More African Americans involved in the republican party. So, im going to introduce to you guys your speaker, but my friend. Some of you have heard me ask this in the past. There are a lot of new folks here. How many of you all consider yourselves reasonable people . Most of you all. You all are the wrong people. [ laughter ] how many of you all are familiar with George Bernard shaw, the british play right . Yeah, i had breakfast with him this morning, and heres what he told me to tell you. To every man there comes a time in his life when he is figuratively tapped on the shoulder and offered the chance to do a great and mighty work, unique to him thats church hill. The reasonable man adapts himself to the world. The unreasonable man adapts the world to himself. Therefore, all progress is dependent upon the unreasonable man. Michael jordan was unreasonable enough to think that he could play in the nba even though he got cut from his high school team. Jesus christ was unreasonable enough to think through him being lifted up, all men could be forgiven for their sins. Barack obama was unreasonable enough to think he could do a good job for black folks, but he failed, but i digress. Donald trump and steve bannon are two of the most unreasonable people in the world. Steve bannon is unreasonable enough to think that the black vote, the black business community, the the latino, asian business community, has value. This guy is busy as heck all over the world, but yet he made a commitment to come to address us, not to give a speech, but to open a dialogue. And when he talks to you today and then were going to open up the floor to some q a, questions, not sermons, thats my job. And he wants a relationship with this room here. And if youre not willing to build a relationship with steve bannon and the movement that hes creating and hes asked me and each of you to be involved in then you should leave now. But if you want to make America Great again, if you want to create more opportunities for minority entrepreneurs, then this is the train you need to ride, and the train is leaving the station. Get your ticket because steve bannon is the conductor. So, lets bring up my buddy, steve bannon. [ applause ] come on, give him some love, give him some love. [ applause ] thank you. Does this work . Thank you, thank you very much for having me today. Thank you. We love you. Thank you. Thank you. Im here today to talk and open a discussion as some of you have been at my other discussions with black and hispanic entrepreneurs. The central part of economic nationalism depends upon you. It depends upon us empowering the black and hispanic Entrepreneurial Community with one thing, access to capital. This entire movement that im very for ttunate to be part of that im starting is going to have as a central thesis of it programs that stop the destruction of the black and hispanic working class, and also empowers the black and hispanic entrepreneurs to start to build businesses around American Capital. Now, i want too talk a few minutes today, and im going to go from the very general down to the specific. And i think we have to have an adult conversation about the situation, what our country is. Over the last couple of weeks, there was a very important speech given in china at the 19th party congress. This was before President Trump arrived for his visit. And that was by president xi. And he outlined in 3 1 2 hours, i think its a 68page speech, the basic Economic Program of china and its geo strategic position in the world. And what they basically said is that this economic war that theyve been at with the United States of america is essentially over, and they won. Over the last 30 years and by the way, the effect and impact in your life is directly related to the geopolitical and the geo Economic Situation between the United States and china. Over the last couple of weeks, president xis speech ill get to that in a second. In addition, brown university, which is no right wing, you know, its no breitbart, right . Its not a right wing news site or conservative news site. Brown is a quite liberal university, the Watson Center i think its called. Did an analysis. The global war on terror, in 17 years, has cost us 5. 6 trillion, okay. 7,000 dead, 52,000 casualties. I think the present value for the wounded alone is almost a trillion dollars. I want you to think about what your country would be if we had 5. 6 trillion that was invested in baltimore and st. Louis and South Central l. A. And detroit, 5. 6 trillion over the last 17 years. Think of the people in your community, people in your family that have served in these wars. By the way, a war that in afghanistan we just had this annual, you know, the budget process. 70 billion allocated for overseas operations, 50 billion allocated to afghanistan. Now, with the troop increase, and lets say we paid for the troop increase, that was 5 billion. What would baltimore be like if for just one year we took 45 billion and invested in baltimore . What would st. Louis be like if for just one year we wouldnt withdraw from afghanistan, wed pay for the troops. We took 45 billion of the 50, and invested in st. Louis . We took 45 billion, invested it in detroit or cleveland or my hometown richmond, virginia . Youd have a renaissance of these cities, correct . I think the out of pocket cash alone in afghanistan has been 850 billion. And in 17 years are we ever closer to victory today than then . 850 billion. President xi laid out this program youve got to remember, the elites in this country, both republican and democrat, wall street and in technology, supported this. They said china, as it got wealthier, has become more democratic and more free market. Its not. China is a confucius m mercantilist. We have this fetish for free trade. Its this concept that came out of europe and the think tanks over there and the political system. Its a radical idea. You know, im accused all the time of being a protectionist, of being an economic nationalist. I am, you know why . Were trying to protect american industry. And the reason is they protect their industries. [ applause ] you cannot understand the situation youre in and the lack of capital that you have until you understand the international situation. Were a tributary state to china. We are james town to their great britain. We have a 500 billion trade deficit annually with china. And by the way, you know we ship them to keep it at 500 billion, its cattle and hogs and wheat and copper and tin and oil and gas. Oh, and boeing jets and apple products. Excuse me, we dont do that any more because with limited market access, our companies are forced to make everything over there. The jobs are over there. The force Technology Transfer is not stealing our technology which they do all the time. The force Technology Transfers, the demands of our hightech companies to give them their technology in order to enter china is 3. 5 trillion over the last ten years. Okay, 350 billion a year and we have not broken thats a mercantilist system. They play by the rules and the demands of the rules are enforced. In the United States, total free trade. They say, hey, we have jobs created. Jobs at mcdonalds and taco bell and service jobs are not manufacturing jobs. Think when our cities think when baltimore was great, and detroit was great, and st. Louis was great. It was manufacturing jobs that made it great. Because in a manufacturing job, you can support a family. And the community has other money with other Service Industries around it. You cannot support an advanced economy on service jobs. The elites are going to tell you that, right . Because they dont care. And its both republican and democrat. Its both Silicon Valley, wall street, hollywood, and the Imperial Capital of washington, d. C. , they do not care about you. And thats not me saying that. [ applause ] thats not me. The facts are incontroveeable. Look at what President Trump inherited. Look at the financial crisis of 2008. Financial crisis of 2008, i think my numbers may be wrong. May not totally be accurate. I am the executive chairman of breitbart so it may not be totally accurate. [ laughter ] kidding. I think twothirds of minority net worth was wiped out. Twothirds of minority it was wiped out. The Community Banks were completely eviscerated. Every form of access to capital and every reform that was put in made it harder to get access to capital. Did the Minority Community cause the biggest financial crisis in the history of the country . Absolutely not. By the way, what happened on the financial crisis . My old firm goldman sachs, the day after i think when hank paulson, secretary treasurer went and saw president bush, i think it was two days later became a Bank Holding Company with the stroke of a pen and lines. You bankers know this. They borrow free from the fed at zero interest rates. They make how many tens of billions of dollars a year . Did anybody in this room get that bailout . Any Community Bank get a bailout . Was the sba recapitalized because of that . Did private equity or Venture Capital come into your community . Absolutely not. The solution to the financial crisis, what was the solution . Not just the bailouts. The bailouts is the thing on the top. It was the liquidity infusion by the central banks. They were going to inflate their way out of here by inflating assets. So, if you own real estate or if you own stocks, its been the greatest run youve ever had. And you know who predicted that . A guy named donald trump. What was it, like 2011 . Trump says if you own real estate now, youre going to go on a great run. He saw what was happening. But if youre a worker with a High School Education and real dollars, you know you havent had a raise since 1972. All the elites and the media all day long, they say why are these people so angry, why is bannon angry . If youre not angry, you dont have a brain, right . [ laughter ] this system is rigged. And its rigged because if youre out of the room, youre out of the deal. Right . How did wall street get bailed out . By the way, president obama, he had like three commissions, and im not faulting president obama with this. President obama had three separate commissions. They all came back with who should be held liable, who should be held accountable. The justice department, i dont think there is one guy at a bank, i dont think theres been one share of stock, there hasnt been one penny of bonus, there hasnt been one guy in jail. How did that happen . I tell you how it happened. Because they dont think you have any power. Right . The guys that had power got bailed out. Now, think about it for a second. Just do the math i just talked about. Youve had the rise of china, particularly since the late 1990s, early 2000 when democrat and republicans, the clintons and the bushes told us, if you give them most favored nation treatment, if you let them into wto, if you let them get into the entire rulesbased Postwar International Order that the United States underwrites, everything would be fine. Well, guess what . Thats not a small mistake. Thats a massive mistake, right . They had no intention of doing that. If you read all the papers of president xi and all the guys around him, they had no intention of doing that. They have their own set of rules. Where they have an absolute closed economy, where the United States has a totally open economy. Where they have forced Technology Transfer. If you have just do the math, the 3. 5 trillion in forced Technology Transfers toppled coupled with 5. 6 trillion for fighting the war on terror by the way, thats not our entire defense budget. Thats what, 10 trillion. What would this country look like if 10 trillion was reinvested in this country . What would it look like if you guys had a piece of that . What happens if black, hispanic entrepreneurs had half a trillion dollar to invest . This would be a totally different country. Right . So, how did it happen . Heres how it happened. The elites in this country have made out like bandits. Stock market alltime high. President trump says you have 401 k , hes absolutely correct. The stock market rise under prip has been fantastic. Workers have benefited from it. Thats not the point. The point is that the elites are quite comfortable, this is both regardless of political party. To me, Political Parties dont matter any more. Everything you see on cable tv, our good friends at msnbc, and cnn and fox, everything you see in the foreground is pro wrestling, okay. It doesnt matter. Its just noise. Its just noise. The real action is what takes place behind the curtain. Why are seven of the nine rich est counties in this country around washington, d. C. . Why for the First Time Since the very many of the silicon chip that washington, d. C. Has a higher per capita income than Silicon Valley . And Silicon Valley is the greatest creator of wealth in mankinds history. Its because thats not the 4 trillion federal budget you have. Its all the off balance sheet, cash they got to play with, too. Remember, we have 20 trillion face amount of debt. Thats tiny. The contingent liabilities depending on what your a smk assumptions are, 3 trillion to 200 trillion. The global stock market the other day i think on friday, they reached the total aggregate amount of value in the Global Stock Markets reached i think 100 trillion. Was i correct i saw 100 trillion . How much of that has gone to the middle class of this country . How much has gone to the working class in this country . Heres the scam and heres what economic remember, economic nationalism does not care about your color, your race, your ethnicity. It doesnt care about your religion. It doesnt care about your gender. It doesnt care about your sexual preference. Thats all irrelevant. You know what it cares about . Only one thing. Youre a citizen of the United States of america. [ applause ] remember, illegal immigration and the trade deals are two sides of the same coin. Its to suppress the wages of workers, right . The terrible trade deals are to have unfair Competition Among our workers, right . Thats what it is, the whole thing is because its made cheap over there. You dont need to tell the people in ohio. They know where the jobs went. The jobs went to asia. This wasnt the second law of thermo dynamics. There is no law of physics that said that had to happen. That is human agency, made that decision. It was going to happen and it went. You know, j. D. Vance wrote this book called hill billy, White Working Class in the upper states. J. D. Pointed out to me the study done at m. I. T. And harvard that talked about the Opioid Crisis. There is a direct correlation, a direct correlation between the factories that left, the jobs that left, the workers left behind, and the opioid addiction crisis. You folks know that. You go out in these communities in the upper midwest. Were losing a civilization. Were losing a Civic Society that has been built over many generations. Thats on our watch. Thats why trump won. When i came to the campaign, i think it was mid august, 16 points down, double digits in the Battle Ground states. All these numbers were horrific. We had a talk. It didnt matter. The underlying numbers, twothirds, onethird thought the country was on the wrong track. But the most important number, a guy named pat gadell gave me, 75 of the American People thought america was in decline. And heres the fundamental difference. The elites are comfortable with that. They are comfortable by managing our decline. Because theyre going to make just as much money on the way down as they made on the way up. Okay. And they have control. And heres the bet trump made. The working men and women in this country are not comfortable with that. Theyre not comfortable with the declining america. Theyre not prepared to seed to china that its going to be a hedge power. Life in this country will be radically different. Hes not about to do that. Hes not prepared to do that. The campaign was basically run on three simple principles. Number one, were going to stop mass illegal immigration, and limit legal immigration. Hea hears p heres the reason. You cant save the black, hispanic and White Working Class while you have unlimited illegal immigration. Im a capitalist. [ applause ] i believe in i went to Harvard Business school and worked at goldman sachs. Im a real capitalist. I believe in supply and demand. What the chamber of commerce and what the capitalists and what the guys on wall street want, they want more labor and competition with our citizens. I get it. Higher operating margin, higher stock price. Okay. Its destroying Civic Society because its destroying the Education System. Its destroying the health care system, but they dont have to pay for it. The workers in this country pay for it. The bad trade deals, the stopping illegal immigration is the same thing. Hb 1 visas. Why are we so adamant about hb 1 visas . The stem program, we turned the Elementary Schools over to stem, science, technology, engineering and math. You know this. Your kids cant learn art and history any more. Theyre always every day is getting read