THE WAR ROOM WITH STEPHEN K. BANNON, MAY 1ST, 2025 (EP.4453)

THE WAR ROOM WITH STEPHEN K. BANNON

GUESTS:
DAVE WALSH 
CHARLES BENOIT 

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Episode Transcript

Speaker 1 (00:00):
Planet.

Speaker 2 (00:00):
But I can tell you that right now we have
over one hundred, one hundred countries that are calling us
like morning, noon, and night, dying to make a deal.
We're in a great position of strength. We'll make great deals.
And when we don't make deals, Steve, and we're just
going to set the deals. We'll say that country is
going to pay a twenty percent tariff, that country is

(00:22):
going to pay fifteen percent, another one's going to pay
thirty or forty percent. Because we have a big deficit
with a certain country, we're going to pay thirty, forty
to fifty sixty percent.

Speaker 1 (00:33):
So we'll just set those deals.

Speaker 2 (00:35):
I could set those deals tomorrow and.

Speaker 1 (00:37):
Do away with negotiating.

Speaker 2 (00:38):
But when negotiating with South Korea, we're negotiating with Japan,
We're negotiating with a lot of different to many many.
India is a very big they want to make a
deal so bad. I'm not telling anything out of school.
We're going to make great deals for America instead of
bad policies.

Speaker 3 (00:56):
So what we're talking about, Steven, why I needed you now,
thank you for joining us. Is Carville saying the tax
cuts for the billionaires, the tax cuts for the top
That's what Trump's about, and that's killing us. You say
not this time.

Speaker 1 (01:15):
Yeah, absolutely. I mean, look when when Biden and.

Speaker 4 (01:17):
Schumer in Pelosi rant things in January, February, March, April
of twenty twenty one, did we see a tax hike
on the billionaires? You most certainly did not. Never even
got a committee. Why the Democratic Party is owned by billionaires.
That's why you have a billionaire class, a credential class, James.

(01:39):
They've abandoned what used to be Clinton's base. They abandoned
the working class folks in this country. They abandoned Democratic
families like mine. They abandoned it. And that's what President
Trump is trying to reverse. Is what really started with
Bush forty one in Clinton is globalization.

Speaker 1 (01:55):
Bill clin is going to respond, it was Bill.

Speaker 4 (01:57):
Clinton that allowed the Chinese Communy Party into the World
Trade Organization. By the way, both parties did at the
neoliberal New yorkon and that's why both parties are.

Speaker 1 (02:06):
Responsible for this. President Trump, this is a revolution.

Speaker 4 (02:10):
You're one hundred days into this, and that's what we
try to do is redo the entire commercial relationships of
the world that focus not just on America first, but
American citizens first, and particularly working class in middle class
to bring high value added manufacturing job.

Speaker 3 (02:26):
So Steve says that he's going to raise taxes on
the ridge to help pay for the tax cuts for
the middle class this time.

Speaker 1 (02:35):
I hope that Shave is right, as you know, it.

Speaker 2 (02:38):
Was one at the Supreme Court. And what we're doing
is we have a country that's based solely on merit now.

Speaker 1 (02:45):
And that's the way it is.

Speaker 2 (02:46):
If somebody's out there doing a great job, and this
includes getting into colleges, if you've worked really hard, and
we don't look at race, we don't look at color,
we don't look at height or shortness or wait, if
somebody is doing doing a good job and they worked
and they got great marks, and they got great board numbers,
and they get rejected at this Harvard, which has been

(03:09):
so disgusting, so horribly, I mean, so think of it.
They hired Bill de Blasio and Laurie Lighte, but the
two worst marriage in the history. They pay him a fortune.
But that was the course that teaching management. The Coors
tell you that the course, even on merit.

Speaker 4 (03:26):
Also went out of his ways to make sure the
historic black colleges and universities were well financed and has
sound financial footing, right, so people get opportunities and get
access to college. If they can't get into these other colleges,
they get in college there. Some of those are some
of the greatest. Hampston Institute in my home state Virginia
is one of the finest colleges in the country.

Speaker 1 (03:46):
Right.

Speaker 4 (03:46):
President Trump has gone out of his way to do that.
President Trump is somebody for every American. It's about being
an American citizen, and he's fighting for that every day.

Speaker 5 (03:55):
I think we're at a very high leverage moment where
there is an attempt to essentially consolidate something that looks
like a presidential dictatorship, more similar to the kind of
system that they have in say Turkey, than what we've
had in the US. I don't think that that is
by any means guaranteed to be successful. In fact, I
think it faces lots of obstacles. But I do think
it could go either way. And I guess my question

(04:16):
to you is, if we were to speak a year
from now, are you confident that the rule of law
will be stronger and this president weaker in what he's
trying to do?

Speaker 1 (04:28):
The constitutional order or the same or worse.

Speaker 6 (04:33):
I'm confident that the people of this great country, and
some of theo might be sleeping right now and not
paying attention, will wake up, and I am confident that
they will take to the streets and raise their voices
and push back against those authoritarian impulses and demand that

(04:54):
our democracy be restored.

Speaker 1 (04:58):
This is crimal scream of a dying regime.

Speaker 4 (05:03):
Pray for our enemies, because we're going to medieval on
these people.

Speaker 1 (05:08):
You've got a free shot. All these networks lying about
the people. The people have had a belly full of it.
I know you don't like hearing that. I know you
tried to do everything in the world to stop that,
but you're not going to stop it. It's going to happen.
And where do people like that go to share the
big line?

Speaker 7 (05:23):
Mega media?

Speaker 8 (05:25):
I wish in my soul, I wish that any of
these people had a conscience.

Speaker 1 (05:30):
Ask yourself, what is my task and what is my purpose?

Speaker 2 (05:34):
If that answer is to save my country, this country
will be saved.

Speaker 7 (05:40):
Or use your host, Stephen k Man.

Speaker 4 (05:48):
Thursday, one May, You're a Lure twenty twenty five. Dave
Walsh is my co host for the next couple of
hours day. Thank you so much. I know you don't
get in town as much as as you want, or
maybe you get intown more more than you want. It's
I know you're you're Florida man, so I know it's
tough to get you Florida guys up here.

Speaker 1 (06:07):
But thanks for coming, Thanks for coming by, Thanks for
having me.

Speaker 4 (06:09):
Steve a lot of energy and a lot of the
economics and trade and all that. But there's a couple
of things that pop in the day as we come on.

Speaker 1 (06:18):
We're gonna get into that a little bit.

Speaker 4 (06:21):
Last night at the town hall, I want to give
a hat tip to News Nation. They tried to pull
it off, very ambitious. I know the President loved it.
He was on for thirty minutes. He'd just stayed on
for another thirty, but he had backed up CEOs outside
the Oval office to to kind of get into from
his following from his his the great day he had

(06:44):
yesday with all the CEOs and the speech and all that.

Speaker 1 (06:47):
So he worked, you know, ten or eleven o'clock.

Speaker 4 (06:48):
I think for the Oval, working with these folks, it
was pretty extraordinary.

Speaker 1 (06:53):
We got into a lot of it.

Speaker 4 (06:56):
The ID I opted out of going up and doing
it long, which was offered and was great. I was
really appreciative of the News Nation folks. But it's just
so much going on here. It's so tough to even
move the show and to try to do following up there.
It's just things are happening, and all happening good because
the second hundred days is off to a rip. And
as we said, this is probably we laid the predicate

(07:19):
in the first hundred days, you're now going to deliver
even more in the second And this is what it's
going to get very gnarly because you have the convergence
of this constitutional crisis with the economic situation and clearly
the everything doing with the war and the Kinnecticut part
of the Third World War. Dave Walsh, how are we

(07:39):
doing in your mind? And I'm trying to get Mike
Davis up here early. We're packed today with folks, But
how do you think we're doing? First off, President Trump
has a mindset that in order to get the economy
like he had it in twenty nineteen, you need his
first predicate, even before interest rates and before the.

Speaker 1 (08:00):
Cost of money and all that.

Speaker 4 (08:01):
His absolutely foundational element is full spectrum energy dominance. So
in your assessment of the first one hundred days. Where
do you think? How do you think we're doing well?

Speaker 9 (08:14):
The centerpiece of the first hundred days, the EO on
the National Energy Emergency, is a big deal.

Speaker 1 (08:20):
It's real. Walk people through that we.

Speaker 9 (08:22):
Have a massive electric power shortage in the country already,
the ERK National Electoral Liability Console revealed for the summer
of twenty four and then the winter of twenty five,
twenty four to twenty five, we have about forty percent
of our population and then in the winter about sixty
percent of our population exposed across five regions, five nerk

(08:42):
regions in the country to under normal above normal weather conditions,
the high possibility of bronots and blackouts, just like half and.

Speaker 4 (08:52):
In Spain this week. Put that in perspective of a
modern American history. Let's say, from the arab Ol embargo,
is this unusual and before is that a normal course
of business thing that pops up? Or is this pretty
extraordinary and relates to an emergency?

Speaker 9 (09:05):
This is massively extraordinary, massive, and it's a symptomatic of
reserve margins shrinking badly.

Speaker 4 (09:12):
But it's predicated upon the buy in of corporate America
and the rate and the in the political class are
getting paid off in the regulators in the States and
at the federal level in the decarbonization. This is this
is the early stages of what happened in Germany. Correct,
And that's what I want every in this audience understand this.
What's going on behind the scenes. Is there de industrializing

(09:34):
America through energy policies.

Speaker 9 (09:36):
This is due to the mass over adoption of very
very part time, very intermittent power generation resources, with the
premature closed down of a whole bunch of nuclear, coal
or even gas, taking all real and.

Speaker 1 (09:51):
And and hang on to add.

Speaker 4 (09:54):
Insult to injury that all the component pieces and the
manufacturing of those things we're putting on are all made
manufaction in China.

Speaker 1 (10:01):
And we all do that with big tax.

Speaker 4 (10:02):
SEFs, essential tax sepsies from American from America. That is insane.
That is the definition of insanity. That you would take
off your proven base load to go to something theoretical,
and that that theoretical you would see, would put you
into a situation like Spain and Portugal of energy shortages
at the times you need them, big hot summers and

(10:25):
cold winters. And at the same time, what's actually producing
this is made by your mortal enemy, and American taxpayers
are underwriting that is that actually where we are.

Speaker 9 (10:35):
That's where we are, and especially in huge regions of
the country PGM here, Maso, Midwest and California KAISO. We've
taken down these resources way in advance of any of
the renewals even being installed, based on environmental compliance with
EPA dogma from the Obama era which was all about
shutting down coal and then the Biden era, which put

(10:58):
that into high gear, absolutely high year. We've shut down
these base load, continuous duty, highly effective electricity production sources early,
even before this this nonsense of short, short time intermittent
stuff has been installed. So we're way way under where
reserve margins should be to deal with the peak hot
day or a peak all day in the winter. Reserve

(11:20):
margins used to be twenty five percent twenty twelve. Now
they're down to fourteen point nine my calculation when you
remove some of the word salid the utilities used to
describe demand management. Now demand management means voluntary and involuntary.

Speaker 1 (11:33):
Yeah, demand managements. Cut your ergendis.

Speaker 4 (11:36):
Voluntary and involuntary, or we're going to cut it off
for you.

Speaker 9 (11:39):
Load shed load shed is fancies peak for we don't
have enough power, these phrases of nowlge.

Speaker 4 (11:45):
It's not making America great, that's time. That's America were
coming back. That is not coming back and being a
manufacturing superpower, is it.

Speaker 1 (11:53):
Yeah, you'd have to go.

Speaker 9 (11:54):
Electricity was commercialized in about eighteen eighty five, so you
get about nineteen thirty. It became completely dominant and abundant
supply for industry, leading into World War Two, where it
became very abundant to meet the manufacturing requirements of that
huge activity. This is this is massively unusual for eighty years,
eighty years of commercial electrification being a dominant thing to

(12:16):
have a shortage of generated power, not from lightning strikes
or tornadoes or hurricanes, but a shortage of generated power.

Speaker 4 (12:23):
And self inflicted, self inflected, totally, totally, totally by the
upper hands. And the people have paid for this through
higher rates, much higher rates, much higher rates. And they're
they're they're tax may they're underwriting it by getting less
tax revenue because we're building it in the Chinese countries,
Party are building the component pieces of what's.

Speaker 1 (12:44):
Going to take over.

Speaker 4 (12:45):
You would almost I'm not a conspiracy theory guy, But
it's almost so well thought through. It's like the invasion
on the southern border. There's something not there's something screwy
with this. It's so awful, right, it's so often you
see what happened in Spain. Has did Trump's EO cut
to the heart of this?

Speaker 1 (13:03):
On the natural energy emergency?

Speaker 9 (13:05):
Well, this nearly happened in Germany in November for ten days.

Speaker 1 (13:09):
In Germany we had.

Speaker 9 (13:10):
The dunklefrenud, that is doldrums from lack of wind for
ten days. Germany nearly lost its grid in November. Already
in the United States in twenty twenty four, the Southwest Powerpool,
which is fifteen states Arkansas through Wyoming to Minnesota. Missouri,
had had three days in the summer last year twenty

(13:30):
twenty four where they installed resource advisories, conservative operation advisories,
a higher standard, then finally an emergency alert in a
three day period due to wind thirty four thousand megawats
a wind up there falling to twelve hundred of production.

Speaker 1 (13:45):
Same thing has happened in Spain.

Speaker 9 (13:47):
Fortunately it took three days for that decline and wind
power to occur. In Spain, the solar drop happened in
a few minutes, about fifteen thousand megawats dumped off the
system because of the Southwest Bain lack of solar looks
like the most plausible thing.

Speaker 1 (14:03):
Give me, we get We'll hang over second. I'm gonna
get you back. I want to get more run away
in the Spanish thing because I still don't.

Speaker 4 (14:09):
And the fact that there are a bunch of articles
is saying we were thirty of sixty seconds away from
the entire continent of.

Speaker 1 (14:15):
Europe going black. So I'm want to get to all that, folks.
This is a self inflicted wound. This is what is
one of.

Speaker 4 (14:23):
The core things of President Trump of being back, returning
America to her greatness, is to stop this freaking madness
of the elites in this country that are out of
control totally and completely. The run up the Rio reset
on July sixth in Rio de jan Era, Brazil, the
Bricks Nations are going to meet and the Chinese Coumties

(14:43):
Party is going to try to run the table. In
the United States of America, a dedallarization effort go to
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Speaker 1 (14:57):
With Dave Olsh In a moment, use your host Stephen K.

Speaker 4 (15:01):
Baan into the Dollar Empire virtual dot com slash Bannon.
Make sure you get access to all of We're gonna
have a lot more updates the Road to Rio. Got
some very special guests next week to talk all about
this the dollar currency Brenton Woods.

Speaker 1 (15:17):
What you need to know, what you need to know.

Speaker 4 (15:19):
To to assist and support President Trump is now we
get this big economic agenda through John Thune.

Speaker 1 (15:27):
Finally in the Great.

Speaker 4 (15:29):
Mad Boyle I think had a piece on this over Breitbart,
Scott Bessant and John Thune, the cavalry kind of finally
arrived at least on getting some sort of process so
much what's important in this town.

Speaker 1 (15:44):
You've got to have a process.

Speaker 4 (15:45):
You have to have a process that has some sort
of logic to it.

Speaker 1 (15:50):
It's one of the issues I'd love what Doje attempted
to do.

Speaker 4 (15:53):
I'd like to have a little more process in it,
particularly in waste fraud and abuse, not programmatic changes. Programmer
change are critically important. In fact, that's going to be
the big knife fight at the end, but you need process.
They put process into this kind of the Great Big
Beautiful Bill.

Speaker 1 (16:08):
The Great Big Beautiful Bill is two things kind of simultaneously.
We're three number one. It is the reconciliation.

Speaker 4 (16:15):
It's going to be a spending, massive kind of spending bill,
and a debt ceiling relief. The reason they're going through
all these gimmicks and backflips is because they don't need
sixty votes if they do it this way.

Speaker 1 (16:26):
So there's all kind of gimmicks you have to do.
They don't get.

Speaker 4 (16:28):
They do it for fifty votes or fifty one votes.
The spending thing is all upside down. We had Senator
Ron Johnson, your stay, say point blank he needs to
see five training cuts or he's not going to vote.

Speaker 1 (16:42):
So that's all coming about. But Speaker Johnson's.

Speaker 4 (16:47):
Point that this is going to be done by moral day,
I just don't think is accurate. So you have the
whole spending part of this, and we're going to make
sure you get in totally to the details.

Speaker 1 (16:55):
You then have a tax part of it.

Speaker 4 (16:57):
Obviously, we're making the case that the biggest tax cut
in American history for the middle class and working class
is upon us. You extend the seventeen tax cuts. You
then add no tax on tips, no tax on social Security,
no tax on overtime. And President Trump reiterated in Michigan
and then reiterated again at the Cabinet, and then reiterated.

Speaker 1 (17:19):
Again last night on the town Hall of News Nation.

Speaker 4 (17:23):
Also, there's all there's going to be one billion different
things tucked into this bill. Because this bill is going
to be I don't know, fifty thousand pages. There's going
to be all kinds of things tucked in there that
we're going to have to go through. And we commit
to you, if you've got a team of this, we're
going to break it all down and every day you're
gonna get highlighted. You this audience took out already. You

(17:43):
killed one of the big things the lobbyist and the
swamp were working on, and that was in.

Speaker 1 (17:48):
The reconciliation bill.

Speaker 4 (17:50):
Changes and have in one big beautiful bill, have one
big beautiful agency.

Speaker 1 (17:54):
Get rid of the FCC, get rid of the FTC,
all that.

Speaker 4 (17:56):
And our point is we're in for the We're for
the dcon instruction of the administrative state, and for deregulation.
But you definitely need some regulatory apparatus, and President Trump
has got all star teams and has downsized these. He's
got all star teams of these agencies. And these agencies
are the tip of the spear of taking on the

(18:18):
o lug Arks, which are creations of the progressive part
of the Democratic Party, and we're kind of left with them,
and a lot of them have their nose under the tent,
and some of them are trying to get inside the
tent and they try to What they try to do
here is get rid of the FTC because why why
would you go with the FTC now? Because it's the
one that's holding Zuckerbucks accountable, it's the one that's got

(18:40):
human trial. It's the one tip of the spear that's
trying to break up Facebook.

Speaker 1 (18:46):
Essentially, and they want to do away with it.

Speaker 4 (18:48):
It was your phone calls, you're going to Article three,
you're going to Bill Blaster getting in touch with people
on the committee. They stopped it in twenty four hours
as soon as you expose it and get people on it,
and they and they're like shock, why are why are
these constituents like colinos and yelling and screaming you can't
do this?

Speaker 1 (19:06):
Why would they care about the FTC.

Speaker 4 (19:08):
That's the old days, the old ways Washington worked was
was was to do it behind closed doors. The fat
cats and the three martini lunches and the smoking the
cigars and cutting deals. This is one of the things
that if you see with President Trump every day he
walks into the Oval and he just has the press there.
It's called disintermediation. That's a fancy Harvard Business school term

(19:30):
for take out the kind of blocking middleman and just
expose whatever to the thing itself.

Speaker 1 (19:36):
This is what we're trying to do here in the
war room.

Speaker 4 (19:37):
This is why with Dave Walsh is exposed on energy
because for years I couldn't figure out the German thing,
and I couldn't figure out here, and I couldn't figure
out the neck carbon zero. I said, it's all like
a cult. It makes no sense. It just it's it's
it's bizarre. Then you find out there's actually quite systemic.
It's the it's the economic equivalent here of the border.

(20:01):
It's not chaos, Biden, these guys had a very well
thought through planning to get as many people up here
as possible. In fact, that mentality, remember the Langford Bill,
it was going to be two million illegal alien evaders
a year.

Speaker 1 (20:14):
Two million.

Speaker 4 (20:15):
That's the lies you were told, and people kind of
accept it. Now we beat it back. This audience beat
it back. But there's a mindset in this city to
say in the perio camp and say, hey, that's probably right.

Speaker 1 (20:25):
We've been doing this twenty five years. The same thing.
On energy.

Speaker 4 (20:29):
What is happening, if I can just frame it, is
that the utilities, it's a little bit of regulatory capture.
The people around it, the lobbyist people are making a
ton of money on this, and the ratepayers are a
little bit of sleep because somehow they're bibing and weaven

(20:50):
and how they're raising these rates. Your electricity bills going
up substantially, the availability of constant of good old fashioned
American constant energy. At any time, you're being told, hey,
in the middle of summer, you got to cut your
air condition up to eighty, right, or you know, in
the middle of winter you got to cut your heat
down to forty. At the same time, what the alternative

(21:12):
they're doing this kind of crazy wind to solar, all
that which will never be a base load that can
power an advanced industrial economy. Oh, by the way, all
those parts are made by our greatest rival, right China.
And it turns out there's tax breaks all over. I
think there's sixty billion dollars this year that are in

(21:33):
tax tax benefits for the menu, for people buy, for
the manufacturers in China.

Speaker 1 (21:39):
It's insane. This program every step of the way, screws
the deplorables. Sir no, it does.

Speaker 4 (21:47):
I mean.

Speaker 9 (21:47):
One of the things if we look at the last
five years, including this year, because of the incentives and
developers and utilities jumping all over this opportunity to profit
from incentives and from if you're a regulated utility, the
asset churn benefit of getting ten point eight eleven percent.

Speaker 4 (22:04):
Guarantee, greater return guarantee on new capital, new capacity exactly
whether a new capacity will be in the green capacity goes,
it will be more sellable.

Speaker 9 (22:13):
Politically correct, more sellable can get permitted and offers a
massive return because of the incentives, but also because of
the tax act the makers. The accelerated appreciation this stuff
is another there's forty two billion a year being spent
on tax incentives to incentivize this stuff, which is now
seventy percent solar.

Speaker 1 (22:30):
Come all that coming from China.

Speaker 9 (22:31):
We're incentivizing that, plus in the tax code another eleven
or twelve billion of pull forward depreciation allowing very rapid
depreciation of this stuff.

Speaker 1 (22:40):
So you're looking at.

Speaker 9 (22:41):
Its incentivized to the tune of fifty two to fifty
three percent all in. That's what they're investing in utilities
for the messaging and developers for the incentives. So if
I look in the last six years, five years we've
been the ninety one percent of new US capacity has
been renewable, part time, intermittent, very low value energy stuff

(23:02):
that at peak time of day, for example, seventy percent
of that is solar. At the peak time of day,
the solar accredited value ranges from eight percent to about
fifteen percent of its of its named rating plate. Because
when it's cold at five six in the morning and
powers needed, it's not there. And then in the evening
at between four thirty and seven thirty, when the temperature

(23:22):
remains very high in Texas, in the southeast, in California,
solar goes away rapidly. The temperatures hang in there, demand
stays way up, and you've got shortages. And we've got
half of the grids in the country now at the
grid level who aren't in charge, but who comment on
these What the authilities are doing crying and ringing the
alarm bell that they're all in shortage. Here's PGM broadcasting

(23:45):
the chairman of PJAM that right here where we're sitting
next year, you've got power shortages imminent.

Speaker 4 (23:50):
Here they're telling they send a letter out, this letter,
the letter, this letter right here to stakeholders. Every time
you get stakeholder letter, get what is that letter? Help people?

Speaker 9 (24:00):
In December from the chairman of PGM. Right not oil broadcast,
but he's a big deal. Yeah, that one on the
front page of the Washington Post should be pgm's a
whole grid here right here in Virginia, Pennsylvania, Ohio, Kentucky,
Westba blah blah blah, thirteen states, thirteen states. He's indicating
that by twenty twenty six, twenty twenty seven delivery year,
we will not have enough electricity.

Speaker 1 (24:23):
I e. Just what happened in Spain. He's telling everyone that.

Speaker 9 (24:27):
And he's also saying, Okay, because these are mainly deregulated markets,
guess what they have to wait for investors to bid
in building new capacity. And he's saying there's a ten
percent chance that what's been bid in would actually occur
looking at them, therefore the problems worse than I'm saying.
That's basically what he's saying. It's a horrendous. And this
is MISO is saying this. Even Weck, which includes California

(24:50):
organ they're saying the same thing about their region. This
is this is being articulated by the gridheads. What happened
in What happened really in Spain? And how close that
come to shutting down all Europe? Well, Spain's curious. Spain's
gone to sixty six percent of its installed base of
power generation is now solar, about half of that wind

(25:10):
about half of that. What appears to have happened in
southwest Spain. The day this happened was a mild temperature day,
sixty eight in Madrid, seventy two in Barcelona, could have
had backwards.

Speaker 1 (25:23):
We heard a.

Speaker 9 (25:23):
Broadcast about high temperature oscillation in the interior, like the
interior it's some kind of score ball place. No Spain, No,
there's no interior, right, it's been Madrid, Barcelona. Good surroguon
for country wide temperatures. On April twenty eighth, in about
seventy so no heat. What happened was some heavy cloud
activity in parts of Spain, southwest Spain, where they've got

(25:44):
a lot of their solar farms. Suddenly within about three
minutes saw a fifteen thousand megawat reduction in production of
power unexpectedly and rapidly, and that caused in a system
that's only twenty seven thousand megawats.

Speaker 1 (25:58):
That's a huge problem. It's half you had a figure
cent drop. Why do they know? Technical problem? Clouds, cloud cover,
cloud cover, no stave. That's that's what this stuff's about.
We're totally depends.

Speaker 4 (26:12):
Is this why it's never going to work in a
place like Florida or Arizona.

Speaker 1 (26:16):
This is this is why it can never work.

Speaker 9 (26:19):
The most it could work is for forty of the
and yours and you're and you're having the Chinese Commis
party make it with the labor and there's your supply
of all of it.

Speaker 1 (26:28):
You're not.

Speaker 4 (26:29):
It's this is things discussing. President Trump's going to lead
us out of this. We're going to talk about it.
Short commercial break Birch Gold dot com. The Road to Rio,
the Rio reset this. Uh, We're going to have an
individual from the American Conservative Unit going to join us
the great magazine, The American Conservative is going to join
us to talk about trades, tariff, China, all of it.

(26:53):
And also I'm going to talk about the dollar as
a weapon short break back in the month.

Speaker 8 (26:59):
Countries from all over the world, because of President Trump's leadership,
are desperate and dying to make trade deals with the
United States. We're going to evaluate each of those deals
in President Trump is personally involved in making sure that
these negotiations serve only one interest, which is the interests
of the United States of America, and we'll end up
with the deal in these cases where yes, the other

(27:19):
countries obviously will have their own demands and their own interests,
but nothing will go into effect that doesn't serve the
interest of America and the American people.

Speaker 7 (27:28):
When you look at the sweep.

Speaker 8 (27:29):
Of the first one hundred days, every single crisis that
has afflicted America for years, sometimes decades, sometimes generations, this
president has fought head on. He has taken on every
entrenched power, structure and system all across this government, this swamp,

(27:52):
this town. That includes, of course the DOGE. Efforts to
slash corrupt, wasteful government spending, graft and corruption and to
stop billions of taxpayer dollars from going to radical left NGOs.
These are left wing nonprofits that are used to advance
illegal immigration, to advance open borders, to advance gener idiology,
and to advance all of this insanity that has been

(28:15):
turning our country in the wrong direction for so many years.
President Trump took head on the trade crisis of flicking
this country with the destruction of our manufacturing and industrial base,
the shameful betrayal of the American worker by Joe Biden
and the globalists that sent all of our supply chains
over she sees. He took head on the catastrophe of mass,

(28:36):
unlimited illegal immigration that was turning us into a failed
third world state, and achieved the lowest level of illegal
immigration in recorded history without even a close second. He
took on the economic crisis of flicking this country by
reopening American energy, by defeating inflation, by lowering gas prices,
by ending the onslaught and reversing the onslaught of federal regulation,

(28:58):
by reopening coal, oil, natural gas, and fighting now for
the largest tax cut and reform and the largest deregulation
reform and the largest energy reform in American history. These
are just some of the things that have ushered in
the New Golden Age, along with his fight to restore
the piece that we had for four years out of
the previous administration before Joe Biden sunk this planet into

(29:21):
bloodshed and war in the Middle East, in Europe and
rising tensions in Asia. President Trump, in every area of
conflict around the globe, has been fighting to restore peace, security, stability, harmony.
So he inherited an economic catastrophe, a border catastrophe, a
public safety catastrophe, and a cultural catastrophe, and every case

(29:42):
he has reversed those catastrophes and brought America into the
New Golden Age. It is a sad reflection on the
state of our media and many of the outlets represented
in this room that you obsessively try to shill for
this amesterteen terroris well. No coverage occurred in your papers

(30:03):
about any of the Americans that were raped and tortured
and murdered by the illegals that Biden was importing into
our country. You know, you talk about due process. The
Biden administration made the decision right there.

Speaker 4 (30:16):
Stephen Miller, And here's whur I love Stephen no bedside manner.

Speaker 1 (30:21):
You're getting it with the bark on right there.

Speaker 4 (30:24):
But man, remember he ain't reading a script, He's not
looking off a screen. That comes from the heart and
the brain because he's worked on this project as a
grundon on Michelle Bachman's staff in the summer of twenty thirteen.

Speaker 1 (30:43):
I believe it was twenty thirteen.

Speaker 4 (30:46):
Is Michelle Bachman and Steve King, and I'm talking two
or three people in the House maybe five total, that
held off an msty onslaught. That was you had Sergio,
you had Miller, and then later in the Senate was
Setians beat back all of the Bush effort, all the
Republican establishment effort.

Speaker 1 (31:04):
This guy knows it.

Speaker 4 (31:06):
The first policy staffer ever to go in the Trump
campaign in September of fifteen, maybe December fifteen, early sixteen,
as really the first as a speech writer and policy guy,
when they had like three or four people on the plane, Corey,
you know, Hope and a couple of others. Miller knows
that he's now Deputy White House Chief of Staff for policy.

Speaker 1 (31:30):
He knows these policies.

Speaker 4 (31:31):
You're getting it right there, the confronting of the crises
that's afflicted America, right, that's ripped our greatness away from us.

Speaker 1 (31:42):
And that's what you've seen what I call this summer now,
this phase two, the.

Speaker 4 (31:45):
Convergence of these crises are coming together, because that's part
of the resistance and part of the globalist up here.
As you're going to get into this massive, massive, massive
piece of legislation, of which just.

Speaker 1 (32:00):
Understand and in the in the in the UH, in
these huge.

Speaker 4 (32:03):
Bills, they're going to try to screw you every possible way,
and we're gonna make sure that doesn't happen, or we're
gonna go down fighting. Okay, I can't promise ultimate victory,
but we're gonna give as good as we get, and
I think we're gonna get victory. So let's let's get
manned up here. One of the most important is about energy.
Is what President Trump has done today, just heard Miller

(32:25):
right there across the board.

Speaker 1 (32:28):
Is that executive order? Is it a start that's going
to lead us to a place? Is it? Is it
a final product? Is where are we going?

Speaker 4 (32:34):
And particularly is there any because this same kind of
gets rolled up in many different types of areas. What
what concerns me when I look at the trade and
Charles from American Server is gonna join us a moment.
Is you like what's exempted? Why are these solar? Why
is solar still coming in? Why is wind still coming in?
Particularly in President Trump the test win and he ain't

(32:57):
a fan of solar thoughts.

Speaker 9 (32:59):
He's taking a prudent, stepwise process of doing what he
can do to then set up the predicate for getting
at these incentives later legislatively and if not legislatively, through his.

Speaker 1 (33:11):
Proclamation of a National Energy emergency with very why do
we need legislative right now? He's got it's a national emergency? Well, right,
can't he do everything right now?

Speaker 4 (33:18):
He's a Zara booms can't just come in e'shy but
doing in other areas.

Speaker 9 (33:22):
Because of the he's not going to need legislative support.
The tariffs were one weapon, but weapon two is one.
Selden finishes with his study of the of the Obama
era endangerment finding that determined CO two to be the
national issue ahead of any other, any other, any kind
industrial productivity, the welfare human beings, any other that became

(33:42):
the issue once he once Selden unravels that, and I
believe he will with his announced study of that, plus
Lee went ahead with thirty two other regulations.

Speaker 4 (33:51):
And especially saying CO two is a poison gas. Exactly,
it was a quivalent muscle gas in World War One.
Everything has every way worse, possibly worse cosby were But
everything is in the nation people, Folks, you don't understand
how radically these people everything else in the nation has
to take a back seat until because we've got to
get mustard gas out of the air.

Speaker 9 (34:08):
Once that's done, once the EPA is done with that study,
and it takes a couple of months, and then it's
got sixty days of review. He's in a position through
the Energy Emergency, he's announced a ready the president to
peel back these incentives without Congress.

Speaker 1 (34:22):
He could do it now, but this will make it even.
He'll have a more of it.

Speaker 4 (34:25):
He'll have more of an intellectual because this thing is
going to also, folks, the swamp, the lobbies are not
on his side here because they're going to see if
possibility making a lot less money, right, So that's why
he needs to have firepower to go back. I mean,
this is like you've got big energy, you got or hear,
big electricity, you've got big pharma, you've got big tech.

(34:45):
I mean you had these institutional uh you know, structures
that are all sitting here with the fat cats making money.

Speaker 9 (34:53):
It then becomes very hard harder, nominally harder for dominion energy.
The next era, specifically to name a few, to be
proclaiming the CO two is destroying the planet gets a
lot harder for them to stay behind that banner, which
is only a banner of theirs for the last four
or five years. They weren't on this page before. They
just they jumped on this four or five years ago
as a predicate to make money. Look, all the corporations

(35:16):
are by definitions cowards.

Speaker 4 (35:18):
They'll all put the DEI stuff in there and try
to grind you into the ground. They will run to
the progressives. When they saw a way, they all came
on board because said, hey, this thing's kind of the
way the country's going. This is the way the elite's going.
Let's just get on board. There was no pushback from
the by people who should have known better. Right precisely,
there was no intellectual we're doing studies and here it is.
They just climbed on board because then they can go

(35:39):
to the clubs and go hang out and go to
the conferences and have CNBC at the Andrew or Ross
Sorkin at the Green Energy Conference, and all these guys
up there yammering this nonsense.

Speaker 9 (35:51):
Now even in my home state and in West Palm Beach,
Siemens built a two thousand megawalk combined cycle plant and
a few acres of the city of West Paul Beach,
we built a huge plant to the West County Energy
Center okeechobege unit's massive investment by FP and L just
in the last seven years commissioning gigantic super efficient combined
cycle gas fired power plants in Florida when this was

(36:13):
as big an issue in the public sphere. And then
guess what something changed about two years after commissioning all
those plants. Oh, we're not going to build any more
of these now, no nuclear, none of this, all solar
for the next twenty years. So they jump off of
a diversified energy mix to now a single only solar
and battery storage energy mix for the next twenty years.

(36:34):
What changed while they formed next Terra, their holding company
is all about solar, wind and battery storage globally. It
has driven up their stock price. When the pencil heads
looked only at this as an avenue of growth, and
they made a fortune on Wall Street, and now they're
imposing this kind of model on Florida to basically ruin
reliability and drive costs up, which will be right.

Speaker 1 (36:56):
On the rest of the energy.

Speaker 4 (36:58):
His program is starting to kick right and we're seeing
energy prices come down. This is a full electricity is
over here, but the rest of energy prices are starting
to come down, and that rolls through petrochemicals, plastics, everything
else in society.

Speaker 1 (37:12):
Correct the electricity takes time.

Speaker 9 (37:13):
It's going to take the gas and oil cost on
what we've seen already from opening up more production, being
more open to it, more LNG also being produced, We're
going to see electricity prices relax once that gets used
to produce more electricity. That takes time to get more
plants permitted, more combined cycles, and we're seeing it's beginning
to happen. There's a huge gas turban ordering boom underway.

(37:36):
With the premonition of his being elected. This began last Those.

Speaker 1 (37:39):
Gas termines going to be made here are we shipping
in from Germany?

Speaker 9 (37:42):
Well, fortunately seventy percent of the world's supply of those
is made by g e Vernova they're assembled in Greenville.
The generators are built and s connected in Greenville, South Carolina. Yes, sir,
down there to those Greenville folks, probably okay, sixty sixty
percent US content on those. They're also made here, I demens, yeah,
and by mitsu Ishi here, and I don't mind all there.

(38:04):
They're localized, reasonably localized. There's a boom underway for that.
The presage this happening. So this is this is all
and it's going well. The endangerment finding repealing should kick
this into high gear.

Speaker 4 (38:16):
Walsh is one of these guys like Benzman. We got
to use him as much as we can before you're losinghim.
I'm gonna also mention to Bratt when Wallh shows up,
he's got this is the old Goldman. Say you got
you got briefings, you got notes, you've got analysis. Walsh
comes in, he's bringing the receipts. Bratt has gotten a
little too. You know. Bratt is kind of he's kind
of skimming off the top plane off that that tennis

(38:39):
pro look just kidding. I love my Dave Brett, Dave Walsh, incredible.
Walshang on, You're gonna be with me for the for
the next hour or so.

Speaker 1 (38:49):
The uh okay, A couple of things.

Speaker 4 (38:51):
Number one, your exposure of what's happening in Texas and
in Florida on the Electra site People's heads book, I got,
I get. We want to talk about Texas for a minute.
There's more going on down in Texas. They just passed
this This Democratic House just pass this bill. I think
on memes or something. We're going to get into that.
If not this morning, this afternoon, this situation in Texas

(39:15):
not acceptable. Texas is the railhead of MAGA. I'm gonna
give that to that tip even more than Florida. And
we love ourselves some MAGA in Florida, because Texas had
an onslaught of about four hundred million dollars, a source
to turn the state blue. Remember that whole thing Overrourk,
that clown and all that group. It was beaten back
by the MAGA base. Trump twenty four by fourteen points.

(39:41):
That's a sole killer that came from places like South Texas,
in the Riar Grand Valley and other places like that.
Hispanic's starting to flip totally to President Trump. The hard
work of MAGA. Now in this House, you've got this
thing where the Democrats are running the deal, and you've
got this situation with this the all these mosque being
built down there in these Muslim real estate developments. Is

(40:03):
something going on big. We're getting people to the bottom
of it. On the tip of the spear down there
is Patriot Mobile. Is Glenn's story in the team. These
are the best folks in the world down there in
Tyrn County and Terrn County is kind of the railhead
where they've turned this thing around. Make sure any boy
the way, you don't need to be sold on. They
support your values. The service is unbelievable. This is the

(40:25):
best phone service out there because it lays on top
of all the different carriers and they've got every type
of different possibility.

Speaker 1 (40:32):
Go to nine seven to Patriot Today. Do the switch.

Speaker 4 (40:37):
Patriotmobile dot com put in promo code Bannon. You get
a big discake, get the first month free nine seven
to two Patriot talk to an United States citizen that
will guide you through everything. Shortbreak Dave Walsh riding Shotgun
this morning at Integrate back in a moment.

Speaker 7 (41:00):
Use your host Stephen k Back.

Speaker 1 (41:04):
Okay, there is a.

Speaker 4 (41:09):
The reason we're going back and forth. Look this this
morning there's a lot going on here in the Imperial Capital.
Story's leaking now for multiple sources. We're gonna have Jack
Posovaca over at the top of the hour. It looks
like potentially a massive restruction of the National Security Council.
It's been reported, and we're going to get play clips
at the top.

Speaker 1 (41:30):
This is I think been brewing for a while. As
you know, Laura Lumer went in.

Speaker 4 (41:34):
And top six guys or six of the top guys
under Axe Wong were removed.

Speaker 1 (41:38):
There's all kind of discussions. I'm of the camp.

Speaker 4 (41:41):
I'm of a big believer of a note scalps policy,
at least for some interim period of time. Maybe the
one hundred days was deemed there's gonna be that, maybe
it was untenable. I know that their situation with Persian
and with the UTIs and so many different aspects of
over the world and the Ukraine situation, all of it.

(42:02):
And the President is going to do what he's going
to do. But we're going to get to the bottom
of this. Of the timing of it is it now
is going to be later. So we're going to but
a massive story from MAGA and a massive story for
the President ied states. At least being reported from supposedly
high level sources, is that the National Security Council. When
I say that it's at least it has been reported

(42:23):
by CBS News, being reported by many different and that's
Jennifer Jacobs, and she's quite dialed in in others that
both Dave.

Speaker 1 (42:33):
Waltz and.

Speaker 4 (42:36):
Alex Wong, the National Security Advisor and the deputy are
going to leave and maybe leaving imminently. And like I said,
we're going to run this down some of the reasons
I've been not listening to Dave walsher with one air.
But Dave Walsh, how you get host the show? This
is a lesson for Bratt. You come, this is receives.
I mean, I feel like I'm Golden Saga. I feel

(42:57):
like I'm back as associate. I'm getting ready to do
my present day. You got you got your notes scribbled everywhere.
Walsh comes from praise with my dad. He comes from parity.
He's ready to go. You're not gonna he's only bringing receipts.

Speaker 1 (43:07):
It's no happy. He's not a pundit. He's here to
deliver it. This is so much going on, So we're
gonna get through. All that leisure is also going to
be here.

Speaker 4 (43:17):
Incredible committee and Present Day or China yesterday did the
best rollout for the conclave in the Vatican, taking the
perspective of what the Vatican has agreed to with the
Chinese Chemists Party and others. Just amazing liizure is gonna
be worth Posto is gonna be with us. Dave olshoing
me hanging around. I want to go to amazing peace.

(43:37):
Charles Bennet ben Wa joins US Coalition for Prosperous America.
These are original gangsters when it comes These are ogs
when it comes to bringing manufacturing jobs back to the
United States.

Speaker 1 (43:51):
You guys been fighting on this for a long time, Charles.

Speaker 4 (43:54):
Normally the American Conservative is not a place I think
I was going to see an article like yours. Give
you can get it up. You gave one hundred day assessment,
but it was most detailed. Look and really where it's no,
it's like a Dave Walsh presentation. This is no happy talk.
You get down deep into the math, You get deep
into where exactly we stand. What's your report card? Give

(44:15):
us summary for the audience, because we're going to push
this article out and I want everybody over the weekend
to take your time and read this thing.

Speaker 1 (44:21):
Where do you think we stand with this? And how's
the president and his team doing so?

Speaker 10 (44:26):
Saying even ten out of ten wouldn't be doing it justice.
I was a cynic before President Trump. I thought we
were going to have to wait for, you know, World
War three to ever get this kind of reindustrialization drive.
America industrialized once, and it was after we were cut
off from European trade back in the Napoleonic Wars. We
industrialized once and then we de industrialized once. And you know,

(44:48):
I really want you go back to Jefferson's embargo actor.
I thought we were going to have to wait for
another war. So the fact that the American people voted
for a pro tariff president in peacetime and the fact
that we're getting this in peacetime, Wow, that's so. I mean,
just you have to give so much credit to President
Trump right off the top for even trying to do
what he's doing.

Speaker 4 (45:07):
Now, Okay, hang on, hang on, hang on full stop,
because I got wallshar who's my guru on we've de
industrialized on the energy side for this weird cult or
bring is walk me through I'm gonna keep you into
the next hour. Walk me through when you say we
went through a process of de industrialization, tell the audience

(45:30):
specifically what that is and what's the impact. Then.

Speaker 10 (45:33):
Yeah, So people like to think we started the industrializing
in the eighties. Look, it actually started in nineteen thirty four. Okay,
that is when I call that year zero. That's when
Congress handed over the tariff authority to presidents. We've never
had a good president on trade until President Trump. So
some industries we lost in the nineteen fifties, bicycling, flatwear,

(45:54):
they were very quick to go steal, very lost huge
market share. And it's been a slow bleedout ever since
World War Two, one after another, the global multi lavel
trading system, the GAT General tariffs and trade, it has
all these little things kind of slow the bleedout. And
so we've had all of these little terrifactions over the
last seventy five years, you know, anti dumping, countervailing duties,

(46:17):
that kind of thing safeguards by this factory a few
more years. But it's been a steady slow bleedout, not
just on in manufacturing, agriculture too. We are now a
net food importer that happened under President Biden. So it's
a catastrophic situation. And again hats off to the president
for trying to turn the ship around.

Speaker 4 (46:39):
What is the logic, though, tell me what's the industrial
logic of why this happens over a period of time.
Is because of they're looking for cheap labor, chief energy sources.
Why do we go through a process of de industrialization.
Who benefits?

Speaker 10 (46:53):
That's an excellent question and many you know the a
lot of the people Okay, yeah, I have to like
one that lot of people don't pick up on, which
is international creditors. So after World War One, we became
a net creditor nation Wall Street. They lent all this
money to Europe to rebuild. It was a real problem.
There was not enough dollars. It's hard to mention it nowadays,

(47:14):
but there was not enough dollars circulating overseas for US
lenders to get repaid. And it wasn't just banks, but
even our largest multinationals. We were the world's factory at
the turn of the twentieth century, and we are exporting
because we make the best stuff, and people have owed
us money all over the world. They didn't have dollars
to repay.

Speaker 1 (47:31):
That was a major driver.

Speaker 10 (47:33):
In the nineteen fifties, the Department of Commerce, even the
Department of Commerce acted programs to actively promote imports so
that more dollars would be sent overseas and those they
would then have dollars to repay.

Speaker 1 (47:48):
Their US debts.

Speaker 10 (47:49):
So that was a driving factor. Then also the labor movement, right,
the labor movement really took off in the early twentieth century.
And that's when again you have big manufacturers being like,
oh my gosh, well maybe I should offshore. There was that,
and then what those were in the early the first
half of twentyth century.

Speaker 1 (48:05):
I would take those of the chipet tourses.

Speaker 4 (48:07):
Hey, Charles, Charles, hang one second, hang on dag deep breath,
you're gonna stick around. I got Dave walshrod shotgun today,
fantastic on energy. I got the de industrialization of America,
and more importantly, what in the hell we're doing about it?
As Charles just said, for the first time in the

(48:27):
country's history, at least it's the nineteenth century, we've got
a president not just pro tariff.

Speaker 1 (48:32):
What that means as a code.

Speaker 4 (48:34):
Work for bringing back high value added manufacturing jobs in
the United States of America and making US a manufacturing hedgem.
On again to return America to her original greatness.

Speaker 1 (48:47):
Short commercial break. The right Stuff's gonna take us out.

Speaker 7 (48:50):
You know why.

Speaker 1 (48:51):
The MAGA movements got it. President Trump's got it. You've
got it. Next in the war room,