Bannon Breaks Silence: Slams "Far-Right Clowns", Vows "Economic War With China"

Tyler Durden's picture

After weeks of speculation about his future, Trump White House Chief Strategist Steve Bannon has broken free of his self-imposed exile, unloading a torrent of Scaramucci-esque comments to none other than Robert Kuttner - the editor of The American Prospect, a progressive publication (the cover lines on whose first two issues after Trump’s election were “Resisting Trump” and “Containing Trump."

Kuttner sets the surprising scene...

Trump’s embattled strategist phones me, unbidden, to opine on China, Korea, and his enemies in the administration...

 

Needless to say, I was a little stunned to get an email from Bannon’s assistant midday Tuesday, just as all hell was breaking loose once again about Charlottesville, saying that Bannon wished to meet with me.

But unload Bannon did:

He began with China...

“We’re at economic war with China,” he added. “It’s in all their literature. They’re not shy about saying what they’re doing. One of us is going to be a hegemon in 25 or 30 years and it’s gonna be them if we go down this path.

 

Bannon said he might consider a deal in which China got North Korea to freeze its nuclear buildup with verifiable inspections and the United States removed its troops from the peninsula, but such a deal seemed remote. Given that China is not likely to do much more on North Korea, and that the logic of mutually assured destruction was its own source of restraint, Bannon saw no reason not to proceed with tough trade sanctions against China.

 

“To me,” Bannon said, “the economic war with China is everything. And we have to be maniacally focused on that. If we continue to lose it, we're five years away, I think, ten years at the most, of hitting an inflection point from which we'll never be able to recover.”

Contrary to Trump’s threat of fire and fury, Bannon said of Korea:

"On Korea, [China's] just tapping us along. It’s just a sideshow."

 

“There’s no military solution [to North Korea’s nuclear threats], forget it.

 

Until somebody solves the part of the equation that shows me that ten million people in Seoul don’t die in the first 30 minutes from conventional weapons, I don’t know what you’re talking about, there’s no military solution here, they got us.”

 

Bannon went on to describe his battle inside the administration to take a harder line on China trade, and not to fall into a trap of wishful thinking in which complaints against China’s trade practices now had to take a backseat to the hope that China, as honest broker, would help restrain Kim.

Bannon’s plan of attack includes: a complaint under Section 301 of the 1974 Trade Act against Chinese coercion of technology transfers from American corporations doing business there, and follow-up complaints against steel and aluminum dumping.

“We’re going to run the tables on these guys. We’ve come to the conclusion that they’re in an economic war and they’re crushing us.”

With regard his internal adversaries, at the departments of State and Defense, who think the United States can enlist Beijing’s aid on the North Korean standoff, and at Treasury and the National Economic Council who don’t want to mess with the trading system, Bannon was ever harsher...

“Oh, they’re wetting themselves,” he said, explaining that the Section 301 complaint, which was put on hold when the war of threats with North Korea broke out, was shelved only temporarily, and will be revived in three weeks. As for other cabinet departments, Bannon has big plans to marginalize their influence.

 

“That’s a fight I fight every day here,” he said. “We’re still fighting. There’s Treasury and [National Economic Council chair] Gary Cohn and Goldman Sachs lobbying.”

 

“We gotta do this. The president’s default position is to do it, but the apparatus is going crazy. Don’t get me wrong. It’s like, every day.”

Bannon dismissed the far-right as irrelevant:

“Ethno-nationalism—it's losers. It's a fringe element. I think the media plays it up too much, and we gotta help crush it, you know, uh, help crush it more.”

 

“These guys are a collection of clowns,” he added.

And finally, Bannon scoffed at The Democrats...

“...the longer they talk about identity politics, I got ’em. I want them to talk about racism every day. If the left is focused on race and identity, and we go with economic nationalism, we can crush the Democrats.

Read more here...

Bannon going down with a fight or a massive effort to distract from the carnage of the last few days? You decide.

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Chris88's picture

Awww, there's our leftist jackass.  Not producing for profit, but for the good of the Motherland!  What a complete and utter leftist tool this guy is.

El Oregonian's picture

Yep, the only things that are missing are the big red noses and the floppy shoes... Other than that, these clowns belong in a circus... Sorry, this IS the Circus!!!

Chris88's picture

Steve already has a big red nose, but that's likely just from alcoholism.  

Schlump's picture

Bannon is my brain. Figures.

tmosley's picture

>“Ethno-nationalism—it's losers. It's a fringe element. I think the media plays it up too much, and we gotta help crush it, you know, uh, help crush it more.”

Top cuck.

Attitude_Check's picture

Bannon is right.  Ethonationalists are losers.   They try to make up for their disappointing sad little lives by a philosophy of ethnic superiority.   They don't have anything else to be proud of on their own -  only who their parents were.   Pathetic.

Attitude_Check's picture

Antifa have nothing except their hatred of their inbred philosophical cousins,  the neoNazis.  

Banjopicker's picture

Ethno centrist groups applies to Black Lives Matter and La Raza also....something to consider.  Ill take a few less nazi's if the gov works thouse groups into that statement..

yogibear's picture

Black masked Marxist with baseball bats want a civil war with conservatives.

Their anti-freedom (censorship),  want central control and hate this country.

They would have made Hugo Chaviz proud.

Secret Weapon's picture

Just wondering how much you are being paid to troll the Hedge?  You know, you could be making $7K per month, easy!

Blacksunday3's picture

Good call. Libs have really targeted ZH. Or u never know. Could be putin!

Lore's picture

Tyler (one of 'em) appears to have deleted my prior post hereabouts, and I resent that, because it was important. 

I made the point that Mr. Bannon's perception of the situation is dangerously simplistic and ill-informed.  The Eastern manufacturing / economic renaissance is the result of a decision made by the globalist / fascist / corporatist elites nearly a century ago.  Their emissaries and organizers were beavering away long before the matter reached public awareness.  If you want to focus your wrath anywhere, it should be on the shareholders and directors who continue to strip your economy, leaving a financialized, indebted skeleton. 

Tyler, I know what I'm talking about.  Think of it as a script.  If you're interested, I can cite several very good resources, some of them quite old. 

Herodotus's picture

He's Irish; what do you expect?

MasterControl's picture

".....a progressive publication..."

lmfao.

Chris88's picture

Breitbart supports massive government, higher taxes, a nanny state, and total State supremacy over individual volition.  If that isn't the definition of progressive, tell me what is.

Chris88's picture

Thanks for admitting nothing I said is false.

The First Rule's picture

Chris88 - Everything you've said is a Lie.

Starting with Bannon being a "Leftist"?????  WTF?????????????

 

Chris88's picture

Supports tax hikes, massive government, policing the world, Israel First, nanny state, won't touch spending, supports spying and government control over individual volition.  Tell me which one of those things is 1)incorrect and 2) right wing.  Sorry to burst your bubble.

GoinFawr's picture

Well I, for one, was very happy to hear about 'the right's' renouncement of "policing the world"... Why Jello Biafra himself ought to approve.

Not to mention the right's latest 'prochoice' of their own volition announcement! That was music to my ears.

And when 'the right' finally decried surveillance once and for all, well I just went one giant rubbery one; it was so touching.

 

Come on Chriss, be honest; aren't you just really pissed because BTC is doing so well, and you're all 'sour grapes' about it?

Chris88's picture

Is your manual labor graveyard shift starting soon?

GoinFawr's picture

Yeah well unlike you just because I can drive all night and then row a punt full of kit 11 km in doesn't mean I think it would somehow be low to get paid for it... you see that right there?

Chris88's picture

It just means you're an idiot not paid to think.

GoinFawr's picture

Speaking of idiots, who in the hell is paying you to think anarchowhatever is a viable alternative to an elected legislative assembly mitigated by a just constitution?

Because I definitely want to meet that mork!

Chris88's picture

Mitigated?  95% of the federal government is unconstitutional and spending hasn't declined Y/Y since post WWII.  Tell me more about that being mitigated. Stick to your manual labor job.

4freedom78's picture

Chris88 is a Chinese troll

Grimaldus's picture

Quite a few of them here, actually.

They think they are transparent.

 

 

 

Grimaldus

 

 

 

 

Chris88's picture

I'm a capitalist, not a leftist joke like you guys and your leftist joke in the WH.

Blacksunday3's picture

Watch out boys. One of the Tyler's is a Chinese troll. Step outta line and they'll delete your comments. Hello replacements!

Give Me Some Truth's picture

Audit the Fed doesn't seem to be high on his agenda. Nor does investigating possible manipulation in the precious metal markets. As far as I can tell, he's not big on actually bringing the troops home or improving relations with Russia and China. 

These are all things I'd very much like to see. He isn't making any of these things happen. It's fine by me if he goes back to his neocon website, or catches on with Goldman Sachs. He did do a good job filling the administration with GS bankers. This apparently HAS to be done these days. He'll be taken care of.

DaBears's picture

Tax hike on communist China, great new tax revenues for American tax breaks and pay down our national debt, in your China88, that's what you guys call a "win win".

Chris88's picture

Tariffs tax American consumers, retard.  You can tax every millionaire and billionaire at 100% for a year and fund the federal, forget state and local government, for 20 days.  Tell me mathmatically how debt goes down absent ending entitlements entirely.

QQQBall's picture

Tax China to pay down US debt? Here, pull my finger!

 

s/

Blue Steel 309's picture

Haha. I think that meme sums up the idiocy of Ancap.

Chris88's picture

What institution murdered more people than anyone in history?  Government.  Ya know what's idiocy?  Believing people are bound by a contract signed by a couple diozen dead slave owners, and that one branch of the State checks powers of another.  Who created every advancement in human history?  Oh yeah, private enterprise.  What a lemming.

Blue Steel 309's picture

Ancap is only innocent because it is a nirvana fallacy to think it can even be attempted. I am not defending any other ideologies.

Chris88's picture

Not a single AnCap claims it'd be nirvana, just way better than having a State. But then again you never bothered to read a single AnCap book.

The Jaguar's picture

Trolls like you will have their balls removed and fed to them soon. It's a comforting feeling :) have a nice day Billynofriends.

Chris88's picture

It's not too late to go back to HuffPo, they'll welcome you with open arms.  Another internet tough guy, what a faggot.

Give Me Some Truth's picture

Si, democracy is probably over-rated. Government is definitely over-rated.

GoinFawr's picture

Well hombre you only get what you demand, or, if you're lazy, deserve.

merizobeach's picture

Democracy has been weaponized by the elites to conquer you with their stupid masses as the tools.

The alternative is personal sovereignty.  You can only declare it for yourself, and others' recognition is irrelevant; just dodge the enemies who wield more force than you do.

Chris88's picture

Thanks for admitting everything I said about Bannon is true, if it wasn't you would just point it out.  Go back to breitbart, leftist hick.

yogibear's picture

Isn't that what Obama created?

 

Chris88's picture

He kept it going, just like Trump.

eatthebanksters's picture

You must suck big cocks when you read the news....your eyes are cock-eyed.

Chris88's picture

Just what I expect from a Free Shit Army, class warfare, leftist dolt.