Bannon`s War Room Episode 5080: Live From Davos; President Trump U Turns On Chagos Islands
Jan 20, 2026
This week, Scott Besan, former Secretary of the Treasury, dives deep into economic policies and global trade dynamics at Davos. He passionately defends the strength of the U.S. economy and critiques Europe's regulatory hurdles. Besan highlights Japan's bond market volatility and the implications for global markets, emphasizes manufacturing reshoring, and warns about the strategic risks tied to Diego Garcia. He also reflects on his time under President Trump and the America-first trade strategy, providing insightful takes on the geopolitical landscape.
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Davos Signals A Permanent Shift
- Davos reflects a shifting geopolitical order where Europe must prepare to defend itself rather than rely solely on nostalgic alliances.
- Scott Besan argues U.S. strength and growth should draw Europe into cooperation rather than European regulatory isolation.
Market Turmoil Linked To Japan, Not Greenland
- Scott Besan ties recent market moves to instability in Japan's bond market rather than Greenland headlines.
- He warns Europe's regulatory burden prevents it from building cloud and innovation capacity compared to the U.S. and China.
Prioritize Productive Expensing
- Use immediate expensing for productive capital to grow economic potential despite short-term deficits.
- Scott Besan says this spending raises future tax revenues and expands the denominator (GDP) to reduce deficit-to-GDP over time.