9min chapter

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Episode 4129: Trump 2028; Destroyers VS Reformers

Bannon`s War Room

CHAPTER

National Debt and Economic Futures

This chapter explores the troubling trajectory of national debt and its potential risks for the global monetary system, underscoring the political shifts towards a working-class ethos. It also critiques the mainstream media's handling of these issues while discussing historical tax policies and their implications on economic growth.

00:00
Speaker 1
That by the first anniversary of President Trump, so January 20th of 2026, 400 days from here, 400 days, bang, goes by like that. $40 trillion, $40 trillion with, I don't know, $1.5 trillion, $1.4 trillion, $1.2 trillion going out in interest expense. It shows you the BRICS nations. What I fear we're going into is a collapse of global monetary system. Now, Rachel Maddow, once again, and this is how, this is why your numbers have dropped so, you know, 43 percent. This is why Morning Joe, you've dropped so much. You look people in the eye with all the information you had, you look people in the eye and you lie to your audience. And that's why, quite frankly, some are disgusted with you, some are hate you and never come back. We actually try to give every piece of information to this audience so it can be actionable. Actionable in their own personal life, actionable in their family's life, actionable in their community life, and certainly actionable in the life of their country of where they've dedicated themselves to help turn around. At $40 trillion, adding a trillion dollars every 100 days, and since I made that statement I think a year and a half ago, it's a trillion dollars roughly every 100 days. It's out of control. And you sit there and go, well, hang on, Steve, hang on, hang on. The cavalry's showing up. The cavalry's here. I got Vivek and I got, and I got Elon. And certainly those are very smart guys, obviously, and very dedicated guys. I mean, they've put a lot of time in onto the campaign and I'm really impressed with Elon and he and I disagree about so much in life, but he put not money where his mouth is. He put the money where it was most important, where he had the most leverage and was able with you, the volunteers, and the Scott Presslers of the world to drive us to victory. Capitol Hill, in the way the system, the established order, forget Republican, Democrat, that's old nomenclature. It's not relevant. On Capitol Hill, that's just the political class. They're the flunkies. They're the Mitt Romneys. It's kind of a it's kind of bozo land, right? They're not particularly bright. I mean, look what Mitt Romney told Jake Tapper. It's all puffed up. You know, it's very, you know, now it's a party of working class people that Donald Trump is. President Trump's been working on this project for 10 years. 10 years. He came down and he came down the escalator in June of 2015. He had been at it for about two years before then. Donald Trump just didn't wake up one morning and go, hey, Melania, join me today. I'm going to go down an escalator and I'm going to announce for president. President Trump had been around to CPAC, to these cattle calls that Dave Bossie set up. He had been working this for about a year and a half, two years. So President Trump's been doing this for 10 years. A guy like Donald Trump, when he puts his mind to something, stuff happens. And Mitt Romney's sitting there totally, well, you know, it's now a working class party. No, dude. President Trump's been doing this for a decade, including when you ran for president and clown. Here's the thing. And I realize you're giving your exit interviews. You want to be all puffed up. And, you know, you're a man, a great man of state affairs. And you want to be all, you know, think great thoughts and knit brow. Just put a red clown nose on next time. Just put a red clown nose on. It goes with the act. It goes with the act. Up there, they're the problem. The problem is the people that should know better either are too dumb to realize the existential threat of this debt and this spending, or they know it and they're part of the problem. The NDAA last week, they all had to do, and only 16 House Republicans voted against it. They all had, the NDAA had to get done, had to get done. That is to block Elon Musk and Vivek Ramaswamy. Now, everything comes off that $900 billion. And I would respectfully submit, as someone who considers himself a hawk and dedicated, I don't know, seven and a half or eight years of my young life in defense of this country, and my daughter has committed a big part of her life, I think. You owe back taxes, right? Here's the question. Why is the IRS targeting you and not millionaires who owe a fortune compared to you? Rich people have tax attorneys. You probably don't. Tax Network USA are patriots you want on your side to solve your IRS tax problems quickly and painlessly. Their attorneys, strategists, and expert negotiators employ brilliant strategies designed to solve your IRS problem quickly in your favor. They have a preferred direct line to the IRS. They know which agents to talk to and which to avoid. And Tax Network USA learned of a limited time special IRS offer. The IRS is willing to forgive $1 billion in tax penalties. Find out if you qualify before it's too late. Schedule your free confidential consultation now. Look,
Speaker 2
Tax
Speaker 1
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Speaker 3
your host,
Speaker 1
Stephen K. Bannon. So if you go back to If you – I'll wait for my cue next time. If you go back, if you go back, remember – I don't know. It must have been a year ago, year and a half ago. At my advanced age, all kinds of blends together, right, folks? If you go back to – remember Liz Truss? She was – she had Winston Churchill's job, I think, for 90 days, three or four months. She put together a kind of a rejuvenation plan for the British economy. And what she went back and did, she kind of went back to kind of Reagan-type, you know, pure supply side, big tax cuts, deregulation. She presented this with no numbers, no math, and said, this is what I'm going to do. And the bond market over in England, and England's economy is about $2 trillion. I think they have debt of about $2 trillion, which is scary because when debt gets to the level of your overall GDP, that's called the line of no return. Basically, no economy in world history has ever recovered for that. And you might add, well, Steve, where are we? We're at about, I don't know, 120. Depending on how you calculate it, you see all this phony number as well, public debt versus non-public. No, debt's debt. So we're at about, I don't know, 115, 120 percent. But this time it's totally different. This time it's totally different. Minister of Finance, our Chancellor of the Exchequer, as they say in the city of London, wouldn't put forward any numbers, wouldn't show people, well, how does this work, man? You're doing all these cuts down front, but you've got these budget deficits, and we're not a huge country, and we're not the prime reserve currency, so people don't have to take the pound. What's happening? The bond market threw up all over her plan. And what's called bond vigilante started selling bonds, shorting bonds, not buying bonds. Liz Truss was gone. The shortest premiership in the history of the United Kingdom. Hey, and they've had some times of chopping heads off and fighting. They've had some pretty short runs. Who took her out? As Nigel Farage told me, he says, Steve, the bond market has taken out more governments than howitzers. You see this all the time for developing nations, right? And England right now is kind of, their economy is kind of outside the city, outside of London proper, is kind of a third world country in many regards. This is President Trump. What President Trump and Scott Besson, that team, are going to have to show, because we finance this through bond markets, and what we don't finance, we print ourselves. You're going to have to make a case that your cuts have growth. So number one, this is with the energy, you know, the 3-3 3% interest rates, I think, 3% deficits, deficits to GDP, and 3 million barrels a day. So you get your energy set, and then you build upon that. When Scott Besson talks about 3%, we're at about, I don't know, 6.5% now, something north of 6%, like 7%. The government of France, for the first time since 1962, got turfed out about 10 days ago, right before President Trump went over to Notre Dame, where he walked in like Charlemagne.

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