Steve Bannon sounded the alarm on Monday morning’s War Room, declaring that while President Donald Trump’s policies are fueling an economic resurgence at home, the permanent bureaucracy—what he calls the "Deep State”—is actively maneuvering the United States into a catastrophic global war. From regime change at the Federal Reserve to the NATO-led escalation in Ukraine, Bannon warns the fusion of economic subversion and military adventurism threatens American sovereignty and stability.
1. Economic Resurgence — But for How Long?
Bannon opened the show noting that "markets are on fire right now,” crediting the economic revival to President Trump’s leadership and policies. However, he warned of looming threats beneath the surface. "Unfortunately, the outbound market—I’ll talk about that—people are starting to figure out how we’re going to pay for all this.”
He referenced ongoing fights within the government over spending and institutional reform, particularly at the Federal Reserve. "Kevin Warsh… probably the steadiest of the steady Eddies… he’s talking about regime change at the Federal Reserve,” Bannon explained. "Not just replacing the chairman, but clearing out the entire building.”
Bannon praised former OMB Director Russ Vought and others for challenging a $2.5 billion renovation of the Fed, calling it a symbol of elite detachment. "They’re literally trying to redo the temple of the Federal Reserve while Americans struggle. It’s outrageous.”
2. The Real Power Centers
According to Bannon, the real levers of power aren’t where most Americans think they are. "The three most powerful institutions in Washington, D.C., are the Central Intelligence Agency, the Federal Reserve, and CENTCOM down in Tampa,” he said. "And they are the ones drawing us deeper into global conflict.”
3. NATO’s Visit, Ukraine Escalation & Taiwan Strip-Down
Bannon broke the news that NATO Secretary General Mark Rutte—whom he referred to as "quite close to President Trump”—was visiting the White House for discussions on an expanded American role in the Ukraine war. He expressed disbelief that offensive weapons systems are now openly on the table.
"There’s now talk—not just defensive weapons like Patriot missiles—but offensive capabilities that can strike deep into Russia. Things even the Biden administration wouldn’t officially approve,” Bannon warned. "They’re stripping weapons from the Indo-Pacific meant to deter China, just to throw them into Ukraine.”
He added that even Taiwan is at risk: "The PLA Navy is rehearsing an invasion of Taiwan, and we’re pulling air defense systems from the region. This is insanity.”
4. Warpath Toward Iran — and the World War III Convergence
Bannon then pivoted to the Middle East, noting that Israeli leadership and what he termed the "Israel First crowd” are pushing for regime change in Iran. "Bibi Netanyahu said by Labor Day… Let’s take the first of September. Always a memorable day for European wars.”
He delivered a stark warning: "You’re going to see the merger of these two conflicts. Ukraine and Iran. We’re being drawn into both. And all those people who said World War III is coming? It’s already here, bro. Millions are dead or wounded already. It’s about to get a lot nastier.”
Bannon emphasized that with the U.S. now offering offensive capabilities, it is no longer just a supplier of defense. "We’re crossing the line into being a full combatant. This is how wars spiral.”
5. Final Notes and Outlook
Bannon promised deeper analysis with Dan Caldwell and Ben Harnwell later in the show, but left listeners with this urgent message: "Trump is holding the line. But we are one bad decision away from open war on the Eurasian landmass. And no one in the media is telling you the truth.”
Assessment:
Bannon is framing this moment as a global inflection point. While Trump’s policies may be stabilizing the economy, entrenched interests and military alliances are accelerating toward a multi-front war. The American public, in his view, must wake up fast—or risk being dragged into conflicts they never voted for.
For more context, watch this Monday WarRoom segment:
