22:21.000 As he, up to this time he has, it becomes really oxymoronic to call it his bill at this stage.

00:22:27.000 With that kind of a codicil that's now arrived inside it in the last 20 hours.

00:22:31.000 I mean, this is a complete disaster, the fact of that kind of opener being provided.

00:22:35.000 And the investment banks are cheering this on.

00:22:37.000 They're making huge money underwriting these projects.

00:22:40.000 The tax credits alone vastly exceed the value of 5% commitment to these kinds of projects.

00:22:46.000 They'll be all over pushing these forward in mass, 20 years worth of them, within the next year to push these forward.

00:22:52.000 So this has to be shot down in the House.

00:22:54.000 It's got to be.

00:22:55.000 By the way, it can't be called President Trump's bill with that kind of opener to continue the massive billions of solar and wind subsidies.

00:23:03.000 Because the real problem with it is the lack of electrification this stuff provides.

00:23:07.000 It's intermittent, very part-time power.

00:23:10.000 Owing to the fact that for six years, including 2025, we've grown electricity supply by only 2% because that's now 90% of what we're doing.

00:23:20.000 Part-time, five-hour-a-day solar is now 70% of the total new electrification.

00:23:25.000 Hang on.

00:23:26.000 Is there any chance – we talk about this all the time.

00:23:29.000 If we don't scrap this and get refocused, is there any way – can he hit the 3.0 – the 3.5% growth?

00:23:39.000 Because he's got full-spectrum energy dominance on oil and gas, et cetera.

00:23:43.000 But if we don't junk this, is that going to be a headwind?

00:23:46.000 If you were talking to the president right now, he's saying, hey, we've got to hit these growth targets.

00:23:50.000 That's what the key to this whole plan is, and you're not going to do it because we're not growing electrification fast enough.

00:23:56.000 And the reason we're not doing this, we're doing all this crap on the net carbon zero that got the Germans upside down. 0.83

00:24:03.000 I might add the Germans are rearming at a rate nobody has ever seen before.

00:24:08.000 Far be it – I love it, but far be it for me to say they're doing that to make up because all their other industrial production has died because of the net zero carbon.

00:24:17.000 Can President Trump's plan be executed if you still have the baggage from the Green New Deals, sir?

00:24:26.000 It cannot be.

00:24:27.000 The reindustrialization, the reshoring called for inside the plan, the heavy participation in the AI and data center economy cannot happen with 2% electrification growth every five years.

00:24:40.000 We're talking about electrification growth needing to be 40% to 50% over the next five years.

00:24:45.000 It can't be 2% in a whole five years because this stuff doesn't produce – excuse my bad language – hardly enough electricity to matter.

00:24:55.000 It just doesn't.

00:24:56.000 You need to retain all the power plants we now have.

00:24:59.000 That's something critical that's going to have to be done through the EPA, through Zeldin, through the Department of Energy.

00:25:05.000 Cessation of any further plant close downs at this point in time, looking at reopening as many as we possibly can that were shuttered the last three to four years,

00:25:13.000 and then a massive build-out of new combined cycle baseload power plants to the extent feasible.

00:25:18.000 By the way, the turbines will be there.

00:25:20.000 There's all kinds of happy talk about the companies being sold out.

00:25:23.000 That can change.

00:25:24.000 That can be made to change.

00:25:26.000 And part of the reason they're sold out is regulated utilities like Duke and Florida Power and Light have made huge commitments to GE to buy these machines,

00:25:34.000 but to wait for their server-centered clients to let them have the power coming from them,

00:25:38.000 and then let the people eat cake with this five times more costly solar power because that's what that costs.

00:25:44.000 Wow.

00:25:45.000 So, no, you can't have – Germany and England are case studies why that model does not work.

00:25:50.000 It does not work.

00:25:51.000 England is completely a case study.

00:25:53.000 President Trump was absolutely adamant about this.

00:25:58.000 Anyway, hang on for a second.

00:25:59.000 We're going to take a short commercial break.

00:26:01.000 Still got Dave Brackett here, and then we're going to go around again.

00:26:04.000 Kind of like this.

00:26:06.000 Got three of my best people up here, and they're bringing the heat on a Tuesday in June.

00:26:14.000 Anniversary of my going to prison.

00:26:17.000 Next man up.

00:26:18.000 And you're looking at some of the great folks that were next man up.

00:26:21.000 And I got to tell you, I didn't give them a lot of instruction.

00:26:23.000 Just go ahead and do it.

00:26:24.000 The great Johnny Kahn is going to take us out.

00:26:26.000 Birch Gold.

00:26:28.000 Go to End of the Dollar Empire.

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00:26:31.000 Promo code Bannon.

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00:26:33.000 We got a team in Rio right now in the run-up to the BRICS nations.

00:26:39.000 The Global South sitting there going, hey, we're not going to do this anymore.

00:26:42.000 We're going to break it all down.

00:26:43.000 Talk to finance ministers, central banks.

00:26:45.000 While they're buying gold at record rates, you need to understand this.

00:26:49.000 You need to understand why gold has been a hedge for, I don't know, 5,000 years of man's history.

00:26:56.000 Find out what drives it.

00:26:58.000 Not just the, it's never about the price of gold.

00:27:00.000 It's what drives the price of gold.

00:27:02.000 Short break.

00:27:03.000 This July, there is a global summit of BRICS nations in Rio de Janeiro.

00:27:16.000 The stock of emerging superpowers, including China, Russia, India, and Persia are meeting with the goal of displacing the United States dollar as the global currency.

00:27:27.000 They're calling this the Rio reset.

00:27:29.000 As BRICS nations push forward with their plans, global demand for U.S. dollars will decrease, bringing down the value of the dollar in your savings.

00:27:38.000 While this transition won't not happen overnight, but trust me, it's going to start in Rio.

00:27:44.000 The Rio reset in July marks a pivotal moment when BRICS objectives move decisively from a theoretical possibility towards inevitable reality.

00:27:55.000 Learn if diversifying your savings into gold is right for you.

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00:28:38.000 You missed the IRS tax deadline.

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00:31:14.000 You got the ultimate guide to investing in gold and precious metals in the age of Trump.

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00:31:25.000 So make sure you go check that out today.

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00:31:28.000 It gets you the in-depth understanding of gold and precious metals in the age of Trump.

00:31:35.000 And you also start the process of getting a relationship with Philip Patrick and the team that we've got down in Brazil right now to talk to kind of meet the global south and explain to you why the central banks of the global south are buying, I don't know, gold at record rates as they have done for the last year.

00:31:52.000 It's not the price of gold.

00:31:53.000 It's the process of how it gets there.

00:31:55.000 That's important.

00:31:56.000 We're trying to teach you not giving you a fish, but teaching you how to fish.

00:32:00.000 Dave Walsh, the engine room is telling me, if we can do that panel up again, the engine room is telling me that Dave Walsh should become a combination of Grizzly Adams meets Outlaw Josie Whales.

00:32:18.000 It's not too shabby.

00:32:19.000 I think there's a lot we can work with there.

00:32:22.000 Dave Walsh.

00:32:23.000 Unbelievable.

00:32:24.000 It's very, very, very distinguished.

00:32:26.000 I like the beard.

00:32:27.000 The beard works.

00:32:28.000 The beard works.

00:32:29.000 So Dave Bratt, you're back.

00:32:32.000 Dave, you were gone.

00:32:33.000 Was that a second honeymoon?

00:32:34.000 Was it a vacation?

00:32:36.000 Were you on a speaking tour?

00:32:38.000 You were out of touch for like a week and the audience was, it was missing you big time, sir.

00:32:43.000 I get no break.

00:32:45.000 I was realigning the Judeo-Christian West with Liz Truss and Nigel Farage and the Speaker of the House Poots in Northern Ireland and arranging for proper Western education.

00:32:57.000 And by the way, I'm wearing blue right now because I'm in a, my cheap laptop here appears to give off the appearance.

00:33:03.000 I'm wearing pink shirts the last time.

00:33:05.000 So Dave Walsh, don't let him give you any junk. 0.98

00:33:07.000 Just hit him right back. 0.99

00:33:09.000 You know, you know, give him a little guff. 0.99

00:33:13.000 Okay.

00:33:14.000 So Dave Bratt, you were elected to Congress.

00:33:16.000 You were part.

00:33:17.000 I think you were part of the Freedom Caucus.

00:33:19.000 I believe you were there as one of the founders or near the founding.

00:33:22.000 Proudly.

00:33:23.000 Chip Roy proudly.

00:33:25.000 Chip Roy speaking a lot of logic, but you got the Senate bills.

00:33:29.000 You got it.

00:33:30.000 Tell him to square the circle, square the circle for us.

00:33:33.000 Yeah, I'll square the, I'm going to first get to the solution before you cut me off.

00:33:38.000 And so the solution is very simple, right?

00:33:41.000 The marginal rate cuts, the tax package is over $2 trillion there.

00:33:47.000 The investment package is only about $200 billion.

00:33:50.000 So the solution is very simple.

00:33:52.000 You just cut, you take away the rich marginal tax rate benefit.

00:33:57.000 And roughly, you know, and the left says, you know, the rich are getting all the benefits.

00:34:02.000 The top 10% are getting 50%.

00:34:04.000 Yeah, but they're also paying 50% of the taxes. 0.84

00:34:07.000 So that's a wash, right?

00:34:09.000 So let's just keep the economic engine running for capitalism.

00:34:13.000 And instead of giving them the marginal rate, just shove all the money from the marginal

00:34:17.000 rates over to investment, right?

00:34:19.000 Into capital investment, which is only $200 billion in the bill.

00:34:22.000 And then you get massive economic growth.

00:34:25.000 You square the equity cycle, right?

00:34:27.000 This argument from the left against the rich.

00:34:30.000 We got a mayor in New York City right now saying we're going to deregulate hot dog huts. 1.00

00:34:34.000 That's his solution to free market capitalism after the left put in all those regulations.

00:34:41.000 But this is serious.

00:34:42.000 And Chip, Chip, you know, so there's your, there's your solution on the, on the tax side.

00:34:47.000 It'll work.

00:34:48.000 Hang on.

00:34:49.000 Hang on.

00:34:50.000 Hang on.

00:34:51.000 Hang on.

00:34:52.000 Hang on.

00:34:53.000 Bocce's eyes just crossed as did half the audience.

00:34:55.000 I want to slow down and go back to that.

00:34:57.000 I know you are.

00:34:58.000 You see, this is the way the Austrian economics.

00:35:00.000 This is the way the Austrian school economics works.

00:35:03.000 They throw out some big thing and then they, they just zip by it.

00:35:06.000 And you're so embarrassed to say, oh, I didn't really understand that.

00:35:09.000 You just stay quiet.

00:35:10.000 No, no, no, no, no.

00:35:11.000 We're going to go back.

00:35:12.000 When you talk to me about the two train, the two train is a total tax.

00:35:16.000 And when you say the investment, these are things that are designated in the bill as investments,

00:35:21.000 but that's not the corporate investment.

00:35:23.000 They're getting a big tax cut because, and we're doing all types of things on the accounting

00:35:27.000 side to make sure we're driving private.

00:35:29.000 This is not, this is not done for public investment.

00:35:33.000 President Trump, what he wants is, is private investment.

00:35:36.000 So walk me through the two train versus the 200 billion in that regard.

00:35:40.000 Yes.

00:35:41.000 The, the marginal reducing everyone's marginal rates, right?

00:35:46.000 So that's nice and sounds great and it's all good, but it's not as pro growth is totally

00:35:51.000 going after capital investment, right?

00:35:53.000 I've been on the show forever.

00:35:54.000 Productivity has been going down for 70 years.

00:35:57.000 How do you solve that?

00:35:58.000 How do you solve that?

00:35:59.000 You shove all the money from the rich into capital investment, take away their marginal

00:36:05.000 rate, right?

00:36:06.000 The lower marginal rate they're going to get, jack that back up.

00:36:10.000 But then, and this is, this is macro 101 if people want to look it up, right?

00:36:14.000 The rationale in free market capitalism is that the rich can only consume so much, right?

00:36:22.000 And so, and they invest all the rest.

00:36:24.000 Well that it's not so true anymore, right?

00:36:25.000 They're buying yachts that are like two football fields right now.

00:36:28.000 They're pretty good at consumption.

00:36:29.000 And so we want to make all the rich money go into capital investment that builds plants

00:36:35.000 and goes along with President Trump's reshoring and his tariff package.

00:36:40.000 So just take the money that, and the marginal rate piece is way bigger than everything else,

00:36:45.000 right?

00:36:46.000 It's 2 trillion.

00:36:47.000 And the rich get the biggest share of that.

00:36:49.000 So take away that part and give it back to the rich, but only if they do capital investment.

00:36:54.000 Then the rich are happy.

00:36:55.000 Everybody's happy.

00:36:57.000 A blue collar gets their wages go up.

00:37:00.000 Okay.

00:37:01.000 Hang on.

00:37:02.000 Chip hit that.

00:37:03.000 I'm abstracting from the swamp because spending is totally out of control.

00:37:07.000 Yeah.

00:37:08.000 Yeah.

00:37:09.000 But hang on.

00:37:10.000 If you're going to do supply selling, grow our way out of here.

00:37:13.000 And one of the arguments they are making behind the scenes is that right now, I think the

00:37:18.000 top 1%, something like they drive 50% of the consumer economy.

00:37:22.000 So the two arguments they're making is number one, the deportations hurt you and the ceiling

00:37:27.000 of the border may help the working class, but those people actually come and spend everything. 1.00

00:37:31.000 So they're adding a point to GDP.

00:37:33.000 This is what they're saying behind the scenes.

00:37:35.000 And also that, hey, you can't cut the marginal tax rates because the consumer economy we have

00:37:40.000 is driven by the wealthy.

00:37:42.000 And if you want to see the GDP hit an air pocket, cut that.

00:37:46.000 But that being said, and let's put a pin in it.

00:37:48.000 That's absurd.

00:37:49.000 Right.

00:37:50.000 And I'm about to actually cry here.

00:37:54.000 I think I'm going to get a tear going here because in my hearing, in my hearing actually

00:38:00.000 Dave Brett, the Austrian, the PhD in Austrian economics, are you actually saying that you

00:38:07.000 have no problem with either the snapback or raising the marginal rates on the wealthy,

00:38:12.000 on their income, sir?

00:38:14.000 No, I just said it's a perfect trade off.

00:38:18.000 I watched the movie, Dave, you know, that he's like Forrest Gump, you know, that movie

00:38:22.000 20 years ago.

00:38:23.000 He just had these simple solutions.

00:38:25.000 You just take the money away from them on the marginal rate side and shove it into capital

00:38:30.000 investment.

00:38:31.000 And if they want to argue with that, let them argue all day.

00:38:33.000 Say, we just gave you a chance to get even richer.

00:38:36.000 And so, yeah, it's an easy solution politically.

00:38:39.000 And I think everyone will go for it.

00:38:41.000 Now separate the sheep from the whatever. 0.99

00:38:44.000 But just simplify it.

00:38:45.000 How do you take the snapback on the marginal tax side for their income?

00:38:50.000 What methodology or mechanism do you lower capital gains rates?

00:38:54.000 Do you tell them that they got a, they can get away from paying those taxes if they do

00:38:58.000 it in investment?

00:38:59.000 If they invest in equities, they invest in infrastructure projects.

00:39:03.000 I mean, how do you, how do you make, I know you, I know you Austrian economists just say,

00:39:07.000 Hey, assume it happens and voila, it happens.

00:39:10.000 Can you, I'm a simple Mick.

00:39:12.000 Can you just explain to me how you go from that to the, already I'm excited.

00:39:17.000 You're saying raise taxes on the wealthy, but you've got a trade off, which could be

00:39:21.000 brilliant, but just explain how it actually happens.

00:39:23.000 Of course it's brilliant.

00:39:25.000 It's not Austrian. 0.93

00:39:26.000 They're all atheists. 0.93

00:39:27.000 Adam Smith is good.

00:39:29.000 The Chicago school's good.

00:39:31.000 But it's just macro 101.

00:39:34.000 And so you just, you got two, over $2 trillion in the, in this current package on the marginal

00:39:41.000 rate piece.

00:39:42.000 That's huge.

00:39:43.000 A huge chunk of that's going to the rich.

00:39:46.000 So just change the marginal rates there.

00:39:48.000 So the rich don't get their lower marginal rate and shove it all proportionally into the

00:39:54.000 investment mix package that's already there.

00:39:57.000 And then have a good economic growth debate.

00:39:59.000 What should that be?

00:40:00.000 What constitutes real capital investment?

00:40:03.000 And I hope it's not the green stuff.

00:40:05.000 Dave Walsh been all over that, right?

00:40:07.000 The, the, the, the CBO and all the government gurus have changed definition of what counts as

00:40:12.000 capital over the last 10 years as well.

00:40:15.000 We got to get back to the real nuts and bolts of American manufacturing that the money

00:40:20.000 should primarily go there.

00:40:22.000 And then getting back to the spending side, the, the house and the Senate outflanked, uh,

00:40:28.000 the president Trump on this, they're geniuses.

00:40:31.000 They got the Excel spreadsheet in the sky and they work this stuff to a science.

00:40:36.000 And so going forward, you got to put your congressmen and congresswomen and senators on

00:40:40.000 the record for next time on paper for spending commitments.

00:40:44.000 It can't come down to the last minute like this.

00:40:47.000 Every time it's a joke, we all know how it works, uh, in the freedom caucus.

00:40:50.000 And we, we can, uh, align a strategy to make that happen.

00:40:54.000 Do you think, okay.

00:40:55.000 Do you think that we can hit the 2.8 to three, three and a half percent growth that we're

00:41:02.000 going to need?

00:41:03.000 If you don't make these changes to the tax structure, if you don't somehow incentivize,

00:41:09.000 raise rates for the wealthy, but incentivize them, uh, through other tax mechanisms to invest

00:41:15.000 back into, uh, into capital equipment, into investments that they can get tremendous returns

00:41:20.000 on, but you do that.

00:41:21.000 Do you think that this supply side plan actually can work unless we do something like that?

00:41:28.000 Uh, you know, the reason I got fired is because I tell the truth.

00:41:31.000 And so part of the problem, Chip raised it, right?

00:41:34.000 It's the, it's this, you know, baseline and all this stuff that the problem is there's

00:41:39.000 nothing hyper new coming at us, right?

00:41:42.000 That the tax cuts are already in place.

00:41:44.000 We're going to keep them. 0.97

00:41:45.000 Right.

00:41:46.000 And so the IMF and the world bank and the CBO and the federal reserve all have us growing

00:41:52.000 at 2% as does the leading figure in productivity or less, uh, over the, over the past 70 years

00:41:58.000 at 2%.

00:41:59.000 And so, yes, do I think Trump, if he gets rid rid of the environmental regulatory horror

00:42:05.000 piece, uh, but it looks like the swamp is winning right now.

00:42:09.000 That's why Dave Walsh is so frustrated when the president finds out what happened, uh, overnight,

00:42:14.000 he's going to be horrified.

00:42:16.000 The AI guys, right?

00:42:17.000 Botch is great on the wage workers.

00:42:19.000 Wait till the wage workers find out what happens with AI and all this stuff going forward.

00:42:24.000 That heightens it, you know, exponential growth, uh, of inequality.

00:42:29.000 And so, yes, it's okay.

00:42:30.000 The rich make them prove their case on productivity and, you know, figure out some way to give them

00:42:36.000 the benefits after they get the growth.

00:42:38.000 And it's, it's fairly simple.

00:42:39.000 If you're, if you succeed, good.

00:42:41.000 You get benefits.

00:42:43.000 Hang on for a second.

00:42:45.000 Baccio, about this AI, you've seen this tsunami now, uh, coming from, particularly for white 1.00

00:42:50.000 collar, lower level, white collar people under 35, the coders, all that. 0.83

00:42:55.000 How is that going to plant this about the frustration?

00:42:58.000 You're seeing some of that frustration play out in New York city right now in this mayor

00:43:02.000 race.

00:43:03.000 How is that the AI revolution, which clearly the accelerationists want to keep the pedal to

00:43:08.000 the metal and other people saying, Hey, we got to think this thing through your thoughts,

00:43:11.000 ma'am.

00:43:12.000 First of all, I don't think you should let Dave off the hook because I love everything

00:43:15.000 he just said.

00:43:16.000 But you know, the idea that the freedom caucus is now supporting raising taxes on the rich.

00:43:21.000 This is you, Steve and president Trump.

00:43:24.000 And they're going to act like, well, this is totally obvious.

00:43:26.000 I say this with love, Dave.

00:43:27.000 I love everything you said.

00:43:29.000 I'm so thrilled to hear you say it, but it's not obvious.

00:43:32.000 It's not totally obvious. 0.85

00:43:33.000 It's a freaking revolution. 0.78

00:43:35.000 And I'm so honored to be here to see it. 0.92

00:43:37.000 Okay.

00:43:38.000 That's the first thing.

00:43:39.000 Second thing on AI.

00:43:40.000 Um, you know, the department of labor is thinking in a really interesting, creative way about how

00:43:47.000 how to use AI to give blue collar workers an advantage in a workplace in which there was always this cap,

00:43:56.000 right?

00:43:57.000 If you were in the blue collar workforce, you could only progress to here, let's say.

00:44:02.000 But the management track you had to have a college degree for.

00:44:05.000 And what the department of labor is thinking about is how can we give blue collar workers,

00:44:10.000 AI skills and training that would let them jump the track and start to get into the track for those jobs

00:44:19.000 that really pay $200,000 a year in management.

00:44:23.000 I think it's a really exciting time.

00:44:25.000 Um, as you mentioned, Steve, in the first hour, President Trump in his first term was the first

00:44:30.000 president in 60 years to have more income growth for the bottom 25% of wage earners than the top 25%.

00:44:39.000 That sort of, you know, the trust fund, socialist, mumdani, over credentialed college elites who are hogging the American dream.

00:44:48.000 And so I really think AI could be seen as another mechanism in the toolbox, like controlling the border and controlling the supply of labor,

00:44:57.000 like tariffs that are this brilliant way that the president thinks about using the free market itself to redistribute access to the American dream to the blue collar heartland.

00:45:11.000 Amazing. Hang on for a second. Let's go to Dave Walsh. Dave, uh, when Dave's, uh, I think I, when Dave, uh, uh,

00:45:20.000 Bratt talks about increasing marginal tax rates and putting that back into investment.

00:45:24.000 I mean, that's the core of what you've been saying.

00:45:27.000 Unless we get this energy, uh, thing, right, the, the energy revolution, the full, the full spectrum energy dominance,

00:45:33.000 there's no chance we're going to hit these growth targets that we need to hit to make sure that the deficits don't explode

00:45:39.000 and the debt doesn't explode on us. Correct?

00:45:42.000 Well, he's exactly right.

00:45:44.000 But if you go deeper into it and you look at energy, doesn't need to be subsidized really in any form.

00:45:49.000 We're going to need energy. Energy is a great investment to make for the private sector without it being subsidized.

00:45:56.000 You, you, you let the market dictate what are the most efficient, most cost effective forms of energy to exploit,

00:46:02.000 and you exploit them cost effectively.

00:46:04.000 You don't need to incentivize nuclear, solar, wind, uh, hydro.

00:46:10.000 Nothing needs incentivized. It needs to be cut loose.

00:46:13.000 The problem with what we're doing is we're incentivizing that which runs intermittently in part time, five hours a day of solar,

00:46:20.000 seven hours a day of wind creates a total disaster of a paucity of energy.

00:46:25.000 We have big program in Florida underway for about 45 billion to be spent in the next, in the next 10 years,

00:46:32.000 all on solar and battery storage by the three major utilities here.

00:46:36.000 Wow. Only that. And so there, and what that does, it saturates the time between 9am and 4am with power.

00:46:42.000 And does nothing for the rest of the time because there's no sun power before 9am and after 4pm.

00:46:49.000 So you've got already a massive oversupply of that to begin with, with the first 10,000 megawatts of this they built.

00:46:56.000 And it's because it's in large part because it's subsidized.

00:46:59.000 The public power act of 1930 made that inappropriate and illegal states have been mandated the power to decide what their power generation is and what it costs and what it costs.

00:47:13.000 Those costs shouldn't be masked over by federal legislation that subsidizes it up to 45, 46% including this production tax credit that will be continued.

00:47:23.000 And especially with this next year thing of 5% being committed, committed, not even spent on new projects.

00:47:29.000 This will go on for 20 years.

00:47:31.000 This is a complete disaster, economic growth. Complete.

00:47:35.000 The house has got to unwind this.

00:47:37.000 Dave, thank you for breaking this on, on, on the show and walking people through it.

00:47:41.000 Where do people go to get to outlaw Josie Walsh to get to your, all your information you put up social media.

00:47:49.000 So at Dave Walsh energy and get her true social and X.

00:47:53.000 Thank you, Steve.

00:47:55.000 It's fantastic.

00:47:56.000 Great.

00:47:57.000 Bacia, where do people go?

00:47:58.000 Get your books.

00:47:59.000 I think you might be working on a new one.

00:48:01.000 Uh, your last book was outstanding.

00:48:03.000 Where do they go to get on in particular your Twitter feed?

00:48:06.000 Yes.

00:48:07.000 I'm at Bunger Sargon on Twitter.

00:48:08.000 I'm at Bacia U S on Instagram.

00:48:10.000 I love hearing from the war room posse.

00:48:13.000 Please reach out to me.

00:48:14.000 I read all my DMS.

00:48:15.000 I do my best to write back to all of them.

00:48:17.000 I don't always succeed, but love hearing from you guys, Steve.

00:48:20.000 Thank you so much.

00:48:21.000 God bless you and happy anniversary.

00:48:23.000 I'm being a free man.

00:48:26.000 Well, actually it's an anniversary of actually going to prison four months from now.

00:48:30.000 We'll do the anniversary of being a free man, but thank you, man.

00:48:33.000 Appreciate you.

00:48:34.000 Appreciate you highlighting the other day about the illegal aliens on, uh, on Medicaid, Medicaid.

00:48:39.000 That went a long way to getting things solved.

00:48:41.000 Senator Schmidt and the great team in there in the Senate that did it.

00:48:45.000 Dave Walsh.

00:48:46.000 I mean, Dave Bratt, uh, just give me a headline.

00:48:50.000 Give me a minute on how tough this is going to be in the house tomorrow.

00:48:54.000 You think, since you know, a lot of these guys.

00:48:58.000 Oh, it's absolutely brutal.

00:49:00.000 The full weight of all the capitalists, which is not a capitalist world, right?

00:49:04.000 That's what botches critique it.

00:49:06.000 I'm a highly misunderstood man in the Judeo Christian West.

00:49:10.000 I want what's good for this country.

00:49:12.000 And right now the populist revolution is what's right for this country.

00:49:16.000 Right.

00:49:17.000 That the magnificent seven and all the corrupt elites run the world.

00:49:21.000 The richest seven counties are right around Washington, D.C.

00:49:24.000 Go figure.

00:49:25.000 Right.

00:49:26.000 And we need to take all that.

00:49:27.000 Now, we don't have any free markets right now.

00:49:29.000 The Washington Post today noticed the bond market vigilantes.

00:49:32.000 There's a shocker.

00:49:33.000 The Wall Street Journal today wrote an apologist piece saying that free market needs defenders.

00:49:38.000 I wish you believed in free markets, Wall Street Journal. 0.65

00:49:40.000 You're a colossal joke. 0.58

00:49:42.000 And so that's the problem. 0.96

00:49:44.000 We need to take apart Leviathan, restore power back to the people.

00:49:49.000 And that's what I believe in.

00:49:51.000 That's what's going to happen.

00:49:52.000 And you can follow me on The War Room.

00:49:55.000 What about Brad Economics?

00:49:58.000 I want to make sure I get to Brad Economics.

00:50:00.000 Where's that?

00:50:01.000 Yeah, I got 20 charts on everything bad in the world that happened after 1971 when we got

00:50:06.000 off gold and the Federal Reserve has failed us.

00:50:08.000 Brad Economics on Getter and X.

00:50:11.000 And Kevin Freeman picked that thing up.

00:50:14.000 And people are, Liz Truss wanted those charts.

00:50:17.000 It's a global phenomenon.

00:50:19.000 Go study them.

00:50:20.000 Get your young people. 0.92

00:50:21.000 Once you understand that, we can fix the problem.

00:50:26.000 Thank you, brother.

00:50:27.000 Appreciate it.

00:50:28.000 Bet.

00:50:29.000 Bhatia and Dave Walsh.

00:50:30.000 Fantastic.

00:50:31.000 Great panel tonight.

00:50:32.000 I think that worked.

00:50:33.000 We may try that more often.

00:50:35.000 He just said all the bad stuff that happened in 1971 when President Nixon took us off the

00:50:40.000 gold standard.

00:50:41.000 Why was that?

00:50:42.000 Because our currency used to be anchored in something and it's not now.

00:50:46.000 The dollar, which is the prime reserve currency, is a fiat currency.

00:50:51.000 You have to understand.

00:50:52.000 When you understand gold, you understand how the world works.

00:50:58.000 Remember, Philip Patrick and myself both came from the investment banking industry.

00:51:02.000 We were not gold bugs at all.

00:51:04.000 But have you seen what's happened to fiat currencies over the last 30, 40, 50 years?

00:51:09.000 You understand that you need to understand what a hedge is.

00:51:13.000 And that's what gold has been.

00:51:14.000 Gold has been on a tear this century.

00:51:16.000 It's outperformed this S&P 500.

00:51:19.000 That's not supposed to happen to a hedge against financial turbulence.

00:51:23.000 It's birchgold.com.

00:51:25.000 Promo code Bannon.

00:51:26.000 You get all the access to free information.

00:51:28.000 And more importantly, you start to build a relationship with Philip Patrick and his team.

00:51:34.000 So that you can start to get some financial stability in your own life.

00:51:38.000 Great show today.

00:51:40.000 We're going to be back at 10 a.m. Eastern Daylight Time tomorrow morning when you will be back in the war room.

00:51:47.000 We'll see you next time.

00:51:48.000 We'll see you next time.

00:51:49.000 All right.

00:51:50.000 All right.

00:51:55.000 Okay.

00:51:56.000 Bye.

Bannon's War Room - July 01, 2025

WarRoom Battleground EP 801： Big Beautiful Bill Passes Senate And Onto The House Cont.

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