0:00

Steve Bennett, thank you for coming on.

0:02

I appreciate it. Thank you for coming

0:04

to the war room. We were just

0:06

talking about New York and that you

0:08

like New York. Love New York's my

0:11

favorite city. Well, Hong Kong is my

0:13

favorite city, but New York's my favorite

0:15

city. Hong Kong is my favorite city,

0:17

but New York's amazing. I can't go

0:20

there anymore because I've been banned. I've

0:22

been sanctioned by the Chinese

0:24

Communist Party. fully sanctioned for people

0:26

Mike Pompeo, Matt Pottinger, who's a

0:29

deputy national security vice, Peter Navarre

0:31

and myself. I was a civilian

0:34

at the time. It's the only time a

0:36

civilian, so I can't have any association with any

0:38

Chinese company. I can't go to Taiwan or

0:40

I guess I could go to Hong Kong,

0:42

can't go to Shanghai, and I lived in

0:44

both of those places for a while. So

0:46

I love. Love Hong Kong love Shanghai. That's

0:49

unfortunate, but New York. You're good.

0:51

Good. You're still good good You

0:53

can cop like this So yeah,

0:55

no, I used to live in

0:57

New York 15 broad down in

0:59

Broad Street Brooklyn Heights and up

1:01

in right and crossing the public

1:03

library. It's great. When did you first

1:05

meet Donald Trump? Met Trump

1:08

in in August of 2010 before

1:10

that midterm election. Okay again him

1:12

Dave Bassi I was making films

1:15

for his documentary director said, you

1:17

know, what are you doing tomorrow? I was

1:19

cutting a couple of films. I said, I'm

1:21

editing these films. I got to get

1:23

out before the election in September. And

1:26

he says, well, can you go up

1:28

and take a meeting with me tomorrow?

1:30

And I go, no. And he says, well, I really

1:32

need you to come with me. And I go,

1:34

why? He says, well, I'm going to go up

1:36

and meet Donald Trump. I go, that's great.

1:38

But. I'm slammed. I'll just, I don't need

1:40

to meet Trump, I'll just skip to me.

1:42

He goes, no, no, you got to come

1:44

up because I'm making a presentation. He's thinking

1:46

about potentially running for president and

1:49

he wants to go through what he would

1:51

take getting a primary. And I said of

1:53

what country. Right? It's just not feasible at

1:55

the time. I didn't think. And then, so

1:57

we went up, made up, Dave is probably

2:00

a four. our presentation I gave the kind

2:02

of the populist part of it and I

2:04

realize right away what a serious guy is

2:06

he I tell people he's the only person in

2:08

that time I spent a ton of time in

2:10

DC and of course obviously in New

2:12

York but I said what would take hours to

2:15

explain to somebody at Goldman

2:17

Sachs and McKenzie about the Chinese

2:19

county's party and the trade

2:21

deficit and the trade deficit and everything

2:23

that they wouldn't believe because they wouldn't

2:26

believe because they wouldn't believe because they

2:28

like building each other's country, Trump got

2:30

immediately. I mean, he had a very

2:32

deep understanding of China, had a very

2:35

deep understanding of the trade deficit.

2:37

He was kind of a student of Lou Dobbs.

2:39

Lou Dobbs had been hammering this for 20

2:41

or 30 years, and Trump religiously watched Lou

2:43

Dobbs and then, of course, read all the

2:46

papers and came to a very different conclusion

2:48

than the elites in this country that

2:50

our relationship with China at the time was

2:52

healthy for the country was not, and Trump knew

2:54

that not just intuitively, he had a

2:56

very deep understanding of that. And

2:58

so when I left, he also, he

3:00

would ask me because it was the

3:03

Tea Party. Right. That November was the

3:05

biggest, the Republican Party won 63

3:07

seats in the House. Right. It was a

3:09

massive thing for the Tea Party. And Trump,

3:11

so I was given, Dave was

3:13

a kind of a standard stock

3:16

Republican, conservative, I was giving him

3:18

the Tea Party and the populist

3:21

nationalist pitch. And Trump

3:23

goes, well, that's what I am.

3:25

And a popularist. And I go, no, no,

3:27

no, no, it's populist. And he goes,

3:29

yeah, yeah, yeah, yeah, yeah, yeah, a popularist.

3:31

And I go, no, it's actually

3:33

a populist. And he goes, no, it's

3:36

a popularist. So I just quit trying

3:38

to change it. And then on

3:40

the train on the way back, we

3:42

took the Acella back. I'm sitting

3:44

there thinking about the meeting. And

3:47

I'm sitting there thinking about what

3:49

he means by popular. Remember, he's

3:51

a McClunez figure. Everything like Marshall

3:53

McLuhan the media is the massage

3:56

the media about modern communication theory

3:58

for mass communication Yeah Trump understands

4:00

that at a such a

4:02

deep level, at a cellular

4:04

level, cellular level, that people

4:07

don't understand, like he understands.

4:09

Even his detractors, the people

4:11

who hate him don't get

4:13

it. Don't get it. And they

4:15

don't understand his power. And what's

4:17

what's amazing to me is I've grown

4:19

up, you know, I've grown up and

4:21

I've seen, you know, I've paid attention

4:23

to politics for the majority of my

4:26

life. Every election, you know, is

4:28

some type of. referendum on something.

4:30

I've never seen a party as

4:32

out in the wilderness right now

4:35

as a modern democratic party. They've

4:37

never, they don't know how to

4:39

deal with him. They don't understand

4:42

his appeal. You said this brilliantly

4:44

on another interview. They've never fully

4:46

been interested in why he was

4:49

popular. They're only getting interested

4:51

now. And that was something

4:53

brilliant that I thought was

4:55

very interested. Remember, he's a

4:57

Democrat. We understand the power.

5:00

Every major political movement in

5:02

this country has been

5:04

predicated upon working class in

5:06

lower middle class people. It

5:08

just has. That's the power.

5:10

Trump understands it. That's his

5:12

audience. That's when I say

5:15

mass communication. He understands how to

5:17

have a emotional but also mental

5:19

connection with a mass audience

5:21

working class. The Democratic Party

5:24

has abandoned. the working class. What

5:26

they are is, you had these billionaires at

5:28

the top, the Wall Street guys, the Silicon

5:31

Valley guys, then you have the credentialed class.

5:33

All these people with college degrees and

5:35

Ivy League degrees are sitting there like on

5:37

MSMC telling you the way things are going

5:39

to be, and then they have a kind of a

5:41

mass of, you know, the poor right below the

5:44

working, they've abandoned the working class

5:46

too as this project on populist

5:48

nationalism I've been working on for. 15

5:50

years, 14 or 15 years and

5:53

they seated the ground. It wasn't

5:55

that hard because if you if

5:57

you go after and present yourself.

5:59

as somebody that could potentially be

6:01

a solutions provider or at least

6:04

prepared to listen. The working class

6:06

is looking for solutions. They're looking

6:08

for people to listen to him. That's

6:10

where Trump stepped in. He changed the

6:12

Republican Party from a country club party

6:14

to a party working class people in under

6:17

10 years from the time I made him in

6:19

2010 to 2000 and he really started

6:21

getting really involved in the prior 2012-13.

6:23

In 10 or 12 years, he totally changed

6:25

a party to be a working class

6:27

party because one of the big things,

6:29

the Democrats just seated it to us.

6:31

They didn't try to fight it. They're

6:34

not trying to fight it today. The

6:36

people that actually speak about populism,

6:38

Roquehana, who's very smart.

6:40

They're not trying to fight

6:42

it today. The people that actually

6:45

speak about populism, Ro Kahana, who's

6:47

very smart, I'm economic patron, they're

6:49

marginalized. You don't see them talking

6:52

about... and you know pushed every day

6:54

in democratic circles and these are the

6:56

guys are at least trying to come

6:58

up with working class and popular

7:00

solutions and they're kind of on

7:02

an island right now the Democratic

7:05

Party has just totally seen it

7:07

because that credential class they're

7:09

too precious to want to you know

7:11

get down and kind of deal with

7:13

working class issues. Why did Bernie Sanders

7:15

who had a similar position on

7:18

immigration at one point yours? Maybe

7:20

not exactly similar. I don't know. I

7:22

had it till summer. We took it.

7:24

We just lifted Bernie Sanders shit. I

7:26

mean, come on, we just took

7:28

it. He was 100%. He said

7:30

open borders is a Coke Brothers

7:33

proposal. Like that's something they wanted.

7:35

Yes, he understood that. And he

7:37

understood they wanted to drive down

7:39

wages. At what point, and Bill

7:41

Clinton said similar things. Because Bill

7:43

Clinton, the color's power all came

7:45

from the white working class. That's

7:48

how they survived in. Arkansas, that's

7:50

how he won the presidency. And that's

7:52

how Hillary Clinton saved herself for at

7:54

least for a while against Obama. When

7:56

Obama ran the tables on her in

7:59

the primary in 2000. in 2008. What

8:01

changed in the Democratic Party?

8:03

The cultural issues. The cultural

8:06

issues overwhelmed it and that's

8:08

why Bernie Sanders never had a shot.

8:11

As soon as he, look, the capitalist,

8:14

today the whole invasion of

8:16

the 10 to 12 million and I'm

8:18

just talking about people that

8:20

came from January 20th, 2021

8:23

when Biden took office till Trump. That's

8:25

a 10 to 12 million people. That

8:27

was. the the coke kind of corporate

8:29

class that the chamber of commerce guys

8:32

with the open borders people but what

8:34

they did is they they wanted to

8:36

kill inflation by flooding the zone with

8:38

low skilled workers I mean the Federal Reserve

8:40

is very open about this they said they

8:43

were going to do this this is how

8:45

they're going and they did it that 10

8:47

to 12 million well Bernie Sanders you can't

8:49

defend American workers you can't

8:51

defend American citizens of every

8:53

ethnicity and race until you're

8:55

prepared to go hardcore and immigration

8:57

You can't have the world come

9:00

here to your own country. Your

9:02

family's been here for generations busting their

9:04

ass to make this country better and to make

9:06

the communities better and have the world come in

9:08

here and compete with you, not just working with

9:11

the low-skilled jobs. but also with the like the

9:13

phoniness of the H1B visas and that we don't

9:15

really have any legal immigration in this country it's

9:17

all a scam. It's all a scam visa and

9:19

I wanted to talk to you about it. It's

9:22

the press wages, the whole thing is the press

9:24

wages and they and they're winning. And this is

9:26

why Bernie, this is the way Bernie, the reason

9:28

people say it was Bernie, Bernie's a fucking pussy.

9:30

Yeah, he did, he had two shots at the

9:33

Clinton. The Clinton are the epitome

9:35

epitome of the epitome of

9:37

the epitome of the epitome

9:39

of the neoliberal, neo-liberal, neo-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o

9:41

Right? These are hard people. There's nobody harder than

9:44

Hillary Clinton. She's tough. Okay? He had two

9:46

shots at her. Yeah. Two shots. I got

9:48

brought into the campaign, not because I knew

9:50

anything about politics. I'd never been in a

9:52

campaign office in my life. But I had

9:54

focused for a couple of years working with

9:56

Peter Schwartz and other people on taking down

9:58

the Clinton. I got brought in because... were

10:00

so far behind that they needed somebody

10:02

to, if you were going to

10:04

win, you had to bring Clinton's

10:06

numbers down. Because President Trump at

10:08

that time, candidate Trump, you could argue

10:10

anywhere from 8 to 14 points down

10:13

in mid-August of 2016. To close that

10:15

gap, you got to bring the heat on

10:17

Hillary Clinton. And I was brought in as

10:19

that, because I knew the Clinton, and

10:21

Bernie Sanders, I keep telling people. We had

10:23

two shots at her, never laid a glove

10:25

on, as a pillow fight. If you're going

10:28

to get those people, you've got to get

10:30

up in the grill and rip their face

10:32

off because they're tough and

10:34

they're neoliberal Neocons. They're very

10:37

vulnerable. But Bernie had kind of seated

10:39

that ground. That's why he's not really

10:41

had much of an impact on this populist.

10:43

Think about it. We've had

10:46

a populist nationals revolt in

10:48

this country. And Bernie Sanders has been

10:50

a marginal figure to it. How did

10:52

that work? And in the Democratic Party.

10:54

This is why Roohana. What in your

10:56

estimation? I mean you talk about

10:58

it as the age of Trump,

11:00

which is clearly the age of Trump.

11:03

You said it started in 2008 with

11:05

the the tea party with the

11:08

bailouts. This is I think I've

11:10

heard you say something like this

11:12

that the anger the financial collapse

11:15

you had. Obama's administration largely chosen

11:17

by city group. You had a lot of

11:19

people brought in from the

11:21

financial sector. And what do you

11:24

think? the response from the

11:26

Democratic Party should have been. Well first

11:28

of you should have put these things and

11:30

look it would take and steal balls but

11:32

you had to do it number one we

11:35

should let the banker we should let Goldman

11:37

Sachs go bankrupt we should let AIG

11:39

go bankrupt. Their argument would be that

11:41

the entire global economy would collapse. I

11:43

mean this is what they were saying

11:45

to me I was in in that

11:48

business many years ago and they were

11:50

saying they were coming into our office

11:52

going if these bailouts are not signed.

11:54

The American economy falls and then the

11:56

world economy falls within three days. Yeah. Now

11:58

I don't know if that... No, it's 100%

12:00

true. We know that from congressional

12:02

testimony at the banking committee. Is that,

12:05

is that when, so they put Lehman

12:07

Brothers into bankruptcy on Monday, I think

12:09

the 15th, in London first, put in

12:11

bankrupt, and they didn't realize, Lehman Brothers

12:14

was the center of the commercial paper

12:16

market, which is what funds companies overnight

12:18

for the cash, because guys are not

12:21

sitting there with liquid cash to

12:23

run their operations, right? They have

12:25

an investments or bonds or whatever.

12:27

The commercial paper market freezes. Hank

12:29

Paulson, who I used to work for

12:31

at Goldman, and Bernanke, the head

12:33

of the Federal Reserve Secretary of Treasure,

12:36

go to Bush's office into the Oval

12:38

Office, and they say, hey, look, we need

12:40

a trillion dollars cash infusion by

12:42

5 o'clock, or the American financial

12:44

system will collapse in 72 hours, and

12:47

the world financial system two days

12:49

later. And Bush, in a profile in

12:51

courage, goes, hey, we checked the Constitution, it's

12:53

not my problem. You gotta go see

12:55

this lady named Nancy Pelosi. you know,

12:57

to print that kind of money or

13:00

to, you know, to authorize that. They

13:02

go up to Nancy Pelosi and this

13:04

is how what the systems like.

13:06

There's a guy in Alabama that

13:08

was on the, he was the

13:10

minority side, the Republicans in the

13:12

House on the banking committee, they

13:14

made everybody put their blackberries and

13:16

everything outside. This guy, when they get

13:19

out and talk about this, he text his

13:21

brokers and say, buy the QQs, short the

13:23

market for the morning at the open. Yeah,

13:25

he made a couple hundred thousand bucks. In

13:27

your mind, is that a coup? Well, no,

13:29

it's, here's what it is, is that you

13:32

gotta have some accountability and responsibility. First,

13:34

you gotta keep your head clear and

13:36

say, well, hang on, because what Hank

13:38

Paulson did is took care of Goldman.

13:40

They were in the boardroom of, they

13:42

were in the conference rooms of Sullivan

13:44

and Cromwell at that time preparing the

13:46

bankruptcy of Goldman Sachs. Right. They were

13:48

in the conference rooms preparing the bankruptcy

13:51

of GE Capital. They were in the

13:53

bank, in the conference room, the big

13:55

white street law firms, preparing the bankruptcy

13:57

of AIG. I mean, these companies were

13:59

going down. What they did on Goldman Sachs

14:01

is that they signed a one-line thing

14:04

that said starting Monday, Goldman Sachs

14:06

is a bank holding company. Right?

14:08

They just made it a bank holding with

14:10

one line. And so come Monday morning,

14:12

they could go to the Fed window and

14:15

borrow at 2%, lent it to their clients

14:17

at 4%. And take that VIG would be

14:19

a couple billion dollars a month. That

14:22

would kind of bail them out. They

14:24

got a bailout. All these, every one

14:26

of G.E. Capital, Merrill Lynch, all of

14:29

them got bail. This is all on

14:31

the on the backs of the taxpayer.

14:33

100, but the little guy, 35,000 dollars,

14:36

the little guy, first off, the little

14:38

guy didn't get a bail. Worse,

14:40

Hispanic and black, particularly working

14:43

class, where the guys got

14:45

wiped out, turned it over

14:47

to the banks, the banks

14:49

walked in or picking these

14:51

things up. for 50 cents of the dollar,

14:53

not that they wanted them at the time, but

14:55

the equity holders, you had a generation of

14:58

particularly minority homeowners, they got zeroed out. My

15:00

point is, is that yes, there probably had

15:02

to be some balance, but not the way

15:04

it's done. And people say, well, Banner, why

15:06

are you talking about it? Because the way

15:09

we put this money in, they got recouped

15:11

and got like 12 percent. I said, yo,

15:13

dude. at Goldman Sachs of companies in trouble

15:15

like that? You walk in, you blow out

15:17

management, you blow out the equity, you lend

15:20

them the money, the new management team gets

15:22

to earn into 20% of the equity, and

15:24

then the guys that put the money up

15:26

get a bunch of warrants. Where's the

15:28

warrant package for the little guy? Go back

15:31

to 2008. There are no guarantees for the

15:33

American taxpayer. Nothing zero. They got paid back

15:35

the money and they got some returns, but

15:37

what you should have gotten, is some sort

15:40

of package to own these companies. Quasi nationalized

15:42

the banks they proved that they were incapable

15:44

make a lot of people in this town

15:46

nervous When the way you more in Wall Street Yeah,

15:48

well, that's what I mean, but I mean like fuck

15:51

them you got if you're not making them nervous You're

15:53

not doing your job as the whole game is the

15:55

game is totally rigged It's completely rigged against the little

15:57

guy the little guy in the same time they went

15:59

to Silicon Valley did a deal with

16:02

the oligarchs. The little guy in

16:04

this country, and this is a

16:06

revolt, the guy making 35,000 bucks

16:08

a year, right? The entire world's

16:10

system rests on his shoulders, okay?

16:12

Not just the American economy and

16:14

paying the taxes here, but the kind

16:16

of the post-war international

16:19

rules-based order, which is if

16:21

you look at the Eurasian land

16:23

mass from Western Europe and NATO

16:25

to the Middle East, Persian Gulf,

16:27

to around the straits of Malacca,

16:29

around the rim of the Eurasian

16:31

landmass, you have these four big

16:33

nodes. And there you have commercial

16:35

relationships, capital markets, trade deals, which were

16:38

upside down on everyone on. You have

16:40

some sort of a little bit of

16:42

cultural back and forth, but you have

16:44

an American security guarantee. It's

16:46

the reason our defense budget is

16:48

a trillion bucks, so the reason

16:50

our dollar has value. It has

16:53

value, but that dollar during the, during the,

16:55

uh, yes, we're the prime reserve currency after

16:57

Brenton Woods, and that's how you have to,

16:59

we took it over from the Brits, that's

17:01

how you run an empire, how we were

17:03

a hegemon, at least for a moment in

17:05

time. But the question, now, because of the

17:08

drop in purchasing power, the inverse of

17:10

inflation, over Biden's thing, this is why

17:12

you have the bricks nations. saying, hey,

17:14

maybe we got to get on a

17:16

different system. Tell people to brick nations.

17:19

Bricks are Brazil, Russia, India, China, and

17:21

South Africa. Started with that, these nations

17:23

that have natural resources that were kind

17:25

of binding together, saying, hey, the West, right,

17:27

really Western Europe and particularly the

17:30

United States, are screwing us, right?

17:32

We are selling them their natural resources

17:34

at dollars, and these dollars are depreciated

17:36

over time. They're doing a devaluation on

17:38

us. And so they were going to

17:40

bind together first. they kind of figure

17:43

almost like think about hey how do

17:45

we how do we redo the cartels

17:47

like the OPEC back in the 90s

17:49

or think of that then it became

17:51

maybe maybe our combined purchasing power maybe

17:53

we do another currency we bundle together

17:55

maybe it's China the CCP was always

17:58

trying to destroy the US and try Trump

18:00

just comes out the other day

18:02

and says, hey, BRICS nations, I

18:04

love the fact you're having conferences

18:06

and talking about some sort of

18:08

go-back security. Anybody even thinks about

18:11

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18:13

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But back to the financial crisis,

20:36

you have a collapse and here's

20:38

the problem with them. It's not

20:41

capitalism. You've socialized the risk.

20:43

In other words, if it

20:45

collapses, the little guy bails

20:47

it out. But you've given

20:49

unlimited upside to the elites. In

20:51

the history of this nation, the

20:53

greatest concentration of wealth in

20:56

our history. took place in

20:58

the Obama administration. On the surface

21:00

of it, he's the most progressive guy,

21:02

and he's doing some stuff, but that's

21:04

all pro- wrestling. And where it really

21:06

matters, money and power, they have the

21:08

greatest concentration of wealth to the top

21:10

1%, because what they did is they

21:12

took the balance sheet of the Federal

21:14

Reserve, which is about $880 billion dollars

21:16

in bushes there, and they basically flooded

21:18

the zone with liquidity to prop up

21:20

real estate assets, real estate assets, and

21:23

stocks, and bonds. And so if you

21:25

owned... financial real assets, that run you

21:27

had, which you had nothing to do

21:29

with. They took the interest rates to

21:31

zero. And by the way, zero interest

21:33

rates kills the little guy because you've

21:35

got your little passbook savings account or

21:37

checking account, you get no interest. So

21:40

for those five or six years when

21:42

interest rates are near zero, big guys can

21:44

borrow the money, but you're sitting there

21:46

and you have no capital accumulation because

21:49

your little savings account checking account has

21:51

no interest on it. So it benefited

21:53

everything it was to benefit. the wealthy

21:56

and the power guys and quite

21:58

frankly Geithner and the people. at the

22:00

Fed knew this and they had

22:02

some guy named Christopher Leonard

22:04

wrote a book called The Lords

22:06

of Easy Money. He went back

22:09

and read all of the conferences

22:11

and meetings of the Federal

22:13

Reserve governors, which by the way

22:16

is kept secret for 10 years.

22:18

He went back to the 10

22:20

year and he's got the transcripts

22:22

where the guy I think was

22:24

Dick Fisher in the Fed chair

22:26

in Dallas. is sitting there when they're

22:29

doing this he goes hey you understand

22:31

we're going to eviscerate the working class

22:33

in this country we're going to destroy

22:35

the middle class we're propping up this

22:37

entire bailout on these guys shoulders and

22:39

they get nothing in fact not only

22:41

they're going to pay for it they're

22:43

going to get crushed because these these

22:45

zero interest rates of which they can't

22:47

get access to capital that's exactly what

22:49

happened that's the time I realize every

22:51

time you've had a financial crisis in

22:53

the world you've had a populist reaction

22:55

And that's when I said this will, now

22:57

I didn't meet Trump two years later, or

22:59

really get to know him, you know, politically

23:01

until like 2013 or 14. But I knew

23:03

as sure as the turning of the earth, you were

23:06

going to have a populist reaction that

23:08

you had at first in the Tea Party,

23:10

and then later you had it in the

23:12

Trump MAGa movement. But this is, this has

23:14

played out pretty much to the, to

23:16

the, to the way that it normally

23:19

plays out. When, and we're still

23:21

in a horrible situation from two, we

23:23

haven't. gotten to 2008. More importantly, nobody

23:25

associated with that collapse that made all

23:28

that money and all those fees beforehand.

23:30

Nobody's been held accountable. Nobody.

23:33

Do you think that you fast fast forward

23:35

to the situation that we see now?

23:37

We're there. We're talking largely about the

23:39

financial industry. That's very

23:42

cozy with government. You have Hank

23:44

Paulsen going in talking to the

23:46

present. It owns a government. Owning a

23:48

stock and barrel. It seems to me

23:50

and perhaps to you. that there is

23:52

another industry right now moving in that

23:55

wants to own the government. And

23:57

that is the tech industry that seems

23:59

very cozy. very close with the

24:01

government. You've been outspoken and you're

24:03

one of the only people who's

24:05

been publicly outspoken about the

24:07

dangers of that. Well at the same

24:09

time around around 2008 this is when

24:12

Obama became aware of the power of social

24:14

media. There's this famous meeting at

24:16

San Francisco Airport where the guys

24:18

of Facebook come to him with his team

24:20

and they tell him about the

24:22

power of Facebook because he's running

24:24

as a populist outsider against the

24:26

Clinton machine. Nobody gives Obama

24:29

a chance. He's an anti-war

24:31

populist outsider. Nobody gives him

24:33

a chance at first against

24:35

the Clinton apparatus, right? The

24:38

Clinton mafia. He does this, a lot

24:40

of it's through social media. They

24:42

have an implicit bargain later

24:44

with the oligarchs and what I

24:47

call the algorithmic age. They allow

24:49

the, you know, the Facebooks,

24:51

the Twitters. the Googles, all the

24:53

big platforms, the big platforms that

24:55

charge, they essentially reach a fastie

24:57

impact, which is we're a hegemon

24:59

globally, right? And what we need to do in the

25:01

age of the algorithm is keep the commanding

25:03

heights of technology. So we make

25:05

an implicit deal with the oligarchs.

25:07

You're going to have no justice department

25:10

interference, no federal trade commission

25:12

interference. We're not going to try to

25:14

break you up. They're going to have

25:17

no antitrust pressure pressure at all. We're going

25:19

to allow you to become the richest people

25:21

on earth. And but you have to give us

25:23

the commanding heights in the age

25:26

of algorithm. And here's what have

25:28

we found out that we're what 10

25:30

or 12 years into this and we know

25:32

on the two in the age of algorithm

25:34

social media and in AI they've blown

25:36

them both. On social media

25:38

if you look at our

25:40

social media it's fairly cumbersome.

25:43

It's not exactly revolutionary. Tic-tac

25:45

is much bigger. It's so

25:47

much more sophisticated a thousand

25:49

times. The Chinese Communist Party.

25:51

It's so lethal because of its

25:53

addictive nature. They, it does, you

25:56

know, Tiktak is not on mainland

25:58

China. They have a version. right

26:00

of tick-tock that's not so addictive and

26:02

they don't let the content they let

26:04

in the West this is how powerful

26:06

we've blown it as far as social

26:08

media goes there there are orders of

26:11

magnitude more sophisticated we are and ours

26:13

is quite addictive but there's is much

26:15

more but then on artificial intelligence is

26:17

even worse it's and now what do

26:19

you think deep-seek is a cyop

26:21

or a sputnik moment right it's both bad

26:23

but let's I think you have to infer

26:25

the fact it may be a sputnik moment

26:27

they are basically Our theory of the

26:30

case in artificial intelligence was kind

26:32

of mass machine learning, right? Power

26:34

Thune, you need all this new

26:36

energy for the data centers. They're

26:38

saying that there's a totally different

26:40

profile. So what happens? We've lost

26:42

the commanding heights in the two

26:44

very technologies in the algorithmic age.

26:47

We made the Faustian bargain on

26:49

with these guys. There's, look, there's

26:51

75 electric vehicle companies. Google has

26:53

Bing and Duck Duck Go. There's

26:55

no competition for Google. There's no

26:57

competition on Facebook. There's no competition

26:59

on Amazon. Amazon destroyed half the

27:01

small business in this country, flood

27:04

in the zone with Chinese county

27:06

party product. There's no competition

27:08

to really competition to X or

27:10

to Twitter because we let him go.

27:12

And there's no justice department. That's why

27:14

I'm a neo Brandeisian. when it comes

27:16

to the Justice Department. Here's the, I'm

27:18

a Lena Khan fan. You're a Lena

27:20

Khan fan, break them up, break them

27:22

up. If she had been allowed and

27:24

then look, here's Kamala. When Steve Bannon

27:27

talks about Lena Khan 10 times more

27:29

than Biden, and particularly Kamala Harris, that

27:31

tells you it's a fix is in

27:33

the Democratic Party, is controlled by all

27:35

these corporate. This is the thing of Trump.

27:37

You've got Gail Slater, you've got Andrew

27:39

Ferguson, you then have Mike Davis and

27:41

others in war room. that are neo-brandicians

27:44

and kind of think, hey Linda Khan,

27:46

we'd love to have her back. Explain

27:48

that term to people. From Brandeis, Judge

27:51

Justice Brandeis, Louis Brandeis, had this theory

27:53

back in Thursday that you have to

27:55

watch out for private concentrations of power

27:58

that would then partner with government. If

28:00

you wanted to get to a totalitarian

28:02

government, you would have major concentrations of

28:04

private power built around monopolistics. They often

28:06

call it the corporate state. Corporate state.

28:08

Yeah. Exactly. And says that is a

28:11

danger to liberty and freedom, right? Now

28:13

he was an FDR guy, etc. You've

28:15

had it then a school came up

28:17

in kind of the 80s from Chicago,

28:19

called the Chicago school, that really looked

28:22

at it from consumer pricing. right that

28:24

everything's got to be to the benefit

28:26

of the consumer and so we'll go

28:28

it's kind of a general way to

28:30

go in antitrust it's buying people off

28:33

it's going your jobs don't exist anymore

28:35

but the t-shirts are less money exactly

28:37

exactly or even in even in competition

28:39

when they look at mergers that what's

28:41

the price and they do all these

28:44

kind of Cato liberties it's a very

28:46

libertarian school it hasn't worked and it's

28:48

just basically we can immiserate your lives

28:50

but if we give you enough creature

28:52

conference if you give you Netflix if

28:55

you can door dash taco dash taco

28:57

about which I've which I've which I've

28:59

done which I'll admit that's I'll admit

29:01

that but if you can do all

29:03

of those things stop complaining that you

29:06

can't send your kids to college exactly

29:08

that's kind of the layman's yes and

29:10

so in Neo Brandeisian is to get

29:12

back to what Louis Brandeis said is

29:14

that these great concentrations which is really

29:17

that's the last time if I'm ever

29:19

asked to leave a plane if I'm

29:21

ever dragged off a plane for heaping

29:23

abuse on a flight of flight attendant

29:25

deserves it I'm going to scream I'm

29:28

a neo Brandiisian as I have dragged

29:30

off the plane you get you'll get

29:32

you'll get that What Brandeis saw though

29:34

is the is the Chinese Communist Party's

29:36

model. Remember we did all this after

29:39

Tiananmen Square when Bush 41 cents and

29:41

Skokroft over to say no we're gonna

29:43

get you you got to calm down

29:45

this political stuff but we see you

29:47

as a partner on the manufacturing side

29:50

on a global basis we will get

29:52

you in the World Trade Organization we'll

29:54

give you most favored nation status we'll

29:56

do all this and the theory they

29:58

said oh We will take the Chinese

30:01

Communist Party and turn them into liberal

30:03

democracies. These are all become Jeffersonian Democrats.

30:05

The exact opposite happened. We recreated their

30:07

model of state capitalism and authoritarian power.

30:09

And that's what you have today with

30:11

the oligarchs in Silicon Valley. Now here's

30:14

the beauty of it. Here's how great

30:16

the oligarchs are. That we've made them

30:18

the most, we've made them the richest

30:20

people on earth, we've made them some

30:22

of the most powerful people on earth,

30:25

and then exactly when they're exposed for

30:27

being phonies and what you made the

30:29

Faustian bargain for on both social media

30:31

and particularly artificial intelligence, what do they

30:33

do? They flip. Let me get the

30:36

flip in a second. They turn around

30:38

say we need a bailout. They say

30:40

all you're here right now is that

30:42

in this city you're here we need

30:44

a martial plan we need a mercury

30:47

astronaut's plan we need to turn over

30:49

all the national labs the weapons labs

30:51

Lawrence Livermore Sandia where they where they

30:53

made the nuclear weapon the hydrogen bomb

30:55

we need to turn all the natural

30:58

labs to the guys in Silicon Valley

31:00

because now we've had a sputnik moment

31:02

in the Chinese Communist Party have taken

31:04

the commanding heights that go hang over

31:06

a second this is a fun they're

31:09

talking 500 billion to a trillion dollar

31:11

bailout for the exact same guys that

31:13

did this. In addition, understanding the math,

31:15

right, and Elon understood it first, given

31:17

his engineer's brain and really backed our

31:20

play, but the rest of them hung

31:22

out until 11 o'clock p.m., Eastern Standard

31:24

Time, on the 5th of November, when

31:26

Pennsylvania fell, when Pennsylvania fell, you know,

31:28

Zucker, Bizos, all of them became populist

31:31

nationalists. They go, we're in, and they

31:33

got down with their checks to Marlago,

31:35

gen reflected, right, and became supplements, to

31:37

Trump. And this is why I say

31:39

these guys are dangerous. They were, they're

31:42

all progressive Democrats. They were, they were

31:44

made what they are by the Obama

31:46

administration. They're all progressive Democrats. They are

31:48

totally phony. All they want to do

31:50

is go to where the source of

31:53

money is so they can keep their

31:55

being oligarchs. Because right now, if you

31:57

look at them and look at who

31:59

the theoreticians they look for, but they're

32:01

not really on the spectrum of like

32:04

MSMECs here in war rooms here. and

32:06

some guys are more open borders and

32:08

global others are hardcore poppiest and ashes

32:10

during a whole other spectrum and that

32:12

spectrum is what I call technofutilism they've

32:15

been taken out of the world of

32:17

capitalism. It's no longer markets and profits

32:19

since we haven't allowed any competition and

32:21

allowed these come these massive companies. They

32:23

are really digital platforms in rent. They're

32:26

rent secrets, okay? And their idea is

32:28

very feudalistic. It's like Venice in the

32:30

15th century. It is that the railhead

32:32

is like the Leisure Lord with the

32:34

digital platform and everybody else is a

32:37

peasant or what I call a digital

32:39

surf. And this is how you're going

32:41

to run. And they have this network.

32:43

They call it the network state. There's

32:45

books out about it now. It's talk

32:47

about it. And this is what these

32:50

guys believe. And it's quite dangerous. And

32:52

this is why I think you've seen

32:54

the impersonal nature of what's happening at

32:56

Doge, which I support going after the

32:58

administrative state. What is Elon doing and

33:01

what? Is the Doge team doing that

33:03

you wouldn't do or would do differently?

33:05

Let's talk about three things on Elon.

33:07

Number one, and where his biggest supporter

33:09

have given him more credit than anybody.

33:12

Number one, he was the first of

33:14

the oligarchs because I think it was

33:16

engineering brain to really look at where

33:18

we were politically. And he worked through

33:20

the math to say, hey, look, this

33:23

Trump thing is actually this this populist

33:25

nationalist nationalist movement, which is what I

33:27

call magga plus, part of the make

33:29

America healthy again these these housewives who

33:31

were red-pilled during the during the pandemic

33:34

yeah particularly about what their children were

33:36

being taught in school that's right and

33:38

the health thing with the mask that

33:40

would kind of the Nicole Shanahan crowd

33:42

right right the Malibu moms now around

33:45

Trump there's always you have to understand

33:47

there's always a countervary tension with Trump

33:49

with people who want Trump to be

33:51

more Trump right versus those say you've

33:53

got to come down you'd be nice

33:56

and look for the mythic traditional suburban

33:58

mom that if you say nicer things

34:00

shall vote for you I keep saying

34:02

that's never going to happen. came in

34:04

at a time in the campaign in

34:07

the spring and summer of 2024 when

34:09

that was actually being talked about. He

34:11

sat down with Charlie Kirk's guys and

34:13

worked through the math of a ground

34:15

game, a ground game we supported to

34:18

do this MAGA Plus. The brother wrote

34:20

a quarter of a billion dollars in

34:22

checks, 250 million dollars, 50 million a

34:24

month over five months. And I tell

34:26

people. If you don't know about American

34:29

Politics Day, when you see huge donors

34:31

like the Adelsons or the Mercer's and

34:33

people are putting in $100 million, $150

34:35

million, that's over a cycle, a presidential

34:37

cycle. This brother wrote 250 in the

34:40

last five months, 50 a month to

34:42

back a ground game, not to put

34:44

it up on fancy commercials, which most

34:46

of the billionaires get picked off with.

34:48

Number one, he backed our play. Would

34:51

President Trump have won without that? Yes.

34:53

We wouldn't have known that answer at

34:55

10 or 11 o'clock on the Tuesday

34:57

the fifth. That would have probably taken

34:59

a couple of days to work through.

35:02

And I'm not sure sure we'd have

35:04

had 53 guys in the U.S. Senate,

35:06

probably 51. It had been much tighter,

35:08

okay? And it was tight enough already.

35:10

So he definitely had a huge aspect.

35:13

Number two, he immediately got, like nobody

35:15

else has got, the deconstructing the administrative

35:17

state. He understands that we have a

35:19

fourth branch of government that's not in

35:21

the constitution. If Trump's passing through or

35:23

AOC or Bernie Sanders are passing through,

35:26

they run the deal like they're going

35:28

to run and here's what it is.

35:30

When you take over the government, when

35:32

you win, you get 4,000 people. You

35:34

get 3,000 that can hit the date

35:37

plates running immediately. All you need there

35:39

is basically a security clearance, right? Pass

35:41

on drugs, right? And a security clearance,

35:43

right? And you can go and you

35:45

can staff at these mid-level and junior

35:48

levels immediately. You get a thousand. In

35:50

the government, you have about two and

35:52

a half or three million civilians. You

35:54

have about two and a half million

35:56

to three million military. So let's say

35:59

five to six million there. Plus you

36:01

have contractors. another at executive level another

36:03

five million so it makes sense you

36:05

have about ten million people that run

36:07

this apparatus that it that cost six

36:10

and a half to seven trillion dollars

36:12

a year to run right or to

36:14

it transfers money but it costs a

36:16

huge amount of money to run plus

36:18

it oversees I don't know 60 or

36:21

70 trillion dollars of assets right all

36:23

the land all the oil everything that

36:25

we we control that that that apparatus

36:27

is so out of control that in

36:29

order to get down to a sustainable

36:32

model we're gonna actually get close to

36:34

a balanced budget it's got to be

36:36

deconstructing you have to take that apart

36:38

right it's got to be made smaller

36:40

and you got to make some tough

36:43

decisions right programmatically they do a lot

36:45

of things and quite frankly with the

36:47

economic distress we have in the corporations

36:49

bailing on paying decent wages because they've

36:51

invited the world in here to compete

36:54

with American labor in American labor's home

36:56

that you have more working class people

36:58

on medicaid you have more people on

37:00

economic you know security like like food

37:02

stamps so it's it's a tough call

37:05

but but he saw immediately this is

37:07

how you have to do it if

37:09

you're ever to get to the deep

37:11

state which is the aspects of the

37:13

Pentagon intelligence community tells you you got

37:16

you got CIA people should know and

37:18

I'm not a conspiracy theories I came

37:20

to this right through hard evidence of

37:22

seeing it in the first term and

37:24

do it You have the CIA, you

37:27

have aspects of the defense department like

37:29

DIA, that is 17 separate intelligence, which

37:31

has everything, everybody. Everybody's got NSA, they

37:33

can look into your funds, they know

37:35

everything, they can look into your funds,

37:38

they know everything is going on, everything.

37:40

Then you've got the Justice Department with

37:42

aspects of that, and you got DHS

37:44

with ATF and others, you got the

37:46

FBI, you have elements of the defense

37:48

department like DIA, that is the deep

37:51

state. And what I say is like

37:53

to Praurian guard in the Roman empire

37:55

in the Roman Empire. They are actually

37:57

so powerful now that they can decide

37:59

like the Praetorian Guard is who's the

38:02

Emperor and who's not. This is why

38:04

they turf. out Trump and they basically

38:06

plugged in Biden. Would you agree with

38:08

this? Somebody who's smart described this as

38:10

a parallel command structure that is existing

38:13

outside of the executive branch where the

38:15

president is not read into certain intelligence.

38:17

He's lied to about true levels in

38:19

Syria and things like that. They're conducting

38:21

business with countries outside of... the purview

38:24

of the White House. And somebody called

38:26

this a parallel command structure? I would,

38:28

the only difference I would make, you're

38:30

100% correct. It's not parallel. It is

38:32

the command structure. When you sit there,

38:35

when you sit there and get a

38:37

briefing from these people, they will look

38:39

you in the eye and lie to

38:41

you. What I was put in charge

38:43

in the first days of working with

38:46

people like Eric Prince and others to

38:48

come to a plan the president wanted

38:50

out of Afghanistan. We'd already been there,

38:52

I think going on 18 or 19

38:54

or 19 years. and the Pentagon and

38:57

the apparatus and I keep saying I

38:59

never called it the deep state. It's

39:01

not a deep state it's up in

39:03

your face right and they will sit

39:05

there and make up their own numbers

39:08

and lie to you just I talked

39:10

to them at one time I said

39:12

listen I gained some points in time

39:14

about briefings I want I said I

39:16

want to see the briefing about Afghanistan

39:19

over the 20 years this time this

39:21

time this time and because I knew

39:23

what they were going to show They

39:25

were going to show every time, whether

39:27

the president was Bush or Obama, that,

39:30

hey, we're here, if we just have

39:32

more money, in three years, it's going

39:34

to be perfect. It's like seeing these

39:36

small companies. Who's driving this agenda? Is

39:38

it Raytheon, General Dynamics? It's a combination

39:41

of people. It's definitely the outside companies,

39:43

but it's also the guys like Brennan,

39:45

as people have been here. forever been

39:47

in the intelligence movement is the guy

39:49

that keeps coming up bad dude as

39:52

a very dangerous individual he's a dangerous

39:54

person dangerous but there's there's a hundred

39:56

clapper Hayden all the those are the

39:58

guys you see at the very top

40:00

yeah but they also have, they have

40:03

coaching trees like bellicheck, etc. So it's

40:05

deep into the apparatus in the apparatus

40:07

and this is the thing they have

40:09

called the interagency. Did they have anyone

40:11

in the Trump White House the first

40:14

one? Yeah, but when you, okay, so

40:16

I asked Mike Flynn, I said, look,

40:18

yeah, let me see the charts for

40:20

this is the first day. I want

40:22

to see the charts for the National

40:24

Security Council. When I came off sea

40:27

duty. in the 70s and came back,

40:29

I came back to the Pentagon to

40:31

be a special assistant to the chief

40:33

and naval operation, basically a junior officer,

40:35

Grandune. This is in 1981, when Reagan

40:38

was like, the guys in the Pentagon

40:40

at that time thought the National Security

40:42

Council ran the world, National Security Council

40:44

had 25 people. You had Kissinger, you

40:46

had Brzinsky, and then they picked Richard

40:49

V. Allen because they didn't want some

40:51

Dr. Strangenlove type, but Reagan didn't. That

40:53

had 25 or 30 people and the

40:55

guys in Pentagon said these fuckers run

40:57

the world right? They're too powerful Flynn

41:00

comes back on the first like the

41:02

first day goes down with Jared and

41:04

the president. It's got these charts like

41:06

this is like this I said Mike

41:08

I didn't want to see the entire

41:11

national security opera I don't see the

41:13

Pentagon he goes no no this is

41:15

the National Security Council I go what

41:17

292 bullets if you look at it

41:19

they're into everything and I go my

41:22

god I said how many political appointees

41:24

we got he says about 40 or

41:26

50 or 50 I said, well, hey,

41:28

heck, no offense. We don't know 40

41:30

or 50 MAGA guys that step in

41:33

there right now. We have to get

41:35

rid of some of these. These are

41:37

called detailes. They come from the Pentagon.

41:39

They come from the CIA. They come

41:41

from DNA. They come from the CIA.

41:44

They come from DNA. They come from

41:46

DNA. They come from DNA. They come

41:48

from DNA. They plug a person in.

41:50

We want to get rid of those.

41:52

So they know that new administrations coming

41:55

in are not always going to have

41:57

these 200 people. No, Obama, no. In

41:59

fact, it's impossible. First of you, you

42:01

don't even have, you don't even have

42:03

the allocation of political appointees. But you

42:06

might have 25. So by making it

42:08

larger, and they have a phrase, I

42:10

call it their fetish, they have a

42:12

thing called the interagency process. In other

42:14

words, everything has to go through, the

42:17

CIA's got to sign off, the State

42:19

Department, you got to remember, the CIA

42:21

has a military aspect to it, the

42:23

State Department has an intelligence aspect to

42:25

it, the deep state is like kudzoo,

42:28

and it's run by the CIA. The

42:30

CIA controls behind the scene. And the

42:32

CIA is run by the billionaires. Well,

42:34

the CIA reports to, first off, an

42:36

elite class of Americans have just been,

42:39

you know, from OSS to the CIA,

42:41

very Ivy League. When I talk about

42:43

the credential class, the traditional control of

42:45

the CIA has been kind of the

42:47

Ivy League. Harvard, Yale, Harvard Law School.

42:50

Yes, Princeton. A little bit of that's

42:52

changed, but not the mentality. The very

42:54

mentality is that... Cold War liberalism. They

42:56

are the guardians of this republic. That's

42:58

right. Right. And you have these politicians,

43:00

whether the clowns like Bill Clinton or

43:03

neo-fights like Obama, are dangerous individuals like

43:05

Trump, they can wander in and out,

43:07

but they are the guardians of the

43:09

republic. America's become a hegemon because of

43:11

them. They decide we're going to stay

43:14

in the Ukraine for three years. First

43:16

off, they decide why with some and

43:18

this is one of the things I

43:20

told McMaster's he would say to go

43:22

we got the greatest team and we're

43:25

going to do all this. I said

43:27

dude, you've had Bush, you've had Obama

43:29

night, you've got us, you've had a

43:31

you've had a center right group of

43:33

neoliberal conservatives in Bush, you've had the

43:36

biggest group of progressives ever under Obama

43:38

and I said we're here for 20

43:40

years. I said you've had smart guys

43:42

around this table. Why has it never

43:44

changed? And the reason it never changes

43:47

that the neoliberal Neocons have an apparatus,

43:49

that apparatus is the deep state. And

43:51

this is why I say if AOC

43:53

or Bernie was there, they'd be just

43:55

as dismissed. This is what eventually impeached

43:58

Trump. They saw Trump as such a

44:00

danger. This was the whole Russia hoax.

44:02

This was a guy named Colonel Derek

44:04

Harvey. and an army sergeant called Higgins

44:06

were two brilliant guys that understood this.

44:09

They actually went through and came back

44:11

and made a presentation. Here are the

44:13

deep staters that actually in the National

44:15

Security Council, right? And here's who their

44:17

names are and ranked ordered, the ones

44:20

that should be turfed out. The number

44:22

one name was this Eric Camarillo guy,

44:24

who eventually was the whistleblower on the

44:26

Trump called to Ukraine. The guy, the

44:28

original whistleblower, was a guy. that two

44:31

years before they identified as one of

44:33

the most dangerous guys because it's a

44:35

deep stater. I love factored meals. They're

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45:08

was on a meal plan once, and

45:10

literally it was just, it was boiled

45:12

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you're never going to be anything I

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turn around, because you're forgetful. You don't

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take it seriously. And if you keep

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leaving your folder in the house, you're

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going to be a house. And I

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know that that seems fun now because

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you like playing in the backyard, but

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you know when it's not fun? When

46:35

all you have is the backyard. You

46:37

actually only like the backyard because you

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could come into the house. But if

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I took the house away and it

46:43

was just a backyard, we'd have a

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real hellish life. Which is what you're

46:48

going to have if you don't remember

46:50

your folder. Okay? But because I had

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a grab and go kito snack, what

46:54

I've liked to have more... of a

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meal, maybe I would have, but because

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this factor snack enables me to get

47:01

your folder, I'm giving you a shot

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at a life. Okay, I'm giving you

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a shot at a god damn life,

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which is something that was never done

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for me. Okay, my father was a

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drinker. The thing about the factor is

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It supports our show and it supports

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your metabolic life. The deep state is

48:00

a real thing. And this is why

48:03

I see President Trump going after hammer

48:05

and tongue right now. Also, Elon's hitting

48:07

it from a different angle. He's kind

48:10

of going after the administrative state. He'll

48:12

get to the deep state because one

48:14

of their slush funds like USAID. USAID

48:17

is a century always been a CIA

48:19

front that you see. Yes. Do they

48:21

have. water projects in India. Did they

48:24

have some stuff in sub-Saharan Africa? They

48:26

do. That's all on the surface to

48:28

make you feel better. They're running this

48:30

thing, particularly funding all the, funding all

48:33

the media against Orban and Hungary, funding,

48:35

you know, funding money to all these

48:37

source-backed institutions, NGOs, and NGOs on the

48:40

southern border to do the invasion. All

48:42

that was, a lot of that was

48:44

funded by USA. And I mean, this

48:47

is. somewhat unrelated, but I guess perhaps

48:49

incredibly related. You know, why did the

48:51

media take very little interest in the

48:54

person who almost killed the president? It's

48:56

100% related. The assassination, but think about

48:58

it. The media, you know, I was

49:00

just watching, because of the classic on

49:03

TCM the other night, in the Oscar

49:05

month, they had all the president's men.

49:07

Right. You go back and look. It's

49:10

great movie. It's classic. But if you

49:12

go back and look. at the 60s

49:14

and 70s. Yeah, it was killing them

49:17

every other day. And the people in

49:19

New York Times, Washington Post, these people

49:21

were anti-institutionalists. They were into the, they

49:24

were all over the FBI. They were

49:26

all over the CIA. They were all

49:28

over the CIA. They were all over

49:30

investigative reporting. That's completely flipped. The Democratic

49:33

Party and the mainstream media became the

49:35

defenders of the institutions. This is why

49:37

every night, you're here, you're here banging

49:40

them every night. They got Cash Patel

49:42

and Dan Bonjino at the FBI. They

49:44

have Tulsi Gabbard. The Democratic Party, and

49:47

I think they know politically, they're in

49:49

a tough jam. They became the defenders

49:51

of a... corrupt system. They became the

49:54

defenders of institutions that clearly have to

49:56

be at minimum reform and I think

49:58

quite frankly purged and taken down and

50:00

rebuilt. So they're defenders of that. All

50:03

the mainstream media is the biggest defenders.

50:05

I mean in the Washington Post, David

50:07

Ignations comes on Morning Joe. We call

50:10

it the Langley Bugel, the Washington Post.

50:12

You're getting the pure thing from that

50:14

you're getting the CIA's point of view

50:17

that day when you see Ignatious. You

50:19

see the same things in the New

50:21

York Times, big reporters on defense, you're

50:24

getting the Pentagon's perspective. So the mainstream

50:26

and liberal media. And this is just

50:28

perpetual war for perpetual peace. Invade everywhere

50:30

and invite everyone in. Invite everyone in.

50:33

Invade everyone in. Invade everyone in. Invade

50:35

the world. And then you have a

50:37

citizenry here that's immiserated. That is paying

50:40

for all these wars. Their lives are

50:42

terrible. and getting worse getting worse and

50:44

and their kids and their kids futures

50:47

are shot and they're manning remember it's

50:49

these kids it's the family it's the

50:51

children of the of the of this

50:54

eviscerated middle class and working class that

50:56

kids are walking patrol in the Hindu

50:58

Kush are with the hundred and first

51:00

airborne's brigade in Romania on the Ukraine

51:03

border are in the two-carried battle groups

51:05

in the Red Sea they're calling as

51:07

democracy they're calling you a fascist they're

51:10

calling you a fascist What he's describing

51:12

right now is democracy. Have you noticed

51:14

the way this is being presented? I'm

51:17

sure you have you know. Yes, 100%

51:19

and this is democracy. This is democracy.

51:21

This is democracy. Right. We're winning elections.

51:24

In the woods with the goathead is

51:26

democracy. The council is democracy. You know

51:28

what I mean? Well, they're total. It's

51:30

authoritarian. It's authoritarian model like the Chinese

51:33

Communist Party. They want a couple of

51:35

industries, state capitalism. Where they have. elite

51:37

merger right between big government and in

51:40

big business there are the control things

51:42

and what they what What I find

51:44

so laughable is we're actually winning elections.

51:47

Let's take 24. After having the 2020

51:49

election stolen from us and being now

51:51

de-bank, de-platform, remember I'm de-platformed everywhere. Warrooms

51:54

not only... How did they do that?

51:56

When you talk about it, Doc, I

51:58

will have to ask, because people will

52:00

jump on that and they will say

52:03

that nobody found any proof, then he

52:05

proved, then he proved, remember... We got

52:07

63.5 million votes in 16. I thought

52:10

we did a pretty damn good job.

52:12

We got 74 million votes in 2020,

52:14

including we picked up 12 house seats.

52:17

So you're telling me that you're telling

52:19

me in a Nancy Pelosi, I think

52:21

we won 14 and they won two

52:24

so net 12. We picked up 12

52:26

house seats in that election. What do

52:28

you think the mechanism is? It's mail

52:30

and balance. I'm not a machine guy.

52:33

It's man. I think it's mail and

52:35

ballots. It was very evident what they

52:37

did in Pennsylvania in Pennsylvania in Wisconsin.

52:40

in Michigan. It was mail and ballots.

52:42

And remember, he only won by the

52:44

same margin that we did, the 72,000,

52:47

you know, when you accumulate Pennsylvania, Michigan,

52:49

and Wisconsin, that's what Biden won by.

52:51

You take the other states, these are

52:54

small numbers, right? It's 10,000 in Georgia,

52:56

you know, 9,000 in Arizona. It was

52:58

mail and ballots. But here's the point.

53:00

Where are those guys, where they've gone

53:03

since then? They didn't vote in the

53:05

midterm elections. They didn't vote in 2024

53:07

in 2024. And so where are they

53:10

disorient that disenchanted or they don't exist?

53:12

They don't exist. They don't exist. Okay.

53:14

They don't exist. They're disenchanted. They don't

53:17

hate Trump. Oh, they only vote because

53:19

they hated Trump. They don't hate Trump.

53:21

They don't hate Trump any less. They

53:24

see him as a as a hero.

53:26

It's ridiculous. We can win. This is

53:28

why on democracy. We love democracy. Because

53:30

you're not going to beat us. Right

53:33

now. A lot of black men are

53:35

just not going to vote for the

53:37

Democrats. Remember, they don't vote for the

53:40

Democrats as one to us. If they

53:42

vote for us... it's a two-banger, right?

53:44

Hispanics. Star County, Texas, a hard-scrabble county

53:47

in South Texas, 97% Hispanic and Blue

53:49

Collard, the most Hispanic county in the

53:51

United States, voted for Hillary Clinton by

53:54

60% in 2016. In 2024, Trump won

53:56

it by 16%. The Hispanic working class

53:58

is coming our way. The African-American working

54:00

class is coming our way. If in

54:03

President Trump's... But this is why you've

54:05

urged Elon Musk, be careful, Social Security

54:07

and Medicare. And Medicaid. Medicaid. I keep

54:10

telling people, don't think, you know, in

54:12

the old days, oh, Medicaid was an

54:14

urban thing. I said, you can't take

54:17

a mediacs to it. I said, you

54:19

can't take a mediacs to it. I

54:21

said, this is not about race anymore.

54:24

This is about economic. This is something

54:26

like 80 or 90% of the babies

54:28

born in Idaho or in Medicaid. Medicaid

54:30

is now for the working class, the

54:33

white working class in the Hispanic and

54:35

black, these are our voters, right? You

54:37

have to be very careful. Medicaid, you

54:40

have to get the illegal aliens off

54:42

and you have to put work requirements.

54:44

But Dust don't think you can go

54:47

and put a meat axe to it.

54:49

This project to destroy the distinction between

54:51

citizen and non-citizen is entirely, not only

54:54

to drive down wages, but... to kind

54:56

of destroy any idea of what a

54:58

contract, a social contract, a national identity.

55:00

Yes, a national identity. Yes. And a

55:03

contract between the citizens and the government

55:05

saying I am, I give you this,

55:07

I am owed that. Yes. But if

55:10

we destroy the distinction between citizen and

55:12

non-citizen, right. Look at the non-citizen, look

55:14

at the non-citizen Medicaid. It's, it's, it's,

55:17

it's, it's, it's, it's shocking. Right. Right.

55:19

The non-citizen's been given. you and i

55:21

would do the exact same thing you

55:24

were invited here by the federal government

55:26

right people shouldn't on your your audience

55:28

should not lose track of the fact

55:30

that in these reconciliation things we're talking

55:33

about for the mass deportations it's a

55:35

hundred and seventy five billion dollars we're

55:37

asking for Not just to secure the

55:40

border, but for the mass deep protection.

55:42

And you're talking really about the people

55:44

that came in the last four years.

55:47

I'm only talking, I don't, I'm right

55:49

now not concerned about anybody that came

55:51

in before January 20th of 2021 because

55:54

the way I calculated, there's 10 to

55:56

12 million, and plus, you know, a

55:58

million bad ombres, right criminals. I was

56:00

in Danbury. 10% of the prison, it's

56:03

a prison for 800 people, 800 people,

56:05

800. I think a few of them

56:07

just to get them out just to

56:10

make a point. If I could write

56:12

a few names down and you could

56:14

pass it to Tulsa. Just to make

56:17

a point. I never say, hey, we

56:19

don't. It's not about race, where it

56:21

is. No, no, no. I'm saying the

56:24

guys coming up from Ukraine, you go

56:26

to Monta. You've said the H-1B visas,

56:28

where tech people are bringing in. So

56:31

my question you is, and there's a

56:33

question. I'm a heart corp, but I

56:35

remember, I remember, but remember, I'm hardcore,

56:37

I'm hardcore, I'm, I'm heart corp, I'm,

56:40

I'm, I'm, I'm, I'm heart corp, I'm,

56:42

I'm heart corp, I'm, I'm heartcorb, but

56:44

remember, I'm, I'm, I'm heartcorb, I'm, I'm,

56:47

I'm, I'm heartcorb, I'm, I'm, I'm, I'm

56:49

heartcorb, I'm, I don't care your ethnicity,

56:51

your race, gender or whatever, your religion.

56:54

If you're an American citizen, it should

56:56

be like the Roman citizenship. You get

56:58

a special deal. The whole system depends

57:01

upon you. The whole world's economic system

57:03

comes down your shoulders. You're paying the

57:05

taxes to really finance the hegemony. In

57:07

addition... Your sons and daughters are the

57:10

ones, man, you're in Romania with the

57:12

101st, you're on the carrier battle group

57:14

in the Red Sea, you're on patrol

57:17

in the South China Sea. You're defending

57:19

the order. You're defending the whole system,

57:21

and yet you're the one that screwed

57:24

over consistently, that's got to flip. Everything's

57:26

got to be like, for instance, these

57:28

visa programs, they shouldn't work unless they

57:31

work for American citizens, and what I

57:33

mean by that. You've criticized, you've said

57:35

there's a lack of lack of black

57:37

and Hispanic and Hispanic and Hispanic people,

57:40

The most progressive thing about the most

57:42

progressive people on earth in the Obama

57:44

administration created an apartheid state the Silicon

57:47

Valley is an apartheid state. There's no

57:49

blacks or Hispanics in the in the

57:51

South Asians or Indians are there. are

57:54

there as indentured servants? They're working for

57:56

a third to 50% less than American

57:58

citizens, often in kind of horrible conditions

58:01

where four or five guys to a

58:03

condo and working 20 hours a day,

58:05

seven days a week because if they

58:07

complain, they get the boot. Okay, it's

58:10

not acceptable. And not just that... That

58:12

promiswami says is because Americans are lazy

58:14

and watched too much TV or they're...

58:17

not educated or they're they have not

58:19

shown me and and because they all

58:21

backed off coming after me on H1B

58:24

visas I said show me one thing

58:26

I want to see one fucking billet

58:28

one person in any of those billets

58:31

of the millions are here one show

58:33

me one in that billet that has

58:35

a better education or better skill set

58:37

than an American they can't show me

58:40

one they won't show me one and

58:42

they won't show me one because it

58:44

doesn't exist it has nothing to do

58:47

and when the media says high-skilled these

58:49

are not more these are not high-skilled

58:51

this is basically this is basically the

58:54

the essentially the mass programmers right that

58:56

this this is not it's all about

58:58

getting it cheaper for one-third because most

59:01

of the cost of these companies is

59:03

in the programming right on the technicians

59:05

the technical aspect of it they pay

59:07

one-third to fifty percent less they have

59:10

higher margins they have higher stock prices

59:12

get bigger bigger their warrant packages worth

59:14

much the math here is not complicated

59:17

But they can't show that the H-1B

59:19

visa is a brand more educated. We

59:21

have plenty of educated people in the

59:24

United States. Now, people in the United

59:26

States are going to want to get

59:28

paid a certain amount because it's not

59:31

going to pay against the world. Number

59:33

two, being Americans, you know, you've got

59:35

a little cussiness and grit. This is

59:37

what, hey, and you're going to be

59:40

vocal about what working condition are. That's

59:42

what it means to be American. That

59:44

same grit in tenacity and getting up

59:47

in people's faces in people's faces. The

59:49

same reason we won the Cold War,

59:51

the same reason the call on American,

59:54

those same Americans are their sons or

59:56

daughters are on the carrier battle group

59:58

in the Red Sea. You can't separate

1:00:01

them. And here's the problem is we've

1:00:03

invited the world. It is not acceptable.

1:00:05

in this nation, to bring in foreign

1:00:07

workers, to compete against American workers for

1:00:10

these jobs, is bullshit. It should be,

1:00:12

I want a total moratorium, until we

1:00:14

get sorted, exactly what's going on. And

1:00:17

until those billets, on H-1Bs were just

1:00:19

so corrupt, I would shut it all

1:00:21

down, all of it. I deport immediately,

1:00:24

everybody. I would give every bill in

1:00:26

60 days, every job in 60 days,

1:00:28

so an American citizen. And Bob's your

1:00:31

uncle and we have to be this

1:00:33

hardcore. I am, I am very hardcore

1:00:35

in these things because if you don't

1:00:37

take it to an extreme, you're never

1:00:40

going to change it. The capitalists always

1:00:42

want to have lower wages and more

1:00:44

malleable populations. And it's not even capitalism,

1:00:47

it's crony, you know what I mean?

1:00:49

It's the corporate state. Yes, it's the

1:00:51

corporate state. Zuckbert. We don't have capital.

1:00:54

Andreson guys like this. Their network, their

1:00:56

oligarchs, what they love is their money

1:00:58

and their power. Have they ever sacrificed

1:01:01

for anything in this country when President

1:01:03

Trump came up for the first time

1:01:05

that and tried to give working class

1:01:07

people and it showed in the 2019

1:01:10

numbers that that blue-collar wages increasing in

1:01:12

a faster rate than white-collar wages, non-college

1:01:14

graduates, higher than college graduates? Did they

1:01:17

support him? They de-platform de-de-bank him? They

1:01:19

have no, do you see those guys

1:01:21

volunteering? to go overseas and defend their

1:01:24

country? No, what they want to do

1:01:26

is go to the Pentagon and get

1:01:28

a big, fucking, fat Pentagon contract, right,

1:01:31

to leach off this nation. No, they're

1:01:33

not good guys. And I keep telling

1:01:35

people in our party, don't think they

1:01:37

support us because they don't. They're very

1:01:40

good at knowing where power is. And

1:01:42

right now they think that before Obama

1:01:44

and the Clinton's were the power and

1:01:47

Biden, now it's just like they betrayed

1:01:49

them and flipped them and flipped on

1:01:51

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dick in my pussy! Or I'll put

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it in a blender! Is Elon Musk

1:02:51

using Trump? I don't, listen, I think

1:02:54

he's a different category than I would

1:02:56

say the other. And look, I'm not

1:02:58

a fan of many aspects, like, but

1:03:01

like I said, on the two big

1:03:03

ones, backing our play in 2024, the

1:03:05

deconstructured administrative state, and the third, which

1:03:07

is, you know, this populist revolt going

1:03:10

throughout the world, which has been very

1:03:12

vocal of backing in places like England

1:03:14

and in Germany, and I tell people,

1:03:17

I said, look, this brother brings the

1:03:19

two tactical nuclear weapons of modern politics.

1:03:21

unlimited money to wit. He wrote a

1:03:24

$250 million check that doesn't affect his...

1:03:26

He still got baby mamas lined up,

1:03:28

right? Right. doesn't affect his lifestyle. Plus,

1:03:31

he's got a platform, he can bind

1:03:33

what he wants to bind and lose

1:03:35

what he wants to lose. He can

1:03:37

drive up the awareness of something or

1:03:40

crush it. So with those two things,

1:03:42

there's not a centrist government in Europe

1:03:44

that can withstand this. There's very little

1:03:47

money in European politics. The entire campaign

1:03:49

for Brexit, which is really taking England's

1:03:51

sovereignty back. And the remain guys are

1:03:54

very powerful. It's the establishment. That entire

1:03:56

campaign was about 25 million pounds. It's

1:03:58

nothing. So he's got unlimited power. And

1:04:01

I think directionally he's trying to do

1:04:03

some good things. I've got problems with

1:04:05

one. I'm not... Does it worry that

1:04:07

one person has that much power? It

1:04:10

always worries me that the concentration of

1:04:12

power in Silicon Valley and the concentration...

1:04:14

Now President Trump has a special relationship

1:04:17

with him. We all trust President Trump.

1:04:19

President Trump says he's on top of

1:04:21

this. It's just that you have to...

1:04:24

One of my bigger problems with Elon

1:04:26

Musk is transhumanism. The number one of

1:04:28

all the problems we have, we have

1:04:31

massive financial problems, NASA geostrategic problems, all

1:04:33

the in massive immigration and sovereignty issues,

1:04:35

all of those problems are solvable. Tough

1:04:37

decisions, we've let a lot of good

1:04:40

alternatives go away, it gets tougher and

1:04:42

tougher every year, they can all be

1:04:44

solved. And they can be solved by

1:04:47

rational policies. and you can solve those

1:04:49

in debate and some days you're going

1:04:51

to win, some days you're going to

1:04:54

lose. Underneath that, we have the most

1:04:56

important time in the history of the

1:04:58

homo sapien is upon us. We are

1:05:01

converging on something called the singularity. And

1:05:03

it's just not AI. AI is one

1:05:05

part of it. You have artificial intelligence

1:05:07

and artificial general intelligence. You also have

1:05:10

regenerative robotics, you have regenerative robotics, you

1:05:12

have quantum computing, you have advanced chip

1:05:14

design, you also have crisper and gene...

1:05:17

gene splice manipulation manipulation that's all converging

1:05:19

a spot called the singularity on this

1:05:21

side of that you have the homo

1:05:24

sapiens something has been around I don't

1:05:26

know for 100,000, all the other species

1:05:28

fell aside, we survived, okay? So you

1:05:31

have the Homo sapien for I don't

1:05:33

know 100,000 or a million years. On

1:05:35

the other side of that you have

1:05:37

Homo sapien 2.0 and the pressure as

1:05:40

if people under 35 or 40 didn't

1:05:42

have enough pressure on them because they

1:05:44

have more pressure than any generation in

1:05:47

this country I think, of pressure on

1:05:49

them of economically, of socially, you're now

1:05:51

going to add another pressure, For their

1:05:54

children, you know, enhance yourself. Exactly. Even

1:05:56

not yourself. If you're saying, no, I'm

1:05:58

going to see this thing through is

1:06:01

what I am and I'll make myself

1:06:03

better. But you look at your kids

1:06:05

and you say, hey, look, I worked

1:06:07

my ass off and I went to

1:06:10

an Ivy League school. I went to

1:06:12

a great university. I became great in

1:06:14

a sport. I became great. My professional.

1:06:17

My love, my hobby, whatever it was.

1:06:19

And you're going to sit there and

1:06:21

go. Let's chip the kids. There's only

1:06:24

so many slots at Harvard. There's only

1:06:26

so many slots at Wisconsin or Arizona.

1:06:28

The whole world's chipping them. You're going

1:06:31

to have these debates and you're going

1:06:33

to sit there at night going, do

1:06:35

I chip the kid or not? How

1:06:37

do you chip the kids? Did he

1:06:40

chip the kids? And I'm saying, this

1:06:42

is going to cause, as a society

1:06:44

and a civilization, we're not ready to

1:06:47

have that conversation yet. And by the

1:06:49

way, it's going to drive, just going

1:06:51

to drive politics. Look at Elon. in

1:06:54

Silicon Valley are taking the typical easy

1:06:56

way industrious have in the issue about

1:06:58

labor and about and about manufacturing instead

1:07:01

of still trying to do the great

1:07:03

American innovation and kind of the Tom

1:07:05

Peters management in search of excellence management

1:07:07

by wandering around like having the R&D

1:07:10

facility next to the manufacturing facility so

1:07:12

the engineers could walk to the floor

1:07:14

and see the artisans these guys and

1:07:17

get production you know better production experience

1:07:19

get down the learning curve. make things

1:07:21

better in American innovation was always our

1:07:24

greatest, was always our greatest. power, what

1:07:26

we did is we outsourced, we just

1:07:28

shipped the factories over to China because

1:07:31

you know why, for efficiency we want

1:07:33

cheaper labor. It's easier to do that.

1:07:35

We keep the R&D here and guess

1:07:37

what? It was never the same again.

1:07:40

But we got lower labor costs. You

1:07:42

either sent it to China or you

1:07:44

outsourced it to India. That was the

1:07:47

lazy way to do it and it

1:07:49

had a massive impact on manufacturing. The

1:07:51

same things happening in AI. that I'm

1:07:54

just going to use AI and blow

1:07:56

out everybody under 35 years old that's

1:07:58

in their first administrative manager or tech

1:08:01

job or I can use it as

1:08:03

an engine of innovation right to work

1:08:05

and right now we're taking the just

1:08:07

like the guys made the basic mistake

1:08:10

of doing the the the what I

1:08:12

call the the mass type of AI

1:08:14

which is the model that we're using

1:08:17

right which is machine learning in a

1:08:19

mass way that requires massive data centers

1:08:21

Massive replication massive energy that's like chat

1:08:24

cheapy PT and things like this versus

1:08:26

what deep seek is right which is

1:08:28

now deep seek is legit. Do you

1:08:31

think they were able to accomplish this

1:08:33

or do you think I'm not I'm

1:08:35

not we don't I am not smart

1:08:37

as no but I don't know either

1:08:40

here's what I would say it even

1:08:42

if it's a cyop we have to

1:08:44

I think assume for the purpose of

1:08:47

discussion going forward it may be a

1:08:49

sputnik or quasi sputnik moment in what

1:08:51

we're going to do about because now

1:08:54

we're in a horrible situation. Because now

1:08:56

the oligarchs come to us and say,

1:08:58

well, Bannon, how can you sit there

1:09:01

and say we should be broken up?

1:09:03

How can you want Lena Khan and

1:09:05

your Neobran dicey and how can you

1:09:07

want to break it up now more

1:09:10

than ever? We need to have national

1:09:12

champions. Now more than ever you must

1:09:14

make another fallacy and bargain. Is there

1:09:17

any point to that where they say

1:09:19

we need supremacy in that? They're saying

1:09:21

a technology sector. This is the $500

1:09:24

billion ballot. They turn to us and

1:09:26

say we need a mercury program. We

1:09:28

need a martial program. You need to

1:09:31

turn the national labs over there. Taxpayers

1:09:33

have to. They ain't putting it up

1:09:35

and there's a bunch of capitalists. They're

1:09:37

looking for a ballot. Anytime you hear

1:09:40

mercury program, any time you hear martial

1:09:42

program, understand that's coming out of your

1:09:44

paycheck. And is this similar in your

1:09:47

mind to when people say we need

1:09:49

to go into Iraq and into Afghanistan

1:09:51

and we need all this money? It's

1:09:54

the same thing as the bailout of

1:09:56

the banks. It's always looking for the

1:09:58

little and yes. And obviously going there,

1:10:01

the little guy pays for it. It's

1:10:03

your sons and daughters that are in

1:10:05

Iraq or Afghanistan. Then are doing it.

1:10:07

And you're paying it. And you're paying

1:10:10

for it. And not just your taxes.

1:10:12

Your private equity, remember, Zuckerberg and all

1:10:14

these guys came out of graduate schools,

1:10:17

they didn't have any money. The people

1:10:19

invested, Peter Teals were on people like

1:10:21

that. It's all pension fund money. So

1:10:24

it's Oregon State pension fund, it's CalPurs,

1:10:26

it's Alabama teachers fund. All of their

1:10:28

money, this is the Greek tragedy part

1:10:31

of this. The American working class and

1:10:33

middle class have essentially, through their work

1:10:35

and hard work and savings, right, has

1:10:37

paid for their own destruction. has paid

1:10:40

for, that's the Greek tragedy part of

1:10:42

it, your greatest strength was turned against

1:10:44

you, your ability to be a good

1:10:47

householder, your ability to actually have something,

1:10:49

your ability to pay your taxes on

1:10:51

a regular basis and have a little

1:10:54

something put away, that that's what the

1:10:56

venture capitalists and the hedge funds used

1:10:58

to ship the jobs overseas and destroy

1:11:01

not on your own economics. of your

1:11:03

personal life, but to make sure that

1:11:05

your children and grandchildren essentially live like

1:11:07

Russian serfs. That's the revolt that you're

1:11:10

seeing. Now people can't totally articulate. Number

1:11:12

one is the systems never explain to

1:11:14

you. You never explain to you, you

1:11:17

never explain to you, you never explain

1:11:19

how apparent capital here you can run

1:11:21

these massive deficits. Well how can it

1:11:24

be paid for? How can we have

1:11:26

this money machine called the Federal Reserve

1:11:28

that can just create money that can

1:11:31

just create money? with 125% of GDP

1:11:33

in debt with a trillion dollars being

1:11:35

added every hundred days and inflation is

1:11:37

not going to go away until you

1:11:40

stop this national federal spending. It's not

1:11:42

a supply chain issue anymore. It's too

1:11:44

many dollars stationed to few goods and

1:11:47

as we keep having these massive deficits.

1:11:49

the inflation is going to be embedded

1:11:51

in the system and is that we

1:11:54

have to refinance you're going to refinance

1:11:56

it at higher rates you're not going

1:11:58

to get rid of this inflation. It's

1:12:01

a death spiral. Two final questions. Is

1:12:03

it conflict in your mind with China

1:12:05

at some point inevitable? We've heard people

1:12:07

come on the news and they say

1:12:10

a conflict is within five to seven

1:12:12

years. Pentagon runs a study that says

1:12:14

within five to seven years now. Some

1:12:17

of this seems like it is based

1:12:19

on the need for more money and

1:12:21

more spending and more. Or is this

1:12:24

and you know more about China than

1:12:26

a lot of people and you've studied

1:12:28

and read about it. Is it going

1:12:31

to be military conflict? Is it going

1:12:33

to be an economic conflict? And this

1:12:35

is the book and I'll get your

1:12:37

copy. Under stricter warfare written by two

1:12:40

kernels back in the 90s off the

1:12:42

Gulf War. And what they said is

1:12:44

foreign devils are so sophisticated in... armaments

1:12:47

and particularly remote armaments and targeting that

1:12:49

we never want to get into a

1:12:51

shooting war with foreign devils that unrestricted

1:12:54

warfare will be cyber psychological political economic

1:12:56

we will do everything in fact they

1:12:58

announced in 2019 there's a people's war

1:13:01

the Chinese Communist Party is at war

1:13:03

with us today that's where you see

1:13:05

the mass infiltration to the United States

1:13:07

that's we see the taking of so

1:13:10

much of our technology we don't need

1:13:12

and Sunzoo tells them in their belief

1:13:14

The moment they have to go kinetic,

1:13:17

they feel they've already lost. Number one,

1:13:19

they don't want to fight the foreign

1:13:21

devils in a kinetic war, because they

1:13:24

understand one thing we can do is

1:13:26

get up on it and fucking blow

1:13:28

shit up and kill people, okay? We're

1:13:31

very good at that. They considered that

1:13:33

defeat. They wanted to defeat us beforehand.

1:13:35

My point. The only people that throw

1:13:37

off, think about that we allowed the

1:13:40

Chinese Communist Party, which is a dictatorship

1:13:42

that's killed a quarter of a billion

1:13:44

of their own people, right? Right. I

1:13:47

mean they make Stalin and Hitler look

1:13:49

like pikers. Okay, they've murdered in concentration

1:13:51

camp starvation through the cultural revolution, the

1:13:54

great leap forward, the collectivization, and today

1:13:56

the gulags they have, you know, a

1:13:58

quarter of a big... of their own

1:14:01

people. And the forced, if you can't,

1:14:03

the forced abortions, you had another

1:14:05

three or four hundred million

1:14:07

Chinese, particularly Chinese female babies.

1:14:10

So these people are murderous

1:14:12

dictatorship, yet we interact with

1:14:15

them, we're in business with them

1:14:17

like they're, like they're part of

1:14:19

the Kuanis Club. If you want

1:14:21

to support La Bajin, which the only

1:14:23

way they can be overthrown, that's

1:14:25

the, that's a name for old,

1:14:27

it's old hundred names, is a. a term

1:14:29

for the common man in China, common

1:14:32

man and woman. If you want Lao Bajin

1:14:34

to overthrow him, we just have to

1:14:36

do two things. You cut him off completely

1:14:39

from any access to American

1:14:41

capital. And I mean any. No stock

1:14:43

market, no equity, no lending, no

1:14:45

nothing. Zero. And you cut him

1:14:47

off 100% from American technology.

1:14:49

They will collapse, I believe, in

1:14:52

100 days. They cannot exist unless

1:14:54

they have access to American capital

1:14:56

or access to technology. This is why...

1:14:58

I'm one of the leaders of the

1:15:00

decoupling effort. Right? And President Trump, he

1:15:02

wrote an executive order on Friday and

1:15:05

signed it. That's probably the toughest thing

1:15:07

we've done about no involvement at all

1:15:09

with technology companies of any company that

1:15:11

goes Chinese military. It's the first time

1:15:13

we've really, somebody's put down the law.

1:15:15

That's the way you take care of

1:15:18

the Chinese Communist Party. If we don't do

1:15:20

that, I believe we'll be in a shooting war in

1:15:22

the South China Sea and around Taiwan in

1:15:24

five years, and people have to understand.

1:15:26

I don't care about your moral whether you

1:15:28

think you're supporting Taiwan for a democracy

1:15:30

or not. Advanced ship design, you know, 30 to

1:15:33

40 to 50 percent of our advanced chip design

1:15:35

comes from Taiwan. There's chip, and it's

1:15:37

not easily ruppable. The Koreans have tried

1:15:39

it, the Japanese have tried it. We're

1:15:41

trying to hear in the United States with the

1:15:43

chip act. We are 10 or 20 years

1:15:45

away from those plants. Advanced chip design is

1:15:47

both an art and a science. We don't

1:15:49

have it. They have it in those plants

1:15:51

in those plants in Taiwan. It's 80 miles

1:15:54

from the mainland China. It's a horrible situation.

1:15:56

President Trump thinks about it all the time.

1:15:58

You talk about the Pentagon. And I used to...

1:16:00

That's why I spent half of my career

1:16:02

at sea was there. The other half is

1:16:04

in the North Arabian Sea and Persian Gulf.

1:16:06

So I've steamed those waters. Right now,

1:16:08

there's not been a war game in

1:16:10

the Pentagon. They've put this out in

1:16:12

the last seven or eight years

1:16:14

that we've won defending Taiwan. And

1:16:17

they know that. And if they

1:16:19

take Taiwan, the American economy will

1:16:21

drop into a depression. They understand

1:16:23

that. That's why it's kind of a

1:16:25

standoff right now. But we have to get much

1:16:27

more aggressive. on the CCP or we're going to

1:16:29

pay for it and we do that by restricting

1:16:31

Wall Street and restricting Silicon

1:16:34

Valley from being in business

1:16:36

with them. The salutes that Elon I think

1:16:38

might have done one by mistake or you

1:16:40

did one these things that people are getting

1:16:43

very upset about you just got a lot

1:16:45

of press at CPAC or whatever it was.

1:16:47

I gave a motivational talk and I always

1:16:49

give a wave to the audience. What they

1:16:52

did is they took a nanosecond clip and

1:16:54

said Bannon throwing a Nazi or Roman

1:16:56

salute. They just came out today, Byron

1:16:58

New York over the Washington Examiner, came

1:17:01

out with a photo of, of, um, Kamala

1:17:03

Harris doing the same thing a couple years

1:17:05

ago, which she waved to the audience. So

1:17:07

this is just silly. No, but what they're

1:17:09

trying to, listen, the speech, I gave

1:17:11

the speech and said, because you go like this,

1:17:13

you go. But it's your probably way,

1:17:16

I'm waving to the crowd. Yes,

1:17:18

yes, yes, yes, yes, yes, yes,

1:17:20

yes, you wave, you're waving to

1:17:22

this. And by the way, the

1:17:25

French, yeah, with the French guy,

1:17:27

it's easy to do, you can

1:17:29

do it. With the French guy

1:17:31

that said he wouldn't come, they

1:17:33

had a thing, a front nationality,

1:17:36

where I talked to the

1:17:38

group seven years ago, I

1:17:40

did the exact same thing,

1:17:42

but. What they didn't want to do is cover

1:17:44

the speech in the speech I said the whole world's

1:17:46

media is there the same guy The whole world's

1:17:48

media is there. They're not there to see Bannon

1:17:50

right because they get enough of me yelling the

1:17:52

microphone four hours a day They get they get

1:17:54

Elon must they don't need more Elon must they

1:17:56

get you know right Elon all time. They don't

1:17:58

need Trump Trump's And so they're all

1:18:01

there to see these people. And I said,

1:18:03

you are the power. Trump, when Trump, so

1:18:05

far in their head, I said, and they're not

1:18:07

there for JD. They get enough of JD, too.

1:18:09

They came because they want to see where the

1:18:11

power in this country lies is with this

1:18:13

populist movement. And they can't

1:18:16

understand it. And they can't destroy what

1:18:18

they don't understand. And so they're all

1:18:20

there to see these people. And I said,

1:18:22

you are the power. When Trump

1:18:24

went back to Marlago, after they

1:18:26

stole the 2020, Hey, the entire

1:18:28

Republican Party abandoned him. Everybody was

1:18:30

deep bank, deep platform, all the

1:18:33

oligarchs kicking him off everywhere. It

1:18:35

was his base that said, fuck this, if

1:18:37

you're in, we're in. And when he said,

1:18:39

I'm in, understanding, and this was the

1:18:41

greatest moment of moral clarity in

1:18:44

one of the greatest profiles and

1:18:46

courage, you take Kennedy's book, read

1:18:48

them all, all eight examples, I think

1:18:50

you got 10 examples, they don't compare

1:18:52

to Trump. Trump understood. If

1:18:54

I do this. and are not a good little

1:18:57

boy and stay in Maralago and build more golf

1:18:59

courses and write my memos. If I come back and

1:19:01

try to reclaim the presidency that was

1:19:03

stolen from me, they will try to throw

1:19:05

me in prison, they'll try to bankrupt me,

1:19:08

they'll try to destroy my country. He understood...

1:19:10

Maybe they'll try to kill you. And eventually

1:19:13

try to kill you. He is the American

1:19:15

Cincinnatiis. This is his famous mythical Roman general

1:19:17

that went back and retired and when the

1:19:19

nation was having a crisis... right in a

1:19:21

war. They went to him and said you

1:19:24

got to come back and save us. Trump

1:19:26

came back and that's why it's General

1:19:28

Washington Lincoln and Trump. This will be

1:19:30

known as the age of Trump. And

1:19:32

here's the thing. They're not in history.

1:19:35

They're not going to give a fuck

1:19:37

about Elon Musk, Steve Benn and Tucker

1:19:39

Carlson, JD Vance. They're going to

1:19:41

care about Donald Trump and MAGA.

1:19:43

They're going to say this guy was

1:19:45

a billionaire that came and basically a

1:19:47

populist nationalist. movement that gave the country its

1:19:50

sovereignty back and gave the country its freedom

1:19:52

back and that's why and that's why

1:19:54

I think he's not only one of the

1:19:56

greatest presidents we've ever had he's one of

1:19:58

the two or three guys greatest Americans

1:20:00

we've ever had and this is why

1:20:02

I'm a huge proponent of trying to

1:20:04

see if he can't stick around as

1:20:07

long as possible because at least for

1:20:09

another term after this because well that

1:20:11

would require mending the Constitution well we'll

1:20:13

see about that was it no people

1:20:15

and people don't think it'll be too

1:20:17

old you know certainly won't be too

1:20:19

old is energy now is great energy

1:20:22

and short listen a guy like this

1:20:24

comes along once a century sure we

1:20:26

had one in the 18th century. But

1:20:28

he'd have to win again, right? I

1:20:30

mean, let's say you would be another

1:20:32

election. Yes. Because this is what people

1:20:34

tend to always stand up. No, no,

1:20:36

no, no. He would be winning more

1:20:38

elections. We're not concerned about that. We

1:20:40

think that this guy is on a

1:20:43

roll right now. We think we're building

1:20:45

our coalition. Now we have to

1:20:47

deliver. This is going to be

1:20:49

a firestorm on this capital about

1:20:51

spending, about taxes. And I'm a

1:20:53

big proponent that if we can't.

1:20:55

cut spending enough if there's not enough revenue

1:20:58

coming in from tariffs you're gonna tax to

1:21:00

rich attacks you're a sad and tax to

1:21:02

rich I said I said in the I

1:21:04

said in the oval in in 17 when

1:21:07

you know he had Gary Cohen Mnuchin and

1:21:09

Jared myself and I told the president

1:21:11

then you got to take the upper

1:21:13

bracket and we got increase the tax

1:21:16

bracket well here's what I'm saying is

1:21:18

that right now where does that start

1:21:20

before I get on board with this

1:21:22

hang on You're probably going to fall

1:21:24

into that no right now if you look

1:21:26

at no Steve if you look at the

1:21:29

four trees private planes are expensive if you

1:21:31

look at the four trillion dollars So if

1:21:33

we don't extend the tax cuts.

1:21:35

Yeah, right? There's basically as Scott

1:21:37

best that there's a four trillion

1:21:39

dollar tax increase coming if you take

1:21:42

couples filing together under four

1:21:44

hundred thousand dollars combined that

1:21:46

is essentially two point six trillion

1:21:48

of that Okay, so that covers, and

1:21:50

I would actually say increase that maybe

1:21:52

to 500,000. Then you have a couple hundred

1:21:54

billion for pass-throughs of entrepreneurs

1:21:57

with small companies. That leaves about

1:21:59

a trillion. dollars for the for the

1:22:01

for the top 5% or the top

1:22:03

3% and that so that those tax

1:22:06

cuts would not be renewed their taxes

1:22:08

would go back to the previous tax

1:22:10

yes and and I'm actually saying that

1:22:13

I'm I could get behind I could

1:22:15

say that's okay I could say that's

1:22:17

okay I appreciate that I mean I

1:22:19

don't I'm just saying I think is

1:22:22

there any way we could start taxes

1:22:24

after eight million dollars Well, they do

1:22:26

that now, think on estate taxes. And

1:22:29

let me give you one more piece

1:22:31

of news, though. That's in the existing

1:22:33

taxes we have today. So I'm a

1:22:36

proponent of President Trump is, too. No

1:22:38

tax on tips. No tax on overtime.

1:22:40

No tax on first responders, military veterans,

1:22:42

etc. Right wing broadcasters. No tax on

1:22:45

Social Security. That adds up. When you

1:22:47

accumulate. That's about another trillion dollars. Okay.

1:22:49

So our gap goes from two to

1:22:52

three trillion. Gotcha. And so we got

1:22:54

to close that. And my point is

1:22:56

the best way to incentivize the oligarchs

1:22:58

and the wealthy and the lords of

1:23:01

easy money on Wall Street to help

1:23:03

us cut spending is they've got to

1:23:05

get in back of because the puppets

1:23:08

here in DC respond to those guys.

1:23:10

You've got to have your lobby issue.

1:23:12

You've got to have everybody help us

1:23:14

work on cutting spending. Not only may

1:23:17

you not get, in my view, not

1:23:19

get the extension of the tax cut,

1:23:21

I think you got to talk taxes

1:23:24

on financial transactions, taxes on you got

1:23:26

to kill the carried interest. You have

1:23:28

to kill all these games. They should

1:23:31

have killed a long time ago. No

1:23:33

one's killed. Chuck Schumer and everybody. It's

1:23:35

not. And by the way, the Democrats

1:23:37

always fold. Remember, in the first hundred

1:23:40

days, the show what funnies are, in

1:23:42

the first hundred days of Biden's regime.

1:23:44

They came out with all this tax

1:23:47

on billionaires remember that they had a

1:23:49

program tax on billionaires in their even

1:23:51

got through a committee. They just, because

1:23:53

the Democratic Party is controlled by, by,

1:23:56

by, by billionaires. And so this is,

1:23:58

I think, where we got to get,

1:24:00

we got to get tough. I just

1:24:03

saw a poll today that 50% of

1:24:05

Republican voters, President Trump's support, is 50%

1:24:07

agree that if we got to close

1:24:09

this gap, that they support taxing the

1:24:12

wealthy. I just think it's, I think

1:24:14

it's just going to happen. And, um,

1:24:16

to me, it's just like, I'm not

1:24:19

against it. We should care for I've

1:24:21

always said listen I lived in California

1:24:23

for many years pay high taxes And

1:24:26

I said if if I was living

1:24:28

in a place Where it was nice

1:24:30

and I and people were being supported

1:24:32

and cared for with the money It's

1:24:35

great, but if I'm paying 13 and

1:24:37

a half percent of my money and

1:24:39

someone is using the bathroom in the

1:24:42

middle of the parkway I'm having I'm

1:24:44

asking questions Like Bill Maher and others,

1:24:46

so finally started to wake up to

1:24:48

the fact after the Palisades debacle of

1:24:51

exactly what you're paying for. Listen, I'm

1:24:53

not for higher taxes. What I'm for

1:24:55

is physical sanity. We're in a financial

1:24:58

crisis. If we can't, if President Trump's

1:25:00

geoeconomics on tariff, because he doesn't think

1:25:02

of tariffs as a 25% tariff on

1:25:04

a Mexican avocado or some under the

1:25:07

hood part from Canada, he looks at

1:25:09

it as we have a premium market.

1:25:11

that's basically supported and made robust by

1:25:14

working class people. You have to, if

1:25:16

you want to get through the golden

1:25:18

door, you got to pay a premium.

1:25:21

Like you get a skybox at a

1:25:23

sporting event or front row ticket to

1:25:25

a concert, you either move your manufacturing

1:25:27

here and create jobs or you're going

1:25:30

to pay a price for it. He

1:25:32

believes, I think, like Navarre, eventually a

1:25:34

third of our total revenue can come

1:25:37

from external sources, not internal. But if

1:25:39

we can't, you know, you know, cut

1:25:41

spending, Get more duties fees and tariffs

1:25:43

from outside sources. That gap at two

1:25:46

trillion dollars is not sustainable and is

1:25:48

just going to keep... driving inflation. It's

1:25:50

got to be cut. If you want

1:25:53

to get under trained dollars, Indoge doesn't

1:25:55

come up with those types of cuts,

1:25:57

which I think right now is still

1:25:59

to be seen. There is ways for

1:26:02

an abuse, but we can't get to

1:26:04

those cuts. Eventually, you have to get

1:26:06

additional revenues. There's revenues to me should

1:26:09

come from financial transactions, carried interest, others,

1:26:11

and obviously the wealthy that can have

1:26:13

made up so well. from the 2008

1:26:16

collapse. I mean, we've created more wealth

1:26:18

for them. The Wall Street Journal today

1:26:20

just has a report out that the

1:26:22

entire economy, you know, 70% of us,

1:26:25

or a third of the purchasing power,

1:26:27

but 70% of the overall is driven

1:26:29

by the top 3%, people making more

1:26:32

than $350,000 a year, I think. That's

1:26:34

not, we can't continue into that system.

1:26:36

No, that makes sense. We have a

1:26:38

capitalist system with no capitalist. Think about

1:26:41

it. 70% of the people in this

1:26:43

country don't own financial or real assets,

1:26:45

right? You have to, they have to

1:26:48

have a piece of the action. If

1:26:50

you have everybody the piece of the

1:26:52

action, and this is not socialism, they're

1:26:54

not, these people, no, this is fairness.

1:26:57

It's also practical. President Trump keeps saying

1:26:59

it's a revolution of common sense. Common

1:27:01

sense means... Let's get everybody be a

1:27:04

capitalist. Let's get everybody be an owner

1:27:06

of something. Financial assets, real assets. Skin

1:27:08

in the game. Care about the community.

1:27:11

Care about the community. Once you incentivize

1:27:13

people with actual ownership, you create a

1:27:15

capitalist system. Right now we have a

1:27:17

oligarchic system. Yes. Right. That's a huge

1:27:20

government. A handful of players in each

1:27:22

industry, whether it's media, whether it's defense

1:27:24

contracting, with big pharma, health, the oligarchs

1:27:27

in Silicon County Valley that have elite

1:27:29

merger or elite merger or elite capture.

1:27:31

Right? A regulatory capture. This has to

1:27:33

be broken apart and they're just not

1:27:36

going to sit there and say, oh,

1:27:38

this is brilliant. Why didn't we think

1:27:40

of that? We'll just talk to you

1:27:43

the keys. Every day is going to

1:27:45

be a fight. And we're asking people

1:27:47

in your audience as you become awakened

1:27:49

to what reality is. You know, understand,

1:27:52

they're always going to try to, oh,

1:27:54

it's not. these guys are nativeists or

1:27:56

they're races. We're everything, we're anything but,

1:27:59

we're saying that the greatest resource this

1:28:01

country has ever had, ever had, is

1:28:03

its people, particularly working class and middle

1:28:06

class people. It is what has created

1:28:08

more value, more wealth, freed more people

1:28:10

than any nation in the history of

1:28:12

the earth. And what we have to

1:28:15

do is make sure that they're incentivized

1:28:17

and rewarded for that. And if we

1:28:19

do that, this thing is going to

1:28:22

thrive like nobody's business. Steve Bannon, thank

1:28:24

you so much for coming on. You

1:28:26

got Trump elected. Can you get me

1:28:28

elected to the, to the, uh, I

1:28:31

didn't get Trump, Trump get himself. Well,

1:28:33

yeah, but you, you, you were instrumental

1:28:35

in it. I had a, could you,

1:28:38

could you make me the mayor of

1:28:40

the Pacific Palisades? First off, first off,

1:28:42

I'm still going to work on your

1:28:44

thing. You want to opt in for

1:28:47

the, for the no tax cuts for

1:28:49

the podcasters, right. All these guys. All

1:28:51

these guys bitch and moan when they

1:28:54

got here, they weren't paid enough and

1:28:56

you were... They all bitch and moan,

1:28:58

I'm telling you, the podcasters are the

1:29:01

most suffering. I mean, yes, the working

1:29:03

class and whatever, and Ukraine, I can't

1:29:05

hear about that anymore. The podcasters, we're

1:29:07

spending the money, you know? All right,

1:29:10

thank you, Steve Bannon, thank you for

1:29:12

coming, I appreciate it. Thank you, thank

1:29:14

you, for having you so much.