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Steve Bannon: “On the day that Donald Trump took the oath of office on…”

Featuring: Steve Bannon, Former White House Chief Strategist | National

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Steve Bannon's Warning On China's Trade War

Published | Video Starts at 22:30

You know, people got to remember on September 18th of 2008 when Bernanke and Paulson walked into the Oval Office with Bush and he sent them up to Capitol Hill. The balance sheet of the Federal Reserve was $880 billion. On the day that Donald Trump took the oath of office on January 20th of 2017, [the Federal Reserve's balance sheet] was $4.5 trillion. All we did in the bank of England, ECB, bank of Japan did the same thing. And PBoC, what they did is to save the elites, was to turn on the spigots of liquidity. (22:30–22:38)

CLAIM

Asserts the Federal Reserve's balance sheet was $4.5 trillion when Trump took office.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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