April 4, 2025 • 48 mins
THE WAR ROOM WITH STEPHEN K. BANNON
GUESTS:
COL RET. JOHN MILLS
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Speaker 1 (00:00):
Is now hitting back, retaliating against the Trump tariffs, announcing
this morning it is now slapping a reciprocal thirty four
percent tariff on all US goods with stock futures.
Speaker 2 (00:12):
I mean, this is not looking good.
Speaker 1 (00:14):
The next piece of data that investors and beyond are
also going to be looking at this morning as the
March jobs report it comes out next hour today, labor
data has painted a picture of a jobs market that's.
Speaker 2 (00:24):
Cooling but not contracting. Is that all about to change?
Speaker 3 (00:28):
Absolutely?
Speaker 4 (00:29):
I mean we're looking at absolutely brutal reaction from the
markets yesterday, and it could easily get a lot worse
today because we are starting to see the beginning of
the retaliation and there's no way of putting it. We
are sliding into a major trade war. And the last
time we saw anything like this was almost one hundred
(00:49):
years ago, back in the nineteen thirties, when we had
a wave of protectionism and populism and patriotism and nice
word for nationalism that ended very badly. So Frank looking
back to the future right now, is a very good
guy to what's happening.
Speaker 5 (01:04):
I want to read to you something that Steve Bannon
told the Wall Street Journal that he said, when it
comes to negotiating with other countries, every day will be
like Christmas.
Speaker 2 (01:12):
At the end of the day.
Speaker 5 (01:13):
What really excites him is talking about a deal with Canada,
having wig Cough update him on Russia, and then whatever
small wins he gets, they're going to act like it's
a big giant win and run a victory lap. That's
all great for the show.
Speaker 2 (01:26):
And this goes back to what I said.
Speaker 5 (01:28):
Donald Trump is great at the show and the performance.
But we could see businesses be forced to restructure.
Speaker 2 (01:35):
Right.
Speaker 5 (01:35):
Think about any business justin that's in a shopping mall. Right,
where are all the products made at those stores overseas?
And right now they're going to be crippled. It's not
just like they're going to have to change the price tags.
They're going to be putting signs in the windows twenty
five percent more expensive.
Speaker 2 (01:51):
Why tariffs?
Speaker 6 (01:53):
Yeah, I mean so Trump claims day's a reciprocal tariffs.
Speaker 2 (01:58):
And that sort of say.
Speaker 6 (02:00):
Is he says, you know, we're getting ripped off. So therefore,
in Trump's mind, the stakes here are really high that
if he strikes a deal, he'll be able to stop
us getting ripped off. The problem with that is it
simply isn't true. Most of our trading partners have average
tariff rates of one to two percent.
Speaker 3 (02:16):
Trump is about to move the United States to twenty percent.
Speaker 6 (02:20):
We will have tenfold higher tariff rates than any other country.
Even if he strikes all the best deals in the world,
he'll be only able to reduce tariff rates by one
to two percent, because that's all they currently are. He's
starting a fight where there's no table stakes.
Speaker 2 (02:36):
When you win.
Speaker 7 (02:37):
Let me kind of give you the economist tools because
it's based on concepts like export and important demand elasticity's
currency adjustments and things like that. But here's here's the
analytical issue we're trying to do. Under the principle that
the president wants to charge those countries.
Speaker 2 (02:58):
What they charge us.
Speaker 7 (02:59):
As you point out out, Vietnam has a non terriff
applied teriff, right, it's much larger than ours, but doesn't
come near the terriff we charge them. So question is
how do you value the following phil So let me
count the ways you got to value currency manipulation.
Speaker 3 (03:18):
You got to value the.
Speaker 7 (03:19):
Vat tax distortions, dumping, exports, subsidies, technical barriers to trade,
agricultural barriers, to trade quotas, bands, counterfeiting, intellectual property theft,
and all of that.
Speaker 3 (03:33):
So here's the punchline.
Speaker 7 (03:35):
If you look at the trade deficit which every country
runs from us, the first thing economists should tell you
ask the next one you have on your show. Shouldn't
you and have chronic and sustain trade deficits. No, there's
According to economic theory, they should not. So what the
trade deficit does for any given country, It's the sum
of all cheating, It's the sum of all.
Speaker 3 (03:57):
Unfair trade practices.
Speaker 7 (03:59):
And in a national emergency, where the trade deficit itself
is the national emergency and security thread because it takes
our factories, our jobs, and transfers wealth abroad, the reciprocal
tariff is that which reduces the trade deficit with each cost.
Speaker 3 (04:16):
I actually here problem.
Speaker 8 (04:17):
This is just Trump gone hauled wild, willy nilly. Nobody
knows what's going on, even at the White House. I mean,
when they announced this, Trump and the roast gard and
had his whole chart next to him. Fair enough, let's
look at the tariff chart. But go pull up the
White House website and you'll see something totally different. On
tariff numbers they don't know what they're doing. We are
(04:40):
dealing with a dangerous amateur hour in this White House,
and everybody's lives are going to be affected by this
because if this kicks in like we think, you're going
to see prices of smartphones go up. Produce avocados is
the one people are mainly focused on. But any kind
of you know, eric medicine that you might need to
(05:01):
have a cheaper type of prescription then you would get
normally from your pharmacy. Once you go on and on,
this could unravel and nobody has confidence that Trump really
knows what he's doing. He just wants to do something
audacious and big.
Speaker 9 (05:17):
I can tell you this right now, what we're seeing
was positive. It was we blew it out of the water.
Even all the economists that looked.
Speaker 2 (05:24):
At this thought we.
Speaker 9 (05:25):
Were going to have a depressed jobs report and we didn't.
So that's a testament to the president the economic output
that he is doing. Look at the Rose garden that
we had the other day.
Speaker 2 (05:34):
Who was in the audience. It was all the American workers.
Speaker 9 (05:37):
We had our Team Shirs there, we had our United
Auto Workers there. We're seeing those investments pay off, and
I would expect that to continue.
Speaker 3 (05:46):
This is the primal screen of a dying regime.
Speaker 10 (05:51):
Pray for our enemies because we're going to medieval on
These people here got a free shot.
Speaker 3 (05:57):
All these networks lying about the people. The people have
pad a belly full of it. I know you don't
like hearing that. I know you've tried to do everything
in the world to stop that, but you're not going
to stop it. It's going to happen.
Speaker 2 (06:07):
And where do people like that go to share the
big line? Mega media?
Speaker 10 (06:12):
I wish in my soul, I wish that any of
these people had a conscience.
Speaker 3 (06:18):
Ask yourself, what is my task and what is my purpose?
Speaker 11 (06:21):
If that answer is to save my country, this country.
Speaker 3 (06:26):
Will be saved. War Room, use your host, Stephen k Back.
Speaker 10 (06:35):
It's Friday for April in the year of Alert twenty
twenty five. Day two gets us the morning of the
morning after.
Speaker 3 (06:45):
The war Room.
Speaker 10 (06:45):
Engine Room Today reported that CNBC called it the fog
of tariffs. I have to pull that club. It's not
so foggy here. I'm just going to see this thing
through a complete total reorganization of the world's economic system,
trading system, and at the same time a reordering of
the world's geopolitical or geostrategic by one man, Donald Trump,
(07:12):
that is executing this today, just put out another tweet, Hey,
for everybody investing in the United States, I'm rock hard
here on policy, not going to move. We're dug in,
my sources tell me, and we're fairly dialed in at
these countries around the world. They're signing up people like
(07:33):
crazy to come to Washington, d C. To surrender and
say yes, may a coopa, may a coopa, may a
maximum coopa.
Speaker 3 (07:40):
We are we are, we are.
Speaker 10 (07:44):
Wrong to have not just tariffs king look of terriffs,
but the non tariff barriers to stop American goods being sold.
Just go around the world. If you travel around the world,
how many how many UH cars you see in Japan?
Speaker 5 (08:01):
None?
Speaker 3 (08:01):
How many American cars see in career? None?
Speaker 10 (08:04):
How many American cars you see in Europe very few,
next to none. How many in Germany definitely none?
Speaker 3 (08:11):
Speaking of career, And get to that in a moment.
Speaker 10 (08:15):
The judicial insurrections, just not in federal court in Washington,
d C. Where a judge who should we should start
impeachment hearings next week, is trying to insert himself between
the commander in chief and the commander in chiefs responsibilities
South Korea. They removed the president last night. I would
certainly hope that somebody in the State Department, somebody the
(08:37):
Defense Department is on is on watch here. I would
argue that the South Koreans are one of our principal allies,
and we're going to lose the South Korean Peninsula and
all those good folks. And I don't know twenty eight
thousand American troops that are there.
Speaker 3 (08:59):
More than that.
Speaker 10 (09:00):
In a moment, we're gonna play a clip and then
bring in Colonel John Mills. Sherlikum is gonna be in
later as a businessman, a guy that had his life
turned upside down because of this, and he's asked for
us to sustain terraffs, whatever the number is.
Speaker 3 (09:13):
He loves President Trump's.
Speaker 10 (09:14):
Plan, but as all small businessmen, and we can revitalize
this country with small and medium sized manufacturing. It can
be done, and it will be done if you stick,
if you just hold the line, don't let that. Don't
let the melt down on Wall Street because it's temporary.
Speaker 3 (09:34):
It's all good.
Speaker 10 (09:35):
It's been quite orderly, and you got Katie Terry get
all these people running around.
Speaker 3 (09:41):
They're trying to instigate a crash. You know this. They
think this is their new way to take out Trump.
Speaker 10 (09:45):
They can't get in on the signal chat, they can't
do it in the streets. They can't do it the
tel dealerships. Everything they do is not to help the country.
It's to it's to take on Trumpe. One thing is
quite evident is Ezra Klein's book Abundance, which I think
comes to these kind of weird and wrong conclusions, but
(10:07):
it's quite brilliant in its analysis of the credential class,
what the Democratic Party's becoming to the credential class.
Speaker 3 (10:13):
And you see it right here in tariffs.
Speaker 10 (10:16):
You never see the working through of how this helps
America and American workers. All you have is running around
repeating the same talking points that the Wall Street crowd
wants to give it to you. I don't know if
you have it the New York Times, I think it
got to you. The New York Times article they exposed
themselves to their big article. Their lead article about this
whole thing is how a house essentially a house for millionaires,
(10:40):
How a house for millionaires is going to cost more
because Trump's tariffs means that either the goods from overseas
that we shouldn't be using to build these houses is
going to cost more, or it's going to come back
to the United States. And oh, by the way, they
(11:00):
throw in they say, not just the goods, but then
they throw in the twenty five percent of the construction
industries illegal alien slaves. And they imply in the article
that's all good. This is why in the Rose Garden
you had union people, union people cheering on President Trump.
(11:27):
The trade deficit accumulate. Our debt is thirty seven trade
and thirty eight t exploding every day because they're not
dealing with it. And oh, by the way, elon, before
you leave town, I just need you to check in
and show me where the trading dollars of cuts are.
We're your biggest supporters, we're your biggest supporters. We need
to see set it the other day, trading dollars this year.
(11:49):
I need to see that. This is urgent. It's an
urgent request. We need to see it and for cash
for town. Pambondi, our brothers and sisters over the Justice Department,
will you please start just announce you got a grand jury.
It's a tree dollars in fraud, Just give me a name.
This is like now our version. We have to own this.
(12:11):
This is our version. We got to own it. Folks,
we're saying it's tree dolls and in fraud and wasted.
You're all these mean guys are running around, They're calling
call hey, I'm all good, I'm all good.
Speaker 3 (12:23):
We need the trade dollars a cut.
Speaker 10 (12:25):
I need to see Russ vote or somebody actually sign off.
And in pound, let's have anything doing pound wherever that
money went boom and pounded. And I need to see
one name, just like in HB one visas of the
mains that are here, show me one one visa, one
that's more educated or has more work experience for the
billet they took. Please show me that same for us.
(12:46):
Let's have a cell phone here, yo, cash, Yo Pam.
Can I have one name, just one, give me one name.
On fraud, there should be men's names, and we want them.
All that has to happen. If you've stolen this money
from taxpayers, everybody in the chain of command ought to
be indicted, and the people that actually took the money
(13:07):
ended up with ought to be indicted. Got to do it.
So the thirty seven train of debt. But remember the
other big number that's industrictly linked. Wall Street never wants
to talk about. If you google, something is not easy
to find. That's on purpose, Like google total medicaid spending.
Speaker 3 (13:24):
You can't find it.
Speaker 10 (13:25):
You got to go to like nine places and do
all kind of backflips. It's like what the White House
had to do with the reciprocal terrorists. The globalists don't
want to put that up there. The trade deficiency is
since China came in, since we allowed China most Favored
Nation and World Trade Organization eighteen tradion dollars, the United
States eighteen trading dollars sixty two percent.
Speaker 3 (13:48):
I think of our.
Speaker 10 (13:49):
GDP twenty five tradeing dollars if you take it from
when the first trade deficit occurred in nineteen seventy four,
man oh Man, Nixon, Carter Watergate, all of it, the
arab olmbargo going off the gold standard, starting the trade
deficits seventies time of turmoil. Took Ronald Reagan and Paul
(14:12):
Volker to sort that thing out. Now we got Scott
Bessant and President Trump. The fog of tariffs. Trump is
not going to blink. You're going to see the world's blinking.
And the more they throw Jillian ted A the ft
up there and she's her hair is on fire, and
that's the worst thing. I'll play that again. This is
(14:32):
the worst populism. And then Smoot Harley. How many times
is it going to beat the horse of Smoot Harley
to death? It's a different error, different deal. President Trump
enforcing his will, That's what this is about. This is
a test of wills. Right now, folks, maga, are you
up on the ramparts?
Speaker 3 (14:53):
We got his back. Short break.
Speaker 10 (14:57):
We're going to discuss that next confuse your host Stephen
came back. Okay, I just gave that truck for the
New York Times. Let's let's tell you what. Let's play
the clip. Let's play the clip we're gonna produce your life.
Let's play the clip we just played in the last
segment on the jobs thing. Tell me when it's ready,
just hang, just tell me when it's ready. The President
(15:20):
Trump's dug in his true social I want to thank
the great Matt Boyle give me a heads up on this,
because we've been juggling a lot of balls here in
the war room this morning. Trump is dug in as
he should be dug in. Let's play this clip. This
is from the Department of Labor today over at I
think they're on CNBC early this morning.
Speaker 3 (15:42):
Play quick one and we'll come back.
Speaker 9 (15:44):
I can tell you this right now, what we're seeing
was positive. It was we blew it out of the water.
Even all the economists that looked at this thought we
were going to have a depressed jobs report and we didn't.
So that's a testament to the president, the economic output
that he is doing.
Speaker 2 (15:59):
Look at the Rose and that we had the other day.
Who was in the audience. It was all the American workers.
Speaker 9 (16:04):
We had our Team Stirs there, we had our United
Auto Workers there. We're seeing those investments pay off and
I would expect that to continue.
Speaker 3 (16:12):
Okay, a blowout number.
Speaker 10 (16:13):
President Trump is putting up true socials this morning, you know,
reinforcing he's dug in here in the reciprocity.
Speaker 3 (16:22):
In the market.
Speaker 10 (16:23):
You know it's down, but hey, it's it's people got
to think through a lot of this is juice, the Dolgons, industrials,
juice by the Max seven.
Speaker 3 (16:31):
It's all.
Speaker 10 (16:32):
It's all the AI hype in big tech oligarchs. Excuse me,
that's not mainstream, that's not the country. What President Trump
is doing is fundamental to this nation. You can't live
with a twenty five three dollars trade deficit. That's money
twenty five trillion dollars has gone out of this nation
(16:52):
to buy goods from foreign sources that gained the system,
principally in China. And eight the deficit since China's come
in is in the early two thousands. Think formerly all
in is is eighteen trillion dollars. I have on Getter
this morning. If you haven't gotten Ghetter, it's a free app.
(17:12):
Go together, because this is where I'm putting up stuff
all night. If we can pull that. A Warren Buffett
article The Oracle Omaha in two thousand and three, when
the trade episode was virtually it was big, but it
was nothing compared to today, saying it's the end of
the country unless we take care of this. Ezra Klein's
(17:34):
book says the Democrat the credential class are like those
little kids in school. Remember in grade school, all the
suck ups and I'm sorry, this sat in the front
of the class and teacher, teacher, teacher, It's all about
processes and the turnaround.
Speaker 3 (17:46):
Hey Bannon's you.
Speaker 10 (17:47):
Know, goofing off in the back. That's what the Democrat
Party is. He's a little thing, you know. Oh you
got a signal and you got the terrible running around.
It's all processed to them. If you outside of their bandwidth,
what they understand is the process, and their bandwidth is
quite tight and tiny and only thinks of citizens of
(18:10):
the world. We want every nation to thrive and prosper,
but not at the expense of American workers. That's the
system we have today that the top one percent or
the top three percent gleaned it all, because that's the
connective tissue to the globalist apparatus they have set up
(18:30):
and let evolve to the detriment of this country. That
is the raisindetra of Donald John Trump. This is the
core of his being. This is why he ran for
public office. This is why he didn't flinch when they
came after him to throw him in prison. This is
(18:52):
why I didn't flinch when they brought the phony charges
about him, you know, assaulting women. This is why he
didn't flinch when they tried to bankrupt him. This is
why he's never flinched. He's an armor piercing shell. He
has gone to the globalist apparatus and hammer them trauma
(19:15):
inducing hammering. They're not even making any sense when you
see on TV and you got Financial Times in New
York Times, and it's all a taro babbel, it's all gobbledy.
Speaker 3 (19:28):
Gook it is.
Speaker 10 (19:29):
My beloved mother used to say, they can't even get
their narrative. It's just he's done something different. And then
the Rose Garden who stepped up to the mic, a
union guy, a union guy. If we can go to
(19:50):
get if we can go to my getter Bloomberg. Now
Bloomberg has two Bloomberg has three things, and Michael Bloomberg's
worth I don't know eight BA and I was a
hundred billion dollars.
Speaker 3 (20:00):
Because he's a bond trader. He's got an idea. His
big idea is what about if we put.
Speaker 10 (20:06):
All the information on Earth that comes across this thing
called the wire and later the Internet, right on a terminal.
So a bond trader that has to make decisions in
a moment, in a moment's notice about what's happening in
the world. By the way, the ten year Treasury is
at under four percent. Gold's backed off a little. That's
(20:27):
one of the reasons I think you can tell that
it's not a total meltdown. Otherwise they'd be pounding in
gold like nobody's business on the Bloomberg's got three. He's
got the TV. If you ever want to see news,
the one we monitor the most, msnbceing Bloomberg TV.
Speaker 3 (20:44):
Bloomberg TV.
Speaker 10 (20:45):
I love if you ever feel lone in want companionship,
you know, the middle of the night and you know,
maybe the bad habits you want to get away from,
maybe having another beer, doing whatever you're doing, have another
piece of chocolate cake cut On bloomber TV. It's twenty
four hour news. Now it's business news, but it's covering
the news twenty four seven. It's actually like you're sitting
(21:07):
in the situation room. You get twenty four seven Asian
markets open, European markets open, then the back to the
United States.
Speaker 3 (21:13):
It starts to cycle over again. He's got that.
Speaker 10 (21:16):
He's got the Bloomberg News and opinion and all those
sorts of things. Right the other day, Josh Green over
Bloomberg News, who covers President Trump in the White House
moderated the panel. I was on.
Speaker 3 (21:31):
But then you have what it's called.
Speaker 10 (21:33):
The terminal, and the terminal gets information to the people.
Pay a ton for the terminal. Don't know, it's one
hundred thousand bucks a month or so. It's an outrageous number.
And this is why Bloomberg's with one hundred million dollars.
It's the terminal to the bond traders, and it connects
all the capital markets in the world.
Speaker 3 (21:50):
Every desk that's important in the world has connected to this.
Speaker 10 (21:52):
So if you're on the terminal news, the Bloomberg people
who are curating this and want to make sure that
get paid that one hundred thousand dollars on each terminal,
make sure that this news is meaningful to reality, meaningful
to reality, So they don't put a lot of opinion
(22:13):
up there. This is hard news that people can take
and they can absorb it. And lo and behold what
is up on the Bloomberg terminal today?
Speaker 3 (22:25):
Lordy, lordy, LORDI.
Speaker 10 (22:28):
Republicans are looking at a good old fashioned tax increase
for the wealthy.
Speaker 3 (22:34):
Yo.
Speaker 10 (22:35):
And you know why, people behind the scenes are working
the numbers, and there's this gap to tradion dollars.
Speaker 3 (22:42):
We understand that.
Speaker 10 (22:43):
And Elon's supposed to bring in a tradeing of waste
for ourn abuse.
Speaker 3 (22:47):
God bless you. We're waiting for it.
Speaker 10 (22:50):
Howard Lutnik said, I'm going to generate a trellion dollars in.
Speaker 3 (22:55):
Terriffies.
Speaker 10 (22:56):
Not so sure that's going to happen, but Novar says
it could be one hundred billion this year.
Speaker 3 (23:00):
Whatever the number is going to be something.
Speaker 10 (23:02):
Okay, Scott best and those guys got a growth rate
in there, and the growth and even with the current
tax structure boom, but also the cutting taxes and no
tax on tips, supposed to be, no tax on overtime, right,
no tax on bonuses, and the big one, no tax
on your social security.
Speaker 3 (23:19):
So that leaves in a bigger gap at the end
of the day. You got to close it somehow.
Speaker 10 (23:24):
And they're talking about for either the top bracket doing
what's called a snapback back to I think the thirty
nine percent, or setting up a new category of if
you make a million bucks a year or more.
Speaker 3 (23:36):
You have a different tax rate. My point.
Speaker 10 (23:40):
In the last forty eight hours, Donald Trump and the
Republican Party have put forward a plan of not terrorists,
but an economic plan.
Speaker 3 (23:53):
To revitalize this nation.
Speaker 10 (23:57):
As a major manufacturing superpower, and to revitalize her citizens
with well paying, meaningful careers.
Speaker 3 (24:10):
Not just jobs careers.
Speaker 10 (24:14):
And that a young person wouldn't have to go to college,
to an indoctrination center and get some DEI approved degree
and take out hundreds of thousands of dollars loans that
you can't pay back because you don't. You can't get
a job with that crap. You just become part of
the whiny credential class. They're going to sit around and
whine all day to Starbucks, look to get into trouble,
(24:39):
and at the same time understand the fact that the wealthy,
the top one percent, the top three percent, have got
to pitch in here and help us cut this deficit.
You got to back off your lobbyist. You've got to
sit there and say, hey, these cuts have to happen.
Speaker 3 (24:55):
And if not, and we need more.
Speaker 10 (24:58):
Tax cuts for the working class and middle class, particularly
no tax on Social Security, then.
Speaker 3 (25:05):
You got to plug the gap. You have to plug
the gap.
Speaker 10 (25:10):
In forty eight hours, the Republican Party has put in
let me say this differently, Donald Trump has put in tariffs.
I haven't seen a big chorus, you know, Mike Johnson
in the crowd over at the house.
Speaker 3 (25:21):
I haven't really seen a show of force.
Speaker 10 (25:25):
Like you know the time when they want something and
they want a tax cut for their donors. They all
get on the Capitol steps and there's like, you know,
four hundred of them, I guess two hundred and twenty
of them. They're all up there for a group shot
like it's for you know, it's the last day of
third grade and you're getting your class picture. Mike Johnson
is sitting there, Pollypock's sitting in a big oldhead of
his smiling that goofball smile. Don't see a big chorus
(25:51):
coming out for the Terriffs. They're still working through that
Austrian economics playbook. Wow did Milton Friedman say this? The
on Ran say this? We got it from And I
love Rand Paul. He's a good man. He gave you
the old libertarian Cato Institute Coke. We know we want
(26:11):
open borders on labor, and we want open borders on capital.
Speaker 3 (26:14):
We want open.
Speaker 10 (26:15):
Borders on product. Get you have a great country. If
you do that, Ran, they'll be lovely. They'll be lovely.
Speaker 3 (26:21):
Brother. Why is that stuff all coming to Kentucky?
Speaker 10 (26:25):
McConnell, Ran Paul, and I love Rand Paul, but got
to get his mind right on economics.
Speaker 3 (26:32):
Tax increases for the wealthy on the Bloomberg terminal.
Speaker 10 (26:37):
That means it's kind of a fact, not saying it's
going to happen, but they're giving him a heads up
that this thing is in the works. Lordie, Lordie, lordie,
who to thunk it on a Friday in the war room?
Short commercial break back in a moment.
Speaker 4 (26:59):
And we'll look absolutely brutal reaction from the markets yesterday,
and it could easily get a lot worse today because
we are starting to see the beginning of the retaliation
and there's no way of putting it. We are sliding
into a major trade war. And the last time we
saw anything like this was almost one hundred years ago,
(27:20):
back in the nineteen thirties, when we had a wave
of protectionism and populism and patriotism a nice word for
nationalism that ended very badly. So, frankly, looking back to
the future right now is a very good guide to
what's happening. Yeah, absolutely, I mean, essentially, Donald Trump and
his team is indeed trying to reconfigure the global trading, financial,
(27:43):
economic and tech system. Can you succeed well, he can
certainly smash things up dramatically. He's essentially already smashed up
a very carefully constructed passion of collaboration that was creating
in the last five decades. And in many ways, we
are going back to the nineteen thirties, because it's worth
remembering that when we had the explosion of protectionism in
(28:03):
the nineteen thirties, that came after another long period of
globalization before World War One, that went dramatically into reverse
after that with tragic consequences. So we have to hope
that history isn't repeating itself this time round. But the
key boy I want to make, which I covered in
my book this morning, is that, essentially in my column
this morning, we're used to analyzing trade through the lens
(28:25):
of neoliberal economics people like Adam Smith and David Ricardo.
That doesn't work anymore. We have to go back and
look at the current policy framework, frankly, using the tools
from the nineteen thirties. And there's writers economists like Albert
Hirschman who looked at power politics and bullying, which is
much more relevant to understanding what's happening today.
Speaker 10 (28:47):
Power Okay, the Financial Times of London. That's Jalli and Ted.
Wonderful person. She's just wrong about everything. I mean, she's
bringing on currency, but on this world world real from
Trump trade.
Speaker 3 (29:02):
Shock, she said, carefully constructed, carefully constructed. You're correct, ma'am,
carefully constructed.
Speaker 10 (29:10):
In the last four or five decades, did I mention
we have a twenty five trillion dollar trade deficit?
Speaker 3 (29:15):
Why has that never talked about? The person used to
talk about.
Speaker 10 (29:19):
That all the time was lou Dobbs, and he said
the day was coming that you were not going to
manufacture anything in this country, and working class people were
going to work three jobs, and you're going to have
what I don't know, ten fifteen to twenty million men
not even looking for work anymore. You're gonna be important
at all, and they're gonna play games like nafta thing.
(29:39):
Will let it make it right south of the border,
Mexico's drive it right out. The day's over. This is
the core of President Trump, of why he ran for
public office, of why he came back. If he had
just gone to mar Lago and stayed, played golf and
(30:01):
bought more golf courses, none of the none of the attacks,
not they wouldn't try to put him in prison, they
wouldn't try to get him for insurrection, they wouldn't try
to bankruptcy, they wouldn't try to bring up these women.
Speaker 3 (30:14):
Over and over again, everything to destroy a man. And
that only made the.
Speaker 10 (30:19):
Working class and particularly African Americans and Hispanics say, hey, look,
I see how the system rolls. Why are they coming
for this guy. I'm not so sure about these policies.
Let me think them through. And then when he explained
the policies, people go, Okay, I get it. He's putting
American workers first, he's putting the American middle class first,
He's putting the forgotten man and woman. That's why last
(30:41):
night I played that part of the address from the
first inauguration. He realized he had unfinished work. That's why,
like Cincinnatus, the heroic Roman general, he came back to
do it again in the greatest show of moral courage
in the history of this nation.
Speaker 3 (31:03):
And now we're in it, folks, And now we're in it.
Speaker 10 (31:08):
And you've got guys over in the Senate right now
who owe their entire political being to President Trump, their
entire political being to President Trump, and they're over there
right now working with Democrats, and Democrats have sold.
Speaker 3 (31:24):
Out the working class?
Speaker 10 (31:26):
Did the twenty twenty four not a wake up call
to even the Rhino Republicans of what the parties become
and why you're winning. Let me repeat, we have a
twenty five trillion dollar trade off it. What does that
mean that the wealth of this country has gone to
other places, principally to China, and even there an intermediary
(31:47):
to go back to the lords of easy money on
Wall Street that shipped that got the factories over there
in partnership with the Chinese Countis Party. How's that going
to look fifty years from now when they look back
in history. It's the same as the Wall Street guys
of finance Hitler and the big corporations of financi Sittler.
Do you think Hitler came out of nowhere? Do you
(32:07):
think Kitler came out of nowhere? You would be incorrect.
He had plenty of backing behind the scenes, just like
the Chinese Counties Party. Another murderous dictatorship has got plenty
of big money backing and big corporation backing and big
oligarch backing. And who the SAPs they come after? The
(32:30):
working class in the United States of America because you've
been sold out by your elits, sold out by.
Speaker 3 (32:36):
Your elits, and now they have the gall.
Speaker 11 (32:39):
To sit there and go, my million dollar house could
be a little more expensive because I'm not going to
use slave labor and I have to buy product from
here in the United States or America.
Speaker 10 (32:51):
The New York Times article epitomizes the globalist mentality. They
hate this country, and they particularly hate you full stop.
Why are they pulling the hair out? And you know,
Stephanie Rue, I'm talking to these corporates here, screwing these
corporate CEOs. These CEOs are the same guys that rolled
(33:12):
over the men and women that rolled over for DEI
and for getting rid of everybody. Right, if you were
a Trump supporter, didn't want you. The worst element in
this country are the corporatist, the globalist corporatist who use
all the benefits of the United States of America and
(33:32):
what the little guys provided as far as social stability,
but don't think anything about giving anything back.
Speaker 3 (33:42):
They only want to be hammers.
Speaker 10 (33:43):
Oh they'll take a commercial, butto take commercial on the
waven American flag. Have a couple of cowboys on there,
some good old boys riding a horse and put an
American flag and put some patriotic music. And the SAPs
are supposed to buy that. Gosh, they're pro American. And
guess what, they gave a couple of dollars to a
veterans a veterans fund. They're patriotic. Gosh, what great Americans.
(34:09):
Give me a break and let me see how great
Americans they are. Look at what's happening right here, and
they say, we're only looking for economic officially, No, no, no,
you're looking for slave labor and a better deal. Oh hey,
here's Trump's here's Trump's mantra. The best deals got to
be for people in this country. You, as citizens, get
(34:32):
a premium.
Speaker 3 (34:33):
Why not?
Speaker 10 (34:35):
The whole system is on your shoulders, Jilli and Tech
has told you for the last five decades, we've had
a system that's you know, working pretty well.
Speaker 3 (34:41):
Yeah, it's working.
Speaker 10 (34:42):
Damn well for the city of London, and damn well
for Wall Street, and damn well for Singapore, and damn
well for Frankfurt and these other money centers. It's working
great for the old Garks and Silicon Valley and the
mag seven, the mag seven that hyped all this on AI.
Any Way, their stocks are coming down, and Katie Turr,
(35:06):
I said yesterday, Katie Tourre spent the entire hour yesterday
trying to gin up a Kramer moment where Kramer got
everybody all worked up.
Speaker 3 (35:13):
In two thousand and.
Speaker 10 (35:14):
Eight, you must if you need cash, he told people,
if you need cash in the next five years, you
must sell your stocks today.
Speaker 3 (35:22):
The people on the day shall go, what what did
you just say?
Speaker 10 (35:27):
Katie Terre spent an entire hour on the floor of
the New York Stock Exchanged yesterday trying to gin up
with the bonehead Steve Lesman from Columbia Journalism School, never
traded us, never sat in a pit or traded in
his life, knows nothing about capital markets are really economics, just.
Speaker 3 (35:46):
A big liver lipped liberal spouting his nonsense.
Speaker 10 (35:52):
They sat there and trying to gin up a route yesterday,
they tried to gin up a panic. And let me repeat,
Katie Turur doesn't know the difference preferred stock and livestock.
And to have her down there shows you how pathetic
MSNBC is.
Speaker 3 (36:12):
Let's go, Can I play the clip? I want to
go to listen?
Speaker 10 (36:16):
Judges right, now are trying to They're trying to get
a contempt charge on Trump. They're trying to stop Trump
in every aspect, including terrorists, which now they're suing like crazy.
Speaker 3 (36:25):
The judicial insurrection.
Speaker 10 (36:27):
In the United States is the main event of the
Trump agenda going forward. In Brazil, our great ally Bolsonara
is on trial for his life for why questioning an election?
Why do they come after Trump for insurrection, questioning a
stolen election? Four years in prison for La penn In
(36:48):
France Romania they threw out the winner's election.
Speaker 3 (36:52):
Nope, can't do it.
Speaker 10 (36:54):
And in South Korea last night they removed the president.
Now is this guy the greatest guy in human history?
Probably not, but he's in anti communist, anti CCP, duly
elected by the South Korean people, and somebody better wake up.
I would like to have seen Pete, and I realized
Pete was making the distinction of the three island chains.
(37:16):
But man, oh man, a stop in South Korea have
been very important. We got us somehow, some of the
state department, defense departments, somebody got step up to the
plate and say, yo, what's the CCP doing here? We
just went to war with the CCP last night heck,
they got ships all around Taiwan. Oh, just an exercise,
(37:36):
totally random. I don't know how that occurred. They punched
back last night. They're gonna give as good as they get.
They say, oh trade, good luck with that she as
your economy melts to the ground. Let's play this clip
at South Korea, folks, we're not back. We got it back, Bolston,
and we need to come out.
Speaker 3 (37:55):
First.
Speaker 10 (37:55):
Off that judge or though Ophak ruling on him, and
cut his visa off, cut his passport, anything he's got
to the United States, cut it off, seize all.
Speaker 3 (38:04):
Their assets up here.
Speaker 10 (38:06):
Start playing smash mouth with Lula's government and these judges,
and tell him you ever come to the United States again?
Speaker 3 (38:12):
You ever flying?
Speaker 10 (38:12):
I think he went to the University Texas Dallas, get award.
We're going to lock you up in South Korea. We
got a big problem. Let's go and play the clip.
Speaker 12 (38:42):
Cha Chicago.
Speaker 10 (38:51):
You can see it underneath what it's saying. That's in
the original Korean, and that was live a little while ago.
Colonel Mills joins us. What it basically said is that
they've been peaching and removeding from office, and they give
them X amount of time to get to the presidential palace.
They rolled on this one hard and they rode fast. Uh,
Colonel Mills, we got a minute here. I'll hold you
(39:11):
through the brake. What the hell happened here?
Speaker 13 (39:15):
Well, this is Chinese unrestricted warfare. But more and more importantly,
this is political warfare. We'd taken our eye off the
bubble on what's going on, and we also been focused
on Taiwan while they just took out our right flank.
And the judges caved eight to zero sustaining the impeachment.
Speaker 3 (39:35):
They had to have six.
Speaker 13 (39:36):
If only two of the four conservative judges had held
their ground, it would have been it would have been.
Speaker 3 (39:42):
Un back in office.
Speaker 13 (39:44):
But this is this is absolute political warfare. Our experts
have no clue air quote experts have no clues to
what's going on.
Speaker 3 (39:54):
This is a total pervasive Chinese Look at that. Look
at that right there? You saw one of the transgender flag.
Speaker 4 (40:00):
Yeah.
Speaker 13 (40:00):
See, yeah, it's all about the flags. They were waving
the blue and green common and the transgender antifa communist flag.
The other side was waving the South Korean and the
American flag.
Speaker 3 (40:13):
I call it the.
Speaker 10 (40:16):
Yeah, hang on for a second, I'm holding through the break.
We're not saying you is un is not Ronald Reagan,
but he was a conservative. He was in there, and
this thing came out of nowhere. I mean, the other
guys had kind of been reprieved and this came out
of nowhere. They moved unanimous, including four conservative judges, but
the judges just to connect dots. The judges removed the
(40:39):
sitting president that won a far and square election and
was complaining about election interference, an election fraud when this
whole thing started with the martial law incident happened, and
you're right, with everything around Taiwan, it's time now to
look at South Korea back in a moment, huge Stephen k.
Speaker 3 (41:04):
In times of.
Speaker 10 (41:04):
Turbulence right now, Gold every couple of days sitting at
all time high back and off a little bit. And
I think that's a good sign for how Trump's tariffs
are playing, and really the resetting of the of the
geoeconomic order to make sure that we can start to
work down this trade deficit, because that's where we got
to get to.
Speaker 3 (41:23):
I'm not sure you're ever going to pay a nickel
on the face amount of the debt. I'm not seeing it.
Speaker 10 (41:29):
If we can pay the interest without having to increase
the interest payments. We'll be lucky because the interest is
not going to explode. I guess it's coming down under
four percent. It'll help, but the interest, just given the
scale of the debt, is going to get over three
and a half dollars gross amount. Birch gold take out
of your front right now. The first thing you want
(41:50):
to start with, I think the simplest is text ban
and B A N and at nine eight nine eight
ninety get the free bro Sure investing a gold in
silver in the Era of Trump. The Ultimate Guide. This
kind of walks you through the basics bang bang bang,
(42:11):
and then you can get in touch with Philip Patrick
and the team at Birch Goldheim walking through it. Also,
the end of the Dollar Empire really wants you to
read the six free installment Modern monetary Theory. You'll see
the concept the idea. If you've got two big ideas
playing that one is monetary theory, which hey, deficits don't matter,
(42:32):
it doesn't matter.
Speaker 3 (42:33):
Let's just run them up. See how that's working out
for us. The other big theory is unitary executive.
Speaker 10 (42:41):
That would be Donald Trump Chief Executive Commander in Chief,
Chief Magistrate and Law enforced Chief law enforcement officer of
the United States Government. We're battling that one every day
in a federal court. So make sure you go to
birch Gold dot com slash Bannett, get in touch with
Philip Patrick team. Those are guys you need to talk to.
(43:01):
And what you want to discuss is physical gold.
Speaker 3 (43:05):
You want it.
Speaker 10 (43:06):
Where you put it is your choice, but you want
to have it and have access to it now more
than ever. So John Mills, tell me, give me the
solution here. It's sixty days. We had years to plot
and plan the return. They've got sixty They dropped this
thing on them right away. It sounds like this thing's
(43:26):
totally rigged and cooked. But hey, I'm just an outside observer.
So starting now, sixty days from today, they will have
a new presidential election.
Speaker 13 (43:37):
This get take a deep breath, get take a day
or two of rest, and then get back on the
ramparts South Koreans.
Speaker 3 (43:45):
What they're trying to do is destroy hope.
Speaker 13 (43:47):
And I've been watching so much social media from the
South Koreans.
Speaker 3 (43:51):
It's what we went through.
Speaker 13 (43:53):
Initially after January sixth January twentieth, it's over.
Speaker 3 (43:57):
There's nothing we can do. We'll never have a free
election ever.
Speaker 13 (44:00):
Again, that's what they're trying to do is destroy hope,
destroy hope.
Speaker 3 (44:06):
Hey, just like us, shake.
Speaker 13 (44:08):
It off, get back in the game, get back on
the ramparts.
Speaker 3 (44:12):
Let's show these three slides real quick. But he's the
first one, and just for un in the center.
Speaker 13 (44:18):
You know, you're right, Steve, he was not Reagan or Trump,
but he was a good first try. It's just not
in the DNA of the Conservatives. But they came together
under un. Now it's Han is the president. He's been
reinstated because he was impeached also, but that would overturn.
So Han's not, you know, a super duper. He's more like,
(44:38):
kind of excuse me, a Mitt Romney.
Speaker 3 (44:41):
But there's others. But Lee is on the left.
Speaker 13 (44:44):
He is a communists again, he calls us occupiers. Those
are fighting words. Let's go to the next slide. Please,
this is really what happened. Our air quote experts were asleep.
They were focused on the North Koreaan penetration of the
society that went away ten fifteen years ago. And we've
(45:05):
talked about unrestricted warfare. The tip of the armor piercing shell.
In China's unrestricted warfare is political warfare, which we have.
Speaker 3 (45:18):
Our capability went away in the fifties. For that.
Speaker 13 (45:21):
The Chinese commonists have totally penetrated the South Korean government, society,
and the election processes. The National Election Commission, the Association
of World ECONOT World Election Bureaus had USA bumper stickers
all over their website. Things that shocked me was drug liberalization.
Speaker 3 (45:42):
I was shocked.
Speaker 13 (45:43):
I didn't realize what had gone on in South Korea. Hey,
I know we have libertarians watching the show. I know
we have the old aunt Sally needs it because of
her cancer. This is the camel's net. This is for
destabilization of society. The LGBTQ advocate to see. I call
it the Colorado strategy. This is how Colorado was undermined.
(46:06):
Its same game. But what we need we need an
ambassador over there, just like our two highest ambassadorial priorities,
South Korea and the Bahamas. South Korean. The Bahamas got
sixty days, got to get it together. And you know
they have three different folks. They got on who's in
the National Assembly, Kim, who's the labor minister, Hang, who's.
Speaker 3 (46:27):
The mayor of Degu. These are more toward hardcore populous.
We got to get together in sixty days.
Speaker 13 (46:35):
And I know the South Koreans and the Wu Maus
have been all over social media, all over social media.
Speaker 3 (46:43):
For the South Korean Our brothers and sisters of South
Korea will be.
Speaker 10 (46:46):
All over this like Brazil. And there's action happening on Brazil.
We can't talk about now, but things are happening. And
the South Koreans say, I've spent so much time there
as a naval officer and later as a financier and
a businessman.
Speaker 3 (47:00):
Uh, and they are just great people, I mean, great people.
It is a.
Speaker 10 (47:04):
Amazing country, amazing people. Uh. And they're a great ally,
I mean, and they are an aw I. Now we've
got some issues on trade, but hey, we'll work all
that out. But right now, with all the focuses on Taiwan,
the CCP, this is one million percent back by the
Chinese Counties Party. And you've got some radical elements over there,
(47:24):
some radical elements just like we have here. This is
like a color revolution. Color revolution comes career, Colonel Mills.
You're putting up stuff all day, John, Where do they
go to get all your information.
Speaker 3 (47:36):
Thank you, Steve.
Speaker 13 (47:37):
Colonel Rhett John to Colonel rit John two on X
Colonel rit John. Colonel Rhet John on substack, Colonel rit
John on substack, also on Getter and Truth.
Speaker 3 (47:49):
Thank you Steve, Thank you brother. Okay, the right stuff
is going to take us out. What a week.
Speaker 10 (47:58):
Taking on China, restructuring the world's economy, securing the southern border,
shipping bad guys out of here, to porting the bad
guys out of here, working through the one Big beautiful,
one big Beautiful Bill and Bloomberg's reporting. Guess what progressives
(48:18):
and liberals doing something you have never done, and that
is raising taxes on the wealthy to help pay for
this mess. The President Trump's down now in Durrell with
the Live Golf Tour. His biggest deal, I think gets
announced on the eve of Augusta National The Masters next week,
where President Trump has brought together and saved the PGA
(48:41):
Tour and Live and put them both together in an
overall structure that the Justice Department will approve President Trump
doing deals at Durrell. Short break back in the worm
in a moment
Is now hitting back, retaliating against the Trump tariffs, announcing
this morning it is now slapping a reciprocal thirty four
percent tariff on all US goods with stock futures.
Speaker 2 (00:12):
I mean, this is not looking good.
Speaker 1 (00:14):
The next piece of data that investors and beyond are
also going to be looking at this morning as the
March jobs report it comes out next hour today, labor
data has painted a picture of a jobs market that's.
Speaker 2 (00:24):
Cooling but not contracting. Is that all about to change?
Speaker 3 (00:28):
Absolutely?
Speaker 4 (00:29):
I mean we're looking at absolutely brutal reaction from the
markets yesterday, and it could easily get a lot worse
today because we are starting to see the beginning of
the retaliation and there's no way of putting it. We
are sliding into a major trade war. And the last
time we saw anything like this was almost one hundred
(00:49):
years ago, back in the nineteen thirties, when we had
a wave of protectionism and populism and patriotism and nice
word for nationalism that ended very badly. So Frank looking
back to the future right now, is a very good
guy to what's happening.
Speaker 5 (01:04):
I want to read to you something that Steve Bannon
told the Wall Street Journal that he said, when it
comes to negotiating with other countries, every day will be
like Christmas.
Speaker 2 (01:12):
At the end of the day.
Speaker 5 (01:13):
What really excites him is talking about a deal with Canada,
having wig Cough update him on Russia, and then whatever
small wins he gets, they're going to act like it's
a big giant win and run a victory lap. That's
all great for the show.
Speaker 2 (01:26):
And this goes back to what I said.
Speaker 5 (01:28):
Donald Trump is great at the show and the performance.
But we could see businesses be forced to restructure.
Speaker 2 (01:35):
Right.
Speaker 5 (01:35):
Think about any business justin that's in a shopping mall. Right,
where are all the products made at those stores overseas?
And right now they're going to be crippled. It's not
just like they're going to have to change the price tags.
They're going to be putting signs in the windows twenty
five percent more expensive.
Speaker 2 (01:51):
Why tariffs?
Speaker 6 (01:53):
Yeah, I mean so Trump claims day's a reciprocal tariffs.
Speaker 2 (01:58):
And that sort of say.
Speaker 6 (02:00):
Is he says, you know, we're getting ripped off. So therefore,
in Trump's mind, the stakes here are really high that
if he strikes a deal, he'll be able to stop
us getting ripped off. The problem with that is it
simply isn't true. Most of our trading partners have average
tariff rates of one to two percent.
Speaker 3 (02:16):
Trump is about to move the United States to twenty percent.
Speaker 6 (02:20):
We will have tenfold higher tariff rates than any other country.
Even if he strikes all the best deals in the world,
he'll be only able to reduce tariff rates by one
to two percent, because that's all they currently are. He's
starting a fight where there's no table stakes.
Speaker 2 (02:36):
When you win.
Speaker 7 (02:37):
Let me kind of give you the economist tools because
it's based on concepts like export and important demand elasticity's
currency adjustments and things like that. But here's here's the
analytical issue we're trying to do. Under the principle that
the president wants to charge those countries.
Speaker 2 (02:58):
What they charge us.
Speaker 7 (02:59):
As you point out out, Vietnam has a non terriff
applied teriff, right, it's much larger than ours, but doesn't
come near the terriff we charge them. So question is
how do you value the following phil So let me
count the ways you got to value currency manipulation.
Speaker 3 (03:18):
You got to value the.
Speaker 7 (03:19):
Vat tax distortions, dumping, exports, subsidies, technical barriers to trade,
agricultural barriers, to trade quotas, bands, counterfeiting, intellectual property theft,
and all of that.
Speaker 3 (03:33):
So here's the punchline.
Speaker 7 (03:35):
If you look at the trade deficit which every country
runs from us, the first thing economists should tell you
ask the next one you have on your show. Shouldn't
you and have chronic and sustain trade deficits. No, there's
According to economic theory, they should not. So what the
trade deficit does for any given country, It's the sum
of all cheating, It's the sum of all.
Speaker 3 (03:57):
Unfair trade practices.
Speaker 7 (03:59):
And in a national emergency, where the trade deficit itself
is the national emergency and security thread because it takes
our factories, our jobs, and transfers wealth abroad, the reciprocal
tariff is that which reduces the trade deficit with each cost.
Speaker 3 (04:16):
I actually here problem.
Speaker 8 (04:17):
This is just Trump gone hauled wild, willy nilly. Nobody
knows what's going on, even at the White House. I mean,
when they announced this, Trump and the roast gard and
had his whole chart next to him. Fair enough, let's
look at the tariff chart. But go pull up the
White House website and you'll see something totally different. On
tariff numbers they don't know what they're doing. We are
(04:40):
dealing with a dangerous amateur hour in this White House,
and everybody's lives are going to be affected by this
because if this kicks in like we think, you're going
to see prices of smartphones go up. Produce avocados is
the one people are mainly focused on. But any kind
of you know, eric medicine that you might need to
(05:01):
have a cheaper type of prescription then you would get
normally from your pharmacy. Once you go on and on,
this could unravel and nobody has confidence that Trump really
knows what he's doing. He just wants to do something
audacious and big.
Speaker 9 (05:17):
I can tell you this right now, what we're seeing
was positive. It was we blew it out of the water.
Even all the economists that looked.
Speaker 2 (05:24):
At this thought we.
Speaker 9 (05:25):
Were going to have a depressed jobs report and we didn't.
So that's a testament to the president the economic output
that he is doing. Look at the Rose garden that
we had the other day.
Speaker 2 (05:34):
Who was in the audience. It was all the American workers.
Speaker 9 (05:37):
We had our Team Shirs there, we had our United
Auto Workers there. We're seeing those investments pay off, and
I would expect that to continue.
Speaker 3 (05:46):
This is the primal screen of a dying regime.
Speaker 10 (05:51):
Pray for our enemies because we're going to medieval on
These people here got a free shot.
Speaker 3 (05:57):
All these networks lying about the people. The people have
pad a belly full of it. I know you don't
like hearing that. I know you've tried to do everything
in the world to stop that, but you're not going
to stop it. It's going to happen.
Speaker 2 (06:07):
And where do people like that go to share the
big line? Mega media?
Speaker 10 (06:12):
I wish in my soul, I wish that any of
these people had a conscience.
Speaker 3 (06:18):
Ask yourself, what is my task and what is my purpose?
Speaker 11 (06:21):
If that answer is to save my country, this country.
Speaker 3 (06:26):
Will be saved. War Room, use your host, Stephen k Back.
Speaker 10 (06:35):
It's Friday for April in the year of Alert twenty
twenty five. Day two gets us the morning of the
morning after.
Speaker 3 (06:45):
The war Room.
Speaker 10 (06:45):
Engine Room Today reported that CNBC called it the fog
of tariffs. I have to pull that club. It's not
so foggy here. I'm just going to see this thing
through a complete total reorganization of the world's economic system,
trading system, and at the same time a reordering of
the world's geopolitical or geostrategic by one man, Donald Trump,
(07:12):
that is executing this today, just put out another tweet, Hey,
for everybody investing in the United States, I'm rock hard
here on policy, not going to move. We're dug in,
my sources tell me, and we're fairly dialed in at
these countries around the world. They're signing up people like
(07:33):
crazy to come to Washington, d C. To surrender and
say yes, may a coopa, may a coopa, may a
maximum coopa.
Speaker 3 (07:40):
We are we are, we are.
Speaker 10 (07:44):
Wrong to have not just tariffs king look of terriffs,
but the non tariff barriers to stop American goods being sold.
Just go around the world. If you travel around the world,
how many how many UH cars you see in Japan?
Speaker 5 (08:01):
None?
Speaker 3 (08:01):
How many American cars see in career? None?
Speaker 10 (08:04):
How many American cars you see in Europe very few,
next to none. How many in Germany definitely none?
Speaker 3 (08:11):
Speaking of career, And get to that in a moment.
Speaker 10 (08:15):
The judicial insurrections, just not in federal court in Washington,
d C. Where a judge who should we should start
impeachment hearings next week, is trying to insert himself between
the commander in chief and the commander in chiefs responsibilities
South Korea. They removed the president last night. I would
certainly hope that somebody in the State Department, somebody the
(08:37):
Defense Department is on is on watch here. I would
argue that the South Koreans are one of our principal allies,
and we're going to lose the South Korean Peninsula and
all those good folks. And I don't know twenty eight
thousand American troops that are there.
Speaker 3 (08:59):
More than that.
Speaker 10 (09:00):
In a moment, we're gonna play a clip and then
bring in Colonel John Mills. Sherlikum is gonna be in
later as a businessman, a guy that had his life
turned upside down because of this, and he's asked for
us to sustain terraffs, whatever the number is.
Speaker 3 (09:13):
He loves President Trump's.
Speaker 10 (09:14):
Plan, but as all small businessmen, and we can revitalize
this country with small and medium sized manufacturing. It can
be done, and it will be done if you stick,
if you just hold the line, don't let that. Don't
let the melt down on Wall Street because it's temporary.
Speaker 3 (09:34):
It's all good.
Speaker 10 (09:35):
It's been quite orderly, and you got Katie Terry get
all these people running around.
Speaker 3 (09:41):
They're trying to instigate a crash. You know this. They
think this is their new way to take out Trump.
Speaker 10 (09:45):
They can't get in on the signal chat, they can't
do it in the streets. They can't do it the
tel dealerships. Everything they do is not to help the country.
It's to it's to take on Trumpe. One thing is
quite evident is Ezra Klein's book Abundance, which I think
comes to these kind of weird and wrong conclusions, but
(10:07):
it's quite brilliant in its analysis of the credential class,
what the Democratic Party's becoming to the credential class.
Speaker 3 (10:13):
And you see it right here in tariffs.
Speaker 10 (10:16):
You never see the working through of how this helps
America and American workers. All you have is running around
repeating the same talking points that the Wall Street crowd
wants to give it to you. I don't know if
you have it the New York Times, I think it
got to you. The New York Times article they exposed
themselves to their big article. Their lead article about this
whole thing is how a house essentially a house for millionaires,
(10:40):
How a house for millionaires is going to cost more
because Trump's tariffs means that either the goods from overseas
that we shouldn't be using to build these houses is
going to cost more, or it's going to come back
to the United States. And oh, by the way, they
(11:00):
throw in they say, not just the goods, but then
they throw in the twenty five percent of the construction
industries illegal alien slaves. And they imply in the article
that's all good. This is why in the Rose Garden
you had union people, union people cheering on President Trump.
(11:27):
The trade deficit accumulate. Our debt is thirty seven trade
and thirty eight t exploding every day because they're not
dealing with it. And oh, by the way, elon, before
you leave town, I just need you to check in
and show me where the trading dollars of cuts are.
We're your biggest supporters, we're your biggest supporters. We need
to see set it the other day, trading dollars this year.
(11:49):
I need to see that. This is urgent. It's an
urgent request. We need to see it and for cash
for town. Pambondi, our brothers and sisters over the Justice Department,
will you please start just announce you got a grand jury.
It's a tree dollars in fraud, Just give me a name.
This is like now our version. We have to own this.
(12:11):
This is our version. We got to own it. Folks,
we're saying it's tree dolls and in fraud and wasted.
You're all these mean guys are running around, They're calling
call hey, I'm all good, I'm all good.
Speaker 3 (12:23):
We need the trade dollars a cut.
Speaker 10 (12:25):
I need to see Russ vote or somebody actually sign off.
And in pound, let's have anything doing pound wherever that
money went boom and pounded. And I need to see
one name, just like in HB one visas of the
mains that are here, show me one one visa, one
that's more educated or has more work experience for the
billet they took. Please show me that same for us.
(12:46):
Let's have a cell phone here, yo, cash, Yo Pam.
Can I have one name, just one, give me one name.
On fraud, there should be men's names, and we want them.
All that has to happen. If you've stolen this money
from taxpayers, everybody in the chain of command ought to
be indicted, and the people that actually took the money
(13:07):
ended up with ought to be indicted. Got to do it.
So the thirty seven train of debt. But remember the
other big number that's industrictly linked. Wall Street never wants
to talk about. If you google, something is not easy
to find. That's on purpose, Like google total medicaid spending.
Speaker 3 (13:24):
You can't find it.
Speaker 10 (13:25):
You got to go to like nine places and do
all kind of backflips. It's like what the White House
had to do with the reciprocal terrorists. The globalists don't
want to put that up there. The trade deficiency is
since China came in, since we allowed China most Favored
Nation and World Trade Organization eighteen tradion dollars, the United
States eighteen trading dollars sixty two percent.
Speaker 3 (13:48):
I think of our.
Speaker 10 (13:49):
GDP twenty five tradeing dollars if you take it from
when the first trade deficit occurred in nineteen seventy four,
man oh Man, Nixon, Carter Watergate, all of it, the
arab olmbargo going off the gold standard, starting the trade
deficits seventies time of turmoil. Took Ronald Reagan and Paul
(14:12):
Volker to sort that thing out. Now we got Scott
Bessant and President Trump. The fog of tariffs. Trump is
not going to blink. You're going to see the world's blinking.
And the more they throw Jillian ted A the ft
up there and she's her hair is on fire, and
that's the worst thing. I'll play that again. This is
(14:32):
the worst populism. And then Smoot Harley. How many times
is it going to beat the horse of Smoot Harley
to death? It's a different error, different deal. President Trump
enforcing his will, That's what this is about. This is
a test of wills. Right now, folks, maga, are you
up on the ramparts?
Speaker 3 (14:53):
We got his back. Short break.
Speaker 10 (14:57):
We're going to discuss that next confuse your host Stephen
came back. Okay, I just gave that truck for the
New York Times. Let's let's tell you what. Let's play
the clip. Let's play the clip we're gonna produce your life.
Let's play the clip we just played in the last
segment on the jobs thing. Tell me when it's ready,
just hang, just tell me when it's ready. The President
(15:20):
Trump's dug in his true social I want to thank
the great Matt Boyle give me a heads up on this,
because we've been juggling a lot of balls here in
the war room this morning. Trump is dug in as
he should be dug in. Let's play this clip. This
is from the Department of Labor today over at I
think they're on CNBC early this morning.
Speaker 3 (15:42):
Play quick one and we'll come back.
Speaker 9 (15:44):
I can tell you this right now, what we're seeing
was positive. It was we blew it out of the water.
Even all the economists that looked at this thought we
were going to have a depressed jobs report and we didn't.
So that's a testament to the president, the economic output
that he is doing.
Speaker 2 (15:59):
Look at the Rose and that we had the other day.
Who was in the audience. It was all the American workers.
Speaker 9 (16:04):
We had our Team Stirs there, we had our United
Auto Workers there. We're seeing those investments pay off and
I would expect that to continue.
Speaker 3 (16:12):
Okay, a blowout number.
Speaker 10 (16:13):
President Trump is putting up true socials this morning, you know,
reinforcing he's dug in here in the reciprocity.
Speaker 3 (16:22):
In the market.
Speaker 10 (16:23):
You know it's down, but hey, it's it's people got
to think through a lot of this is juice, the Dolgons, industrials,
juice by the Max seven.
Speaker 3 (16:31):
It's all.
Speaker 10 (16:32):
It's all the AI hype in big tech oligarchs. Excuse me,
that's not mainstream, that's not the country. What President Trump
is doing is fundamental to this nation. You can't live
with a twenty five three dollars trade deficit. That's money
twenty five trillion dollars has gone out of this nation
(16:52):
to buy goods from foreign sources that gained the system,
principally in China. And eight the deficit since China's come
in is in the early two thousands. Think formerly all
in is is eighteen trillion dollars. I have on Getter
this morning. If you haven't gotten Ghetter, it's a free app.
(17:12):
Go together, because this is where I'm putting up stuff
all night. If we can pull that. A Warren Buffett
article The Oracle Omaha in two thousand and three, when
the trade episode was virtually it was big, but it
was nothing compared to today, saying it's the end of
the country unless we take care of this. Ezra Klein's
(17:34):
book says the Democrat the credential class are like those
little kids in school. Remember in grade school, all the
suck ups and I'm sorry, this sat in the front
of the class and teacher, teacher, teacher, It's all about
processes and the turnaround.
Speaker 3 (17:46):
Hey Bannon's you.
Speaker 10 (17:47):
Know, goofing off in the back. That's what the Democrat
Party is. He's a little thing, you know. Oh you
got a signal and you got the terrible running around.
It's all processed to them. If you outside of their bandwidth,
what they understand is the process, and their bandwidth is
quite tight and tiny and only thinks of citizens of
(18:10):
the world. We want every nation to thrive and prosper,
but not at the expense of American workers. That's the
system we have today that the top one percent or
the top three percent gleaned it all, because that's the
connective tissue to the globalist apparatus they have set up
(18:30):
and let evolve to the detriment of this country. That
is the raisindetra of Donald John Trump. This is the
core of his being. This is why he ran for
public office. This is why he didn't flinch when they
came after him to throw him in prison. This is
(18:52):
why I didn't flinch when they brought the phony charges
about him, you know, assaulting women. This is why he
didn't flinch when they tried to bankrupt him. This is
why he's never flinched. He's an armor piercing shell. He
has gone to the globalist apparatus and hammer them trauma
(19:15):
inducing hammering. They're not even making any sense when you
see on TV and you got Financial Times in New
York Times, and it's all a taro babbel, it's all gobbledy.
Speaker 3 (19:28):
Gook it is.
Speaker 10 (19:29):
My beloved mother used to say, they can't even get
their narrative. It's just he's done something different. And then
the Rose Garden who stepped up to the mic, a
union guy, a union guy. If we can go to
(19:50):
get if we can go to my getter Bloomberg. Now
Bloomberg has two Bloomberg has three things, and Michael Bloomberg's
worth I don't know eight BA and I was a
hundred billion dollars.
Speaker 3 (20:00):
Because he's a bond trader. He's got an idea. His
big idea is what about if we put.
Speaker 10 (20:06):
All the information on Earth that comes across this thing
called the wire and later the Internet, right on a terminal.
So a bond trader that has to make decisions in
a moment, in a moment's notice about what's happening in
the world. By the way, the ten year Treasury is
at under four percent. Gold's backed off a little. That's
(20:27):
one of the reasons I think you can tell that
it's not a total meltdown. Otherwise they'd be pounding in
gold like nobody's business on the Bloomberg's got three. He's
got the TV. If you ever want to see news,
the one we monitor the most, msnbceing Bloomberg TV.
Speaker 3 (20:44):
Bloomberg TV.
Speaker 10 (20:45):
I love if you ever feel lone in want companionship,
you know, the middle of the night and you know,
maybe the bad habits you want to get away from,
maybe having another beer, doing whatever you're doing, have another
piece of chocolate cake cut On bloomber TV. It's twenty
four hour news. Now it's business news, but it's covering
the news twenty four seven. It's actually like you're sitting
(21:07):
in the situation room. You get twenty four seven Asian
markets open, European markets open, then the back to the
United States.
Speaker 3 (21:13):
It starts to cycle over again. He's got that.
Speaker 10 (21:16):
He's got the Bloomberg News and opinion and all those
sorts of things. Right the other day, Josh Green over
Bloomberg News, who covers President Trump in the White House
moderated the panel. I was on.
Speaker 3 (21:31):
But then you have what it's called.
Speaker 10 (21:33):
The terminal, and the terminal gets information to the people.
Pay a ton for the terminal. Don't know, it's one
hundred thousand bucks a month or so. It's an outrageous number.
And this is why Bloomberg's with one hundred million dollars.
It's the terminal to the bond traders, and it connects
all the capital markets in the world.
Speaker 3 (21:50):
Every desk that's important in the world has connected to this.
Speaker 10 (21:52):
So if you're on the terminal news, the Bloomberg people
who are curating this and want to make sure that
get paid that one hundred thousand dollars on each terminal,
make sure that this news is meaningful to reality, meaningful
to reality, So they don't put a lot of opinion
(22:13):
up there. This is hard news that people can take
and they can absorb it. And lo and behold what
is up on the Bloomberg terminal today?
Speaker 3 (22:25):
Lordy, lordy, LORDI.
Speaker 10 (22:28):
Republicans are looking at a good old fashioned tax increase
for the wealthy.
Speaker 3 (22:34):
Yo.
Speaker 10 (22:35):
And you know why, people behind the scenes are working
the numbers, and there's this gap to tradion dollars.
Speaker 3 (22:42):
We understand that.
Speaker 10 (22:43):
And Elon's supposed to bring in a tradeing of waste
for ourn abuse.
Speaker 3 (22:47):
God bless you. We're waiting for it.
Speaker 10 (22:50):
Howard Lutnik said, I'm going to generate a trellion dollars in.
Speaker 3 (22:55):
Terriffies.
Speaker 10 (22:56):
Not so sure that's going to happen, but Novar says
it could be one hundred billion this year.
Speaker 3 (23:00):
Whatever the number is going to be something.
Speaker 10 (23:02):
Okay, Scott best and those guys got a growth rate
in there, and the growth and even with the current
tax structure boom, but also the cutting taxes and no
tax on tips, supposed to be, no tax on overtime, right,
no tax on bonuses, and the big one, no tax
on your social security.
Speaker 3 (23:19):
So that leaves in a bigger gap at the end
of the day. You got to close it somehow.
Speaker 10 (23:24):
And they're talking about for either the top bracket doing
what's called a snapback back to I think the thirty
nine percent, or setting up a new category of if
you make a million bucks a year or more.
Speaker 3 (23:36):
You have a different tax rate. My point.
Speaker 10 (23:40):
In the last forty eight hours, Donald Trump and the
Republican Party have put forward a plan of not terrorists,
but an economic plan.
Speaker 3 (23:53):
To revitalize this nation.
Speaker 10 (23:57):
As a major manufacturing superpower, and to revitalize her citizens
with well paying, meaningful careers.
Speaker 3 (24:10):
Not just jobs careers.
Speaker 10 (24:14):
And that a young person wouldn't have to go to college,
to an indoctrination center and get some DEI approved degree
and take out hundreds of thousands of dollars loans that
you can't pay back because you don't. You can't get
a job with that crap. You just become part of
the whiny credential class. They're going to sit around and
whine all day to Starbucks, look to get into trouble,
(24:39):
and at the same time understand the fact that the wealthy,
the top one percent, the top three percent, have got
to pitch in here and help us cut this deficit.
You got to back off your lobbyist. You've got to
sit there and say, hey, these cuts have to happen.
Speaker 3 (24:55):
And if not, and we need more.
Speaker 10 (24:58):
Tax cuts for the working class and middle class, particularly
no tax on Social Security, then.
Speaker 3 (25:05):
You got to plug the gap. You have to plug
the gap.
Speaker 10 (25:10):
In forty eight hours, the Republican Party has put in
let me say this differently, Donald Trump has put in tariffs.
I haven't seen a big chorus, you know, Mike Johnson
in the crowd over at the house.
Speaker 3 (25:21):
I haven't really seen a show of force.
Speaker 10 (25:25):
Like you know the time when they want something and
they want a tax cut for their donors. They all
get on the Capitol steps and there's like, you know,
four hundred of them, I guess two hundred and twenty
of them. They're all up there for a group shot
like it's for you know, it's the last day of
third grade and you're getting your class picture. Mike Johnson
is sitting there, Pollypock's sitting in a big oldhead of
his smiling that goofball smile. Don't see a big chorus
(25:51):
coming out for the Terriffs. They're still working through that
Austrian economics playbook. Wow did Milton Friedman say this? The
on Ran say this? We got it from And I
love Rand Paul. He's a good man. He gave you
the old libertarian Cato Institute Coke. We know we want
(26:11):
open borders on labor, and we want open borders on capital.
Speaker 3 (26:14):
We want open.
Speaker 10 (26:15):
Borders on product. Get you have a great country. If
you do that, Ran, they'll be lovely. They'll be lovely.
Speaker 3 (26:21):
Brother. Why is that stuff all coming to Kentucky?
Speaker 10 (26:25):
McConnell, Ran Paul, and I love Rand Paul, but got
to get his mind right on economics.
Speaker 3 (26:32):
Tax increases for the wealthy on the Bloomberg terminal.
Speaker 10 (26:37):
That means it's kind of a fact, not saying it's
going to happen, but they're giving him a heads up
that this thing is in the works. Lordie, Lordie, lordie,
who to thunk it on a Friday in the war room?
Short commercial break back in a moment.
Speaker 4 (26:59):
And we'll look absolutely brutal reaction from the markets yesterday,
and it could easily get a lot worse today because
we are starting to see the beginning of the retaliation
and there's no way of putting it. We are sliding
into a major trade war. And the last time we
saw anything like this was almost one hundred years ago,
(27:20):
back in the nineteen thirties, when we had a wave
of protectionism and populism and patriotism a nice word for
nationalism that ended very badly. So, frankly, looking back to
the future right now is a very good guide to
what's happening. Yeah, absolutely, I mean, essentially, Donald Trump and
his team is indeed trying to reconfigure the global trading, financial,
(27:43):
economic and tech system. Can you succeed well, he can
certainly smash things up dramatically. He's essentially already smashed up
a very carefully constructed passion of collaboration that was creating
in the last five decades. And in many ways, we
are going back to the nineteen thirties, because it's worth
remembering that when we had the explosion of protectionism in
(28:03):
the nineteen thirties, that came after another long period of
globalization before World War One, that went dramatically into reverse
after that with tragic consequences. So we have to hope
that history isn't repeating itself this time round. But the
key boy I want to make, which I covered in
my book this morning, is that, essentially in my column
this morning, we're used to analyzing trade through the lens
(28:25):
of neoliberal economics people like Adam Smith and David Ricardo.
That doesn't work anymore. We have to go back and
look at the current policy framework, frankly, using the tools
from the nineteen thirties. And there's writers economists like Albert
Hirschman who looked at power politics and bullying, which is
much more relevant to understanding what's happening today.
Speaker 10 (28:47):
Power Okay, the Financial Times of London. That's Jalli and Ted.
Wonderful person. She's just wrong about everything. I mean, she's
bringing on currency, but on this world world real from
Trump trade.
Speaker 3 (29:02):
Shock, she said, carefully constructed, carefully constructed. You're correct, ma'am,
carefully constructed.
Speaker 10 (29:10):
In the last four or five decades, did I mention
we have a twenty five trillion dollar trade deficit?
Speaker 3 (29:15):
Why has that never talked about? The person used to
talk about.
Speaker 10 (29:19):
That all the time was lou Dobbs, and he said
the day was coming that you were not going to
manufacture anything in this country, and working class people were
going to work three jobs, and you're going to have
what I don't know, ten fifteen to twenty million men
not even looking for work anymore. You're gonna be important
at all, and they're gonna play games like nafta thing.
(29:39):
Will let it make it right south of the border,
Mexico's drive it right out. The day's over. This is
the core of President Trump, of why he ran for
public office, of why he came back. If he had
just gone to mar Lago and stayed, played golf and
(30:01):
bought more golf courses, none of the none of the attacks,
not they wouldn't try to put him in prison, they
wouldn't try to get him for insurrection, they wouldn't try
to bankruptcy, they wouldn't try to bring up these women.
Speaker 3 (30:14):
Over and over again, everything to destroy a man. And
that only made the.
Speaker 10 (30:19):
Working class and particularly African Americans and Hispanics say, hey, look,
I see how the system rolls. Why are they coming
for this guy. I'm not so sure about these policies.
Let me think them through. And then when he explained
the policies, people go, Okay, I get it. He's putting
American workers first, he's putting the American middle class first,
He's putting the forgotten man and woman. That's why last
(30:41):
night I played that part of the address from the
first inauguration. He realized he had unfinished work. That's why,
like Cincinnatus, the heroic Roman general, he came back to
do it again in the greatest show of moral courage
in the history of this nation.
Speaker 3 (31:03):
And now we're in it, folks, And now we're in it.
Speaker 10 (31:08):
And you've got guys over in the Senate right now
who owe their entire political being to President Trump, their
entire political being to President Trump, and they're over there
right now working with Democrats, and Democrats have sold.
Speaker 3 (31:24):
Out the working class?
Speaker 10 (31:26):
Did the twenty twenty four not a wake up call
to even the Rhino Republicans of what the parties become
and why you're winning. Let me repeat, we have a
twenty five trillion dollar trade off it. What does that
mean that the wealth of this country has gone to
other places, principally to China, and even there an intermediary
(31:47):
to go back to the lords of easy money on
Wall Street that shipped that got the factories over there
in partnership with the Chinese Countis Party. How's that going
to look fifty years from now when they look back
in history. It's the same as the Wall Street guys
of finance Hitler and the big corporations of financi Sittler.
Do you think Hitler came out of nowhere? Do you
(32:07):
think Kitler came out of nowhere? You would be incorrect.
He had plenty of backing behind the scenes, just like
the Chinese Counties Party. Another murderous dictatorship has got plenty
of big money backing and big corporation backing and big
oligarch backing. And who the SAPs they come after? The
(32:30):
working class in the United States of America because you've
been sold out by your elits, sold out by.
Speaker 3 (32:36):
Your elits, and now they have the gall.
Speaker 11 (32:39):
To sit there and go, my million dollar house could
be a little more expensive because I'm not going to
use slave labor and I have to buy product from
here in the United States or America.
Speaker 10 (32:51):
The New York Times article epitomizes the globalist mentality. They
hate this country, and they particularly hate you full stop.
Why are they pulling the hair out? And you know,
Stephanie Rue, I'm talking to these corporates here, screwing these
corporate CEOs. These CEOs are the same guys that rolled
(33:12):
over the men and women that rolled over for DEI
and for getting rid of everybody. Right, if you were
a Trump supporter, didn't want you. The worst element in
this country are the corporatist, the globalist corporatist who use
all the benefits of the United States of America and
(33:32):
what the little guys provided as far as social stability,
but don't think anything about giving anything back.
Speaker 3 (33:42):
They only want to be hammers.
Speaker 10 (33:43):
Oh they'll take a commercial, butto take commercial on the
waven American flag. Have a couple of cowboys on there,
some good old boys riding a horse and put an
American flag and put some patriotic music. And the SAPs
are supposed to buy that. Gosh, they're pro American. And
guess what, they gave a couple of dollars to a
veterans a veterans fund. They're patriotic. Gosh, what great Americans.
(34:09):
Give me a break and let me see how great
Americans they are. Look at what's happening right here, and
they say, we're only looking for economic officially, No, no, no,
you're looking for slave labor and a better deal. Oh hey,
here's Trump's here's Trump's mantra. The best deals got to
be for people in this country. You, as citizens, get
(34:32):
a premium.
Speaker 3 (34:33):
Why not?
Speaker 10 (34:35):
The whole system is on your shoulders, Jilli and Tech
has told you for the last five decades, we've had
a system that's you know, working pretty well.
Speaker 3 (34:41):
Yeah, it's working.
Speaker 10 (34:42):
Damn well for the city of London, and damn well
for Wall Street, and damn well for Singapore, and damn
well for Frankfurt and these other money centers. It's working
great for the old Garks and Silicon Valley and the
mag seven, the mag seven that hyped all this on AI.
Any Way, their stocks are coming down, and Katie Turr,
(35:06):
I said yesterday, Katie Tourre spent the entire hour yesterday
trying to gin up a Kramer moment where Kramer got
everybody all worked up.
Speaker 3 (35:13):
In two thousand and.
Speaker 10 (35:14):
Eight, you must if you need cash, he told people,
if you need cash in the next five years, you
must sell your stocks today.
Speaker 3 (35:22):
The people on the day shall go, what what did
you just say?
Speaker 10 (35:27):
Katie Terre spent an entire hour on the floor of
the New York Stock Exchanged yesterday trying to gin up
with the bonehead Steve Lesman from Columbia Journalism School, never
traded us, never sat in a pit or traded in
his life, knows nothing about capital markets are really economics, just.
Speaker 3 (35:46):
A big liver lipped liberal spouting his nonsense.
Speaker 10 (35:52):
They sat there and trying to gin up a route yesterday,
they tried to gin up a panic. And let me repeat,
Katie Turur doesn't know the difference preferred stock and livestock.
And to have her down there shows you how pathetic
MSNBC is.
Speaker 3 (36:12):
Let's go, Can I play the clip? I want to
go to listen?
Speaker 10 (36:16):
Judges right, now are trying to They're trying to get
a contempt charge on Trump. They're trying to stop Trump
in every aspect, including terrorists, which now they're suing like crazy.
Speaker 3 (36:25):
The judicial insurrection.
Speaker 10 (36:27):
In the United States is the main event of the
Trump agenda going forward. In Brazil, our great ally Bolsonara
is on trial for his life for why questioning an election?
Why do they come after Trump for insurrection, questioning a
stolen election? Four years in prison for La penn In
(36:48):
France Romania they threw out the winner's election.
Speaker 3 (36:52):
Nope, can't do it.
Speaker 10 (36:54):
And in South Korea last night they removed the president.
Now is this guy the greatest guy in human history?
Probably not, but he's in anti communist, anti CCP, duly
elected by the South Korean people, and somebody better wake up.
I would like to have seen Pete, and I realized
Pete was making the distinction of the three island chains.
(37:16):
But man, oh man, a stop in South Korea have
been very important. We got us somehow, some of the
state department, defense departments, somebody got step up to the
plate and say, yo, what's the CCP doing here? We
just went to war with the CCP last night heck,
they got ships all around Taiwan. Oh, just an exercise,
(37:36):
totally random. I don't know how that occurred. They punched
back last night. They're gonna give as good as they get.
They say, oh trade, good luck with that she as
your economy melts to the ground. Let's play this clip
at South Korea, folks, we're not back. We got it back, Bolston,
and we need to come out.
Speaker 3 (37:55):
First.
Speaker 10 (37:55):
Off that judge or though Ophak ruling on him, and
cut his visa off, cut his passport, anything he's got
to the United States, cut it off, seize all.
Speaker 3 (38:04):
Their assets up here.
Speaker 10 (38:06):
Start playing smash mouth with Lula's government and these judges,
and tell him you ever come to the United States again?
Speaker 3 (38:12):
You ever flying?
Speaker 10 (38:12):
I think he went to the University Texas Dallas, get award.
We're going to lock you up in South Korea. We
got a big problem. Let's go and play the clip.
Speaker 12 (38:42):
Cha Chicago.
Speaker 10 (38:51):
You can see it underneath what it's saying. That's in
the original Korean, and that was live a little while ago.
Colonel Mills joins us. What it basically said is that
they've been peaching and removeding from office, and they give
them X amount of time to get to the presidential palace.
They rolled on this one hard and they rode fast. Uh,
Colonel Mills, we got a minute here. I'll hold you
(39:11):
through the brake. What the hell happened here?
Speaker 13 (39:15):
Well, this is Chinese unrestricted warfare. But more and more importantly,
this is political warfare. We'd taken our eye off the
bubble on what's going on, and we also been focused
on Taiwan while they just took out our right flank.
And the judges caved eight to zero sustaining the impeachment.
Speaker 3 (39:35):
They had to have six.
Speaker 13 (39:36):
If only two of the four conservative judges had held
their ground, it would have been it would have been.
Speaker 3 (39:42):
Un back in office.
Speaker 13 (39:44):
But this is this is absolute political warfare. Our experts
have no clue air quote experts have no clues to
what's going on.
Speaker 3 (39:54):
This is a total pervasive Chinese Look at that. Look
at that right there? You saw one of the transgender flag.
Speaker 4 (40:00):
Yeah.
Speaker 13 (40:00):
See, yeah, it's all about the flags. They were waving
the blue and green common and the transgender antifa communist flag.
The other side was waving the South Korean and the
American flag.
Speaker 3 (40:13):
I call it the.
Speaker 10 (40:16):
Yeah, hang on for a second, I'm holding through the break.
We're not saying you is un is not Ronald Reagan,
but he was a conservative. He was in there, and
this thing came out of nowhere. I mean, the other
guys had kind of been reprieved and this came out
of nowhere. They moved unanimous, including four conservative judges, but
the judges just to connect dots. The judges removed the
(40:39):
sitting president that won a far and square election and
was complaining about election interference, an election fraud when this
whole thing started with the martial law incident happened, and
you're right, with everything around Taiwan, it's time now to
look at South Korea back in a moment, huge Stephen k.
Speaker 3 (41:04):
In times of.
Speaker 10 (41:04):
Turbulence right now, Gold every couple of days sitting at
all time high back and off a little bit. And
I think that's a good sign for how Trump's tariffs
are playing, and really the resetting of the of the
geoeconomic order to make sure that we can start to
work down this trade deficit, because that's where we got
to get to.
Speaker 3 (41:23):
I'm not sure you're ever going to pay a nickel
on the face amount of the debt. I'm not seeing it.
Speaker 10 (41:29):
If we can pay the interest without having to increase
the interest payments. We'll be lucky because the interest is
not going to explode. I guess it's coming down under
four percent. It'll help, but the interest, just given the
scale of the debt, is going to get over three
and a half dollars gross amount. Birch gold take out
of your front right now. The first thing you want
(41:50):
to start with, I think the simplest is text ban
and B A N and at nine eight nine eight
ninety get the free bro Sure investing a gold in
silver in the Era of Trump. The Ultimate Guide. This
kind of walks you through the basics bang bang bang,
(42:11):
and then you can get in touch with Philip Patrick
and the team at Birch Goldheim walking through it. Also,
the end of the Dollar Empire really wants you to
read the six free installment Modern monetary Theory. You'll see
the concept the idea. If you've got two big ideas
playing that one is monetary theory, which hey, deficits don't matter,
(42:32):
it doesn't matter.
Speaker 3 (42:33):
Let's just run them up. See how that's working out
for us. The other big theory is unitary executive.
Speaker 10 (42:41):
That would be Donald Trump Chief Executive Commander in Chief,
Chief Magistrate and Law enforced Chief law enforcement officer of
the United States Government. We're battling that one every day
in a federal court. So make sure you go to
birch Gold dot com slash Bannett, get in touch with
Philip Patrick team. Those are guys you need to talk to.
(43:01):
And what you want to discuss is physical gold.
Speaker 3 (43:05):
You want it.
Speaker 10 (43:06):
Where you put it is your choice, but you want
to have it and have access to it now more
than ever. So John Mills, tell me, give me the
solution here. It's sixty days. We had years to plot
and plan the return. They've got sixty They dropped this
thing on them right away. It sounds like this thing's
(43:26):
totally rigged and cooked. But hey, I'm just an outside observer.
So starting now, sixty days from today, they will have
a new presidential election.
Speaker 13 (43:37):
This get take a deep breath, get take a day
or two of rest, and then get back on the
ramparts South Koreans.
Speaker 3 (43:45):
What they're trying to do is destroy hope.
Speaker 13 (43:47):
And I've been watching so much social media from the
South Koreans.
Speaker 3 (43:51):
It's what we went through.
Speaker 13 (43:53):
Initially after January sixth January twentieth, it's over.
Speaker 3 (43:57):
There's nothing we can do. We'll never have a free
election ever.
Speaker 13 (44:00):
Again, that's what they're trying to do is destroy hope,
destroy hope.
Speaker 3 (44:06):
Hey, just like us, shake.
Speaker 13 (44:08):
It off, get back in the game, get back on
the ramparts.
Speaker 3 (44:12):
Let's show these three slides real quick. But he's the
first one, and just for un in the center.
Speaker 13 (44:18):
You know, you're right, Steve, he was not Reagan or Trump,
but he was a good first try. It's just not
in the DNA of the Conservatives. But they came together
under un. Now it's Han is the president. He's been
reinstated because he was impeached also, but that would overturn.
So Han's not, you know, a super duper. He's more like,
(44:38):
kind of excuse me, a Mitt Romney.
Speaker 3 (44:41):
But there's others. But Lee is on the left.
Speaker 13 (44:44):
He is a communists again, he calls us occupiers. Those
are fighting words. Let's go to the next slide. Please,
this is really what happened. Our air quote experts were asleep.
They were focused on the North Koreaan penetration of the
society that went away ten fifteen years ago. And we've
(45:05):
talked about unrestricted warfare. The tip of the armor piercing shell.
In China's unrestricted warfare is political warfare, which we have.
Speaker 3 (45:18):
Our capability went away in the fifties. For that.
Speaker 13 (45:21):
The Chinese commonists have totally penetrated the South Korean government, society,
and the election processes. The National Election Commission, the Association
of World ECONOT World Election Bureaus had USA bumper stickers
all over their website. Things that shocked me was drug liberalization.
Speaker 3 (45:42):
I was shocked.
Speaker 13 (45:43):
I didn't realize what had gone on in South Korea. Hey,
I know we have libertarians watching the show. I know
we have the old aunt Sally needs it because of
her cancer. This is the camel's net. This is for
destabilization of society. The LGBTQ advocate to see. I call
it the Colorado strategy. This is how Colorado was undermined.
(46:06):
Its same game. But what we need we need an
ambassador over there, just like our two highest ambassadorial priorities,
South Korea and the Bahamas. South Korean. The Bahamas got
sixty days, got to get it together. And you know
they have three different folks. They got on who's in
the National Assembly, Kim, who's the labor minister, Hang, who's.
Speaker 3 (46:27):
The mayor of Degu. These are more toward hardcore populous.
We got to get together in sixty days.
Speaker 13 (46:35):
And I know the South Koreans and the Wu Maus
have been all over social media, all over social media.
Speaker 3 (46:43):
For the South Korean Our brothers and sisters of South
Korea will be.
Speaker 10 (46:46):
All over this like Brazil. And there's action happening on Brazil.
We can't talk about now, but things are happening. And
the South Koreans say, I've spent so much time there
as a naval officer and later as a financier and
a businessman.
Speaker 3 (47:00):
Uh, and they are just great people, I mean, great people.
It is a.
Speaker 10 (47:04):
Amazing country, amazing people. Uh. And they're a great ally,
I mean, and they are an aw I. Now we've
got some issues on trade, but hey, we'll work all
that out. But right now, with all the focuses on Taiwan,
the CCP, this is one million percent back by the
Chinese Counties Party. And you've got some radical elements over there,
(47:24):
some radical elements just like we have here. This is
like a color revolution. Color revolution comes career, Colonel Mills.
You're putting up stuff all day, John, Where do they
go to get all your information.
Speaker 3 (47:36):
Thank you, Steve.
Speaker 13 (47:37):
Colonel Rhett John to Colonel rit John two on X
Colonel rit John. Colonel Rhet John on substack, Colonel rit
John on substack, also on Getter and Truth.
Speaker 3 (47:49):
Thank you Steve, Thank you brother. Okay, the right stuff
is going to take us out. What a week.
Speaker 10 (47:58):
Taking on China, restructuring the world's economy, securing the southern border,
shipping bad guys out of here, to porting the bad
guys out of here, working through the one Big beautiful,
one big Beautiful Bill and Bloomberg's reporting. Guess what progressives
(48:18):
and liberals doing something you have never done, and that
is raising taxes on the wealthy to help pay for
this mess. The President Trump's down now in Durrell with
the Live Golf Tour. His biggest deal, I think gets
announced on the eve of Augusta National The Masters next week,
where President Trump has brought together and saved the PGA
(48:41):
Tour and Live and put them both together in an
overall structure that the Justice Department will approve President Trump
doing deals at Durrell. Short break back in the worm
in a moment
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