April 4, 2025 • 48 mins
THE WAR ROOM WITH STEPHEN K. BANNON, APRIL 4TH, 2025
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Speaker 1 (00:00):
In a pirate. How's that street fighter and a pirates.
I'm in. That's bulling. I'm in. Have a great weekends.
Talk to Rob Sigmu will land that up. All right, brother,
thank you so much on a Friday. Appreciate you. Okay, folks,
historic day, big sell off, orderly, not no panic there,
although the MSNBC and CNBC trying their best to stir
(00:24):
up a panic. Here's were going to do. We got
kind of a cold open, longer col over because so
much going on. Let's play it in our return with
observations in analysis. As we open the ward.
Speaker 2 (00:35):
It's so important that you bring up the fact that
the Biden administration was late on figuring out just how
dangerous inflation would be to working Americans. And again he
said it was transitory. It ended up not being transitory.
But Steph, it's very interesting you you you bring up
the Treasury Secretary who again a couple of weeks ago,
said ah, cheap goods, affordable goods, not a god given
(00:59):
right for America and consumers, and then saying yesterday, well,
other countries shouldn't push back against these high tariffs.
Speaker 3 (01:07):
They're just going to do that.
Speaker 2 (01:09):
And we showed some clips of Scott Bessant.
Speaker 3 (01:11):
Lee looks very.
Speaker 2 (01:12):
Uncomfortable, and I suspect it's because neither he nor many
of the people who are advising the president, certainly not
those on Wall Street supporting him, actually agree with the
president on tariff. I mean, Donald Trump stands almost completely
alone in believing that he can reorder you know, forty
five years of globalism.
Speaker 3 (01:35):
Bingo Joe.
Speaker 4 (01:36):
My sources say that Scott Bessant is kind of the
odd man out here and in the inner circle that
Trump has, He's not even close to Scott Bessont or
listening to him. Some have said to me he's looking
for an exit door to try to get himself to
the Fed, because in the last few days he's really
hurting his own credibility and history in the markets. Those
who have said this man actually understands how the markets work,
(01:58):
and what's happening right now is on going.
Speaker 3 (02:00):
To hurt markets.
Speaker 4 (02:01):
And even for stop Besson to say a few weeks ago,
you know, getting cheap goods fast is not part of
the American dream. No, it's not part of the American dream,
but as part of the way Ericans live, especially people
who are economically vulnerable, they don't have the option to
say nope, I like hire things that cost war. They
need low cost things because they don't make.
Speaker 5 (02:21):
It that much money uns that Jerome pal and the
Federal Reserve now faced before what we talked about was inflation,
the high costs of everything homes, mortgages, cars, whatever caught
up in the COVID supply chain crunch that we had
a couple of years ago.
Speaker 3 (02:35):
Price is still too darn high.
Speaker 5 (02:37):
I will filter myself as it's the family Show, and
now all of a sudden, the Federal Reserve is finding
itself trying to fight this tariff, this trade war, which
I almost say came out of the blue, but certainly
is a lot worse than people expected. I'm not sure
anybody on Wall Street that we have talked to here
on CNBC expected the President to do exactly what he did.
Speaker 3 (02:57):
Most people said, wow, you know what's He's just hubris.
Speaker 5 (03:00):
He's going to say this, but ultimately we're not going
to get the worst. Well guess what we got the
worst and then some. Now to your point, jose China's responding, What.
Speaker 3 (03:10):
Did j Powell say today? The Fed share? Well number one,
he said.
Speaker 5 (03:13):
I'm not going to respond to what the President did,
because the Federal Reserve is not supposed to respond to
elected officials. But if you read between the lines that
I can assure you there is no love loss between
these two men, J.
Speaker 3 (03:26):
Powell and President Trump.
Speaker 5 (03:28):
President Trump wants lower interest rates, lower mortgages, and lower inflation.
Speaker 3 (03:33):
He has openly called for the Federal Reserve to cut rates.
Speaker 5 (03:35):
The Federal Reserve, though now is believing that if tariffs
are enacted as we know that they will be, prices
are likely to rise. That's inflation, and the Federal Reserve
does not cut rates in inflation. If anything, it might
keep rates steady or perhaps even raise them. So this
is a global conundrum that, as we're seeing from the
(03:56):
charts and the numbers today, Wall Street is caught in
the middle of and it's kind of a self first,
asked questions later theory.
Speaker 4 (04:03):
Good look at the markets. It has obviously been a
disastrous week. The response from big investors in small near
and far is not good. And it's no surprise that
this White House is under pressure, the President, his cabinet.
They are getting calls from CEOs from investors because across
the board we are hearing this is bad news. This morning,
I reported that I had heard from close to the
(04:25):
White House that there was so much pressure Scott Vessen,
the Treasury Secretary Secretary, was potentially not in the inner
circle and potentially looking to make a move to the FED.
I actually spoke to someone this afternoon, a high level
person inside the administration, who cleared that up, and they
said to me, and I want to get it right.
Secretary Vessent is more committed than ever to his role
(04:45):
as Treasury Secretary. He's meeting with the President several times
a day and communicating with the rest of the cabinet. Obviously,
this week's market reaction is painful, but this is about
an economic reset. So according to Bessent, he's not leaving.
But Katie, you've covered this has been a this time
and last. Palace intrigue is not new to a Trump administration,
(05:05):
and when there's pressure like this, you know the knives
are out for one another. The interesting thing in the
tariff situation, though, Katie, who is the President going to
blame but himself. President Trump is deeply committed to this
idea of tariffs. What we've heard from Secretary of Vesson
is less about the tariffs, but he had what he
has talked about over and over and the reason he
(05:25):
wanted to join this administration. His panic is about debt
and deficits. Now we're not seeing any of that cleared
up just yet. And the thing that has me thinking
so much, you were just talking to Yasmin about that
dress at Macy's. If you and I finished your program
and decided to take a walk in the garment district
of New York City, you know why.
Speaker 3 (05:43):
That would be a problem because.
Speaker 4 (05:45):
There isn't a garment district in New York City anymore.
It doesn't exist. You can walk into a shopping mall
this weekend and wonder are all of these stores still
going to be solvent. And while we've heard it less
from Vessent and more from Commerce Secretary Leutnik, who is
the negotiating on these tariffs, this idea that we're suddenly
going to bring all this manufacturing back where Adita is
(06:07):
spent fifteen years trying to build manufacturing in the United States.
We don't have it in a scalable way. I think
New Balance has a small sneaker making operation, but on
one of our other networks over the week, I heard
someone saying, you know, it's time for me to be
buying my two hundred dollars Nike sneakers that were made here. Well,
if they're going to be made here, it's going to
take two more years or three more years to build
that factory, and they're going to cost four hundred dollars.
(06:29):
So the panic that's in the market's Katie.
Speaker 3 (06:32):
I don't know that it's going away, but.
Speaker 4 (06:34):
It's understandable that you would start to see some sort
of panic or pressure inside the White House because look
what the markets are doing.
Speaker 6 (06:40):
Yeah, after Donald Trump's damage for the US economy comes
into fuller view of the markets today once again taking
a nose diive, the dial plunging twenty two hundred points
more than five percent. Even those good jobs numbers that
were released this morning could not shake the market's pessimism.
As trying to retaliate it against Donald Trump's tariff regime,
(07:01):
the Chinese government imposed a thirty four percent tax on
all goods imported from the United States, as Sir Donald
Trump is for now tripling down. Yesterday he said things
were quote going well today. He said on his site
truth Social that China had quote played it wrong and panicked.
He added that the unemployment figures are a sign that
(07:23):
his strategy is working, but those jobs numbers reflect the
month before Donald Trump's so called Liberation Day economic meltdown
was put into motion. It puts him at odds with
the chair of the Federal Reserved Jerown Powell, who said
today that the tariffs would raise prices for consumers and
will weaken the US economy. It put him at odds
(07:44):
with JP Morgan, who now predicts a sixty percent chance
of a global recession this year. Their report is titled quote,
there will be blood. The Bank says t Trump's tariffs
will cost consumers seven hundred billion dollars this year alone.
It's a tax hike on a scale that LBJ imposed
to pay for the Vietnam War. It also puts Trump
(08:07):
at odds with members of the Republican Party. NBC News
reports this quote after the GOP led Senate delivered a
rare rebuke to Donald Trump on Wednesday by voting to
undo his tariffs on Canada. Whilemakers in both chambers are
weighing additional steps to rein him in, senators are eyeing
other mechanisms to rescind Trump's existing tariffs while limiting his
(08:29):
ability to impose new ones.
Speaker 1 (08:32):
Now we're not going to have all factories come back,
like clothing manufacturing, that's tough to bring back.
Speaker 5 (08:37):
But what kind of manufacturing are you talking about returning here?
Speaker 7 (08:43):
Well, don't you can't just give that away. See what's
going to happen is robotics are going to replace the
cheap labor that we've seen all across the world. I mean,
think of what our factories did. They went to the
cheapest labor the whole world, slave labor, cheap labor, the
worst environmental conditions.
Speaker 3 (09:01):
Polluting the heck out of it.
Speaker 7 (09:02):
And then we bring back those cheap products here and
we feel good about ourselves because we don't see the pain.
Speaker 8 (09:08):
So I really view Liberation Day as he calls it,
to be a real turning point, not just for Americans themselves,
but for the way the rest of the world is
dealing with Donald Trump, not just as it relates to
his rhetoric, but his policy.
Speaker 1 (09:25):
This is the primal screen of a dying regime. Pray
for our enemies, because we're going to medieval.
Speaker 3 (09:33):
On these people.
Speaker 1 (09:35):
You're not going to a free shot. All these networks
lying about the people. The people have had a belly
full of it. I know you don't like hearing that.
I know you've tried to do everything in the world
to stop there, but you're not going to stop it.
It's going to happen.
Speaker 5 (09:47):
And where do people like that go to share the
big line?
Speaker 3 (09:50):
Mega media?
Speaker 5 (09:52):
I wish in my soul, I wish that any.
Speaker 1 (09:55):
Of these people had a conscience. Ask yourself, what is
my task and what is my purpose? If that answer
is to save my country, this country will be saved.
Here's your host, Stephen k back a big day in
world markets. Of course they are royaling with the announcement
(10:20):
of Liberation Day. I think that we're gonna end doubt
on here to walk through what's actually going on because
the MSNBC, CNBC, all of them, they're out to do
one thing. They are trying to crash markets to bring
Donald Trump down. This has nothing to do with the
American people, nothing to do with you know, all of
a sudden, Katie Turr and these people, they're so interested
(10:42):
and so fascinating and so concerned about capitalism and people's
four one case it is. It is a complete and
total joke. However, you know about a situational is president
Trump's policy is absolutely correct. What he's doing is a
geoeconomic reset of the global trading system. Pretty big, right
(11:06):
he started through. You see how he's rolled out on
the reciprocity, on the term of reciprocity. And you've already
had some major nations like, for instance, Vietnam, where so
many of the jobs during the pandemic from China. As
they started, people started to reshore. It wasn't reshore to
the United States. Immediately they went to other low cost,
(11:29):
low labor countries. Vietnam is President Trump put up on
true social has already reached out to President Trump and said, hey,
no Mas, we're in. Just tell us what we got
to do. Right, we see word forty seven percent. At
least you got his down to forty seven percent. Maybe
we'll fight you on the margins, but we're in. Just
tell us what we got to do. We don't want
(11:50):
to get into a trade war with the biggest market
and the most powerful nation on Earth. The messaging here,
when you have a messaging apparatus, is gonna sit there
and tell lie after lie after lie after lie, do
no analysis and repeat the lie. You have to combat that.
You have to go on offense. First, this is not
(12:12):
about cabinet secretaries or people at the White House coming
on shows, which I think they do. They do a
fine job. Scott Besson's Secretary of Treasury, Howard Lutnick, Secretary
of Commerce Peter Navarro, the Trade and Manufacturing czar, also
has it. They're out, They're gonna do the Sunday shows
this weekend. They do a good job when they're on.
(12:32):
I think. I think in Stephanie Rule and we love
your show. We watch it every night to deconstruct it
because that's the show kind of all Wall Street and
the corporate people watch late at night before they hit
the rack to see what's going on. It's kind of
news for the business community. I believe you're wrong, Scott Besson.
(12:56):
His style is different. He's not Howard Lutnik, he's not
Donald Trump, he's not Peter Navarre, he's not Steve Bannon.
He's got a different professorial take on things. That's why
he's a safe payer hands. That's why he's a contributor
here for years. That's why we fought so hard to
having as Secretary Treasury. He's a safe pair of hands.
(13:19):
He's in and he's on the inner circle, not the
Intercircleit talks to the president multiple times a day, but he's
not going to go out with his hair and fire
running around. It's very it's discernment, it's reserve. It's what
the capital markets want to hear because he's not making
it up and kind of winging it about trading tariffs.
My issue is you got to have, as I said
(13:39):
on Eric Bowensher, at the end, you have to have
one hundred surrogates. The people in the White has Cambra secretaries.
They have a job, they got stuff to do. Yes,
they have to be a messing and they should. But
you have to have fifty economists, fifty businessmen, including the
most major ones, that buy into the program and understand it.
The union readers boom, they ought to be all over.
(14:02):
At riv we already say no, no, no, we can't take anymore.
At Newsmax, we can't take anymore. At Fox, you can't
take anymore. The other side has that we've got a
weekend to kind of do this. Trump ain't backing off
this thing. So White House staff, I love you guys,
doing a great job so far, but now we've got
(14:23):
to go fixed banets. We've got to push this over
the top. We got to push it over the top.
President Trump is not going to back off this, and
he doesn't need to back office. The nations of the
Earth are surrendering, are figuring out how to surrender. I've
talked to people for forty eight hours straight. They're trying
to figure out how they can work around this, how
(14:45):
they can do this, how can they get Trump to
some amenable point. I'm not saying President Trump's going to
do it, but Trump ain't blinking. They're blinking. Short commercial
break and return in a moment. Got eded out.
Speaker 3 (15:00):
Who's your host, Stephen K.
Speaker 1 (15:01):
Bath. Okay, remember during the pandemic, Remember the pandemic, and
the pandemic just happened to come at in early twenty twenty.
Let me back up. Let's go back to the beginning,
not the total beginning, of the story about pick a
random chapter. One of the most important months of not
(15:25):
the most important month in the geopolitical history of the
Earth in the twenty first century, was May of twenty nineteen.
In May of twenty nineteen, almost two years in his administration,
are just over this construct this deal we had worked
(15:46):
on from beginning, led by Bob Leithheiser heretofore referred to
as the Lightheiser Deal that Peter Navarre and Lithheiser were
working on every day after we'd had a little how
do you say that? Gary Cone in the globalist crowd
took their shot in April May June of twenty seventeen
(16:07):
and failed miserably. President Trump reverted back to exactly what
he wanted. He knows exactly what he wants, the world Trade.
Lightthheiser and Navarro, working with Lee Hu, came up with
It's called the Lightheiser Deal. It was seven verticals to
take away the seven original sins, as doctor Navar calls it,
of the Chinese, the Chinese companies party economy, and to
(16:30):
actually folded into kind of merge it into the economy
of the West led by the United States of America
and Western Europe. It would take away the problem of
excess capacity and state owned industries and how they gained
the entire as system, all of it. They also had
(16:50):
that month the first Belton Road Big Conference, and they
had putin com I think was I think it was
actually the Beijing or Shanghai, And at that time, why
she shan and she looked and said, hey, this one belt,
one road thing may work. This predatory capitals. We're letting
all the all the nations on the Eurasian land mass
(17:11):
and the Central Asian sub Saharan Africa and the Middle East, Pakistan,
they're all taking the money. They're all getting these infrastructure
programs up. We all know they're not going to be
a payback the money totally at first. So we're going
to restructure the dead take ownership of the of the
infrastructure projects, control of the countries, and then we have
the networking effect that we've been looking for, and the
(17:31):
United States and Europe will fall shortly thereafter with Russia
as our partner. They canceled the Why she shan said,
why should we bow to the foreign devils now? They canceled.
They actually called them and said, we're not doing this deal.
When it was the draft was prepared, they were prepared
to work do and sign a draft, and they get
ready to have a signing ceremony event with President Trump,
and she canceled, not doing that deal. We'll get back
(17:55):
to you that they're not instant. Typical Chinese circumstances changed.
That's when they retrade. You. Circumstances change. Okay, thank you.
I got that. That's what contracts was to go through circumstances.
But I got it. You guys rolled differently. I got it.
They also declared, as Frank Gaftey tells you all the time,
the Committee on the Present Danger tells you all the time,
they declared the People's war against the United States. She
(18:16):
did said let's go, let's throw down. In fact, we
don't want to get together. We kind of we don't
mind decoupling. We want to roll because we see what
they're trying to do. Shortly thereafter, I don't know, in
the summer or the fall, I think the late summer,
the military games, right, the COVID nineteen started to spread.
(18:38):
They knew what they were doing. They're going to take
down in the United States Trump and of course the
economy of Trump in twenty nineteen, on a roll. In
the fall of twenty nineteen, on a roll, virtually no inflation, virtue,
super low interest rates, a three and a half percent growth,
We're taking a trillion dollars of liquidity off the balance
sheet of the Federal Reserve. Janet Yellen was a Federal
(18:58):
Reserve chair. I actually thought she was doing okay, quantitative tightening.
Trump grew the economy of that with that headwind. Plus
you had first time wages, as Cortes tells you all
times got the charts on the whiteboard. Blue collar wages
higher than white collar, rages on growth, non college graduates
higher than college graduates, first time in a long time,
(19:20):
record low unemployment. Hispanics, African Americans, baby were cooking with gas.
Let's roll. Then the pandemic and now we're in this situation.
President Trump was going to do it then, now he's
going to do it now. He has thought about this
to the core of his being. This is why he's
(19:41):
in public office. This is why he started thinking about
back in the late eighties and the early nineties particularly,
remember when they're buying the air rights over Tiffany the Japanese.
Remember the Japanese in the late eighties and early nineties
where had an acid bubble. But man, they were on
a roll a concress and Lou Dobbs, who was kind
(20:04):
of his mentor on TV because watching CNN and Lou
Dobbs was hammering this every night. Nobody talked about it.
The beginning of the trade deficit. Then Lou Dobbs was
hammering that in the eighties and nineties. Remember the trade
devisits twenty five trillion dollars eighteen trade and since Chinese,
since the globalist in New York City, and of course
the Bush apparatus and the Clinton eperd the political class
(20:26):
and Wall Street invited the Chinese companies party in so
we can make slave labor allaw Bijing and everybody make
more money except for the working class in the middle
class United States, who are going to have it all
on their shoulders. And oh, by the way, can you
also Moloch wants your children for forever wars in the
Middle East. Let's start there. That's the system. Trump is
(20:52):
breaking the system. Whether it's the legal apparatus that runs
the imperial capital, was the universities that radicalize these kids,
whether it's the institutions and groups that allowed for a
ten million person invasion on the southern border into our
beloved country in four years, or allowed Fetnah to come
(21:14):
in and destroy working class people of every ethnicity and race,
both in rural communities and in our inner cities. Oh
and designate sanctuary cities at the same time. The corruption,
the incompetence, the hatred of the United States of America
and the citizens of the United States of America by
(21:35):
our elites is virtually unfathomable. If the revolution or generation
came back here, it's not just the structure and the results.
A good, good God in Heaven, what have you done
to allow these people to have control of this, our
beloved republic that we put everything on the line for. Yeah,
(21:56):
how does it make you think? Was Trenton with It
was forged Worth, It was Morristown worth. It was Sarahtoga Worth,
it was Bunker Hill worth, it was all of it worth.
It was that worth. It is that what you were
doing for this? And forget the freak show and the culture.
I'm just talking about the power and the money. They
(22:19):
have outright contempt and hatred for this country. It's sovereignty,
this republic and it's citizens. And they're gonna sit up
here now in wine all day long. This is so terrible.
People are gonna have to pay more for the dress
we can get in Macy's. People are gonna have to
They're gonna pay more for this. They don't give a
damn about that. They never given a damn about that.
Were they talking about that when Biden juices, as we
(22:43):
said on this show at the moment, they did it
in twenty one, and they did that whole nother cash infusion.
We said it's gonna skyrocket inflation, ourselves and Larry Summer
and nobody else, and particularly not the Trader's Republican that
signed up for it to get it passed. And now
(23:03):
those same Republicans, the same people that signed on to
that blood oath with Biden, that crowd for this spending
that crushed everything and sent inflation up. Did you see
the Repartment of talking about no but all they're running
to the mic. Now, my lord, this is terrible. We
must stop. But Trump must be stopped. He must be that.
He's not going to be stopped. He's not going to
(23:27):
be stopped in the White House staff and you guys
are doing a great job. You got to get I
need one hundred economists. I need a hundred businessmen. I
need one hundred entrepreneurs. I need a hundred union people.
I need one hundred folks from Main Street, and I
need them in microphones. I need them on shows starting Monday.
My producers should be coming to me every second. Said,
these people are so obnoxious, they want everything they want
every second of the show. It's crickets. Trump's got a job.
(23:52):
He's president of these United States, the commander in chief
are armed forces, and the chief magistrate and chief law
enforcement officer of our nation. He's fully engaged. I got
a Secretary Treasury, he's great. I got a Secretary of Commerce.
He's getting better. I got They got jobs too. I
(24:12):
don't need them on TV constantly. You give you know besting.
Come out and do something with Calinc's fine. I don't
even He's not a TV host. Where are the economists?
Where are the businessmen? Where are the entrepreneurs? And God
in heaven, where are the working class?
Speaker 3 (24:33):
Hell?
Speaker 1 (24:33):
Guys were coming up in the Rose Garden and high
five and Trump and taking the microphones. President Trump. I'm
from McCombe County, the home o Reagan Democrats, and I
love this. Where's that gang? They're called surrogates, folks. If
(24:55):
you think the biggest change in the global economy, it's
World War two against people that control that and have
made so much money. Let me just repeat, I think
it's since October one, the beginning of the fiscal year,
four point four trillion dollars of wealth has accreed it
(25:17):
to the top one or two percent of point zero percent.
Let's say this the top guys greater than the bottom
fifty percent. A note to self. Trump's whole purpose is
to change that. It's not to take He's not the
French Revolution, He's not a Bolshevik. It's Donald Trump. You
don't have a bigger capitalist, a bigger entrenos Trump. All
(25:40):
he's trying to say is, Hey, I'm tired of these
elites ripping off American people. And American people want a
piece of the action. They deserve a piece of the action,
and they're gonna get a piece of the action. So
why don't we help him out. You gonna help him out.
Let's go rip some faces off. You're telling me, Katie
(26:03):
terror and it's the crowd at MSNBC and seeing a
Steve leasman, this is what's gonna do it, and this
is gonna create this kind of firestorm, and they're sitting there,
Oh my god, it's terrible. It's terrible, terrible, And then
have a million people call Trump over the weekend. You
got it. Back off, You got to back off. This
is terrible because they're all they all grabbed all these donors.
They're all pearl clutchers. They're all gutless, and they panic
(26:24):
at the first sign of a fight. We gotta fight.
You think they're gonna give this, so you think you're
gonna toss the keys Trump? Why not think of that?
Why didn't I think of the reciprocal terrorists? Why was
that our idea? That's so great? Here's the keys? You
just take it for a while. Have we lost our
fricking minds? This is a war, and if you don't
treat it like a war, you're gonna get your ass
(26:47):
kicked ed down. Will join us? I think for Mali
or for White next time? Who's your host? Stephen k Back.
You know, sometimes, like in deals or what you know,
(27:08):
events are messing. Some things are gonna be bought. Other
things you gotta sell. You have to sell this because
it's such a massive reorganization and it's not complicated to
this audience, because we've walked you through this for the
last five years. You know it. In fact, hell, why
don't we just get the warm posseb surrogans. Honestly, you
(27:29):
guys could sell it better, and it's being sold right now.
It's got to be sold because you see the counter
the people that controlled the system that made all the money,
and also the theory of the cases. We're just gonna
wait Trump out. We're gonna wait Trump out. We see
in Wisconsin, Trump not at the top of it. We
saw the eighteen midterm. We saw the twenty two midterm.
(27:51):
Didn't turn out quite They won great effort, but didn't
quite win as big as they wanted. We saw the
eighteen midterm. They got smoked. We saw Wisconsin. These Trump people,
they love it when Trump's on the battle, when they
pick a ballot and his name is at the top,
they're good. No, Trump not so good. They think they
(28:12):
can wait us out. This is a ten or twenty
year struggle. Why do you think I'm the biggest advocate
of Trump twenty eight Trust me, folks, I don't waste
my time chasing rabbits. Okay, this is a war for
this country, for the direction of this country. We're either
(28:34):
a constitutional republic built upon entrepreneurial capitalism, or we're going
to be what you had in those four years. And
you saw it, baby, the economics of it. You saw
what they thought about our sovereignty. They thought about what
you thought about as you as citizens, what they thought
about our true allies and where they want to put
their money and how they want to sneak it around.
The New York Post got a story today about Hunter
(28:57):
Biden and grime happening on the Obama administration, all that
these people are perverts, the degenerates, they're crooks, they're incompetent,
and they're just overall not good folks, full stop, and
they want to create all the money and power to
themselves and give you a fare thee. Well, this is
(29:17):
about the forgotten man and woman who are forgotten no longer.
And guess what, in the last couple of years, you've
raised your head up and you've roared, and you put
him on your shoulders and delivered the biggest comeback victory
in the history of the nation, bigger than the one
in sixteen, against all odds on a man they wanted
(29:38):
to put in prison, a man they wanted to bankrupt,
a man. They brought up all these charges, women, all
this stuff, everything, all this stuff, all of it, all
of it, every day, and he had the moral courage
and say, hey, I know it's going to happen, but
I'm all in. That's why he may be the greatest
leader of this country ever had. And I understand he's
got a couple of three imperfections to Lincoln, and so
(30:01):
did Washington. Go read the histories of them, the memoirs,
go in detail and see that they had plenty of shortcomings,
and they were disruptors, and guess what, they were hated
by a lot of people. Also. That kind of gets
washed out in history, just like this will be washed
out when we win. And we're a long way from winning.
(30:21):
I don't hear more about the inauguration. I don't hear
more about tech bros. I don't hear about this and
that and all these sunshine patriots and summer heroes. I'm
talking about now, and I'm talking about a gut check
this weekend, because baby, it's coming all weekend. Trump's destroyed
the economy, Trump's destroyed this He's crushed our allies, he's
(30:42):
done everything. He's the most destructive individual ever and now
we're getting autocratic breakthrough. He's destroying the courts. He's sent
these poor innocent, these poor little boys, these poor innocent kids.
They're so good, their mommy's gone TV. The big tears
they put. They're down in this prison in thing because
(31:03):
they're good kids. And somehow they just got a rock
and roll tattoo. And you know, people got them for
all the wrong reasons. We got to bring them all
back and tuck them in. Because Trump's evil, He's incompetent,
He's a bad person, folks. I told you when the
inauguration's going, they're all running around and they got the
crypto thing here, and they got that here, and they're
(31:24):
doing this here, and they're running around. I said, give
it one hundred days. Well I think we're before seventy
because Trump is going to get down to it. He
didn't put he didn't risk seven hundred years of three
hundred fifty years in prison, he didn't risk bankruptcy, he
didn't risk having his family destroyed, his honor destroyed, all
(31:46):
of it to come and do small things. Good lord,
he's done more big things in sixty five days than
all the presidents combined of the twentieth century. And I'm
gonna throw FDR in there and Reagan if you think
think about it structurally, for the little guy, they'renning. Oh
my god, he said, raking an FDR. I can't be
(32:09):
greater than that. Yeah, he is yep, he is. And
you're already starting to see fissures. They're already coming out
of the Senate's already passed something. He got, cruise gets,
he got them all. Oh my god, terrorists are terrible.
It's gonna be a off what it's gonna be terrible.
They're breaking ranks. I don't see anybody banging heads from
the war from the White House. He's a busy guy.
(32:29):
President Trump's got a couple of three things on his plate.
Where are the head bangers? Go bang some heads?
Speaker 3 (32:35):
What?
Speaker 1 (32:35):
I don't want to see him as up on the
Capitol steps with the sign that says reciprocity, sir, because
behind the scenes they're the ones leaking to the press
and yearman, this is terrible. I don't know what's gonna happen. Yeah,
I don't know what's gonna happen. This is the same
crowd that won't go down and have a town hall
because they're afraid of democrats gonna say something bad to him.
(32:57):
A Democrat's gonna say something bad. So you know if
these demo is, these democrats are gonna get some things.
They tell them, Democrats, go screw yourself. You guys had
four years. You drove this country into the ground. This
country is so great you how come working class people
are not voting for your vote or voting for us.
I don't want to see the paid guys they show up there.
It ask them getting their grill, shut up. And if
(33:18):
they don't shut up, how you get a question? If
you don't ask a decent question, throw them out of there,
Take them and throw them out. You guys start playing
the same tactics. The reason the country's in the shape
it's in for too long. The Republicans just went along
with this little bow ties and you know, gonna have
a you know, gonna have a thing a punch. This
(33:39):
is not a cotillion. This is not when we're in
thin ties and you know reading uh Witaker Chambers Witness.
That's all great, but that's not what this is about.
This's a fight for the direction of your country. This
is like the guys in the Patriots in the in
the Revolutionary War, This like the Civil War, This is
like World War two. This is a political Donnybrook, a
(34:02):
fight and they're fighting and we're sitting around feeling good.
You better not be feeling good now because President Trump's
put it all on the line, and they're coming for him.
They're coming for him because they think they saw Wisconsin.
They take him out the whole thing Creators. They got
(34:23):
a guy running around the cheese head on the whole
thing Creators. They trust me. These people are plenty tough,
and they're plenty smart, and they're conniving. They got the institutions,
they got the money, they got the power. They're taking
it from overseas. The last thing they want is the
American people to have the sovereignty of their nation back.
(34:43):
They think we can just wait Trump out. We'll wait
this out. He's at least got another twelve he's got
twelve years of eleven and a half years minimum. Yeah,
we got a couple of cards of our sleeve. Not
wasting our time on that one. They think we don't
(35:04):
need their need to worry about that. Don't peach him
in the midterms. Because of this, Ed Dowd, we never
really made the case. I mean we would make it here,
but they lay out the case of what President Trump
inherited and what he's trying to reorient.
Speaker 9 (35:19):
Walk us through it, sir, Well, you mentioned in this
monologue that MSNBC and CNBC are talking about Trump's wrecked
the economy, the middle class economy, the real economy was
already wrecked going into the election. Trump won because of
that economy. Real wage growth was minus two percent. And
I've said before and I'll say it again, Ronald Reagan
(35:40):
had a similar setup, one in a landslide. He had
a double dip reception recession while he restructed the economy.
Bill Clinton same set up minus two percent real wage
growth versus Bush, and he won.
Speaker 3 (35:55):
And Trump won.
Speaker 9 (35:55):
Because economy was already wrecked. The stock market, which is
now I guess making headlines, was already in the process
of topping since December. And what people need to understand
is that the last two years of the buy administration
was a fraudulent economy. You know, in every FED cycle
of easing and then tightening, the fraud comes out. Well,
(36:17):
we corporate fraud in the nineties, we had bank of
fraud that almost took the system down in the seven
o eight period. Then we had a fourteen year easy
money period and then an interest rate hike. And usually
once the punch bowls taken away and it has been
taken away, interest rates are too tight they need to
come down. And there was fraud that propped up the
last leg of this and this fraud was the elephant.
Speaker 1 (36:38):
In the room.
Speaker 9 (36:38):
A legal immigration ten to fifteen million people brought in
in a four year span, majority of which in the
last two years. That was a tremendous amount of money.
It's easy to assume the all in economic costs for
a new legal alien, which was a purposeful policy of
the buid administration outsourced to NGOs, the all in economic
costs that got it worked its way into the using
(37:01):
our balance sheet and deficits, was about fifty one hundred
thousand per legal That includes getting them from Central America
to the Darien Gap, to the border into the interior
of the US, setting them up with accommodations, and then
giving them food and shelter for the period that they're there.
That's a that's a very easy estimate, and that's about
one and if you say fifteen million illegals, good and
(37:23):
that's one and a half trillion that was spent to
prop up this economy through the NGO system. And it
was fake, false, and that's why we had fraudulent nonfarm
payroll numbers. We suspect only about two million of the
illegals actually got jobs. The rest of the freebies. Doge
is exposed so much fraud getting Social Security numbers, free benefits.
(37:43):
I think the administration needs to really talk about the
fraud that they've uncovered and how it propped up the economy,
and the economy quite frankly started the week in the
moment Trump got a life.
Speaker 1 (37:53):
Because sixteen it's just sixteen trillion dollars in the pandemic.
Go on sixteen trellion dollars to say you get to
the thirty seven started twenty one tree and sixteen treeion dollars.
The reason the thing was propped up is federal spending
in the in and the Congress went along with it,
and Biden went along with I mean, we stopped and
turfed out McCarthy, and that's got to stop. Inflation is
(38:16):
not going to stop till you stop that. We have.
Okay for the people on CNBC in MSNBC, particularly Katie
tour take your number two princis, Like Katie, Katie, I
can tell right away that you were a math with
tears person just saying maybe not. I think you said
the other day she took calculus. That's okay, that's good.
We have twenty five tree dollars trade deficit cumulative aggregate
(38:36):
and thirty seven tree dollars a debt. That's the face ofment.
I got another one hundred treeion dollars of you know,
live contingent liabilities of her. Call them we're in hawk.
The twenty part of the thirty seven trade is that
people not making of mine. They're they're buying the cheap
goods center from China because they don't have the jobs
here anymore. That's how you get to the deficit. The
(38:59):
trade deficits are real thing, eighteen tree in dollars since
China's come into the World Trade Organization and got most
Favored Nation status by Clinton and Bob Rubin and that
whole crowd that the neoliberal neo cons of the Bush Clinton.
They're all the same folks, and that's the gospel they're
preaching here every day. And we're not countering it with
(39:19):
economic nationalism up in your face, brute force. Sorry you
don't like it. This is what we're doing. The American
people are going to get a great deal. What does
pacobics say it's a great deal. It's not a good deal.
It's not an okay deal. It's not a kind of
a it's a great deal. And that's why. Why do
you think they're on MSNBC and seeing the New York Times,
(39:41):
Wall Street Journal, Financial Times. Jenny and Tet's up there.
She's one of the smartest women in the world of
capal markets. She's very upset. She's very upset. Hell, it's
the Financial Times of London, the Wall Street Journal, the
New York Times. That these people have anything in common
or ever have the back of working men and women
(40:01):
in the United States of America. Ever, No, they do not.
Why do they hate Trump so much? They hate him
because they think he's a trader to his class. He's
abating there, for God's sake, he's exposed to con, the
long con. And that's what this has been. And then
Dew just walked into a couple of three numbers that
(40:23):
they never wanted to talk about. Were they running around
with inflation, inflation, inflation and talking about how bad inflation
they were trying to cover it up. It's really not
that bad. It's only two percent. Not talking about the
cumult not talking about the decline and the purchase power
of the dollar. Of why the bricks nations were upset
because they run a circus program. Hell, they got hundreds
of economists and hundreds of business guys are all coming
(40:45):
out because they're part of a corrupt system and they
want to take their hands off the levers of power.
What could be simpler? Shortbreak, use your hosts kack birch
gold dot com, take your phone out, text Bannon b
(41:07):
A N N O N at nine eight nine eight
nine eight. Get the ultimate guide to investing in gold
and precious metals in the era of Trump, now more
than ever. Also go to birch Gold dot com. Go
to the website birch Gold dot com. Slash Bannon into
the dollar empire. Get the six free and so I
mean get them all. You get the six free one uh.
(41:29):
Modern monetary theory, the idea that broke the world. Don't
think one of the world's biggest margin call stand by
over at Substack. I'll put this up later. Ton Vy
Ratna very perceptive. Trump's new tariffs aren't a trade tweak,
They're a first move and a full spectrum reset. Nine
point two train of debt matures in twenty twenty five,
(41:50):
Infaci Lingers Alliance are shifting. She breaks and does a
whole analysis that's the way to think about it. Think
about this smartly, the pieces of it. Remember on the
pandemic they want to do, Remember the world economic form
of like kloss Schwab retired the other day. They want
to do what the build back better? A bunch of
pencil necks with power points doing ted talks. Donald Trump's
(42:15):
changed in the world with action. He steps and you
see that speech in the Rose Guard the other day.
That's a man stepping into it and say here's the
way it's going to be. And let's give him a
little backup. How about that. Everybody ought to be to
the ramparts on this and he's not going to back
off this. You got a one shot to do this, folks.
(42:37):
You blink now. I don't want to hear any whining
and bitching and moaning about, oh this is so terrible.
They sent all the jobs at China. Hell, he just
got a fifty four percent if you add the twenty
to the thirty four, he got fifty four percent tariff.
Chinese Communist Party, they ain't sleeping a night. They're figuring
out how we did We got to do something with Trump.
(42:58):
He just went to economic war of the CCP said Hey,
suck on this. How about this deal with this? I
respect you. She deal with the fifty four percent tariff,
of which twenty percent is starting immediately. This is not
a ted talk. It's not a bunch of foils. It's
not some presentation. Not a deck to go to a
(43:18):
world economic foreign Davis. Let's have a deck. There's all
those guys, they all weigh ninety eight pounds or one
hundred and two pounds, right, get the thin suits and
the you know, all the different colors that's sitting there,
giving you a deck. How about a deck? How about
a presentation you're doing on a presentation. Trump's changing the world,
a world that you built that's screwing working class people
throughout the world, are particularly in the United States of America.
(43:44):
And he doesn't care if you like it or you
don't like it. So get on board or if you
want listen. This is going to be remembered, folks. This
is going to be Remember every climbed on. They all
climb on. When Trump's winning, they all climb on November fifth,
remember on the evening of in Trump Great, my phone's
blown up. Been an amazing people I hunted from in
the years isn't it fantastic that he Oh, by the way,
(44:07):
he had a prison Steve. It's a great Trump won.
They all had the road to Damascus. All the people
hated him for so many years abandoned. They're all back.
After ten o'clock, after Pennsylvania and Wisconsin and Michigan, after
all fell, they all yet tech bros. Facebook went in,
started working out more. He getting broke out, getting Dana
(44:30):
White on his board. He's gonna be He's gonna be
a brother, gonna be a kung Fu fighter. All of
them coming back. This is great. Let's have anaugur Let's party.
Where are they? I kind of I think I've missed
those voices the last couple of days. Have I seen
them up there about this? Maybe I missed it. Maybe
my staff just didn't pull all those endorsements, ringing endorsements.
(44:53):
Where all those Republican politicians all down there begging him,
kissing his ass to get an endorsement. So nobody running
against him. Tell me the greatest thing in the world
up on Capitol Hill. Hell, they're getting the knives ready.
Trump better not come up. Here'll be the IDEs of April.
Do you think any of have their back. They don't
(45:14):
have his back. How many have come forward, went full
throat and said, absolutely, this is one hundred percent right.
We're sticking with this. Trump's redoing this for the American people,
forgotten man and woman. They're all kind of faux populous.
There's much cosplay as Bernie Sanders. Where's Bernie in this? Oh?
Bernie put out a sharply worded press release. Yes, you
(45:37):
need terrorists, but this is not the way. There's the
mumbo jumbo Bernie, Bernie, you're irrelevant, Go go play in
the corner. You had two shots of Hillary Clinton. He
had two shots at the neoliberal neo Khon mafia, and
you blinked both times. You know why, you're gutless old man,
always drawing big crowds, drawing brick crowd Hey, hapless fools
that go to Bernie Sanders are going to remain hapless fools.
(46:00):
Not sorry. Oh but he's got his opening acts at AOC.
She's a fire breather, she's on top of her, she's
got it, she understands it. There's two beauties. This is
political warfare. You got one shot at this. Everybody for
decade after decade after decade after decade, it said, the
(46:23):
job's all shipped, and the jobs left and the drugs
came in. They gut it. The Midwest, they got it,
the Upper Middlewest, they got it. New England, they gut
it the South. And you see those people, you know,
Stephanie rolling that crowd on them. They're all, yeah, it's
just too bad, you know. And they're making a pitch.
They're not including the service economy. They're not including the
(46:44):
service economy. There's no sustainable competitive advantage in the service economy. Oh,
except if you come up with an algorithm. I got it,
the algorithmic age. I got it with the only reason
that you got Come on, you granted these guys monopoly status.
Let Leana con on them for a month and see
(47:05):
how what big shots they are. Let Gail Slater take
a shot at it. Oh, it's a service economy all day.
It's a service economy. They're not counting services and services
so competitive. No, No, that's just not true. It's what
you make, how you make it, how you produce it,
how you grow it. That's it. I don't want to
(47:29):
hear any whinnying. If we don't win this moment. We're
gonna win this moment. Okay, and remember I'm taking names.
I got my black book out. I'm irish, I'm taking them,
breaking that down with my number two princip who's with
us and who's the guinness? And I don't want to
after this, no more shot coming back on the boat.
We're gonna shoot the people.
Speaker 3 (47:50):
Behave you.
Speaker 1 (47:50):
If you jumped through the boat, you're gonna swim back.
You try to get out of the way. No, no, no, no, no, no,
shoot them. That's a metaphor. Why do I care. We're
banned everywhere for good reason, and I'm damn glad of it.
It's so detestable what I've seen the last couple of days.
The cowardness, the lies, when the American people their livelihood,
(48:15):
their pursuit of happiness, which I happen to read somewhere,
their pursuit of happiness, and their children and their grandchildren.
We're on the line, the misrepresentations, the lies, baldface lies,
because those in charge of the money and the power
are not prepared to pat you on the head and
(48:36):
say what a brilliant idea. Yes, Jack Vsovic, you're correct, Yes,
Charlie Kirk, you're correct. It's a great deal. Why didn't
we think of that? Why didn't we think of that?
It is a great deal. Thanks for explaining that to us. Fellas,
let's as well get on board now, that's not the
way this is going to roll, Folks, short break, ed
(48:57):
Doubt and others
In a pirate. How's that street fighter and a pirates.
I'm in. That's bulling. I'm in. Have a great weekends.
Talk to Rob Sigmu will land that up. All right, brother,
thank you so much on a Friday. Appreciate you. Okay, folks,
historic day, big sell off, orderly, not no panic there,
although the MSNBC and CNBC trying their best to stir
(00:24):
up a panic. Here's were going to do. We got
kind of a cold open, longer col over because so
much going on. Let's play it in our return with
observations in analysis. As we open the ward.
Speaker 2 (00:35):
It's so important that you bring up the fact that
the Biden administration was late on figuring out just how
dangerous inflation would be to working Americans. And again he
said it was transitory. It ended up not being transitory.
But Steph, it's very interesting you you you bring up
the Treasury Secretary who again a couple of weeks ago,
said ah, cheap goods, affordable goods, not a god given
(00:59):
right for America and consumers, and then saying yesterday, well,
other countries shouldn't push back against these high tariffs.
Speaker 3 (01:07):
They're just going to do that.
Speaker 2 (01:09):
And we showed some clips of Scott Bessant.
Speaker 3 (01:11):
Lee looks very.
Speaker 2 (01:12):
Uncomfortable, and I suspect it's because neither he nor many
of the people who are advising the president, certainly not
those on Wall Street supporting him, actually agree with the
president on tariff. I mean, Donald Trump stands almost completely
alone in believing that he can reorder you know, forty
five years of globalism.
Speaker 3 (01:35):
Bingo Joe.
Speaker 4 (01:36):
My sources say that Scott Bessant is kind of the
odd man out here and in the inner circle that
Trump has, He's not even close to Scott Bessont or
listening to him. Some have said to me he's looking
for an exit door to try to get himself to
the Fed, because in the last few days he's really
hurting his own credibility and history in the markets. Those
who have said this man actually understands how the markets work,
(01:58):
and what's happening right now is on going.
Speaker 3 (02:00):
To hurt markets.
Speaker 4 (02:01):
And even for stop Besson to say a few weeks ago,
you know, getting cheap goods fast is not part of
the American dream. No, it's not part of the American dream,
but as part of the way Ericans live, especially people
who are economically vulnerable, they don't have the option to
say nope, I like hire things that cost war. They
need low cost things because they don't make.
Speaker 5 (02:21):
It that much money uns that Jerome pal and the
Federal Reserve now faced before what we talked about was inflation,
the high costs of everything homes, mortgages, cars, whatever caught
up in the COVID supply chain crunch that we had
a couple of years ago.
Speaker 3 (02:35):
Price is still too darn high.
Speaker 5 (02:37):
I will filter myself as it's the family Show, and
now all of a sudden, the Federal Reserve is finding
itself trying to fight this tariff, this trade war, which
I almost say came out of the blue, but certainly
is a lot worse than people expected. I'm not sure
anybody on Wall Street that we have talked to here
on CNBC expected the President to do exactly what he did.
Speaker 3 (02:57):
Most people said, wow, you know what's He's just hubris.
Speaker 5 (03:00):
He's going to say this, but ultimately we're not going
to get the worst. Well guess what we got the
worst and then some. Now to your point, jose China's responding, What.
Speaker 3 (03:10):
Did j Powell say today? The Fed share? Well number one,
he said.
Speaker 5 (03:13):
I'm not going to respond to what the President did,
because the Federal Reserve is not supposed to respond to
elected officials. But if you read between the lines that
I can assure you there is no love loss between
these two men, J.
Speaker 3 (03:26):
Powell and President Trump.
Speaker 5 (03:28):
President Trump wants lower interest rates, lower mortgages, and lower inflation.
Speaker 3 (03:33):
He has openly called for the Federal Reserve to cut rates.
Speaker 5 (03:35):
The Federal Reserve, though now is believing that if tariffs
are enacted as we know that they will be, prices
are likely to rise. That's inflation, and the Federal Reserve
does not cut rates in inflation. If anything, it might
keep rates steady or perhaps even raise them. So this
is a global conundrum that, as we're seeing from the
(03:56):
charts and the numbers today, Wall Street is caught in
the middle of and it's kind of a self first,
asked questions later theory.
Speaker 4 (04:03):
Good look at the markets. It has obviously been a
disastrous week. The response from big investors in small near
and far is not good. And it's no surprise that
this White House is under pressure, the President, his cabinet.
They are getting calls from CEOs from investors because across
the board we are hearing this is bad news. This morning,
I reported that I had heard from close to the
(04:25):
White House that there was so much pressure Scott Vessen,
the Treasury Secretary Secretary, was potentially not in the inner
circle and potentially looking to make a move to the FED.
I actually spoke to someone this afternoon, a high level
person inside the administration, who cleared that up, and they
said to me, and I want to get it right.
Secretary Vessent is more committed than ever to his role
(04:45):
as Treasury Secretary. He's meeting with the President several times
a day and communicating with the rest of the cabinet. Obviously,
this week's market reaction is painful, but this is about
an economic reset. So according to Bessent, he's not leaving.
But Katie, you've covered this has been a this time
and last. Palace intrigue is not new to a Trump administration,
(05:05):
and when there's pressure like this, you know the knives
are out for one another. The interesting thing in the
tariff situation, though, Katie, who is the President going to
blame but himself. President Trump is deeply committed to this
idea of tariffs. What we've heard from Secretary of Vesson
is less about the tariffs, but he had what he
has talked about over and over and the reason he
(05:25):
wanted to join this administration. His panic is about debt
and deficits. Now we're not seeing any of that cleared
up just yet. And the thing that has me thinking
so much, you were just talking to Yasmin about that
dress at Macy's. If you and I finished your program
and decided to take a walk in the garment district
of New York City, you know why.
Speaker 3 (05:43):
That would be a problem because.
Speaker 4 (05:45):
There isn't a garment district in New York City anymore.
It doesn't exist. You can walk into a shopping mall
this weekend and wonder are all of these stores still
going to be solvent. And while we've heard it less
from Vessent and more from Commerce Secretary Leutnik, who is
the negotiating on these tariffs, this idea that we're suddenly
going to bring all this manufacturing back where Adita is
(06:07):
spent fifteen years trying to build manufacturing in the United States.
We don't have it in a scalable way. I think
New Balance has a small sneaker making operation, but on
one of our other networks over the week, I heard
someone saying, you know, it's time for me to be
buying my two hundred dollars Nike sneakers that were made here. Well,
if they're going to be made here, it's going to
take two more years or three more years to build
that factory, and they're going to cost four hundred dollars.
(06:29):
So the panic that's in the market's Katie.
Speaker 3 (06:32):
I don't know that it's going away, but.
Speaker 4 (06:34):
It's understandable that you would start to see some sort
of panic or pressure inside the White House because look
what the markets are doing.
Speaker 6 (06:40):
Yeah, after Donald Trump's damage for the US economy comes
into fuller view of the markets today once again taking
a nose diive, the dial plunging twenty two hundred points
more than five percent. Even those good jobs numbers that
were released this morning could not shake the market's pessimism.
As trying to retaliate it against Donald Trump's tariff regime,
(07:01):
the Chinese government imposed a thirty four percent tax on
all goods imported from the United States, as Sir Donald
Trump is for now tripling down. Yesterday he said things
were quote going well today. He said on his site
truth Social that China had quote played it wrong and panicked.
He added that the unemployment figures are a sign that
(07:23):
his strategy is working, but those jobs numbers reflect the
month before Donald Trump's so called Liberation Day economic meltdown
was put into motion. It puts him at odds with
the chair of the Federal Reserved Jerown Powell, who said
today that the tariffs would raise prices for consumers and
will weaken the US economy. It put him at odds
(07:44):
with JP Morgan, who now predicts a sixty percent chance
of a global recession this year. Their report is titled quote,
there will be blood. The Bank says t Trump's tariffs
will cost consumers seven hundred billion dollars this year alone.
It's a tax hike on a scale that LBJ imposed
to pay for the Vietnam War. It also puts Trump
(08:07):
at odds with members of the Republican Party. NBC News
reports this quote after the GOP led Senate delivered a
rare rebuke to Donald Trump on Wednesday by voting to
undo his tariffs on Canada. Whilemakers in both chambers are
weighing additional steps to rein him in, senators are eyeing
other mechanisms to rescind Trump's existing tariffs while limiting his
(08:29):
ability to impose new ones.
Speaker 1 (08:32):
Now we're not going to have all factories come back,
like clothing manufacturing, that's tough to bring back.
Speaker 5 (08:37):
But what kind of manufacturing are you talking about returning here?
Speaker 7 (08:43):
Well, don't you can't just give that away. See what's
going to happen is robotics are going to replace the
cheap labor that we've seen all across the world. I mean,
think of what our factories did. They went to the
cheapest labor the whole world, slave labor, cheap labor, the
worst environmental conditions.
Speaker 3 (09:01):
Polluting the heck out of it.
Speaker 7 (09:02):
And then we bring back those cheap products here and
we feel good about ourselves because we don't see the pain.
Speaker 8 (09:08):
So I really view Liberation Day as he calls it,
to be a real turning point, not just for Americans themselves,
but for the way the rest of the world is
dealing with Donald Trump, not just as it relates to
his rhetoric, but his policy.
Speaker 1 (09:25):
This is the primal screen of a dying regime. Pray
for our enemies, because we're going to medieval.
Speaker 3 (09:33):
On these people.
Speaker 1 (09:35):
You're not going to a free shot. All these networks
lying about the people. The people have had a belly
full of it. I know you don't like hearing that.
I know you've tried to do everything in the world
to stop there, but you're not going to stop it.
It's going to happen.
Speaker 5 (09:47):
And where do people like that go to share the
big line?
Speaker 3 (09:50):
Mega media?
Speaker 5 (09:52):
I wish in my soul, I wish that any.
Speaker 1 (09:55):
Of these people had a conscience. Ask yourself, what is
my task and what is my purpose? If that answer
is to save my country, this country will be saved.
Here's your host, Stephen k back a big day in
world markets. Of course they are royaling with the announcement
(10:20):
of Liberation Day. I think that we're gonna end doubt
on here to walk through what's actually going on because
the MSNBC, CNBC, all of them, they're out to do
one thing. They are trying to crash markets to bring
Donald Trump down. This has nothing to do with the
American people, nothing to do with you know, all of
a sudden, Katie Turr and these people, they're so interested
(10:42):
and so fascinating and so concerned about capitalism and people's
four one case it is. It is a complete and
total joke. However, you know about a situational is president
Trump's policy is absolutely correct. What he's doing is a
geoeconomic reset of the global trading system. Pretty big, right
(11:06):
he started through. You see how he's rolled out on
the reciprocity, on the term of reciprocity. And you've already
had some major nations like, for instance, Vietnam, where so
many of the jobs during the pandemic from China. As
they started, people started to reshore. It wasn't reshore to
the United States. Immediately they went to other low cost,
(11:29):
low labor countries. Vietnam is President Trump put up on
true social has already reached out to President Trump and said, hey,
no Mas, we're in. Just tell us what we got
to do. Right, we see word forty seven percent. At
least you got his down to forty seven percent. Maybe
we'll fight you on the margins, but we're in. Just
tell us what we got to do. We don't want
(11:50):
to get into a trade war with the biggest market
and the most powerful nation on Earth. The messaging here,
when you have a messaging apparatus, is gonna sit there
and tell lie after lie after lie after lie, do
no analysis and repeat the lie. You have to combat that.
You have to go on offense. First, this is not
(12:12):
about cabinet secretaries or people at the White House coming
on shows, which I think they do. They do a
fine job. Scott Besson's Secretary of Treasury, Howard Lutnick, Secretary
of Commerce Peter Navarro, the Trade and Manufacturing czar, also
has it. They're out, They're gonna do the Sunday shows
this weekend. They do a good job when they're on.
(12:32):
I think. I think in Stephanie Rule and we love
your show. We watch it every night to deconstruct it
because that's the show kind of all Wall Street and
the corporate people watch late at night before they hit
the rack to see what's going on. It's kind of
news for the business community. I believe you're wrong, Scott Besson.
(12:56):
His style is different. He's not Howard Lutnik, he's not
Donald Trump, he's not Peter Navarre, he's not Steve Bannon.
He's got a different professorial take on things. That's why
he's a safe payer hands. That's why he's a contributor
here for years. That's why we fought so hard to
having as Secretary Treasury. He's a safe pair of hands.
(13:19):
He's in and he's on the inner circle, not the
Intercircleit talks to the president multiple times a day, but he's
not going to go out with his hair and fire
running around. It's very it's discernment, it's reserve. It's what
the capital markets want to hear because he's not making
it up and kind of winging it about trading tariffs.
My issue is you got to have, as I said
(13:39):
on Eric Bowensher, at the end, you have to have
one hundred surrogates. The people in the White has Cambra secretaries.
They have a job, they got stuff to do. Yes,
they have to be a messing and they should. But
you have to have fifty economists, fifty businessmen, including the
most major ones, that buy into the program and understand it.
The union readers boom, they ought to be all over.
(14:02):
At riv we already say no, no, no, we can't take anymore.
At Newsmax, we can't take anymore. At Fox, you can't
take anymore. The other side has that we've got a
weekend to kind of do this. Trump ain't backing off
this thing. So White House staff, I love you guys,
doing a great job so far, but now we've got
(14:23):
to go fixed banets. We've got to push this over
the top. We got to push it over the top.
President Trump is not going to back off this, and
he doesn't need to back office. The nations of the
Earth are surrendering, are figuring out how to surrender. I've
talked to people for forty eight hours straight. They're trying
to figure out how they can work around this, how
(14:45):
they can do this, how can they get Trump to
some amenable point. I'm not saying President Trump's going to
do it, but Trump ain't blinking. They're blinking. Short commercial
break and return in a moment. Got eded out.
Speaker 3 (15:00):
Who's your host, Stephen K.
Speaker 1 (15:01):
Bath. Okay, remember during the pandemic, Remember the pandemic, and
the pandemic just happened to come at in early twenty twenty.
Let me back up. Let's go back to the beginning,
not the total beginning, of the story about pick a
random chapter. One of the most important months of not
(15:25):
the most important month in the geopolitical history of the
Earth in the twenty first century, was May of twenty nineteen.
In May of twenty nineteen, almost two years in his administration,
are just over this construct this deal we had worked
(15:46):
on from beginning, led by Bob Leithheiser heretofore referred to
as the Lightheiser Deal that Peter Navarre and Lithheiser were
working on every day after we'd had a little how
do you say that? Gary Cone in the globalist crowd
took their shot in April May June of twenty seventeen
(16:07):
and failed miserably. President Trump reverted back to exactly what
he wanted. He knows exactly what he wants, the world Trade.
Lightthheiser and Navarro, working with Lee Hu, came up with
It's called the Lightheiser Deal. It was seven verticals to
take away the seven original sins, as doctor Navar calls it,
of the Chinese, the Chinese companies party economy, and to
(16:30):
actually folded into kind of merge it into the economy
of the West led by the United States of America
and Western Europe. It would take away the problem of
excess capacity and state owned industries and how they gained
the entire as system, all of it. They also had
(16:50):
that month the first Belton Road Big Conference, and they
had putin com I think was I think it was
actually the Beijing or Shanghai, And at that time, why
she shan and she looked and said, hey, this one belt,
one road thing may work. This predatory capitals. We're letting
all the all the nations on the Eurasian land mass
(17:11):
and the Central Asian sub Saharan Africa and the Middle East, Pakistan,
they're all taking the money. They're all getting these infrastructure
programs up. We all know they're not going to be
a payback the money totally at first. So we're going
to restructure the dead take ownership of the of the
infrastructure projects, control of the countries, and then we have
the networking effect that we've been looking for, and the
(17:31):
United States and Europe will fall shortly thereafter with Russia
as our partner. They canceled the Why she shan said,
why should we bow to the foreign devils now? They canceled.
They actually called them and said, we're not doing this deal.
When it was the draft was prepared, they were prepared
to work do and sign a draft, and they get
ready to have a signing ceremony event with President Trump,
and she canceled, not doing that deal. We'll get back
(17:55):
to you that they're not instant. Typical Chinese circumstances changed.
That's when they retrade. You. Circumstances change. Okay, thank you.
I got that. That's what contracts was to go through circumstances.
But I got it. You guys rolled differently. I got it.
They also declared, as Frank Gaftey tells you all the time,
the Committee on the Present Danger tells you all the time,
they declared the People's war against the United States. She
(18:16):
did said let's go, let's throw down. In fact, we
don't want to get together. We kind of we don't
mind decoupling. We want to roll because we see what
they're trying to do. Shortly thereafter, I don't know, in
the summer or the fall, I think the late summer,
the military games, right, the COVID nineteen started to spread.
(18:38):
They knew what they were doing. They're going to take
down in the United States Trump and of course the
economy of Trump in twenty nineteen, on a roll. In
the fall of twenty nineteen, on a roll, virtually no inflation, virtue,
super low interest rates, a three and a half percent growth,
We're taking a trillion dollars of liquidity off the balance
sheet of the Federal Reserve. Janet Yellen was a Federal
(18:58):
Reserve chair. I actually thought she was doing okay, quantitative tightening.
Trump grew the economy of that with that headwind. Plus
you had first time wages, as Cortes tells you all
times got the charts on the whiteboard. Blue collar wages
higher than white collar, rages on growth, non college graduates
higher than college graduates, first time in a long time,
(19:20):
record low unemployment. Hispanics, African Americans, baby were cooking with gas.
Let's roll. Then the pandemic and now we're in this situation.
President Trump was going to do it then, now he's
going to do it now. He has thought about this
to the core of his being. This is why he's
(19:41):
in public office. This is why he started thinking about
back in the late eighties and the early nineties particularly,
remember when they're buying the air rights over Tiffany the Japanese.
Remember the Japanese in the late eighties and early nineties
where had an acid bubble. But man, they were on
a roll a concress and Lou Dobbs, who was kind
(20:04):
of his mentor on TV because watching CNN and Lou
Dobbs was hammering this every night. Nobody talked about it.
The beginning of the trade deficit. Then Lou Dobbs was
hammering that in the eighties and nineties. Remember the trade
devisits twenty five trillion dollars eighteen trade and since Chinese,
since the globalist in New York City, and of course
the Bush apparatus and the Clinton eperd the political class
(20:26):
and Wall Street invited the Chinese companies party in so
we can make slave labor allaw Bijing and everybody make
more money except for the working class in the middle
class United States, who are going to have it all
on their shoulders. And oh, by the way, can you
also Moloch wants your children for forever wars in the
Middle East. Let's start there. That's the system. Trump is
(20:52):
breaking the system. Whether it's the legal apparatus that runs
the imperial capital, was the universities that radicalize these kids,
whether it's the institutions and groups that allowed for a
ten million person invasion on the southern border into our
beloved country in four years, or allowed Fetnah to come
(21:14):
in and destroy working class people of every ethnicity and race,
both in rural communities and in our inner cities. Oh
and designate sanctuary cities at the same time. The corruption,
the incompetence, the hatred of the United States of America
and the citizens of the United States of America by
(21:35):
our elites is virtually unfathomable. If the revolution or generation
came back here, it's not just the structure and the results.
A good, good God in Heaven, what have you done
to allow these people to have control of this, our
beloved republic that we put everything on the line for. Yeah,
(21:56):
how does it make you think? Was Trenton with It
was forged Worth, It was Morristown worth. It was Sarahtoga Worth,
it was Bunker Hill worth, it was all of it worth.
It was that worth. It is that what you were
doing for this? And forget the freak show and the culture.
I'm just talking about the power and the money. They
(22:19):
have outright contempt and hatred for this country. It's sovereignty,
this republic and it's citizens. And they're gonna sit up
here now in wine all day long. This is so terrible.
People are gonna have to pay more for the dress
we can get in Macy's. People are gonna have to
They're gonna pay more for this. They don't give a
damn about that. They never given a damn about that.
Were they talking about that when Biden juices, as we
(22:43):
said on this show at the moment, they did it
in twenty one, and they did that whole nother cash infusion.
We said it's gonna skyrocket inflation, ourselves and Larry Summer
and nobody else, and particularly not the Trader's Republican that
signed up for it to get it passed. And now
(23:03):
those same Republicans, the same people that signed on to
that blood oath with Biden, that crowd for this spending
that crushed everything and sent inflation up. Did you see
the Repartment of talking about no but all they're running
to the mic. Now, my lord, this is terrible. We
must stop. But Trump must be stopped. He must be that.
He's not going to be stopped. He's not going to
(23:27):
be stopped in the White House staff and you guys
are doing a great job. You got to get I
need one hundred economists. I need a hundred businessmen. I
need one hundred entrepreneurs. I need a hundred union people.
I need one hundred folks from Main Street, and I
need them in microphones. I need them on shows starting Monday.
My producers should be coming to me every second. Said,
these people are so obnoxious, they want everything they want
every second of the show. It's crickets. Trump's got a job.
(23:52):
He's president of these United States, the commander in chief
are armed forces, and the chief magistrate and chief law
enforcement officer of our nation. He's fully engaged. I got
a Secretary Treasury, he's great. I got a Secretary of Commerce.
He's getting better. I got They got jobs too. I
(24:12):
don't need them on TV constantly. You give you know besting.
Come out and do something with Calinc's fine. I don't
even He's not a TV host. Where are the economists?
Where are the businessmen? Where are the entrepreneurs? And God
in heaven, where are the working class?
Speaker 3 (24:33):
Hell?
Speaker 1 (24:33):
Guys were coming up in the Rose Garden and high
five and Trump and taking the microphones. President Trump. I'm
from McCombe County, the home o Reagan Democrats, and I
love this. Where's that gang? They're called surrogates, folks. If
(24:55):
you think the biggest change in the global economy, it's
World War two against people that control that and have
made so much money. Let me just repeat, I think
it's since October one, the beginning of the fiscal year,
four point four trillion dollars of wealth has accreed it
(25:17):
to the top one or two percent of point zero percent.
Let's say this the top guys greater than the bottom
fifty percent. A note to self. Trump's whole purpose is
to change that. It's not to take He's not the
French Revolution, He's not a Bolshevik. It's Donald Trump. You
don't have a bigger capitalist, a bigger entrenos Trump. All
(25:40):
he's trying to say is, Hey, I'm tired of these
elites ripping off American people. And American people want a
piece of the action. They deserve a piece of the action,
and they're gonna get a piece of the action. So
why don't we help him out. You gonna help him out.
Let's go rip some faces off. You're telling me, Katie
(26:03):
terror and it's the crowd at MSNBC and seeing a
Steve leasman, this is what's gonna do it, and this
is gonna create this kind of firestorm, and they're sitting there,
Oh my god, it's terrible. It's terrible, terrible, And then
have a million people call Trump over the weekend. You
got it. Back off, You got to back off. This
is terrible because they're all they all grabbed all these donors.
They're all pearl clutchers. They're all gutless, and they panic
(26:24):
at the first sign of a fight. We gotta fight.
You think they're gonna give this, so you think you're
gonna toss the keys Trump? Why not think of that?
Why didn't I think of the reciprocal terrorists? Why was
that our idea? That's so great? Here's the keys? You
just take it for a while. Have we lost our
fricking minds? This is a war, and if you don't
treat it like a war, you're gonna get your ass
(26:47):
kicked ed down. Will join us? I think for Mali
or for White next time? Who's your host? Stephen k Back.
You know, sometimes, like in deals or what you know,
(27:08):
events are messing. Some things are gonna be bought. Other
things you gotta sell. You have to sell this because
it's such a massive reorganization and it's not complicated to
this audience, because we've walked you through this for the
last five years. You know it. In fact, hell, why
don't we just get the warm posseb surrogans. Honestly, you
(27:29):
guys could sell it better, and it's being sold right now.
It's got to be sold because you see the counter
the people that controlled the system that made all the money,
and also the theory of the cases. We're just gonna
wait Trump out. We're gonna wait Trump out. We see
in Wisconsin, Trump not at the top of it. We
saw the eighteen midterm. We saw the twenty two midterm.
(27:51):
Didn't turn out quite They won great effort, but didn't
quite win as big as they wanted. We saw the
eighteen midterm. They got smoked. We saw Wisconsin. These Trump people,
they love it when Trump's on the battle, when they
pick a ballot and his name is at the top,
they're good. No, Trump not so good. They think they
(28:12):
can wait us out. This is a ten or twenty
year struggle. Why do you think I'm the biggest advocate
of Trump twenty eight Trust me, folks, I don't waste
my time chasing rabbits. Okay, this is a war for
this country, for the direction of this country. We're either
(28:34):
a constitutional republic built upon entrepreneurial capitalism, or we're going
to be what you had in those four years. And
you saw it, baby, the economics of it. You saw
what they thought about our sovereignty. They thought about what
you thought about as you as citizens, what they thought
about our true allies and where they want to put
their money and how they want to sneak it around.
The New York Post got a story today about Hunter
(28:57):
Biden and grime happening on the Obama administration, all that
these people are perverts, the degenerates, they're crooks, they're incompetent,
and they're just overall not good folks, full stop, and
they want to create all the money and power to
themselves and give you a fare thee. Well, this is
(29:17):
about the forgotten man and woman who are forgotten no longer.
And guess what, in the last couple of years, you've
raised your head up and you've roared, and you put
him on your shoulders and delivered the biggest comeback victory
in the history of the nation, bigger than the one
in sixteen, against all odds on a man they wanted
(29:38):
to put in prison, a man they wanted to bankrupt,
a man. They brought up all these charges, women, all
this stuff, everything, all this stuff, all of it, all
of it, every day, and he had the moral courage
and say, hey, I know it's going to happen, but
I'm all in. That's why he may be the greatest
leader of this country ever had. And I understand he's
got a couple of three imperfections to Lincoln, and so
(30:01):
did Washington. Go read the histories of them, the memoirs,
go in detail and see that they had plenty of shortcomings,
and they were disruptors, and guess what, they were hated
by a lot of people. Also. That kind of gets
washed out in history, just like this will be washed
out when we win. And we're a long way from winning.
(30:21):
I don't hear more about the inauguration. I don't hear
more about tech bros. I don't hear about this and
that and all these sunshine patriots and summer heroes. I'm
talking about now, and I'm talking about a gut check
this weekend, because baby, it's coming all weekend. Trump's destroyed
the economy, Trump's destroyed this He's crushed our allies, he's
(30:42):
done everything. He's the most destructive individual ever and now
we're getting autocratic breakthrough. He's destroying the courts. He's sent
these poor innocent, these poor little boys, these poor innocent kids.
They're so good, their mommy's gone TV. The big tears
they put. They're down in this prison in thing because
(31:03):
they're good kids. And somehow they just got a rock
and roll tattoo. And you know, people got them for
all the wrong reasons. We got to bring them all
back and tuck them in. Because Trump's evil, He's incompetent,
He's a bad person, folks. I told you when the
inauguration's going, they're all running around and they got the
crypto thing here, and they got that here, and they're
(31:24):
doing this here, and they're running around. I said, give
it one hundred days. Well I think we're before seventy
because Trump is going to get down to it. He
didn't put he didn't risk seven hundred years of three
hundred fifty years in prison, he didn't risk bankruptcy, he
didn't risk having his family destroyed, his honor destroyed, all
(31:46):
of it to come and do small things. Good lord,
he's done more big things in sixty five days than
all the presidents combined of the twentieth century. And I'm
gonna throw FDR in there and Reagan if you think
think about it structurally, for the little guy, they'renning. Oh
my god, he said, raking an FDR. I can't be
(32:09):
greater than that. Yeah, he is yep, he is. And
you're already starting to see fissures. They're already coming out
of the Senate's already passed something. He got, cruise gets,
he got them all. Oh my god, terrorists are terrible.
It's gonna be a off what it's gonna be terrible.
They're breaking ranks. I don't see anybody banging heads from
the war from the White House. He's a busy guy.
(32:29):
President Trump's got a couple of three things on his plate.
Where are the head bangers? Go bang some heads?
Speaker 3 (32:35):
What?
Speaker 1 (32:35):
I don't want to see him as up on the
Capitol steps with the sign that says reciprocity, sir, because
behind the scenes they're the ones leaking to the press
and yearman, this is terrible. I don't know what's gonna happen. Yeah,
I don't know what's gonna happen. This is the same
crowd that won't go down and have a town hall
because they're afraid of democrats gonna say something bad to him.
(32:57):
A Democrat's gonna say something bad. So you know if
these demo is, these democrats are gonna get some things.
They tell them, Democrats, go screw yourself. You guys had
four years. You drove this country into the ground. This
country is so great you how come working class people
are not voting for your vote or voting for us.
I don't want to see the paid guys they show up there.
It ask them getting their grill, shut up. And if
(33:18):
they don't shut up, how you get a question? If
you don't ask a decent question, throw them out of there,
Take them and throw them out. You guys start playing
the same tactics. The reason the country's in the shape
it's in for too long. The Republicans just went along
with this little bow ties and you know, gonna have
a you know, gonna have a thing a punch. This
(33:39):
is not a cotillion. This is not when we're in
thin ties and you know reading uh Witaker Chambers Witness.
That's all great, but that's not what this is about.
This's a fight for the direction of your country. This
is like the guys in the Patriots in the in
the Revolutionary War, This like the Civil War, This is
like World War two. This is a political Donnybrook, a
(34:02):
fight and they're fighting and we're sitting around feeling good.
You better not be feeling good now because President Trump's
put it all on the line, and they're coming for him.
They're coming for him because they think they saw Wisconsin.
They take him out the whole thing Creators. They got
(34:23):
a guy running around the cheese head on the whole
thing Creators. They trust me. These people are plenty tough,
and they're plenty smart, and they're conniving. They got the institutions,
they got the money, they got the power. They're taking
it from overseas. The last thing they want is the
American people to have the sovereignty of their nation back.
(34:43):
They think we can just wait Trump out. We'll wait
this out. He's at least got another twelve he's got
twelve years of eleven and a half years minimum. Yeah,
we got a couple of cards of our sleeve. Not
wasting our time on that one. They think we don't
(35:04):
need their need to worry about that. Don't peach him
in the midterms. Because of this, Ed Dowd, we never
really made the case. I mean we would make it here,
but they lay out the case of what President Trump
inherited and what he's trying to reorient.
Speaker 9 (35:19):
Walk us through it, sir, Well, you mentioned in this
monologue that MSNBC and CNBC are talking about Trump's wrecked
the economy, the middle class economy, the real economy was
already wrecked going into the election. Trump won because of
that economy. Real wage growth was minus two percent. And
I've said before and I'll say it again, Ronald Reagan
(35:40):
had a similar setup, one in a landslide. He had
a double dip reception recession while he restructed the economy.
Bill Clinton same set up minus two percent real wage
growth versus Bush, and he won.
Speaker 3 (35:55):
And Trump won.
Speaker 9 (35:55):
Because economy was already wrecked. The stock market, which is
now I guess making headlines, was already in the process
of topping since December. And what people need to understand
is that the last two years of the buy administration
was a fraudulent economy. You know, in every FED cycle
of easing and then tightening, the fraud comes out. Well,
(36:17):
we corporate fraud in the nineties, we had bank of
fraud that almost took the system down in the seven
o eight period. Then we had a fourteen year easy
money period and then an interest rate hike. And usually
once the punch bowls taken away and it has been
taken away, interest rates are too tight they need to
come down. And there was fraud that propped up the
last leg of this and this fraud was the elephant.
Speaker 1 (36:38):
In the room.
Speaker 9 (36:38):
A legal immigration ten to fifteen million people brought in
in a four year span, majority of which in the
last two years. That was a tremendous amount of money.
It's easy to assume the all in economic costs for
a new legal alien, which was a purposeful policy of
the buid administration outsourced to NGOs, the all in economic
costs that got it worked its way into the using
(37:01):
our balance sheet and deficits, was about fifty one hundred
thousand per legal That includes getting them from Central America
to the Darien Gap, to the border into the interior
of the US, setting them up with accommodations, and then
giving them food and shelter for the period that they're there.
That's a that's a very easy estimate, and that's about
one and if you say fifteen million illegals, good and
(37:23):
that's one and a half trillion that was spent to
prop up this economy through the NGO system. And it
was fake, false, and that's why we had fraudulent nonfarm
payroll numbers. We suspect only about two million of the
illegals actually got jobs. The rest of the freebies. Doge
is exposed so much fraud getting Social Security numbers, free benefits.
(37:43):
I think the administration needs to really talk about the
fraud that they've uncovered and how it propped up the economy,
and the economy quite frankly started the week in the
moment Trump got a life.
Speaker 1 (37:53):
Because sixteen it's just sixteen trillion dollars in the pandemic.
Go on sixteen trellion dollars to say you get to
the thirty seven started twenty one tree and sixteen treeion dollars.
The reason the thing was propped up is federal spending
in the in and the Congress went along with it,
and Biden went along with I mean, we stopped and
turfed out McCarthy, and that's got to stop. Inflation is
(38:16):
not going to stop till you stop that. We have.
Okay for the people on CNBC in MSNBC, particularly Katie
tour take your number two princis, Like Katie, Katie, I
can tell right away that you were a math with
tears person just saying maybe not. I think you said
the other day she took calculus. That's okay, that's good.
We have twenty five tree dollars trade deficit cumulative aggregate
(38:36):
and thirty seven tree dollars a debt. That's the face ofment.
I got another one hundred treeion dollars of you know,
live contingent liabilities of her. Call them we're in hawk.
The twenty part of the thirty seven trade is that
people not making of mine. They're they're buying the cheap
goods center from China because they don't have the jobs
here anymore. That's how you get to the deficit. The
(38:59):
trade deficits are real thing, eighteen tree in dollars since
China's come into the World Trade Organization and got most
Favored Nation status by Clinton and Bob Rubin and that
whole crowd that the neoliberal neo cons of the Bush Clinton.
They're all the same folks, and that's the gospel they're
preaching here every day. And we're not countering it with
(39:19):
economic nationalism up in your face, brute force. Sorry you
don't like it. This is what we're doing. The American
people are going to get a great deal. What does
pacobics say it's a great deal. It's not a good deal.
It's not an okay deal. It's not a kind of
a it's a great deal. And that's why. Why do
you think they're on MSNBC and seeing the New York Times,
(39:41):
Wall Street Journal, Financial Times. Jenny and Tet's up there.
She's one of the smartest women in the world of
capal markets. She's very upset. She's very upset. Hell, it's
the Financial Times of London, the Wall Street Journal, the
New York Times. That these people have anything in common
or ever have the back of working men and women
(40:01):
in the United States of America. Ever, No, they do not.
Why do they hate Trump so much? They hate him
because they think he's a trader to his class. He's
abating there, for God's sake, he's exposed to con, the
long con. And that's what this has been. And then
Dew just walked into a couple of three numbers that
(40:23):
they never wanted to talk about. Were they running around
with inflation, inflation, inflation and talking about how bad inflation
they were trying to cover it up. It's really not
that bad. It's only two percent. Not talking about the
cumult not talking about the decline and the purchase power
of the dollar. Of why the bricks nations were upset
because they run a circus program. Hell, they got hundreds
of economists and hundreds of business guys are all coming
(40:45):
out because they're part of a corrupt system and they
want to take their hands off the levers of power.
What could be simpler? Shortbreak, use your hosts kack birch
gold dot com, take your phone out, text Bannon b
(41:07):
A N N O N at nine eight nine eight
nine eight. Get the ultimate guide to investing in gold
and precious metals in the era of Trump, now more
than ever. Also go to birch Gold dot com. Go
to the website birch Gold dot com. Slash Bannon into
the dollar empire. Get the six free and so I
mean get them all. You get the six free one uh.
(41:29):
Modern monetary theory, the idea that broke the world. Don't
think one of the world's biggest margin call stand by
over at Substack. I'll put this up later. Ton Vy
Ratna very perceptive. Trump's new tariffs aren't a trade tweak,
They're a first move and a full spectrum reset. Nine
point two train of debt matures in twenty twenty five,
(41:50):
Infaci Lingers Alliance are shifting. She breaks and does a
whole analysis that's the way to think about it. Think
about this smartly, the pieces of it. Remember on the
pandemic they want to do, Remember the world economic form
of like kloss Schwab retired the other day. They want
to do what the build back better? A bunch of
pencil necks with power points doing ted talks. Donald Trump's
(42:15):
changed in the world with action. He steps and you
see that speech in the Rose Guard the other day.
That's a man stepping into it and say here's the
way it's going to be. And let's give him a
little backup. How about that. Everybody ought to be to
the ramparts on this and he's not going to back
off this. You got a one shot to do this, folks.
(42:37):
You blink now. I don't want to hear any whining
and bitching and moaning about, oh this is so terrible.
They sent all the jobs at China. Hell, he just
got a fifty four percent if you add the twenty
to the thirty four, he got fifty four percent tariff.
Chinese Communist Party, they ain't sleeping a night. They're figuring
out how we did We got to do something with Trump.
(42:58):
He just went to economic war of the CCP said Hey,
suck on this. How about this deal with this? I
respect you. She deal with the fifty four percent tariff,
of which twenty percent is starting immediately. This is not
a ted talk. It's not a bunch of foils. It's
not some presentation. Not a deck to go to a
(43:18):
world economic foreign Davis. Let's have a deck. There's all
those guys, they all weigh ninety eight pounds or one
hundred and two pounds, right, get the thin suits and
the you know, all the different colors that's sitting there,
giving you a deck. How about a deck? How about
a presentation you're doing on a presentation. Trump's changing the world,
a world that you built that's screwing working class people
throughout the world, are particularly in the United States of America.
(43:44):
And he doesn't care if you like it or you
don't like it. So get on board or if you
want listen. This is going to be remembered, folks. This
is going to be Remember every climbed on. They all
climb on. When Trump's winning, they all climb on November fifth,
remember on the evening of in Trump Great, my phone's
blown up. Been an amazing people I hunted from in
the years isn't it fantastic that he Oh, by the way,
(44:07):
he had a prison Steve. It's a great Trump won.
They all had the road to Damascus. All the people
hated him for so many years abandoned. They're all back.
After ten o'clock, after Pennsylvania and Wisconsin and Michigan, after
all fell, they all yet tech bros. Facebook went in,
started working out more. He getting broke out, getting Dana
(44:30):
White on his board. He's gonna be He's gonna be
a brother, gonna be a kung Fu fighter. All of
them coming back. This is great. Let's have anaugur Let's party.
Where are they? I kind of I think I've missed
those voices the last couple of days. Have I seen
them up there about this? Maybe I missed it. Maybe
my staff just didn't pull all those endorsements, ringing endorsements.
(44:53):
Where all those Republican politicians all down there begging him,
kissing his ass to get an endorsement. So nobody running
against him. Tell me the greatest thing in the world
up on Capitol Hill. Hell, they're getting the knives ready.
Trump better not come up. Here'll be the IDEs of April.
Do you think any of have their back. They don't
(45:14):
have his back. How many have come forward, went full
throat and said, absolutely, this is one hundred percent right.
We're sticking with this. Trump's redoing this for the American people,
forgotten man and woman. They're all kind of faux populous.
There's much cosplay as Bernie Sanders. Where's Bernie in this? Oh?
Bernie put out a sharply worded press release. Yes, you
(45:37):
need terrorists, but this is not the way. There's the
mumbo jumbo Bernie, Bernie, you're irrelevant, Go go play in
the corner. You had two shots of Hillary Clinton. He
had two shots at the neoliberal neo Khon mafia, and
you blinked both times. You know why, you're gutless old man,
always drawing big crowds, drawing brick crowd Hey, hapless fools
that go to Bernie Sanders are going to remain hapless fools.
(46:00):
Not sorry. Oh but he's got his opening acts at AOC.
She's a fire breather, she's on top of her, she's
got it, she understands it. There's two beauties. This is
political warfare. You got one shot at this. Everybody for
decade after decade after decade after decade, it said, the
(46:23):
job's all shipped, and the jobs left and the drugs
came in. They gut it. The Midwest, they got it,
the Upper Middlewest, they got it. New England, they gut
it the South. And you see those people, you know,
Stephanie rolling that crowd on them. They're all, yeah, it's
just too bad, you know. And they're making a pitch.
They're not including the service economy. They're not including the
(46:44):
service economy. There's no sustainable competitive advantage in the service economy. Oh,
except if you come up with an algorithm. I got it,
the algorithmic age. I got it with the only reason
that you got Come on, you granted these guys monopoly status.
Let Leana con on them for a month and see
(47:05):
how what big shots they are. Let Gail Slater take
a shot at it. Oh, it's a service economy all day.
It's a service economy. They're not counting services and services
so competitive. No, No, that's just not true. It's what
you make, how you make it, how you produce it,
how you grow it. That's it. I don't want to
(47:29):
hear any whinnying. If we don't win this moment. We're
gonna win this moment. Okay, and remember I'm taking names.
I got my black book out. I'm irish, I'm taking them,
breaking that down with my number two princip who's with
us and who's the guinness? And I don't want to
after this, no more shot coming back on the boat.
We're gonna shoot the people.
Speaker 3 (47:50):
Behave you.
Speaker 1 (47:50):
If you jumped through the boat, you're gonna swim back.
You try to get out of the way. No, no, no, no, no, no,
shoot them. That's a metaphor. Why do I care. We're
banned everywhere for good reason, and I'm damn glad of it.
It's so detestable what I've seen the last couple of days.
The cowardness, the lies, when the American people their livelihood,
(48:15):
their pursuit of happiness, which I happen to read somewhere,
their pursuit of happiness, and their children and their grandchildren.
We're on the line, the misrepresentations, the lies, baldface lies,
because those in charge of the money and the power
are not prepared to pat you on the head and
(48:36):
say what a brilliant idea. Yes, Jack Vsovic, you're correct, Yes,
Charlie Kirk, you're correct. It's a great deal. Why didn't
we think of that? Why didn't we think of that?
It is a great deal. Thanks for explaining that to us. Fellas,
let's as well get on board now, that's not the
way this is going to roll, Folks, short break, ed
(48:57):
Doubt and others
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