Steve Bannon Sounds the Alarm
Steve Bannon and Brian Costello dissected a bombshell topic Monday night on WarRoom: the infiltration of Chinese Communist Party (CCP) influence into Silicon Valley through venture capital firms like Sequoia Capital. Calling it a "rats’ nest of CCP influence,” Bannon underscored how deep these connections run, raising questions about intellectual property theft and national security.
"This is not hidden—it’s happening in broad daylight,” Bannon said.
600 Billion Stolen Annually
Costello highlighted staggering figures. According to reports, the CCP extorts or outright steals $600 billion annually in intellectual property from U.S. companies. The losses include cutting-edge technology from startups and innovations created by American universities. The CCP then leverages this stolen tech to dominate industries ranging from drones to artificial intelligence.
"You can’t even quantify the damage done to the U.S. economy,” Costello noted.
How Sequoia Allegedly Facilitated CCP Gains
Sequoia Capital, the powerhouse of venture capital, was accused of aiding this exploitation. Costello described a troubling pattern:
- Investment in U.S. Startups: Sequoia invested in promising American tech companies.
- China Partnerships: They shared intellectual property with Chinese subsidiaries or handed it to CCP-linked entities.
- Profit Reallocation: Profits flowed back to CCP-linked initiatives while undermining U.S. innovators.
Bannon likened Sequoia to "the Goldman Sachs of venture capital,” emphasizing its platinum reputation and the betrayal of trust by empowering America’s largest adversary.
The Stakes: National Security at Risk
Costello emphasized that this isn’t just about economics—it’s about defense and security. Companies funded by Sequoia’s China arm include DJI, the drone manufacturer, and Unitree, a producer of military robotic dogs.
"These technologies are now used to bolster China’s military capabilities,” Costello explained.
Why Investigate Now?
The conversation shifted to why this issue is only now gaining attention. Bannon suggested that the impending return of Donald Trump and his administration’s focus on accountability could be a driving factor.
"One of the first items on the agenda in 2025 will be holding these venture capitalists accountable,” Bannon declared.
Costello added that political figures like Tulsi Gabbard, Matt Gaetz, and others in key roles could spearhead investigations into firms like Sequoia.
The Role of CCP Profits in U.S. Politics
Bannon also pointed out that profits from CCP-linked ventures fund U.S. non-profits and political initiatives, often working against American interests. He named high-profile entities like the ACLU and immigration advocacy groups as beneficiaries.
"It’s all being done with China’s profit,” Bannon remarked, labeling it a corrupt cycle of influence.
Sequoia Faces Judgment Day
The WarRoom discussion closed with a powerful warning to Sequoia Capital and its affiliates. Costello predicted that accountability was inevitable, urging those involved to prepare for investigations under a restructured Department of Justice.
"Judgment is coming,” Costello said.
Looking Ahead
With names like Lisa Monaco and Jake Sullivan linked to the alleged CCP influence scandal, Bannon and Costello urged vigilance. As the Trump-aligned movement pushes forward, they promised this would not go unaddressed.
"America cannot afford to have its innovation engine hijacked,” Bannon concluded.
Final Thoughts
This explosive episode of WarRoom shone a spotlight on the troubling intersection of Silicon Valley and CCP influence. With billions at stake and potential national security risks, this story is far from over. Updates are expected as investigations unfold under a new administration committed to restoring accountability.
Stay tuned. Watch the WarRoom with Steve Bannon. Judgment is coming.
For more of our coverage of Brian Costello:
Global Communism in Race Against Time: China’s Unrestricted Warfare is a Six-Month Race to Taiwan
For more context on their Monday night conversation: