The Great America Show - March 16, 2022


STEVE BANNON： CHINA AND CCP ARE THE WINNERS IN UKRAINE

Topics
Putin's war on Ukraine existential conflict China and Taiwan semiconductor threat
Hosted by
Lou Dobbs John Fawcett
Mentioned
Donald Trump Joe Biden Vladimir Putin Steve Bannon Zelensky Jake Sullivan Sam Harris Jerome Powell Tony Blinken Paul Volcker Tiger Yang Mitch McConnell Ronald Reagan Roosevelt Victoria Nuland Xi Jinping Milley Joe Scarborough George Marshall Frank Gaffney and 13 more
MACGREGOR SAYS BIDEN SHOULD BE WORKING HARD TO END THIS WAR RATHER THAN DEMONIZING RUSSIA MEADOWS： POLITICIANS CAMPAIGN AS HERCULES, GOVERN AS PEEWEE HERMAN

Episode Stats


Length

45 minutes

Words per minute

172.78

Word count

7,820

Sentence count

560

Harmful content

Misogyny

3

sentences flagged

Toxicity

17

sentences flagged

Hate speech

23

sentences flagged


Summary

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

Steve Bannon joins Lou Dobbs to discuss the Ukraine crisis, the Ukraine conflict, and China's relationship with Russia, and the ongoing trade war with the United States and other NATO allies. Steve Bannon's War Room is a wildly popular podcast hosted by the irrepressible Steve Bannon.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Ladies and gentlemen, welcome to the Great America Podcast with Lou Dobbs,
00:00:04.200 always in the fight for truth, justice, and yes, our American way of life.
00:00:09.220 And now, here he is, the Peabody award-winning voice of truth, the great Lou Dobbs.
00:00:14.440 Hello, everybody, and welcome to the Great America Show, where truth,
00:00:18.360 justice, and the American way are guaranteed. Thank you for being with us as we appraise
00:00:23.780 America's condition and prospects with a decidedly pro-American perspective.
00:00:28.800 No matter where you live, these United States or Canada, Brazil, UK, Europe, Morocco, Egypt,
00:00:36.920 Kenya, Tanzania, South Africa, India, or Indonesia, Australia, or Mexico, and Panama, that's right,
00:00:44.500 those are just a few of the countries where we have subscribers. Our thanks to you all,
00:00:49.880 and we wish you all the very best. And we're delighted you're with us here on the Great
00:00:54.660 America Show, and here we go. In Ukraine, a remarkable development. It may be a disinformation 0.67
00:01:01.300 campaign, at least in part, or it may be the truth on the ground. We'll see. President Zelensky is now
00:01:08.740 thanking the Russian army for abandoning so much of their equipment and weapons, so many that Zelensky
00:01:15.440 says the Russians are now on the major suppliers list for the Ukrainian military and resistance.
00:01:22.080 Zelensky is offering Russian soldiers a chance as well to survive, as he put it,
00:01:28.000 by surrendering to the Ukrainians, promising the Russians safety and security when they do so. 0.92
00:01:34.680 Well, inflation in this country has risen to 10 percent in the latest producer price index reading.
00:01:40.580 Price levels throughout the economy are rising at rapid rates, we all know that,
00:01:45.640 and the Federal Reserve has been widely expected to at least raise interest rates by a quarter percent
00:01:51.600 at its meeting. But that is expected to have no impact on the overheated economy
00:01:57.180 and leave the Fed mulling what to do next in the weeks ahead. There are now prospects of India
00:02:04.040 aligning with Russia and setting up a non-dollar denominated payment system to use for the purchase
00:02:11.260 of discounted crude oil and gas from Russia. Russia and China have already created a payment system
00:02:18.480 of their own that will maintain Russia's purchasing power and create a separate bilateral payment system,
00:02:25.400 again, outside the normal dollar-based international payment system. There is quite simply a war on both
00:02:33.140 truth and the dollar being waged against the United States and Europe, very much outside the borders
00:02:39.340 of Ukraine, and those wars will go on no matter how long or how short the Russians stay in Ukraine.
00:02:46.920 There are already whispers that Russia can't keep up its barrage against the key cities across Ukraine.
00:02:53.180 Maybe within weeks, not months, Putin may be forced to withdraw his forces for lack of fuel,
00:02:59.740 food, sufficient troops, weaponry, and diminishing public support back home.
00:03:05.380 Joining us now to take up all of these issues and more is the irrepressible Steve Bannon,
00:03:11.960 friend, filmmaker, documentarian, businessman, entrepreneur, White House official,
00:03:18.500 former strategist, and presidential advisor to President Donald Trump,
00:03:22.300 and the wildly popular host of the wildly successful podcast, Steve Bannon's War Room.
00:03:29.720 And Steve Bannon, great to have you here on The Great America Show.
00:03:33.660 Thanks for joining us. And let me just start with, right now, Ukraine, Putin's war on Ukraine.
00:03:41.940 And where is China?
00:03:44.180 Well, you know, yesterday, Lou, we had the pathetic example of Tiger Yang having, you know,
00:03:50.100 read us the Riot Act in Alaska with Tony Blinken, goes to Rome, and for seven hours browbeats the soy boy, 0.97
00:03:57.880 Jake Sullivan, and telling him the United States is not going to tell them what to do and what not to do
00:04:02.380 on either financing Russia. Look, they've announced the strategic partnership.
00:04:07.900 Putin went to the Olympics not to see the figure skating or the opening ceremonies to cut a deal
00:04:13.880 or to cement the deal with Xi.
00:04:16.320 Xi and the Chinese Communist Party is the underwriters of this entire endeavor, and the arms merchant, too.
00:04:22.780 No matter what the press say, oh, they may think about it, may not.
00:04:24.960 The cover of the Financial Times today says China is in back-channel talks to give them arms.
00:04:33.280 Look, China, the CCP is the winner here, as I've said forever. 0.95
00:04:37.320 This is part of their plan.
00:04:38.860 And the feckless Biden administration, who's already compromised by China, walked right into the punch.
00:04:45.480 Right into the punch.
00:04:47.120 So did Ukraine. 0.90
00:04:48.240 And one wonders what was accidental and what was contrived and orchestrated.
00:04:54.400 This is a very difficult moment for the United States because NATO, the European Union, is not doing nearly enough
00:05:03.280 that we can talk about the feckless leadership of the Biden administration.
00:05:07.500 It doesn't get more feckless than the entire European Union, particularly when confronted by Vladimir Putin,
00:05:15.700 supported by Xi Jinping.
00:05:17.320 Look, the EU, you know, the people in Ukraine, just listen.
00:05:21.140 Every night on TV, they're saying, where are you guys?
00:05:23.580 You committed to us.
00:05:24.500 You promised us.
00:05:25.440 Where are you?
00:05:26.480 We need the West.
00:05:27.580 We need NATO.
00:05:28.440 We need the EU.
00:05:29.600 The EU tapped these people along for years.
00:05:32.740 The entire reason we're in this situation is the European Union and NATO pressed their bet in Ukraine.
00:05:39.460 They overthrew a democratically elected government.
00:05:42.520 By the way, that was kind of a puppet to Putin.
00:05:45.440 But it was elected by the people, right?
00:05:48.100 They overthrew that in a color revolution.
00:05:50.960 And with promises, the EU promises of NATO, none of those promises have come to fulfillment.
00:05:56.300 Zelensky said over the weekend, hey, maybe I don't want NATO membership because NATO's not really here for me.
00:06:01.800 The EU meets in Versailles last Thursday, and a couple of members of the EU say, hey, I think we've got to slow this whole thing down in Ukraine. 0.73
00:06:10.020 I think it was the Dutch and a couple of the other countries that we've got to slow this down, the application.
00:06:14.620 The EU, Brussels and Davos drove this, and the Ukrainian people are paying the price. 1.00
00:06:22.880 And this is a fiasco, and the United States cannot be sucked in to any further military involvement of what is really a regional issue.
00:06:29.620 When you take the EU and NATO out of it, which they've all backed off, right?
00:06:33.760 When you get them out of the way, now the elites are still pressing, but essentially, you see Zelensky, these guys have lost their appetite for it.
00:06:41.080 You see, this is about the eastern border, these Russian-speaking provinces in the eastern border of Ukraine.
00:06:47.080 I mean, simply, I don't really care about the sovereignty of Ukraine.
00:06:51.080 I'm not really concerned about the territorial integrity of Ukraine, and I'm not really that concerned about the self-determination for Ukraine.
00:06:58.840 That should be worked out with the Ukrainians, Russia, other people in the area.
00:07:03.400 I'm concerned about the sovereignty, territorial integrity of the southern border of this country and the self-determination of the American people.
00:07:11.120 Well said, and absolutely correct.
00:07:13.760 And this president will never, ever secure that border.
00:07:20.280 He will not in any way take a step toward assuring the territorial integrity of the United States.
00:07:27.400 It's not even a question of sovereignty anymore.
00:07:30.380 This president has given us no clue what is of importance to him beyond the climate crisis, as he suggests, beyond attacking every basic, fundamental, traditional institution in this constitutional republic.
00:07:49.480 It's stunning to me that people will not look at this for what it is.
00:07:54.320 This is evil versus good.
00:07:56.580 This is the left versus the American dream.
00:08:01.600 And it is a fight that's being lost by the good guys, in my opinion.
00:08:07.420 Your thoughts?
00:08:08.380 Well, I don't even know if we're putting up a fight.
00:08:11.840 Look, our fight principally to me is with the EU, the Brussels, and the guys in Davos and the elites on Wall Street and in this town.
00:08:21.260 This town last week with us in a very shaky position about being the prime reserve currency in the dark of night, passed a $1.3 trillion discretionary spending bill.
00:08:31.780 We don't have the money to pay for it.
00:08:32.700 We're just going to print more money because the elites in the city don't care.
00:08:35.700 Right now, the enemy we have is the globalists, and the globalists are driving the situation in Ukraine. 0.90
00:08:44.980 Putin, who's a vicious KGB killer. 0.91
00:08:47.840 There's no doubt about that. 0.98
00:08:48.960 He called their bluff.
00:08:50.380 And the people that are being sacrificed are the women and children, these innocent victims in Ukraine.
00:08:56.160 They're the ones crying out every day saying, where are you, EU?
00:08:59.720 Where are you, NATO?
00:09:00.840 You committed to us.
00:09:01.860 You promised us.
00:09:02.440 Zelensky is going to be on Wednesdays.
00:09:04.700 Zelensky is coming by screen, by video, to Congress for, I think, a joint session.
00:09:10.860 Correct.
00:09:11.060 And he's going to lecture the American people again, and he's going to demand that we set up a no-fly zone, of which will lead to a kinetic war.
00:09:19.720 Look, everybody in your audience is already a combatant.
00:09:23.060 We're in the modern warfare, which is called hybrid warfare or unrestricted warfare, information war, cyber war, and economic war.
00:09:30.840 Every bit is important or more important than kinetic.
00:09:33.060 What you're seeing in the streets of Ukraine is from 1939.
00:09:37.640 Well, modern warfare is in the 21st century, and every citizen of this country is now at an offensive economic war with the Russian people, not the oligarchs, not the Russian people.
00:09:49.120 We swept two-thirds of their reserves, right, everything in dollars and euro.
00:09:54.980 We've attacked the central bank and tried to take the central bank down.
00:09:58.420 We're trying to destroy the ruble.
00:09:59.760 Why?
00:10:00.560 Because we understand by destroying Biden and these guys, by using an economic offensive weapon that we never used against the Nazis, we never used against the fascists, we never used against the Soviet Union, we never used against Tojo and the military junta in Japan.
00:10:15.420 By going on offense and destroying their currency, we're going to impoverish the Russian people, and we're hoping for a regime change that way. 0.95
00:10:23.520 People have got to understand there's going to be blowback on that, and you're already seeing blowback.
00:10:26.780 The blowback is now China, which is the big winner here, is setting up an alternative financial system.
00:10:31.860 And once the genie's out of the bottle, there's no going back, and we've got many, many, many decades of tough road ahead of us, Lou, brought about by not just feckless Democrats like Biden.
00:10:44.240 He's clearly an illegitimate president, and illegitimate elections have catastrophic consequences, but the entire Wall Street, corporatocracy, media that props him up.
00:10:53.800 Yes, and there is no, it seems on one level, no comprehension of how far along, a broad comprehension of how far along this attack on the dollar is, the attack on the international payment system is.
00:11:10.760 We have, right now, India setting up a separate payment system for the importation of Russian goods, energy, oil, basic metals, and we have also the Chinese, as you said, setting up the RMB backup to the yuan.
00:11:29.840 It is, and by the way, giving great assurance to Vladimir Putin, that they will have that bilateral payment system ready to go as soon as he needs it, and that is what will pay for the arms that she sends to Vlad.
00:11:50.900 And it's that straightforward, that simple, and meanwhile, what is not in that circle?
00:11:56.000 The United States, Europe, nor any other Western power or nation on the planet.
00:12:03.260 We are looking at the absolutely fundamental reversal of the international payment system and the so-called New World Order that has worked for a very long time, but has come untethered in the last decade, don't you think?
00:12:22.360 Look, Lou Dobbs taught me this 30 years ago, and here's where it was.
00:12:26.260 This post-war international liberal rules-based order atrophied enough that it allowed the rise of China to become an economic superpower by shipping all of our manufacturing base over there with our pension money funding it, Wall Street taking fees off it, ship our manufacturing base.
00:12:42.680 Once you lose your manufacturing base, you're in decline, and that's where we've been.
00:12:46.460 That system worked for a while, but it came apart when the Soviet Union fell, and the reason is that the Chinese gamed the system. 0.95
00:12:54.480 They gamed the system because our elites were in on it.
00:12:56.800 They made money with China's rise and our decline.
00:13:00.180 They made their bet on China. 0.60
00:13:02.000 Their bet's paying off.
00:13:03.100 And here's the thing, what you just said that's so important.
00:13:05.420 In addition to the payment system, if you notice today in the Pentagon and all these great geniuses at the Atlantic Council and Aspen Institute, it's all now the Indo-Pacific strategy.
00:13:17.600 Well, this is what Donald Trump, remember, he had the biggest gathering of Hindus in the world outside of India when he had the Howdy Modi, 50,000 people in Houston came to see President Trump and Modi together.
00:13:30.380 Modi, India is the key that picks the lock and the strategy we had to confront the Chinese Communist Party. 0.88
00:13:37.520 Note to self, India today voted with their currency.
00:13:40.580 They said, ah, we've seen what's going on in Washington.
00:13:44.760 We think we're going to kind of show a little leg here and start to partner with the CCP and the Russians because it looks like they're going to win.
00:13:52.860 And that's why they're doing it.
00:13:53.840 This thing is monumental.
00:13:54.800 Two things happen today geopolitically.
00:13:56.380 We now know why the Saudis, the monarchy, didn't take Biden's phone call.
00:14:01.700 They didn't take a commander-in-chief's phone call, given everything we've done to bail those guys out.
00:14:06.860 They instead announced a state visit by Xi, and the Wall Street Journal just announced they're going to take payment in RMB for their oil.
00:14:14.520 In addition, India said what you just said.
00:14:16.820 We're prepared to make payment.
00:14:18.160 These are monumental geopolitical and geoeconomic decisions that – here's the point for your audience.
00:14:26.380 This is not going to get turned around quickly.
00:14:29.780 We are now on a path – this is the dark valley of the 1930s.
00:14:33.920 And people are going to rue the day we allowed that election to be stolen, and we allowed this illegitimate regime to take charge in Washington because everything they have done has been a total disaster.
00:14:44.300 And that's not Steve Bannon saying that.
00:14:46.380 That's people in Riyadh and people in Delhi saying that.
00:14:49.640 And nothing is any more clear than the UAE and Saudis refusing to take a call from the president of the United States. 0.88
00:15:01.060 In my living memory and in my reading of history, I have never heard of any government not taking the call of the president of the United States. 0.99
00:15:12.420 And then these idiots, these morons who are doing PR for this president, tried to kill the story and deny it, which had already been confirmed and validated by at least three governments two days before that. 0.99
00:15:30.700 They're late. 1.00
00:15:31.860 They're stupid. 1.00
00:15:32.780 And when you're late and stupid, you don't win. 1.00
00:15:34.940 Lou, and I mean this, not just you've been a mentor and a friend and a colleague, we need more Lou Dobbs out there talking reason to the American people. 1.00
00:15:44.840 And this is – and I want people to understand something.
00:15:48.220 Look how quickly this has come on time.
00:15:49.880 Now, Lou Dobbs has been talking about it for 30 or 40 years.
00:15:52.480 I've been talking about it for 10 or 15 years, and I was fortunate enough to work with the president on his campaign and then in the White House to actually take some action on this.
00:16:00.220 But right now, if you see these events, this is what happens in fourth turning.
00:16:05.760 Events start to pick up, and they start to pick up speed and accelerate at an accelerating rate.
00:16:10.740 Every day, these are monumental.
00:16:12.940 I mean to have the Saudis and UAE not take a phone call from a commander-in-chief, to know that they're having state visits by Xi, to know that Xi is meeting in Rome, and once again lecturing the United States for seven hours with Tiger Yang.
00:16:24.960 And anybody that would send Tiger Yang – send Jake Sullivan to meet with Tiger Yang doesn't understand what's going on.
00:16:31.440 You know, Tony Blinken didn't want to go because he already got beat up in Alaska.
00:16:34.560 Every day, these are bombshells.
00:16:36.680 You know, it's been said there are decades in which nothing happens, and then there are months in which decades happen, and that's why we're in one of those now.
00:16:47.100 We're having weeks in which decades are happening.
00:16:49.800 And so, Lou, that's why I'm so glad to have you on the show all the time and be a part of this podcast.
00:16:55.100 And I would just tell you, I'm glad you're doing this podcast every day because we need Lou Dobbs.
00:16:59.960 Lou Dobbs' judgment and reason and wisdom more than ever.
00:17:05.400 Well, same back at you, and I thank you for everything you're doing, and I appreciate all of your support and counsel over time.
00:17:15.240 And I really – I think you're right, and it's something that I know Americans don't really yet understand, that this is not about Ukraine.
00:17:27.480 It is about NATO.
00:17:29.000 It's about the European Union, the relationship with China and Russia, and what will be the result.
00:17:35.940 We have as a countervailing influence to Xi Jinping and Vladimir Putin, Joe Biden, and Kamala Harris.
00:17:47.400 And my Lord, if anyone –
00:17:49.000 Oh, my God.
00:17:49.800 Please, please, don't say that.
00:17:51.600 Don't say that again.
00:17:53.140 Don't say that.
00:17:54.280 It's true.
00:17:55.040 That tells you where we are.
00:17:56.200 We've got – as Trump would say, we have killers on the other side.
00:17:59.760 Hold it. 0.95
00:18:00.160 How about the mullahs?
00:18:01.140 We've got the mullahs in a Persian, Iran. 0.96
00:18:02.840 Oh, my Lord.
00:18:03.520 Right?
00:18:03.800 You've got Xi and Juan Shishan and Tiger Yang in Beijing.
00:18:08.560 You've got Putin and those KGB henchmen in Moscow.
00:18:12.340 And we literally have Joe Biden, Tony Blinken, Jake Sullivan, General Milley, and Kamala Harris.
00:18:19.240 Don't forget Victoria Nuland.
00:18:21.020 She's such a sad sec.
00:18:23.260 Victoria Nuland, by the way, the evil princess who's had her hand from Iraq to taking down the government of Ukraine 0.88
00:18:30.840 and now defending and denying that there are biological research centers with biological research material we don't want the Russians to get.
00:18:38.840 This is what the American people need to be tuned in now more than ever because you're a combatant.
00:18:42.960 You're a combatant in this.
00:18:44.120 This is where the Third World War started.
00:18:46.300 You're in the middle of it, and you're a combatant.
00:18:48.180 You're a combatant definitely on the economic warfare side.
00:18:51.340 I believe you're definitely a combatant on the information warfare side.
00:18:55.200 Both sides align.
00:18:56.460 Both sides are spinning. 0.82
00:18:58.020 And one side's totally incompetent.
00:18:59.660 That's our side.
00:19:00.780 In addition, I hope and pray that we're not combatants in cyber.
00:19:04.720 But if we are, we're about to find out how out-of-date our infrastructure is that Lou and people like Frank Gaffney have been warned about for years.
00:19:14.140 But we're in the fake of this.
00:19:15.420 The audience should not think that you're – somebody said the other day, when's the Third World War going to start?
00:19:19.740 I go, dude, it has started.
00:19:21.240 He says, no, I mean like tanks.
00:19:22.560 I said, that's a war that's from the 20th century.
00:19:25.060 We're in the middle of 21st century warfare right now.
00:19:28.200 And there's no prediction how this thing's going to turn out.
00:19:30.760 Remember, people got to understand something.
00:19:32.580 We've never really lost a war.
00:19:34.040 And what I mean by that, even in Korea, Vietnam, or Afghanistan, Iraq, we've made decisions of when we want to go home.
00:19:42.220 But I mean actual defeat.
00:19:44.300 I mean defeat when we actually have to say we can't go on.
00:19:48.060 We actually surrender.
00:19:50.360 This is – people got to be very careful here.
00:19:52.360 Like in Taiwan, the South China Sea, economically, different parts of the world.
00:19:56.940 The United States right now could be looking at defeat.
00:19:59.740 Do not think it's a foregone conclusion we're going to win now.
00:20:02.540 We can win.
00:20:03.820 We should win.
00:20:05.200 We must win.
00:20:06.540 But you can't do it with the people that you have today.
00:20:08.880 And I even include many, many Republicans in the Senate and in the House.
00:20:14.180 They're giving infantile and dangerous recommendations about what to do.
00:20:19.460 So do not think as far – as much as I love this Republican country, it's served as a veteran.
00:20:24.880 My daughter served it, and I spend every day, like with Lou Dobbs, working to make sure we get things right.
00:20:30.260 It's not a foregone conclusion that we're going to win here.
00:20:32.900 And I think that should send chills to people.
00:20:34.780 This is not like Iraq, Afghanistan, Vietnam, or Korea.
00:20:38.680 We can just decide, hey, we don't want to fight anymore.
00:20:41.400 We want to go home.
00:20:42.660 This is – these are existential.
00:20:44.240 This is an existential conflict that's coming up with a Frankenstein monster that we created, and that's the criminal regime in Beijing. 0.57
00:20:52.360 Without question.
00:20:53.880 And what you're saying is, I am sure, shaking a number of people to the soles of their shoes.
00:21:04.940 But the fact is, we have two political parties, most of which don't really understand what they have done.
00:21:14.820 We watched Mitch McConnell actually sign on to a letter of 40 Republican senators demanding that the United States government allow the polls to send us MiG-29s at Ramstein Air Force Base
00:21:30.060 for the use of the Ukrainians against the Russians in a war in which Vladimir Putin has already said that would be considered an act of war.
00:21:39.360 This is mindlessness on a supreme stage, don't you think?
00:21:45.680 It's mindless.
00:21:46.840 It's infantile.
00:21:48.560 Those MiGs – where's the maintenance? 0.99
00:21:51.780 Where's the crews?
00:21:53.520 Where's the logistics support?
00:21:55.600 Where are even the runways?
00:21:56.520 I mean, when Putin even heard about this, he took out the two NATO – what essentially the NATO bases in western Ukraine.
00:22:01.780 He blew them up, right?
00:22:04.060 And he'll take out every runway.
00:22:05.800 You just can't – these people think, oh, you're going to send these planes over.
00:22:08.500 This is what's infantile, and it's dangerous because he's told you he'll call your bluff.
00:22:13.800 You want to send them over?
00:22:15.260 Come on over, and we'll see where that takes you. 0.98
00:22:17.180 Then all of a sudden you're in a shooting war that we're not prepared.
00:22:19.880 And the American people – and they say, oh, with 75 percent of the American people, think of their support no-flight zone.
00:22:26.300 Ninety-nine percent of the American people don't understand what a no-flight zone is, and the media is not informing them.
00:22:32.140 What the media is doing – what the media is doing is 24 hours a day showing the victims in Ukraine.
00:22:37.400 And it's heart-rendering.
00:22:38.820 It's heart-rendering.
00:22:40.160 But it can come to a conclusion if you actually put – if you actually act like adults and get these two in a room, they can figure things out.
00:22:47.580 There's obviously some issues with that eastern border.
00:22:50.640 There's some issues with Crimea.
00:22:52.360 There's some issues of being a buffer zone.
00:22:54.540 But Zelensky's already said, hey, I've seen NATO.
00:22:56.600 They're not here to help me.
00:22:57.460 I'm not sure I want in.
00:22:58.920 EU has already said to him, hey, we've got to slow this thing down.
00:23:01.800 There's a negotiation to be had here and to stop the killing.
00:23:05.380 And that is not the choice that Biden is choosing.
00:23:12.380 That's not the choice that he's making.
00:23:14.740 It's not the choice he even wants to consider.
00:23:17.620 He wants to talk like a neighborhood toughie.
00:23:20.840 He wants to talk about being at the pool and flexing his muscles.
00:23:26.380 He is, instead of being a president, he is talking as if he is completely unaware of the consequences of his own rhetoric.
00:23:35.380 He has Jake Sullivan, Tony Blinken threatening the CCP, the People's Republic of China, and Russia with consequences.
00:23:47.640 Are you kidding?
00:23:49.380 Luke, you brought up Joe Biden's history.
00:23:54.200 The Chinese Communist Party have less fear of him than Corn Pop.
00:24:00.640 And Corn Pop didn't have a lot of fear of him.
00:24:04.920 And when Joe Biden, quote unquote, wrapped a chain around his arm, Corn Pop, I don't think, backed off an inch.
00:24:12.460 The CCP is not going to back up an inch on Joe Biden.
00:24:16.460 But, no, listen, this would be funny unless it was so deadly serious.
00:24:21.120 And I think this gets back to 3 November.
00:24:23.620 And, you know, I keep saying elections have consequences.
00:24:26.320 Stolen elections have catastrophic consequences.
00:24:28.580 Even for people, and I know, I'm sure there's not a lot that listen to Lou Dobbs that hate the sound of Trump's name.
00:24:35.840 But I say this on the show, and I tell it to everybody, particularly liberals.
00:24:38.520 Even if you hate the sound of Donald Trump's name and you spit on the floor, does anybody, anybody believe that Saudi Arabia wouldn't take its phone call?
00:24:47.960 That Saudi Arabia would say we're going to set up a different monetary system.
00:24:51.340 That the Gulf Emirates would have a state vision for Xi.
00:24:54.420 That Modi would sit there and say, hey, I think I'm on their side for right now.
00:24:57.480 I'm going to work at a deal that was on the currency side so that we can buy their goods and be part of them for right now.
00:25:03.460 Does anybody think that Vladimir Putin would have sent one tank?
00:25:06.900 Does anybody think that Vladimir Putin would have taken down one building in all of Ukraine, including the eastern provinces?
00:25:12.460 Does anybody think that what people have gotten in the grill of this administration, humiliate this administration, that even the NATO allies, which Joe Scarborough says is so organized, that they're still buying all their fuel and underwriting the Russians' aggression?
00:25:27.840 Does anybody in the world think that would have happened on the watch of Donald J. Trump?
00:25:33.040 No, no, they would not.
00:25:34.560 Everybody knows that.
00:25:35.360 He's a man of presence.
00:25:36.700 He's a man of command strength.
00:25:38.540 And he's a man that people are just not going to cross.
00:25:40.740 They're just not going to cross him.
00:25:41.880 The Chinese Communist Party never crossed him.
00:25:44.000 They backed off and signed the skinny deal.
00:25:46.000 They hated him.
00:25:47.080 And I believe that the Wuhan lab virus was part of that.
00:25:50.400 That's all to be proven in days to come.
00:25:52.840 But I can tell you, if you look back at the fall and Christmas of 2019, the economy we had, the lack of inflation, the growth of wages for working class people, the prosperity in the nation, and you compare everything since the Wuhan virus got here and Joe Biden illegitimately took over the presidency,
00:26:09.860 it's going to stand out as a sore point in America in the great expanse of history of this republic.
00:26:16.540 Yeah, certainly.
00:26:17.540 And anyone who thinks it's an accident that Vladimir Putin attacked Ukraine, while at the same time, China raised its bellicosity toward Iran, and Iran fired missiles into Erbil, Iraq, next to our consulate.
00:26:38.060 And the media kept talking about how they missed the consulate.
00:26:42.220 They didn't miss the consulate.
00:26:44.220 They fired into a neighborhood that includes 2,500 American troops that most people don't even know are stationed there, for crying out loud.
00:26:52.560 By the way, up in Kurdistan, really, the Kurd part of Iraq, which are really our best allies know.
00:27:00.360 Look, Lou, people, this thing with the dollar is going to take a time.
00:27:03.260 Today, the producer price is the highest in history, 10%.
00:27:07.700 That's going to blow through the CPI.
00:27:10.200 We have a dumpster fire of an economy.
00:27:12.260 It's only going to get worse.
00:27:13.280 And this is pre-Putin, pre-the lockdowns in Shenzhen.
00:27:16.380 But if people want to know, if China makes a move on the South China Sea or Taiwan, the economy is going to fall 30% overnight.
00:27:25.900 We're going to go into a massive depression.
00:27:28.220 We cannot run the country without the chips, the advanced chips from Taiwan.
00:27:33.080 We now know that Captain Fennell and other members, former members of the Seventh Fleet, Intel, told us the Seventh Fleet cannot stop a blockade.
00:27:41.800 And they can't stop an offensive operation against Taiwan.
00:27:44.740 And this is all going to happen.
00:27:46.600 The Chinese are going to choke down Taiwan after this Ukraine thing dials down. 0.99
00:27:51.420 And you're going to have Kamala Harris in the Situation Room. 1.00
00:27:54.600 You'll have Tony Blinken, Jake Sullivan, Kamala Harris, General Milley, General Austin, and, of course, the always on top of things, Joe Biden.
00:28:04.480 That's a pretty picture you paint there, Steve.
00:28:07.000 When I said that China was threatening Taiwan, the question arises because of the absolutely essential, critical value of all of the semiconductors that are manufactured in Taiwan, if for no other reason, the fact that it's a democracy, that it is a nation that we have supported for more than a half century.
00:28:28.240 This is critically important strategic materials for us, and we won't step up and say we will defend Taiwan.
00:28:38.880 How do you rationalize that for the U.S. government, Steve?
00:28:43.500 You can't.
00:28:44.460 I mean, we don't – look, leave aside the moral and ethical things of defending Taiwan and democracy.
00:28:50.960 Let's put that aside.
00:28:51.980 Let's just say that doesn't matter in this equation.
00:28:54.940 Taiwan is Silicon Valley West.
00:28:56.820 We've allowed the chip – the great chip manufacturing, which we used to dominate in the United States, that the modern economy runs off of, has shifted out of Silicon Valley, and is in Taiwan.
00:29:07.700 It's basically, I don't know, 80% or 90% of the chips.
00:29:09.640 And people think they've had to wait six months for their F-100 to show up because of no chips in the refrigerator, their Viking refrigerator.
00:29:16.920 If we lose that chip design, the economy will drop 30% overnight.
00:29:22.700 It is Silicon Valley West.
00:29:24.340 It must be defended like it's Silicon Valley.
00:29:27.160 We don't have a choice.
00:29:28.840 Hopefully, we can take them down.
00:29:30.060 Look, the tools that they're using against the Russian people in economic warfare, I advocated for a long time, get them off the SWIFT system, take down their currency, make a run on their central bank.
00:29:41.080 We could defeat the Chinese Communist Party economically, but Wall Street's too invested in it. 0.88
00:29:45.820 And so right now, it's going to be left to the seventh fleet.
00:29:48.760 If they roll kinetically, we're going to have a tough road to hoe. 1.00
00:29:51.700 And people have got to be getting ready for the stock market dropping 20%, for the economy dropping, not a recession, but I mean something, a 5% or 10% or 15% drop in the economy.
00:30:00.860 We're going to have a massive layoff, right?
00:30:02.680 Inflation out of control.
00:30:03.760 This is going to be a worse combination than we had in the late 20s, early 30s in the United States.
00:30:10.880 We're entering the dark valley here.
00:30:12.620 And you have nothing but – from Powell at the Fed to Yellen at Treasury to the captains of Wall Street, they're all in it for themselves, the Jamie Diamonds of the world, to the hapless people in the Senate that signed this 2,700-page bill and never read it on Thursday night at 3 o'clock in the morning.
00:30:31.700 There is no leadership in any institution in our country now.
00:30:35.680 And so that's why it's got to be a populist movement.
00:30:37.740 People have to turn to the polls in November, throw these bums out, and we basically have to have a – we have to have a repurposing of this government right now waiting for President Trump to come back in 2024. 1.00
00:30:51.580 I honestly – and I don't mean to sound as negative as what I'm about to say and certainly will connote, but I'm not sure we can wait to 2024.
00:31:02.560 This is not a time where we can repurpose our entire economy and shift from civilian to military goals and objectives and production.
00:31:13.540 We don't have that luxury.
00:31:16.920 We had – people forget, as the socialists, if you will say, of FDR in the White House, but the man had the vision, and so did George Marshall, to prepare the nation for war.
00:31:29.480 We had – people don't remember this.
00:31:31.060 We had a surprise attack on Japan in 1941, December.
00:31:36.960 But at that point, we had a standing army of 1.4 million people.
00:31:42.900 That's because we were bringing in our – and recruiting that army and getting them ready, and they're drilling with broomsticks, for crying out loud, because we didn't have weapons.
00:31:53.940 But the conversion had already begun in anticipation of what was happening in Europe.
00:31:59.920 That is leadership, and there is this myth that suddenly we turned the machine in 90 days.
00:32:05.980 It's not true.
00:32:07.260 We were ready to turn – to throw that switch for six months before the Japanese struck. 0.99
00:32:14.120 And right now, we're a decade behind.
00:32:17.100 Yeah, decade behind.
00:32:18.900 And this is what's so key about even getting involved in – kinetically in the Eurasian landmass.
00:32:24.640 And Roosevelt won in 1940 by committing to the American people, committing to the American people under no circumstances will we get engaged in another land war in Europe.
00:32:35.400 They had already started.
00:32:37.020 London was – France had fallen.
00:32:39.160 London had already been blitzed and bombed, right?
00:32:41.880 Right.
00:32:42.160 The – he promised.
00:32:43.920 He made a commitment because people still had a bitter taste in their mouth of World War I.
00:32:48.420 They still had the League of Nations.
00:32:49.800 We junked.
00:32:50.500 They didn't want any more involvement.
00:32:51.900 Been there, done that, move on.
00:32:54.340 When – on December 7th, after the Japanese hit us and hit us hard in Pearl Harbor and took out basically the Pacific Fleet, a cripple of the Pacific Fleet, 0.97
00:33:01.860 that night there was a discussion in the White House about – because remember, the Germans had turned on the Russians in June of that year.
00:33:10.960 And in December, they were close to the gates of Moscow in the first bitter winter.
00:33:16.380 The next day, Roosevelt only declared war because Japan had attacked us on the imperial forces of Japan.
00:33:24.740 We did not declare war in Germany.
00:33:26.220 Hitler declared war on us 48 hours later, basically two, three days later because of a secret treaty.
00:33:31.940 Because Roosevelt and those guys understood getting in a land war, getting in a conflict, not just in Western Europe,
00:33:38.220 but potentially in the Eurasian landmass, was not something the United States was going to do.
00:33:42.660 And that's why I think we need the type of leadership today to say, look, these pictures are coming out of horrific.
00:33:47.220 How do we stop this?
00:33:48.480 There are many ways to stop this using real leverage, real smarts, real negotiations.
00:33:53.760 Donald Trump, first of all, they would have never done it.
00:33:56.220 But if they did do it, Donald Trump would have been to work out a deal here that worked for both parties.
00:34:00.720 That's what you're not seeing today.
00:34:01.740 You're seeing grandstanding. 0.99
00:34:02.900 And they leak that Joe Biden is going to go over to Europe and try to take some grand tour of having Macron and these guys kiss his ass 0.99
00:34:10.560 because his number – you know, Rasmussen came out this morning, right track, wrong track. 0.98
00:34:15.800 29 percent of the American people think we're on the right track, and that number is not improving.
00:34:20.200 And so now you're going to get a glad-handing and grandstanding Joe Biden on the world stage, which is exactly what you don't need now.
00:34:27.960 You need people in Washington making tough decisions on the economy, tough decisions on inflation, tough decisions on our southern border,
00:34:34.900 and particularly tough decisions about the Chinese Communist Party.
00:34:37.760 And President Biden is on his way to Brussels this weekend for the NATO summit.
00:34:44.660 Great drama, great fanfare.
00:34:47.580 And you know what frightens me more than anything about this?
00:34:51.380 Steve, I'm worried not that he will be on the world stage filled with, you know, surrender by pomp and circumstance.
00:34:57.740 I'm afraid he's going to fall, trip, stumble on the way, and that video is going to be blasted all over China and Russia as the man who is the fearsome leader of the free world.
00:35:10.840 We are in a terrible spot, sort of damned if we do and damned if we don't.
00:35:16.640 We need a leader who will go to Brussels, who will go to, if necessary, Ukraine, if that were a choice.
00:35:25.040 It's not a choice.
00:35:25.800 He's going to go to Delaware or Camp David.
00:35:28.560 That's as far as he's going to go.
00:35:30.020 I will be amazed if he goes on to Brussels because the last time he went to Europe was not a pretty picture indeed.
00:35:36.820 Well, this is where we find ourselves.
00:35:39.460 It's a tough situation.
00:35:40.740 It's a very tough situation.
00:35:41.860 It's going to take a lot of hard decisions, a lot of tough decisions, and the American people are going to understand.
00:35:47.100 I understand they're in pain right now with this inflation.
00:35:49.840 It's only started.
00:35:51.020 The pain is going to get quite severe.
00:35:52.760 We're in for very, very, very tough times ahead of us.
00:35:56.300 And I will introduce one other factor.
00:35:58.520 We have a Federal Reserve that is absolutely mumbling and bumbling its way through.
00:36:05.600 Jerome Powell has been everything I was afraid he would be, a man who doesn't learn from clear lessons.
00:36:10.760 He made mistakes in the Trump administration, raised rates when the president couldn't have been clear, President Trump, telling him, don't raise rates.
00:36:20.520 Here's a man who understood markets and a Federal Reserve chairman who didn't, and he's still there.
00:36:28.020 And Donald Trump, when he is most needed, most needed is not.
00:36:33.660 What a choice that we have made historically.
00:36:36.960 Jerome Powell to lead the Fed and President Trump having to watch all of this.
00:36:43.660 Now, I would just remind you, that's not a choice the American people made.
00:36:50.320 The American people voted Trump in.
00:36:52.240 And we, Bill Barr and the people of the Justice Department and the people that didn't get focused on this allowed this stuff to be stolen by all the phony rules they put in, all the phony rules in the mail-in ballots.
00:37:04.240 And who agrees with Steve Bannon in that?
00:37:06.260 The appeals court in the Commonwealth of Pennsylvania, the Commonwealth Court overturned and said 2.6 million ballots were unconstitutional.
00:37:13.940 The $6 million that were cast in Pennsylvania, all the mail-in ballots.
00:37:19.800 And you're seeing in Wisconsin what's happening there, Arizona.
00:37:22.760 Look, it still gets back, to me, to the railhead of 3 November.
00:37:26.540 We've allowed this to be stolen.
00:37:28.220 We're paying the price for this.
00:37:29.940 We've got to set things right.
00:37:31.560 And I agree with you, Lou.
00:37:32.460 I think that I don't know how we wait to 2024.
00:37:34.840 I do have a solution.
00:37:36.520 I'm not so sure it could totally work.
00:37:37.940 But when we pick up 100 seats in the House, which I think we can do if we get really focused,
00:37:42.200 we make Trump at least the interim speaker for 100 days.
00:37:46.780 We impeach both Joe Biden and Kamala Harris for initiating and exacerbating an evasion of the southern border.
00:37:54.360 We remove them, and then Trump is Speaker of the House, takes over.
00:37:57.080 And I realize that's a long shot, and you have to thread the needle there.
00:38:02.520 But I agree with you.
00:38:03.480 I'm not so sure we can wait until 2024.
00:38:05.320 The country will be very different.
00:38:06.460 But if we have to wait for Trump to come back in 2024, or really January 2025, actually, this country, I'm not so sure we could take three years of this.
00:38:15.100 And that's what you're talking about, three years before Trump can take back over the executive branch.
00:38:19.400 Now, the House can stop a lot of things starting this November, and we have to win an overwhelming majority and hopefully pick up the Senate, too.
00:38:26.580 But, Lou, I've got to tell you, you're right.
00:38:28.000 It's grim.
00:38:28.420 The House can stop a lot of stuff, but it's tough for them to initiate action.
00:38:33.100 And we're in deep trouble, and the Fed is a disaster.
00:38:36.040 I mean, Powell is over his head.
00:38:37.700 He's been an easy money guy.
00:38:39.580 He said, of all the talk that's going on, and the producer price index being the worst in history at 10% today, we still have not raised rates.
00:38:47.700 They're still tapping and talking about that.
00:38:49.860 And we have not stopped quantitative easing.
00:38:51.680 The audience has got to understand, we're still juicing.
00:38:54.620 We're still putting liquidity in the system.
00:38:57.140 That's the only way I think they keep this carcass going. 0.98
00:38:59.340 And so this inflation is going to get worse, and it's going to eviscerate fixed-income people, working-class people, and the lower middle class are going to get eviscerated on this like they've never seen before.
00:39:12.760 And it's going to cause dramatic changes in the country.
00:39:15.660 I want to address that issue of Powell and the Fed raising rates.
00:39:22.440 Indeed, in terms of the balance sheet, we're talking about $9 trillion as we continue to roll on and buy securities and inject money into the system.
00:39:38.100 We've got to stop that.
00:39:39.740 I don't think we can afford to raise rates.
00:39:42.300 I know the banks want it.
00:39:43.640 They want higher margins.
00:39:44.860 I, right now, would say the hell with the banks.
00:39:47.020 They've had enough for a margin for a long time.
00:39:50.000 They've had the easiest money in American history for the past decade.
00:39:55.240 It's got to end.
00:39:56.540 And we've got to have a Fed that is both has integrity, which it hasn't.
00:40:01.280 To find out Federal Reserve members were trading stocks during the pandemic is enough to make me want to put every one of them who did in jail.
00:40:11.140 I think they should be in jail, along with the folks in the House and the Senate who did so.
00:40:17.180 It is time for this country to quit playing.
00:40:21.320 As my father used to say, never be cute.
00:40:24.620 Say what you mean.
00:40:25.800 Mean what you say.
00:40:26.740 And then you can handle the consequences.
00:40:29.740 We have all tried to avoid the consequences in this country by avoiding the issues.
00:40:36.840 We don't want to mention anything about abortion because that'll offend somebody.
00:40:42.040 We don't want to talk about having no discussions of sex in a classroom for eight-year-olds because it just isn't decent.
00:40:49.360 It isn't smart.
00:40:50.740 You can figure out the moral aspect of it if you want to.
00:40:53.900 But for me, it's a matter of decency and intelligence and what an eight-year-old is four years from the age of reason.
00:41:01.220 Why are we doing this and what's driving it?
00:41:03.400 I never in my life heard of a transsexual operation until about two or three years ago.
00:41:11.660 And suddenly, it's on the front pages of nearly every news outlet because it drives ratings.
00:41:16.160 For what reason?
00:41:16.780 I don't know.
00:41:18.100 We have a culture war that is a war for the soul of the country, and we try to avoid it.
00:41:24.100 The Republican Party?
00:41:25.920 My gosh.
00:41:27.400 Mitch McConnell?
00:41:28.500 He doesn't want to put out a contract with America. 0.98
00:41:31.680 He doesn't want to tell anybody what he's got to do because he thinks he can just suck on his thumb for eight months and win an election because Biden is so dreadful. 0.97
00:41:41.080 And by the way, he may be right, but it's a shameless way to go about leading a nation. 0.95
00:41:47.140 And that's what he's supposed to do as a majority leader.
00:41:50.480 Steve, as always, we give our guests the last word.
00:41:53.320 And as much as that hurts me, I continue the tradition, and I've never been more comfortable with it than turning it over to you.
00:42:04.020 Here's the last word.
00:42:05.060 We need this country and the American citizens need Lou Dobbs more than ever.
00:42:09.660 I'm so honored to be on this, and I'm so glad that you started this and your voice is back out there.
00:42:15.800 Because, look, you started, and you remember two guys, Ronald Reagan and Paul Volcker.
00:42:23.080 And of all the great characteristics they had as two real men of steel, one of the best they had was fortitude that showed that they could take political pain.
00:42:35.860 The first couple of years of Reagan's first term were absolutely brutal.
00:42:40.500 As he and Volcker rang inflation out, and they were able to take the pain.
00:42:45.360 Today, you know, with Trump not around, look at this crowd right here, from Paul Volcker to Roberts at the Supreme Court, to Volcker at the Fed, to these feckless leaders, the Republican leaders too.
00:42:56.780 And obviously, the Democrats are beyond saving.
00:43:00.740 But Biden, all these guys, nobody can take political pain.
00:43:03.240 They won't level with the American people. 0.89
00:43:05.120 They won't tell the American people what's going on.
00:43:06.940 And they do not have the intestinal fortitude to take the pain of the tough decisions.
00:43:11.980 The last word is very simple.
00:43:13.800 Every easy decision this country had is years in back of us.
00:43:18.220 The only thing we've got ahead of us is tough calls.
00:43:20.900 And those tough calls, people are going to suffer.
00:43:23.100 They just are.
00:43:24.060 Sort this thing out.
00:43:25.460 And so be prepared.
00:43:26.920 We're going to need to look for people who not just are authentic, not just can fight, but are also able to take a punch and take political pain.
00:43:35.500 And that's going to be one of the great qualities.
00:43:38.140 It got us out of here.
00:43:39.400 It got us out of the problems we were in in the early 80s, late 70s, early 80s.
00:43:46.120 People like Reagan and people like Paul Volcker got us out of here because of not just their wisdom, but their fortitude.
00:43:52.220 And God bless us.
00:43:53.140 You know, we're a providential country.
00:43:55.500 Hopefully those leaders are going to start appearing again.
00:43:57.360 I know we got one in Donald J. Trump, and that's why we can't get him back in the White House a moment too soon.
00:44:02.420 Hear, hear with the last word.
00:44:03.940 Steve Bannon, always enjoy talking with you.
00:44:06.360 Thanks so much, my friend.
00:44:07.620 Thank you, Lou.
00:44:08.760 Steve Bannon, be sure to check in with a great American on Steve Bannon's War Room.
00:44:14.300 We recommend the War Room to you highly.
00:44:17.260 And please join us here on The Great America Show tomorrow when President Trump's former chief of staff, Mark Meadows, will be with us.
00:44:24.440 Please join us.
00:44:25.540 We've got a republic to save.
00:44:27.100 We want to invite you to sign up for our Great America Show advisory and newsletter.
00:44:33.280 Simply go to loudobs.com, that's loudobs.com, and click on the email newsletter button.
00:44:40.740 It's as simple as that.
00:44:42.440 And we'll send you our advisories and alerts as well as our weekly newsletter.
00:44:46.720 I don't want to overstate anything, but I'm pretty sure you will absolutely sense at least a small positive change in your world outlook.
00:44:56.060 We invite you to join us and stay in touch.
00:44:59.640 Thank you.
00:45:00.480 That's loudobs.com.
00:45:02.760 Thanks.
00:45:03.480 God bless you, and God bless America.
00:45:05.980 Join us again tomorrow for the Great America Podcast.
00:45:09.140 Stay in the fight.
00:45:10.120 Truth, justice, and the American way will prevail against all enemies, against all odds.