This clip aired on WarRoom’s morning show on November 12, 2025.
Transcript begins below (lightly edited for clarity; may contain minor errors).
STEVE BANNON (HOST): ”
What is driving this? What’s driving this is the tech bros and the oligarchs, because their avarice has no bottom. These people do not put this country first. Most importantly, they don’t put the citizens of this country first. They think you are totally, completely disposable.
Two things happened last week. We know from the Wall Street Journal—well, many things. The Wall Street Journal’s done some great reporting. Yes, you heard that from Steve Bannon. Some of the reporting is unbelievable. It’s the editorial direction of the Murdochs that I am always adamantly opposed to because they’re always dead wrong. Don’t take it from me. Look back over their recommendations, I don’t know, the last twenty or thirty years.
But we talked about, it’s just not about AI, and we’re going to get to that back at the top of the hour again, artificial intelligence. It is about the underpinnings of that, and they announced that I think two of the forefront-tier companies are saying that they have reached human intelligence level. If you look at the curve on that from the time ChatGPT came out—because that was an inflection point—we could get the actual response by talking. That was a huge move internally to AI, to artificial intelligence. A huge move. That’s what shocked people, that it would come that quickly. They thought that might be a decade away. Guess what—it wasn’t. And if you look at what’s happened since then, they’re accelerating at an accelerating rate.
Now, I’m not saying that the economics of this make sense. I think you are seeing a little bit of a bubble where they’re in a virtual cycle. One guy announces they’re raising money, he’s going to buy chips, and they’re going to use cloud computing. They’re going to use the Amazon Global Cloud Network. So one announcement from one capital kind of goes through the system and all the stocks run like it’s all one central thing.
And you’ve got some smart people, a lot of people involved in shorting the market before the 2008 crash, that kind of went through and understood how the derivatives were a house of cards. I think Michael Burry and that crowd are now starting to short certain stocks. And so that whole thing is maybe tenuous. But what’s coming out is that they’re making, in these frontier labs of which we know nothing that’s going on, it looks like tremendous advances.
When they talk about, "Hey, we may be at the human intelligence level,” your brain’s a pretty special thing for human intelligence. Why? Because you’re imbued with the power of God because you’re made in His image and likeness. This is why Homo sapiens have kind of taken the lead from all the other species, in addition to the fact you have an immortal soul. Might I add as a footnote—keep that in mind, particularly keep it in mind when you go back to, was it Mark 13? You’ve got Christ basically bringing up the apostles or the disciples who are back from a trip where they’re calling the power of the devil or Beelzebub, but He says, "Hey, you can do anything, but you mock the Holy Spirit, you blaspheme the Holy Spirit. That’s an unforgivable sin.” This is coming from the Son of God. Boom. The second person of the Trinity saying, "Hey, I can’t help you, nobody can help you.” That’s a pretty big one. I take the number two principle out and write that one down. Let me remind myself, okay? Let me get that and make sure that’s always up on my dashboard so I remember that.
People in Silicon Valley saw Scott Bessent down in South Carolina a week ago. They’re trying to get everything—our military-industrial complex, the production lines for our military—can’t get access to it because obviously they are thinking, they have a plan at some point in time to go, if they have to, to go kinetic in the South China Sea, in the Straits of Taiwan, and an invasion of Taiwan to get their hands on those chip factories. And you’re not going to be able to ship them to Arizona soon enough. That’s going to take a while. Part of that is workforce, there’s no doubt about that.
But I think Secretary Bessent, and maybe he does it today in the speech, we’re going to be covered. They’re running a little late, as is often the case. He’s out. We’re going to go to break. We don’t have the feed, we lost the feed, we’ll get it back. We’ll go to break at the top.
But a story that we went into—I don’t think anybody else covered it—a huge story from the Wall Street Journal the other day. I believe it was Friday, it might have been Saturday. It talked about—this is how these guys are—it talks about, I’m going to throw out a random name: Sam Altman. Oh yeah, you mean the ChatGPT guy, OpenAI. That guy. The guy whose CFO says the other day, "Yeah, we want an ecosystem. It’s got private equity and banks, but the government’s got a role, you know, just for guarantees, particularly our debt, which could be hundreds of billions of dollars.”
And then, of course, Zero Hedge had a magnificent article tying together about ten things about how the hundreds of billions of dollars, not just for the data centers, but now for the energy, which they don’t want to pay, which is going to drive your energy cost up. They’re going to need some government reliance because so much money, they don’t want to raise their due equity because they’ll get—wait for it—dilution. Delusion.
So it turns out Sam Altman’s got another side hustle. He’s involved in something with another great guy from Coinbase, I think it is. Another tech bro, a crypto guy. And what are they doing? It’s illegal in this country, but they’re designing basically genetically produced babies. They’re doing biotech kids. You heard it—test tube babies. These are genetic lab babies where you can pick, as a couple, the height, the weight, whether they have blue eyes. Most importantly, hey, let’s get him so the kid can throw a 98-mile-an-hour fastball, right? Or jump.
Local citizens, the plebes, the plebeians, the unwashed masses, are actually stepping forward here and saying, "Well, hang on for a second. You’re letting loose these bots, this technology, on our children. Maybe I’ve got something to say about that.”
