Bannon's War Room - WarRoom Battleground EP 988： Financial Markets Shaken Since The War; Stopping The Steal Of 2026

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

00:00:15.720 Pray for our enemies, because we're going medieval on these people.

00:00:20.980 I got a free shot at all these networks lying about the people.

00:00:25.260 The people have had a belly full of it.

00:00:27.160 I know you don't like hearing that.

00:00:28.340 I know you've tried to do everything in the world to stop that, but you're not going to stop it.

00:00:31.300 It's going to happen.

00:00:32.580 And where do people like that go to share the big line?

00:00:35.960 MAGA Media.

00:00:37.300 I wish in my soul, I wish that any of these people had a conscience.

00:00:42.720 Ask yourself, what is my task and what is my purpose?

00:00:46.500 If that answer is to save my country, this country will be saved.

00:00:52.780 War Room. Here's your host, Stephen K. Bannon.

00:00:58.340 It's Tuesday, 14 April in the year of our Lord, 2026.

00:01:02.760 We know that David Perdue, who's a friend of the show, ran for a U.S. senator, long-time U.S. senator and a, I shouldn't say long-time, U.S. senator from Georgia, ran for governor.

00:01:15.860 But a guy that spent his business career, I think with Puma Arditas in Hong Kong, knows China very, very well.

00:01:23.640 He's actually in the Oval Office with the president.

00:01:25.560 A lot of discussion on the Chinese Communist Party and the impact of this.

00:01:30.600 They are not happy at all.

00:01:31.860 They've issued a bunch of statements.

00:01:33.180 Neil McCabe's at the White House.

00:01:34.220 We're going to go there momentarily and get up to speed on everything that's happening there.

00:01:38.980 And maybe the president will call people in and have a chat about this.

00:01:43.260 But I do not believe you're going to see any climb down from the president about this blockade,

00:01:47.760 which we know already, and the media reported it incorrectly.

00:01:51.060 We've, I think, turned back four or five ships.

00:01:55.020 Basically, every ship that was eligible to be turned back got turned back according to the criteria that we have laid out.

00:02:01.820 I've asked Philip Patrick to join us this afternoon.

00:02:03.900 One was about Scott Besson's comments last night at this gathering of the Semaphore folks with all the top financial people really in the world,

00:02:13.100 because I think the IMF meetings are here also this week.

00:02:15.520 also um philip patrick about the blockade fortune magazine head analyst jason ma

00:02:22.000 did an analysis of the current economic environment and took the reports of imf and

00:02:27.600 others talking about gdp going forward his headline in the article is quite concerning

00:02:33.720 u.s naval blockade on iran will trigger a currency devaluation spiral and hyperinflation

00:02:40.760 and potentially ending the war more quickly.

00:02:43.680 Now, this is specifically about what he says is going to happen to the Persians and to the Iranian economy.

00:02:50.820 Scott Besson was already pretty far down the road of trying to do this without an instrument of like a three carrier battle groups

00:02:59.320 to basically choke off any oil coming out, any cash going in.

00:03:03.920 Walk us through, because one of the implications here is that if you use economic warfare on the Persians, number one, the world gets skittish that, hey, the Europeans and kind of with the Americans backing did this to the Russians in Ukraine, and now they're doing it to the Persians. 0.55

00:03:24.100 Why do I keep my assets in Western banks, and why do I keep them in dollar-denominated assets?

00:03:31.140 Maybe I've got to get into a gold asset.

00:03:34.000 That's why the IMF report for the first quarter of this year, for the first time since the IMF has been keeping score for 30 years,

00:03:41.280 showed that there's more gold-related assets in these banks, these central banks, than there are dollar-denominated assets.

00:03:50.440 Also, the second implication is that the world economy is still very skittish right now.

00:03:57.020 A lot of growth rates are being cut because of the dramatic increase in oil and the inflation that's popping up and showing up in the inflation categories.

00:04:07.000 We had E.J. and Tony on this morning, and there's not a bigger supporter of the president.

00:04:12.280 And E.J., you know, was nominated to head the Bureau of Labor Statistics because he was the one that got it correct about all these recalibrations and how they were phony, how the Biden administration was showing millions of jobs, of new jobs created that just didn't happen.

00:04:27.000 And he was correct.

00:04:28.300 He's very concerned about the economy.

00:04:31.540 He's particularly concerned about oil getting back down to a $50 barrel instead of standing at a $90 to $100 barrel.

00:04:38.040 The implication of this article is you take Iran down, you don't know it's the law of unintended consequences.

00:04:45.280 It's a country with 92 or 93 million people. 0.53

00:04:49.160 It's one of the reasons that we've never been able to really implement full sanctions because the UAE is banking them.

00:04:56.420 Other countries are trying to sell for them because they're a sophisticated consumer and it's 92 million people.

00:05:02.980 Your thoughts about this article, particularly the implications that we can destroy and are

00:05:08.200 destroying their economy with hyperinflation, devaluation, all that. What is that going to

00:05:13.480 mean for the dollar? And what is it going to mean for gold in the intermediate and long-term, sir?

00:05:20.380 Yeah, look, the missiles have paused for now, but this is the more, at least for me,

00:05:25.020 the more interesting fight. And that's the behind-the-scenes currency war.

00:05:28.860 Look, we ended up in a quagmire. This was a very tough situation. We've talked before about the

00:05:35.060 Iranians' asymmetric strategy. They understood their leverage being the Strait of Hormuz. 0.99

00:05:41.060 And in the short term, it gave them leverage over global trade. I don't think Trump had a choice.

00:05:47.240 The US response short term, the naval blockade, I think was smart because it ultimately removes 1.00

00:05:53.180 the leverage the Iranians have, and it puts the pressure right back on them. And it was done at a 1.00

00:05:58.820 good time. Cutting off their oil revenue could trigger, as you rightly point out in the article

00:06:03.960 you're referencing, rightly point out, a currency collapse in the country and potentially

00:06:09.080 hyperinflation. We're already seeing early signs that prices in Tehran are just skyrocketing,

00:06:16.520 reportedly up 40% in just a few weeks. As you mentioned, that was already on top of the pressure

00:06:23.340 Treasury Secretary Besant did during the Realde valuation last year. So in the short term, I think

00:06:30.540 the strategy is working and it's forced the Iranians back to the table. Their economy was 1.00

00:06:35.760 already disastrous. They cannot suffer, I think, more damage there. It's encouraging, though, to

00:06:42.740 see the administration playing them at their own game. This is clear sort of Trump policy,

00:06:49.080 and I think it was necessary. The Iranians' leverage over the Strait of Hormuz long term, 1.00

00:06:54.960 though, I don't think really existed. It doesn't benefit the world to create problems there long 1.00

00:07:01.860 term. China and India are included in that. Asian economies are very dependent on oil flowing 0.93

00:07:07.520 through the straits. So long term, I think that was going to get wrapped up. What does that mean

00:07:13.540 for the bigger picture, right? De-dollarization. I don't think a huge amount has changed. We got a,

00:07:20.760 you know, we were talking about this long before the Iran war. China, for example,

00:07:25.360 have been building alternative payment systems since 2013. That is a completely independent

00:07:31.620 financial network, it is out there and available today. So when countries like Iran or Russia

00:07:37.780 can't or won't use dollars, there's an alternative waiting for them. And that's the pattern that

00:07:43.720 we're seeing. So yes, I think the US will win this round of economic warfare. But longer term,

00:07:50.060 as you pointed out earlier, every one of these conflicts, sanctions, blockades, they chip away

00:07:55.480 at the same thing, which is global trust in a dollar-based system. What's been interesting over

00:08:01.480 the last few years is to see how effective economic warfare can be. In many ways, it can be

00:08:08.040 more effective than military warfare. But that is both a good and a bad thing, right? The reason

00:08:13.940 sanctions and tariffs are so effective is because the dollar is still dominant. But that is also

00:08:20.100 what's driving the long-term shift. Listen, if you're on the receiving end, Russia, Iran, or even

00:08:25.440 China, you can't negotiate within the system. So you'll start looking for ways around it. And I

00:08:31.060 think that's what's happening. I don't think anything's really changed longer term. And we're

00:08:37.500 seeing it with the trends, right? Central bank gold buying is increasing. US dollar holdings

00:08:42.220 broadly are reducing. And I think that trend will continue. And things like this just reinforce the

00:08:48.840 idea longer term uh david purdue and this interesting thing is that purdue's not a

00:08:56.400 politician he's a businessman he came from the consumer market i think it was puma and adidas

00:09:00.500 that he ran in uh out of hong kong and had all of asia which is a huge huge responsibility trump

00:09:08.400 is also not a politician he's a businessman and i think they're looking at when they look at china

00:09:13.940 and the CCP, they look at it through the eyes of a businessman and how you complete deals.

00:09:19.400 It was interesting this morning, we had EJ on, and you know he's one of the biggest supporters

00:09:25.420 of Trump's economic program, although he is, and to be blunt, he said it, he says, look,

00:09:29.680 I'm really getting afraid given everything we've done, everything we've done to turn

00:09:34.200 around this Biden fiasco, the big, beautiful bill is all starting to click the longer this

00:09:39.720 drags on because he's like me. He says, hey, the Trump economic plan soars when you have full

00:09:46.540 spectrum energy dominance and oil is $50 a barrel. It soars a lot less when you're at $95 to $105 a

00:09:55.080 barrel just over time. And so he's very concerned about it. But what I found interesting, he was so

00:10:00.440 concerned as an economist to open up Hormuz, whether you have a blockade now and then open

00:10:06.320 and then open it up, or you go in and start doing safe passage for the ships, he said, look, I don't

00:10:11.120 really, he says, I'm not into geopolitics. I don't understand it, but I'm not that concerned with

00:10:16.560 free navigation. I'm particularly not concerned if they're charging a $2 million toll, you know,

00:10:21.460 if they're charging a $2 million toll per vessel, and it's paid in Chinese yuan or crypto, he said,

00:10:28.300 in the overall scheme, I don't have a problem with that, whereas I think you or I would say

00:10:32.860 That's the worst indicator I've seen in this entire situation where the CCP is making a statement with their Iranian proxy that they're prepared in the Gulf to challenge the petrodollar.

00:10:46.120 Now, it's not a huge amount of money, but for the Arabs, it's incredibly symbolic, is it not, sir?

00:10:53.900 It's exactly that.

00:10:55.060 And they're looking at it in terms of that.

00:10:56.780 It's not a huge amount of money, but it is.

00:10:59.060 It's the symbolism.

00:10:59.860 Listen, you know, the petrodollar agreement was built on the idea that we would protect 0.87

00:11:07.020 Arab nations, and in return, they would have a place to sell their oil, they'd reinvest 0.63

00:11:11.420 dollars back into the US economy, and it was a system that worked very well.

00:11:15.280 But that system is fracturing around us.

00:11:17.500 First of all, we're energy independent today.

00:11:19.880 The biggest buyers of oil from Saudi Arabia are Asian countries, and you can see them

00:11:24.700 now kowtowing to China and others.

00:11:27.940 But ultimately, like you said, it's precedent, right?

00:11:31.420 We never thought that tomorrow the world would dump US dollars and buy gold or buy Chinese yuan.

00:11:37.100 It's this chipping away at dollar dominance.

00:11:40.180 And every bilateral trade agreement, every toll paid outside of US dollars creates a very dangerous precedent.

00:11:48.960 And I think it's reflecting weakness. 0.60

00:11:50.960 And the Arab nations don't want to see that. 0.89

00:11:53.280 They're already starting to slowly cozy towards China.

00:11:57.080 these precedents, I think, escalate what is ultimately, I believe, an inevitability longer

00:12:02.840 term. Russ Vogt, one of our colleagues here, is going to be, I think it's the House Budget

00:12:08.940 Committee on Thursday. So I want to give the other pressure to the dollar. Because right now,

00:12:14.080 President Trump has put up a guns and let's cut the butter budget. But the Democrats have already

00:12:19.260 said that's DOA. So that budget increases up to 1.5 trillion, the defense budget. There's still

00:12:25.460 some confusion about the $200 billion, or maybe it's a lot lesser amount because this war seems

00:12:30.580 like the kinetic part is winding down, although we still have a blockade and all of our troops

00:12:35.240 are there. But $200 billion for that, it's kind of uncertain where that's going to come from,

00:12:39.000 although they say everything's going to be paid for. But the Democrats haven't agreed to that.

00:12:43.660 He's going to get lit up like a Christmas tree on Thursday because the Democrats who have never

00:12:51.380 concerned about deficits, debt, interest payments are going to harp all over these interest payments

00:12:57.760 being as high as they are and the deficits being as high as they are. Tell me, what does that mean?

00:13:04.180 Is, you know, and because President Trump was going to cut the budget, unfortunately, he found

00:13:07.620 himself with an economic mess with Biden. Then he found himself with a war. Now you have deficits

00:13:14.180 because if the Democrats don't agree with his spending cuts and they've given every indication

00:13:19.780 they're not even prepared to address it, you're going to have a guns and butter situation with

00:13:24.880 pretty massive, potentially massive deficits. One, do you buy my theory of the case of what's

00:13:30.900 basically happening right now? I think it's pretty obvious. Number two, how is that going

00:13:36.900 to impact the dollar? And what do you think that means long term for gold, the physical gold as a

00:13:42.200 as an investment opportunity? I mean, look, this is political theater. As you said, the Democrats

00:13:48.260 had no interest in curbing spending while they were in office. Now, it's their number one

00:13:53.520 priority. Look, regardless Democrat, Republican, it's the trend that's concerning. We are heading

00:14:01.260 massively in the wrong direction. We are spending more, not less. And this is all based on the

00:14:08.280 assumption that there's still going to be huge demand for the debt. Longer term, I'm concerned

00:14:12.600 that that demand starts to wane. But I've said for years now, if we cannot get our fiscal house in

00:14:17.860 order, this thing is over, right? There's no other way. If we're amassing deficits, printing money,

00:14:24.340 servicing, it has only ever gone one way in history. Curbing the spending is going to be

00:14:29.580 the most important thing. I've always believed that if President Trump just took over and rightfully

00:14:36.080 got the election he should have won, you know, his policies would have been much easier to implement.

00:14:42.260 But the damage that was done under the Biden administration in four years made this an almost

00:14:47.400 impossible job and we're seeing it play out even for an administration whose number one focus was

00:14:53.600 getting control of the budget it's proving an almost impossible task to achieve then you get

00:14:59.320 black swan events like iran wars and other things the hangover from the biden administration and

00:15:04.760 it's a disaster but what i tell people is this these people cannot get a handle on spending

00:15:10.640 what chance do we have that anybody else does it this is the most important fight that we have

00:15:17.440 the republican democrat i don't care we need to get a handle on this so the democrats are going

00:15:24.260 to use this to their political advantage but anybody who's been watching for a long time

00:15:29.020 understand that is just nonsense but the reality is we need to curb spending whether it's republicans

00:15:34.940 democrats i don't care but until we get a handle on that the problem's not going away

00:15:40.880 And you can see this from Iran. 0.94

00:15:44.720 If you had to ask me what was a more imminent threat, their ability over a number of years with fairly high hurdles to get to a nuclear weapon versus the ticking time, so many inside the wire crises we have. 0.91

00:15:59.260 And this one is big, and it seems like no one can address it because as soon as you start to address it, you get smeared, right?

00:16:07.020 You don't care about kids.

00:16:08.140 you don't care about. This is one of the reasons the 25 million illegal alien evaders have to go. 0.99

00:16:13.440 We can't afford them. They have to go. One of the ways you cut is you cut the social, 1.00

00:16:17.700 you cut the social programs. You're going to have to do it. One way to do that is make sure that

00:16:21.760 only people here that are American citizens say, oh, Steve, that's ridiculous. Only American 0.94

00:16:26.040 citizens get it. That's not true. You saw it in the situation in Minnesota. It's rife in California.

00:16:30.940 the whole thing is a con and a fraud and yet philip it is it shocks me that because we know

00:16:38.500 where the math goes and it's not sustainable it impacts the purchasing power of the dollar

00:16:43.860 and therefore gold is one in pattern recognition is one of the reasons that people are trying to

00:16:50.060 get away from dollar to the degree they can dollar denominated assets and the reason central banks

00:16:55.340 are buying gold at record rates because they continue to look at the budgets here in the

00:16:59.900 United States. And now they see with President Trump having a fairly dramatic increase in defense

00:17:04.840 spending, plus the operational tempo of these operations and what they're talking about,

00:17:09.760 $200 billion, it's just going to continue on because the Democrats will never give up the

00:17:16.220 social programs. The Republicans aren't tough enough and strong enough to force them because

00:17:20.660 you're going to have to force big government shutdowns to get there. You're going to be locked

00:17:25.340 into this. You're going to be locked into this situation. We're continuing on this unsustainable

00:17:29.800 path every day. In that case, what should people be thinking about, sir? Well, they should definitely

00:17:36.560 be thinking about precious metals. But I want to say something. I don't want to take away social

00:17:40.320 programs. You don't want to take away social programs. We're spending 50 percent more than

00:17:45.320 we're generating in revenue every single year. It is unsustainable. We need to get that in order

00:17:52.980 And then we can worry about other things.

00:17:55.440 But that is the priority.

00:17:57.220 If this was a household, their line of thinking would be an absolute absurdity.

00:18:03.040 If this was a corporation, we would fire them.

00:18:05.840 It's not how life works.

00:18:08.100 And people need to understand that.

00:18:09.760 And until they do, we're going to continue down this path of amassing debt, running deficits,

00:18:15.700 printing money, devaluing the dollar.

00:18:17.880 And we're going to be the ones that suffer.

00:18:19.720 At the end of the day, we're going to have our wealth stolen through inflation and currency

00:18:24.460 devaluation.

00:18:25.700 I'm sorry to get frustrated, but it is frustrating.

00:18:29.240 Painting this idea that we want to take things away from people, it's nonsensical.

00:18:34.420 We're just dealing with the reality of the situation.

00:18:37.840 But my point is simply this.

00:18:39.580 As long as this continues, I think the dollar will continue to lose value longer term.

00:18:45.720 That will drive gold prices up.

00:18:47.980 And I think everybody needs to be thinking, look, if we cannot get a handle on this, I've got to have a hedge in place.

00:18:55.200 And precious metals have been a hedge on currency devaluation for thousands of years, and they will continue to do so for thousands of years.

00:19:02.640 So I would just encourage everybody to get information, read, learn as much as you can, and the solutions will present themselves.

00:19:11.600 Yeah.

00:19:12.940 It's the reason we did End of the Dollar Empire.

00:19:15.060 The last thing I want to bring up, birchgold.com, promo code Bannon.

00:19:17.380 go there today. You can backorder our magnificent hard copy or you can get the free seven installments

00:19:23.280 today plus the eighth. You mentioned something. I do not want to bury the lead. One of the reasons

00:19:28.020 I thought Scott Besson would be a great secretary of the Treasury. And I think the consensus is he

00:19:32.580 he is. So thank you, Mr. Bannon, for taking on Elon Musk, who wanted Howard Lutnick. Good God

00:19:37.700 almighty. I think what a disaster that would have been. Great judgment on Elon's part. A man of the

00:19:43.280 world no doubt um because and and as you know i agree with paul ryan on almost nothing but paul

00:19:52.780 ryan said something in interview a couple of months ago and they go well look the spending

00:19:57.480 is unsustainable how does it come to a crisis he says look i think how it comes to a crisis

00:20:03.000 you have a busted treasury auction scott bessens essentially has to refinance one third let's say

00:20:10.120 25 percent to one third of our federal debt every year. That is now $39 trillion. Scott's out there

00:20:17.960 having auctions all the time. Why do people, they said, well, countries, other countries can't do

00:20:23.780 that. Why can we do it? Because as I said, there's lots of responsibilities for being the dollar

00:20:31.560 empire, for being the prime reserve currency. The British knew this. It's one of the reasons they

00:20:36.180 They were shattered, not just militarily and, quite frankly, socially and spiritually,

00:20:42.400 but they were shattered economically because they had the burden of the pound being the

00:20:47.760 prime reserve currency to keep it up.

00:20:50.060 Their reach was bigger than their grasp, right?

00:20:55.040 It was too much for them.

00:20:57.180 Here's the same thing, because right now, people still need dollars.

00:21:02.300 That's where they buy our debt.

00:21:03.560 That's where we can have these successful auctions.

00:21:05.980 There's going to come a point in time, Philip Patrick, you know this, I know this, that the world's going to say you're going to come from one of these treasury auctions and go, well, you know what, I'm kind of topped off, right?

00:21:18.420 Maybe I want to dump some of this.

00:21:20.380 Maybe I've got too much.

00:21:21.460 Maybe the Americans can grab mine too quickly.

00:21:24.360 The SWIFT system and this.

00:21:25.580 And this is the complexity of what we're dealing with and the reason we try to talk geopolitics, national security and capital markets with you, because you are going to be a big decision maker in this.

00:21:35.620 We just want to make sure you're not whipsault because this we're going to have a national conversation about this, regardless of the revenue and the spending.

00:21:43.600 It's going to become quite evident that there is some point in time where the world's just going to say, hey, look, guys, we just can't take it.

00:21:50.640 We're just not comfortable continuing to buy this at the rates we're buying.

00:21:54.020 Is that essentially the argument of why people are concerned about when you talk about the dollar empire and Bretton Woods and people need our currency to transact, whether you're doing a drug trade in Thailand or you're helping give a donation to a convent in sub-Saharan Africa or an orphanage in sub-Saharan Africa, you've got to convert it into dollars, sir.

00:22:15.920 And that's why we're able to sell massive amount of and Scott Besson is able to refinance this annually.

00:22:23.360 Philip Patrick. Yeah, it absolutely is.

00:22:27.100 And, you know, there's still demand out there.

00:22:29.640 I don't see a busted Treasury auction on the horizon very short term.

00:22:33.400 But what I do see and what we are seeing is higher costs to borrow.

00:22:37.320 And, you know, as we've said many times, this trend, I think, is set to continue.

00:22:41.960 We have, over years, done significant amounts of damage. 1.00

00:22:46.880 And, you know, I have to be honest, it is just less attractive for a foreign central

00:22:53.400 bank to hold dollars today.

00:22:55.120 They need them.

00:22:55.940 They have to transact.

00:22:57.480 But like I said, as the world continues to head in the direction we are, chipping away

00:23:01.880 at the dollar's dominance, there will be a time when that's happened.

00:23:04.880 And listen, we're sometimes paid to be sensationalists.

00:23:08.360 But this is the history of currencies, right?

00:23:11.640 the history of currency is devaluation and decimation. The average length one nation ever

00:23:17.240 holds global reserve currency status is 90 years. We're almost there. In the context of history,

00:23:23.580 this lines up. Now look at all the alarm bells ringing. This isn't sensationalist. This is

00:23:28.740 happening slowly but surely. From the Spanish to the Dutch to the British to the Americans. 0.83

00:23:38.660 Philip Patrick, where do people go?

00:23:40.860 I want them to have full access to you, particularly in times of turbulence, as always.

00:23:45.120 We saw this in the Treasury Department.

00:23:46.880 That's why Scott Besson's been such a godsend.

00:23:49.620 Let's face it.

00:23:50.400 He's been such a safe pair of hands.

00:23:52.980 I couldn't be prouder of the guy.

00:23:54.500 And remember, he was one of the big voices that said, hey, look, if we're going to get

00:23:58.000 real here, let's think about a naval blockade. 0.69

00:24:00.780 Let's have a forcing function to flush out the Chinese and see where they stand on this. 1.00

00:24:05.860 Philip, I want people to get access to you. 1.00

00:24:07.420 your safe pair of hands in times of turbulence. Where do they go? Very simple. Birchgold.com

00:24:13.800 forward slash Bannon, or they can text Bannon to 989898. Get access. End of the Dollar Empire

00:24:21.600 report. Guides on how and why to invest in gold under a Trump administration. So again,

00:24:28.240 Birchgold.com forward slash Bannon. Thank you very much, sir. I appreciate you.

00:24:33.720 thank you neil mccabe at the white house neil i want to put we're gonna go to break i'm gonna

00:24:38.940 come back get the whole story from you on the other side but i want to put people

00:24:41.700 kind of in the west wing and what you guys do that cover us for real america's voice

00:24:46.880 upper press and lower plus you and i were texting there was a little bit of confusion who was going

00:24:51.300 to be in this meeting some of the foreign press had some names that might not be correct we know

00:24:56.480 david purdue is in there with the president but you you say hey i went to lower press to check

00:25:01.560 Tell the audience, we've got about two minutes here,

00:25:04.900 when you're doing your job during the day,

00:25:06.860 you and Brian Glenn and the other folks we have there on a day-to-day basis,

00:25:10.420 upper press versus lower press, what does that mean

00:25:12.920 and why is that important for the audience? 1.00

00:25:17.100 Well, upper press is where Caroline Levitt and the comps, 0.82

00:25:21.240 the leaders, directors, the deputy directors of the comp staff will be.

00:25:25.940 And then lower press is basically your wranglers

00:25:29.360 and you're sort of the press secretaries who basically usher you in and usher you out.

00:25:35.020 They're the ones who will say last question.

00:25:37.400 But they're also the ones that you deal with day to day with individual questions about, you know, has that meeting started yet?

00:25:44.720 Is the meeting still going on and whatnot, Steve?

00:25:49.020 So you're touching base on them all through the day.

00:25:51.320 Yeah, upper press used to be, and that is literally right outside the Oval Office secretarial area.

00:25:59.360 So it's feet from the Oval Office and the president having all these high-pressure meetings and the cabinet room.

00:26:04.860 If you remember JFK and the missiles of October where all the decisions were made there.

00:26:10.480 But you know when President Trump and vice president.

00:26:12.160 So the press, you had people wandering around in the media seeing the press team.

00:26:17.020 They've kind of banned that now.

00:26:18.020 Lower press is right inside the Oval Office.

00:26:21.080 You just go downstairs to this lower press, and it's where the White House pool used to be.

00:26:27.060 If you remember, JFK would every now and again have a swim with whoever.

00:26:33.080 So that is a little bit, but that is now all.

00:26:36.860 The pool exists.

00:26:37.700 I think as you built over, you got the press room built over it,

00:26:41.120 and you've got these cubby holes,

00:26:42.860 and that's where when Neil needs to have an answer,

00:26:45.500 you go down and get a Wrangler and say, hey, what's going on here?

00:26:48.560 You get the straight answer.

00:26:49.520 Anyway, we're taking a short commercial break.

00:26:52.920 If you want the ultimate guide, it's very short and to the point.

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00:27:05.440 Short break.

00:27:06.040 Back to the White House with Neal McCabe in a moment.

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00:34:16.980 Neil McCabe.

00:34:17.580 The biggest story in the world is the blockade.

00:34:19.960 And I think they're saying after early reports trying to mock the Navy and mock Trump and he's off the rails and et cetera, et cetera.

00:34:27.340 I think five ships were kind of notified and five ships turned it back around.

00:34:33.980 So a couple of those had OFAC warnings.

00:34:38.520 This is the official kind of treasury when you're sanctioned and you're not supposed to move kind of the great fleet.

00:34:43.860 And in my understanding that our great ally, UAE, filled them up in, let's say they were filled up in airports, not in Persian ports, and they're trying to head to the high seas when they got turned around.

00:34:56.520 Your sense of how it's going as a former military person, also the vibe in the White House about this as we go into the second day of the blockade, sir?

00:35:08.340 Yeah, the White House is very confident about the way things are going. They feel like they've

00:35:14.780 flipped the script. There is some talk that Pakistan wants to reboot negotiations, and there

00:35:21.640 hasn't been any final word on that. But the president did say that he wouldn't be surprised

00:35:26.720 if negotiations started up again. Certainly, Vance said that the Iranians had moved towards 0.99

00:35:33.000 the administration in their position. The administration has proposed a 20-year ban

00:35:37.900 on their nuclear program. The Iranians are at five. And so that's basically our gap right now. 0.98

00:35:45.040 But as for the blockade, I've seen reports that it was six ships that have been turned around.

00:35:49.960 And that's all been done bridge to bridge on Channel 16. There's been no boardings. There's

00:35:56.360 been no hostility, no shots across the bow. Everybody's sort of playing it calm and loose.

00:36:03.000 and that blockade is very effective, and it's especially effective when you consider that the Iranians send out about 2 million barrels of oil a day through the straits,

00:36:15.640 and 90% of that is going to go to China, and the other big customers of that oil is going to be India, and to a lesser extent, Indonesia.

00:36:25.700 not so much for the use of indonesia but because indonesia has tremendous their their state oil

00:36:32.400 company protamina they have tremendous storage and refinery facilities there and then that oil

00:36:39.440 can be shipped out to other places or then further on to northeast asia steve so you bring up

00:36:45.720 interesting you know david zero is all over we just were so jammed yesterday we couldn't cut to

00:36:49.680 But David Zier was at the was at the Pentagon and Zier, who's got a great nose for news over there.

00:36:55.820 And what's important was saying, hey, look, this this Indonesia thing is just not some, you know, because they all have these type of honorary meetings that the heads of the military go.

00:37:04.620 They shake hands. They review some troops, have a cup of coffee and get some photo op.

00:37:09.140 This was not that they were actually signing an MOU.

00:37:12.000 people should understand if you've got the Strait of Hormuz

00:37:17.880 where all the oil and natural gas in the Persian Gulf comes out 0.94

00:37:21.320 and you've got the gates of fire down there by the Houthis 0.86

00:37:25.940 in what the Gulf of Aden, I think, leading into the Red Sea,

00:37:29.840 you have the Strait of Malacca, which all of it, from Indian Ocean,

00:37:34.000 the South China Sea, and before you get to the Persian Gulf

00:37:38.120 and before you get to the Red Sea, you've got that

00:37:41.140 And everything going to China, everything going to East Asia, everything going to Japan, Taiwan has to go through Malacca.

00:37:46.540 That borders Indonesia.

00:37:48.820 So this was actually very strategic yesterday.

00:37:51.280 And I think it shows how the team of Rubio and Hegseth and Besset and the president are thinking strategically.

00:37:59.600 Because all of a sudden we've never really been that close militarily to Indonesia.

00:38:03.460 Although Indonesia from the 60s has a great hatred of the Chinese Communist Party, given what happened in Indonesia.

00:38:11.140 when Mao Zedong was trying to flip Indonesia and turn it into a totally Marxist country.

00:38:17.240 How big a deal is this, Neil, this MOU that looks like it could be some sort of potential partnership between Indonesia and the United States?

00:38:24.620 It looks like with your eye on the Straits of Malacca, sir.

00:38:30.840 Right. So let's just start at the beginning.

00:38:33.080 Post-Sakarno, who of course was one of the leaders of the third world movement, post-Sakarno of the institutions inside Indonesia, the Indonesian military has been extremely close to the American military.

00:38:46.460 They may participate in maybe 100, 150 different training exercises and events with the U.S. military every year.

00:38:56.060 You always have the Indonesian generals and officers who are training here in the U.S.

00:39:01.500 And so it's a very close relationship.

00:39:03.580 So what Hegseth was doing yesterday was just amping that up.

00:39:07.520 And so there's going to be enhanced cooperation for special operations.

00:39:11.880 There's going to be enhanced training.

00:39:13.380 But most importantly, there was a letter of intent which would grant the United States overflight permission to go over Indonesian territory with our airframes. 0.58

00:39:26.860 And that is highly significant because, you know, Indonesia is very jealous of its sovereignty, Steve.

00:39:33.460 But they're in the process of basically allowing the United States to overfly their country.

00:39:39.160 And I think that's really the kicker that came out of that meeting yesterday, Steve.

00:39:44.340 Mao Zedong realized, and remember, there's no love lost between the Chinese and the Vietnamese. 0.60

00:39:49.500 There was less love lost between Chinese and the Indonesians.

00:39:52.680 But Mao realized for his revolution really to take, to get traction,

00:39:57.200 he had to export it to the countries of Southeast Asia and down.

00:40:01.100 And Indonesia is when he always had the target, had very bloody, 0.58

00:40:04.540 many years of bloody confrontation with the Chinese. 0.94

00:40:08.160 So there's no love.

00:40:09.280 That military has no love for the Chinese Communist Party and kind of knows them, 0.90

00:40:12.380 I think, as the butchers they are, right, probably better than than anybody. 0.86

00:40:18.220 Neil, we're talking about the inside the wire issues.

00:40:21.140 I know that you, particularly when you were there as Ed Martin's wingman, worked on a lot of election integrity,

00:40:26.960 particularly when you guys were over when Ed, before the confirmation issue, over as the U.S. attorney in in in D.C.

00:40:36.960 And also as Ed came back and head of weaponization and DOJ, I think we got a clip.

00:40:41.160 Let's go and play that. And we'll bring Neil McCabe in. The election was rigged. The 2020 election was rigged. We found that out.

00:40:47.740 What you just said is just a piece of that. It's a big piece, but minor, relatively speaking, compared to what they did.

00:40:55.400 They cheated on the election. They cheated on the vote and they cheated in every way possible.

00:41:00.080 And it's the only way we got an incompetent man to be a president.

00:41:03.780 So Donald Trump can't get past his 2020 election loss now with less than seven months to go until the midterms, if you can believe it.

00:41:11.160 Some of the same people who spread election denial conspiracies in 2020 are currently in place to oversee election security and infrastructure with the power to intervene or interfere.

00:41:22.960 As the director of the nonpartisan campaign legal center tells ProPublica, quote, the election denial movement is now interwoven within the federal government and they are working together toward a shared goal of reshaping elections.

00:41:36.760 As you know, you know, we wanted to really take a deep look at what was happening inside the federal government.

00:41:42.160 A lot of these guardrails, they held in 2020.

00:41:44.460 They really bent. They bent almost to the breaking point.

00:41:47.460 But Trump's attempts to overturn the 2020 election, they failed.

00:41:51.980 But in the last year or so, the Trump administration has had a lot of time and a lot of opportunity to try to, you know, overhaul the federal system, to get ready for the midterms.

00:42:02.920 And we wanted to take a very deep look behind the scenes to see what was happening as they get ready for the midterms.

00:42:11.080 Now, one of those key teams, as you mentioned, is a group of people at the Department of Homeland Security.

00:42:18.200 They've called themselves in the past Team America internally.

00:42:21.640 And some of their members come out of a group called the Election Integrity Network, which is led by a lawyer who tried to help overturn the 2020 election.

00:42:29.500 So is there any kind of effort to try to counter what these Trump appointees, his loyalists, are doing within the government?

00:42:38.660 Well, so, you know, the Constitution dictates that states actually, you know, run elections.

00:42:45.120 And one of the things we found as we looked at how the Trump administration was changing things behind the scenes was that a lot of both Republican state officials as well as Democratic state officials are really trying to stand up counter efforts by the Trump administration to impose their way of running elections on them.

00:43:06.060 That can be Republican officials refusing to hand over voter rolls, which the Trump administration has sued them for.

00:43:14.600 That can be Democratic state secretaries of states hiring more lawyers to try and fight what they believe is going to be a coming attempt to overturn potential results in the midterms.

00:43:25.780 The Constitution is very clear that states have the responsibility to run their elections.

00:43:30.240 What the federal government is doing, this administration is doing, is tearing apart that infrastructure because they want to influence and intimidate us into compliance with what they think is the appropriate thing to do.

00:43:43.480 So take us to the to the voter level of all of this for Americans who head to the polls in November.

00:43:48.920 What could be different? What could they see there? What worries you after your research and reporting?

00:43:54.040 You know, so one thing that the Trump administration has really tried to do is they released a new executive order at the end of last month, which would have a which would create sort of a master list of sorts of who could be eligible to vote.

00:44:10.340 You know, there's a lot of worries about, you know, what the Trump administration might do to control about who could show up at the polls, who would be able to do this.

00:44:20.540 There's talk of ICE agents or other people showing up at the polls.

00:44:24.560 The Trump administration has, you know, said that the election is going to be free and fair.

00:44:29.460 That's what they told us.

00:44:30.360 But as we were looking behind the scenes, we found a lot of things that really broke down the old guardrails that prevented, you know, partisan influence on elections.

00:44:40.920 You know, a really key moment that we found was when the Trump White House hired this lawyer named Kurt Olson.

00:44:48.760 Now, Kurt Olson tried to help Trump overturn the 20 election in court, and Trump has hired him to reinvestigate the results of that election.

00:44:57.360 Around the end of this year, Kurt Olson flew down to Georgia ahead of the raid to seize Georgia election materials.

00:45:06.880 And, you know, Olson met with the special agent in charge, the FBI special agent in charge there, and said, you know, I have this report.

00:45:14.040 You know, we've got to, you know, go and try and get these ballots.

00:45:18.080 but the special agent in charge did not go along with exactly what he wanted and was eventually

00:45:24.500 asked to retire. Now, that's really a key moment. Back after Watergate, we established norms,

00:45:30.820 we established rules that tried to prevent the White House from leaning on law enforcement.

00:45:35.980 And this seems to be a possible instance where that guardrail has broken down and is really

00:45:41.920 an indication of what might be happening in the future as we get closer to the midterms.

00:45:45.420 this is all the propaganda they put out there no they're trying to redo the constitution the

00:45:51.200 president of the united states is the chief magistrate and chief law enforcement officer

00:45:54.100 of the united states government full stop um kurt olson is in the executive branch he's special

00:46:00.680 assistant to the president on voter integrity when they talk about i don't want to bury the

00:46:05.560 lead the election integrity network and someone you know they have many people from that network

00:46:11.040 They're some of the leaders in voter integrity that have been working for years on this.

00:46:16.580 That's Cleta Mitchell's group.

00:46:18.340 So they said a lawyer that's very involved.

00:46:20.360 That's Cleta Mitchell.

00:46:21.300 So they're trying to identify these patriots that have worked on election integrity for many years.

00:46:27.200 Neil, you've seen this up close and personal, both at DOJ with the weaponization, also your coverage in media over since the 2020 election.

00:46:35.900 I keep telling people this is going to be a massive firestorm.

00:46:39.580 Todd Blanche on at CPAC being interviewed by Matt Schlapp said, hey, I have no problem at all with ICE agents being near polling stations.

00:46:49.720 Why wouldn't you? Illegal aliens can't vote. 1.00

00:46:52.000 Of course, the media went melted down on the first day of CPAC.

00:46:56.000 Neil, your thoughts and observations, sir.

00:47:01.000 Well, first of all, Kurt Olson is a great, great patriot.

00:47:05.200 and it's absolutely crazy to me that an FBI agent would decide on his own that he wasn't going to

00:47:12.280 follow orders. But that tells you how deeply ingrained this sort of election twist or this

00:47:20.060 election stolen or whatever you want to call it. I think that Todd Blanche is the acting attorney

00:47:25.300 general is really sending out signals that he's more open to what you might consider mega agenda

00:47:32.860 items, certainly with the FACE Act report that came out yesterday. And so it's my experience

00:47:41.380 that when I was inside Maine Justice, that members of Todd Blanche's staff, not Todd Blanche

00:47:46.600 himself, but members of his staff were hostile to any idea of reopening 2020 or looking into 2020.

00:47:55.040 There was one attorney there, a retired JAG officer, and he was an elected official

00:47:59.320 who was then working for Maine Justice, and he was told at the end of December that he was going

00:48:06.560 to be transferred to a mailroom somewhere, and he decided to just resign. But that guy was in

00:48:11.940 the midst of signing a contract for forensic examination of the Fulton County ballots.

00:48:18.660 My first of many reprimands at DOJ was when I was working with this man to try to figure out

00:48:25.140 how to get those Fulton County ballots.

00:48:27.580 But I think now there's a sort of a different mood over there at Maine

00:48:31.240 Justice.

00:48:32.140 And I have every confidence that Blanche and his staff,

00:48:34.940 and frankly has a lot of new staff,

00:48:37.420 a lot of staff that he had was handed to him by the transition team.

00:48:41.000 And now he's sort of picking his own guy, Steve.

00:48:44.200 I think that's very perceptive.

00:48:46.360 I think there's no doubt, Neil,

00:48:49.160 there's been a sea change and I'm not saying it was because of this person

00:48:53.080 of that, but there's definitely a sea change at Maine Justice, and you're right. When I get more

00:48:57.120 time, I'm going to do that and get some of the folks at Danbury I was in prison with

00:49:01.140 because of this fate about these incredible people

00:49:05.240 that pray the rosary in front of these abortion centers. This report the DOJ

00:49:09.280 put out is shocking about how the Biden administration, who's supposed to be a good

00:49:13.260 Catholic, went out of their way, Neil, to torment these people and double their

00:49:17.180 sentences. These men in this prison were absolutely, in a

00:49:21.200 place that was a little short of saints, these men were holy men. I mean, they were saints. They

00:49:27.080 had no money, no resources, but the way they carried themselves, the way you could see the

00:49:32.480 spiritual energy coming out of them, how centered their beings were, which is inspirational to

00:49:37.300 everybody. And these people had the longest terms for literally playing the rosary is outrageous. So

00:49:43.440 Maine Justice, I agree with you. I think you're seeing a sea change. One of the things I think

00:49:47.100 You're seeing a sea change, Neil, is on voter integrity and election.

00:49:51.880 What happened in 2020, this is all part of that conspiracy.

00:49:54.920 John Solomon's on this morning.

00:49:56.440 It's got to be dealt with.

00:49:57.740 We're not going to sweep it under the rug.

00:49:59.140 And people are demanding more and more.

00:50:00.820 But also going forward, particularly this fall, Neil, as you know, there's going to be hotly contested.

00:50:07.600 And I don't care if the left likes hearing it or not. 0.89

00:50:09.660 We're not going to have another election stolen by illegal alien voters. 0.97

00:50:13.580 And if ICE has got to be at the polling place, then ICE is going to be at the polling place.

00:50:17.300 And Todd Blanche, the acting attorney general, already said that.

00:50:20.980 Neil, we've got to bounce.

00:50:22.140 Where do people go to get your content, particularly overnight?

00:50:26.160 There's a lot happening, particularly with the blockade,

00:50:28.700 everything that's happening with the Chinese Communist Party in this war.

00:50:32.080 Where do folks go?

00:50:35.660 Steve, you can find me on all the socials at Reporter McCabe.

00:50:39.460 Have a good night, sir.

00:50:41.300 Neil, thank you so much.

00:50:42.880 can we put up one more time in hanover county on everybody war room posse even if you're not part

00:50:51.000 of the door knockers but once you're there and to meet uh these incredible people that have gone

00:50:56.140 door to door with what we call voter contact in this modern age there's nothing more powerful

00:51:01.980 obama showed you that in the primary against hillary clinton when he took her out obama showed

00:51:07.720 you that when he won the first time second time not so much he had become already totally corrupted

00:51:12.780 Not that he wasn't grubbed it before, but they did have a massive grassroots effort. 0.57

00:51:17.020 You see this from Mondami.

00:51:18.720 The difference in modern politics is voter contact from people who actually believe what they're knocking on a door for.

00:51:25.660 It's just absolutely, absolutely the most powerful thing.

00:51:29.060 And these folks in Virginia have taken their own time in a very long 45 days because the Democrats always want to stretch it out.

00:51:36.520 And we know, I don't know, 60, 70, 80 million dollars of TV ads every second of television.

00:51:42.780 all the white noise just to bombard it but these amazing patriots have stood up and so this sunday

00:51:48.760 from four to seven we want to have a uh we want to have a thank you we're going to have food

00:51:53.620 lots of good speakers a lot of camaraderie interaction get to know each other and get

00:51:59.040 ready take a breath at the end of early voting and get ready for tuesday game day

00:52:03.720 when folks have to deliver in the commonwealth or

00:52:07.400 the 20

00:52:09.640 26 midterms

00:52:11.660 could be a very tough

00:52:13.380 uphill struggle. Going to lead

00:52:15.500 you with Natasha Owens.

00:52:17.680 We're going to be back in the morning.

00:52:19.360 Actually,

00:52:21.200 it looks like I'm back in D.C. for a reason.

00:52:23.760 May have a meeting tomorrow.

00:52:25.660 That's the case. We don't know. We're trying to figure

00:52:27.480 it all out. That will be Natalie

00:52:29.480 and Joe Allen, and I'll be back for the afternoon.

00:52:31.900 If I don't have the meeting in the morning, I'll

00:52:33.520 be here. And Harnwell

00:52:35.520 and Joe will be taking over in the afternoon. We'll figure

00:52:37.520 it all out. Just join us in the morning.

00:52:40.640 Worst case, I'll

00:52:41.420 call in from my meeting.

00:52:43.680 Back here at 10 a.m. Eastern Daylight

00:52:45.800 Time tomorrow morning when you'll be

00:52:47.580 back in the war room.

00:52:49.400 Leave you with Natasha Owens. 0.59

00:53:00.240 You know,

00:53:00.920 you still need help

00:53:02.280 from the boss.

00:53:05.520 We need help from the boss. 0.81

00:53:10.720 If you're 65 or already on Medicare, listen up, folks, and grab a pen. 0.63

00:53:17.200 Maybe even a number two pencil.

00:53:20.200 Call 845-WAR-ROOM.

00:53:22.620 That's 845-WAR-ROOM.

00:53:24.700 Call it right now.

00:53:25.400 I'm serious.

00:53:25.940 Call it.

00:53:26.940 Now, here's why.

00:53:27.620 The insurance companies and their lackeys in the Washington swamp have built a Medicare system designed to confuse you,

00:53:35.520 and rip you off. Rising premiums, denied claims, fine print nobody but a lobbyist understands.

00:53:42.740 Millions of American seniors are paying too much and getting too little. And worst of all,

00:53:47.380 most don't even know it. Hey, that could be you. That's why if you're already on Medicare or will

00:53:53.920 be soon, you need to talk to our friends at Chapter. They have a team of advisors trained

00:53:59.860 to serve American seniors, not the insurance companies. In under 20 minutes, they can find

00:54:05.260 you the best plan for your needs at the lowest cost. Why? They're a data company. They have all

00:54:11.500 the data on every plan. It's totally free. There's no pressure, no BS, just straightforward, honest

00:54:18.680 help from fellow patriots. So don't wait. Call 845-WAR-ROOM right now. That's 845-WAR-ROOM.

00:54:24.600 tell them bannon sent you now listen in the first couple of days of the launch of this company with

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Bannon's War Room - April 14, 2026

WarRoom Battleground EP 988： Financial Markets Shaken Since The War; Stopping The Steal Of 2026

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