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This is the primal scream of a dying regime. | ||
unidentified
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Pray for our enemies, because we're going medieval on these people. | |
I got a free shot at all these networks lying about the people. | ||
The people have had a belly full of it. | ||
I know you don't like hearing that. | ||
I know you've tried to do everything in the world to stop that, but you're not going to stop it. | ||
It's going to happen. | ||
And where do people like that go to share the big lie? | ||
MAGA Media. I wish in my soul, I wish that any of these people had a conscience. | ||
unidentified
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Ask yourself, what is my task and what is my purpose? | |
If that answer is to save my country, this country will be saved. | ||
unidentified
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War Room. Here's your host, Stephen K. Bannon. | |
It's Saturday, the 21st. | ||
The 22nd of April in the year of our Lord, 2023. | ||
Welcome. You're here. | ||
You know it's my favorite show of the week, the Saturday show. | ||
For the first hour, I've got three of the best that join me. | ||
Philip Patrick from Birch Gold. | ||
We're going to talk about this massive debt fight we've got going on, the economy, all of that. | ||
I've got from Rome Ben Harnwell. | ||
Talk about Ukraine, how that falls back to the beginning of the Third World War. | ||
Remember, this weekend kicks off the Third World War. | ||
The early years, I'm giving a keynote speech on Sunday to kind of wrap the conference up. | ||
I want everybody to be live streaming different parts of it. | ||
I want all of that, everything associated with it to make sure everybody gets all the information possible. | ||
Of course, Jeffrey Clark is also going to join us here. | ||
In fact, I want to start with Jeff. | ||
Jeff, this part of the McCarthy plan, the McCarthy budget, is really about reversing so much that's happened in what they call the Inflation Reduction Act, all this Build Back Better, all this stuff they did in Biden's first couple of years. | ||
There's a number of clawbacks, et cetera. | ||
One of the things they keep talking about Is this massive repositioning of the American economy away from the internal combustion engine, gas-powered cars, and two electric vehicles? | ||
We had this huge firefight out in California where they're talking about, I don't know, putting the cars to 20, 25, you know, no more gas engines. | ||
It's such a huge part of this debate we're having right now about how to balance the budget. | ||
You've also got a different angle of attack. | ||
But just from your perspective, and I think this has gone unnoticed because you look at Tesla's earnings have fallen. | ||
They're cutting prices like crazy. | ||
People just are not buying the vehicles. | ||
You have now all types of reports and analysis that I think under 7 % of the people want an electric vehicle. | ||
One is just the cost and the cost of the battery and the cost of the charging stations, all that. | ||
Give us your perspective. This is a maniacal focus of the Biden regime, and they're hitting it at every level, in the budget, in tax credits, through the EPA, through mandates. | ||
Walk us through, why is this obsession with electric vehicles? | ||
Well, Steve, I think it's part of the climate cult. | ||
And we have in the so-called Inflation Reduction Act just billions of dollars in climate grants. | ||
And I'll talk to you at a later time about a conference call I dialed into about these grants. | ||
And I made a point of asking about the Could they be used to help East Palestine? | ||
Again, I will talk to you about that later. | ||
But, look, at the moment, what they're doing is they're trying to radically restructure the economy, I would even argue kill the economy, through all this spending. | ||
That's why we're having this big debt fight, to cut that stuff out. | ||
But the angle of attack I want to talk to you about is, look, we have massive deficits and the national debt, as far as the eye can see, but we also have massive regulatory taxes. | ||
And the EPA has just proposed imposing a real doozy of a regulatory tax. | ||
They are saying that by model year 2032, beginning in model year 2026, they're eventually going to get the U.S. to a point where 70 percent of new vehicles sold are electric vehicles. | ||
Now, take a step back and recognize what that means. | ||
At the moment, battery-powered electric vehicles have a market penetration rate of about 7 percent of new vehicles. | ||
So they want to go from 7 to 70 in about eight or nine years. | ||
That's a 900 percent increase. | ||
I mean, that is just flabbergasting. | ||
And the regulatory costs that that's going to impose on the economy, the lost jobs, people entirely priced out of the market, it's just unthinkable. | ||
And they're also trying to justify it, Steve, with a kind of fairy dust math, where they claim that this regulation will create, and wait for this, $1.6 trillion in net benefits over costs. | ||
I mean, anyone who believes that needs to immediately go to a mental health professional to get checked out. | ||
I mean, it's just not plausible in the least. | ||
And if you just follow the logic to its rational conclusion, right, why can't we just regulate our way out of inflation, regulate our way out of the economic stagflation that we're going through, all by just imposing new regulatory mandates, $1.6 trillion at a clip? | ||
It makes absolutely no sense, Stephen. | ||
It is the administrative state on a roll. | ||
Well, this is why I said, you know, in Trump's first term when I talked to CPAC, deconstruction administrative state is one of our priorities. | ||
I'm going to have Philip Patrick on here in a second to talk about the budget and capital markets. | ||
But this is the reason we need to have this fight now. | ||
The reason we can't have any lift at all to the debt ceiling is that we've got to choke out the administrative state. | ||
Here's the first question. Newsom just announced, and I think they're talking in a couple of years in California, they're going to stop selling any internal combustion engine gas-powered cars whatsoever. | ||
But what the audience wants to know is, how can they just come up with these regulations? | ||
Is this a law that went through Congress? | ||
Is there interpretation of a law? | ||
I mean, how do they actually get to the thing of giving a diktat that 70 percent Within six, seven, eight years are going to be electric vehicles when we don't have any of the infrastructure set up, none of it. | ||
How does that actually happen? | ||
How's the grid going to bear that, for instance? | ||
Right, Steve. So, exactly. | ||
Clearly, if this were put to Congress, there's no way that it would pass both houses of Congress and then be able to get signed into law by Joe Biden. | ||
It's something that can only be done as a regulatory diktat. | ||
So what does it trace to? | ||
It traces to the Clean Air Act, Steve. | ||
This is a rulemaking under Section 202A of the Clean Air Act, and it's why we need things like The major questions doctrine that I'll talk about in a second, and why we really need the full-on medicine of the non-delegation doctrine, | ||
because, basically, we're talking about delegations made to EPA 40, 50 years ago, and they're now being used to be perverted and turned into not just an incremental program that You know, gradually ratchets up, you know, how the fuel economy of the cars is going to go or what the emission standards are so you get improvements in air quality. | ||
No, they're going to they want to change the direction of the economy. | ||
They want to eliminate the electric I mean, sorry, the gas powered conventional engine. | ||
They want to have all electric and they want to do that without any specific congressional authorization. | ||
And that's where the major questions doctrine comes in, because, Steve, last term from the Supreme Court, in a case called West Virginia vs. | ||
EPA, we got a decision that said that EPA could not radically generation shift how we were producing power at power plants in the United States, going from coal or other fuels to natural gas, and then, ultimately, only to renewables. The Supreme Court said there's no clear statement from Congress in the Clean Air Act that you can do that. | ||
If you want to try to do that, you got to go back to Congress. | ||
Similarly here, I think this is even more radical transformation of how the economy would work, that you'd go from 7 percent of heavily subsidized electric vehicles to 70 percent in just about eight years, because model year 2032 would start in calendar year 2031. | ||
So, this is just a massive power grab. | ||
People would never vote for it. | ||
And it also, Steve, has ridiculous justifications like this. | ||
They say they need to do this to avoid racism and promote so-called environmental justice, right? | ||
But it's exactly in opposite land, right? | ||
You stand on your head to have to see that, because what this rule would do is price The vast amount of Americans out of the vehicle market, right? | ||
You try to go into a car dealership and say what they're using in their fuzzy math here and say, hey, give me an electric-powered version of a conventional vehicle for $1,200 extra. | ||
And they're going to laugh at you. All the minorities are going to be forced into public transportation with no choice. | ||
Hang on for a second. The left supports you. | ||
I'm going to play one of the biggest voices on the progressive left. | ||
This is Young Turks, Anna Kasparian. | ||
Let's go ahead and play this. We've made it so it can be played during the family hour. | ||
Then I'm going to have Jeff Clark comment. | ||
This is the progressive left, their thoughts about this very topic. | ||
The way that it happens is, I know that in California, at least, with the phasing out of gas-powered cars, and they'll probably do the same thing with gas stoves, is they just ban the sale of any new gas-powered cars or any new gas stoves. | ||
And so the technology that you have in your home, the gas stove that you have in your home, if it breaks... | ||
Not only are you not able to buy a new one, but it gets increasingly more difficult to just repair it. | ||
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You get what I'm saying? I get it, but that's the normal bumps in the road as you transition to things. | |
I know, but Cenk, don't minimize the financial burdens associated with these things, okay? | ||
I am literally freaking the out about the charging station thing. | ||
We're gonna take out a massive loan to pay for it. | ||
We're not getting any help from the government on that. | ||
unidentified
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Did you guys ask, is there any tax credits? | |
But seriously, there's no government help at all to transition, you guys? | ||
Jake, I don't give a f*** about tax credits. | ||
unidentified
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No, no, I'm saying for the HOA. No, there's been no talk of tax credits. | |
I haven't seen anything about tax credits. | ||
I should look into it. Maybe there are tax credits, but I don't give a f*** about tax credits because you have to shell out cash, okay? | ||
Like, I just- I wanna do something in response to climate change. | ||
That is not my issue here. | ||
My issue is how we're forced to make all these changes that are a financial burden, a giant inconvenience, with little to no help. | ||
And the solution from the government in terms of like, no, no, you get financial benefits for doing this, tax credits. | ||
No, I don't want the tax credits. | ||
Give me the money. | ||
You give me the money, okay? | ||
Don't tell me this about how I have to buy some new thing because the government's forcing me to do it. | ||
And then after I file my taxes, there's a certain portion of that purchase that might be tax deductible. | ||
I'm so sick of it. | ||
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It's just like endless pressure, pressure, pressure, pressure. | |
I can't take it. Yeah, I hear you. | ||
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And we asked too much of the middle class. | |
We asked too much of the average person. | ||
The middle class is the most f***ing group of people in this country. | ||
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No, I hear you on all that. But at some point, we gotta go to electric cars. | |
We don't have a choice. The plant's burning, so we gotta go to electric cars. | ||
So when California says, hey, let's go to electric cars by whatever the number is, 2025, etc., Yeah, it's gonna be tough. | ||
But at the same time, now prices are coming down, right? | ||
Okay, but Cenk- Let's not minimize the cost of actually charging those cars, right? | ||
Because here's the other thing. | ||
So Gavin Newsom pushes for and succeeds in passing legislation in California that would ban the sale of electric cars at a certain year. | ||
I think it is 2025, if I'm not mistaken. | ||
Maybe not. Maybe it's 2035. | ||
I don't remember the exact year. But eventually, pretty soon, you're no longer gonna be able to buy a gas-powered car in California. | ||
Literally like that same month, Kevin Newsom's like, oh, there's a heat wave and our energy grid really can't handle it. | ||
And so I'm just going to ask you guys, if you have electric vehicles, please don't charge them right now. | ||
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It's just... No, you can't do that. | |
Jeff Clark, Anna Kasparian is one of the most articulate voices on the progressive left, and she did the best analysis there of why the middle class and working class, they're going to get crazy. | ||
And Sink's sitting there, well, you're just going to have to, the planet's burning, and we've got to go to electric vehicles. | ||
He is the administrative state, is he not, sir? | ||
He is. And, look, she was dead on there in terms of her analysis about the grid can't handle the demands for power for that many electric vehicles. | ||
Look at what's happening in California, that people can't afford them. | ||
They're going to be priced out of the market. | ||
The Biden administration is saying that this new rule on the EPA side is justified to fight racism, but it's actually a racist rule because it's going to price a lot of black and brown people out of the American dream of owning your own car. | ||
It's ridiculous. But while she's smart in her analysis and seeing that, you know, those policy prescriptions to fight the, you know, ostensible problem of climate change, she's logically challenged. | ||
Because she can't see that if they're claiming that they need to get to net zero, right, by some future date in terms of carbon dioxide emissions, well, you know, you have to do radical things like that to do it. | ||
So then you have to question, do we really need to do this or not? | ||
And clearly, you know, Sank won't question that. | ||
He's like, well, the planet's burning. | ||
We absolutely have to take these steps. | ||
Whereas she's saying, there must be another way, but no, there is no other way. | ||
That's why I say she's logically challenged. | ||
They're doing something that is economically infeasible, and that's why these regulations should be struck down. | ||
Look, back in the 90s, we got a 2 % vehicle mandate in California for electric vehicles struck down. | ||
This is a 70 % mandate. | ||
It's ludicrous. Jeff, how do we get you on social media and to your website? | ||
Sure. I'm at JeffClarkUS on Getter and Twitter and on RealJeffClark on Truth Social. | ||
And we're at AmericaRenewing.com, the Center for Renewing America. | ||
Philip Patrick next in the War Room. | ||
Thanks, Jeff. War Room. | ||
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Here's your host, Stephen K. Mann. | |
Okay, welcome back. I want to go to Philip Patrick. | ||
Hey, Philip, you're out. | ||
Correct me if I'm wrong, brother. | ||
I know you're out in L.A. These electric vehicles. | ||
I wanted to start the show with this. | ||
So much of what's going on, people can't make sense. | ||
All this spending, they're trying to, what's in this budget, in the regulatory, so it's two ways. | ||
They're coming at you from the spending side, right? | ||
The woken weaponized spending, but I keep talking about systemic. | ||
They're also coming, the administrative state is coming at the regulatory side. | ||
That's what Jeff Clark lays out. | ||
I mean, this is just taking the Clean Air Act, which was from the 1960s, adding an element to it that is so radical. | ||
Now, you're out in California. You're getting it also at the state level with Newsom. | ||
We just had Kasperi on there. | ||
Correct. The people in California are going to take this. | ||
But this gets to the basic issue of why our economy is not hitting on all cylinders. | ||
We're not just not full-spectrum energy dominance. | ||
We've done this bizarro move To, like, take an energy superpower and redirect it to wind and solar and electric vehicles, it's so embedded. | ||
I mean McCarthy and these guys have, it's not billions, it's literally hundreds of billions of dollars in these tax credits and all this. | ||
So first, before we get into the economy overall, and I want to talk about gold and why it's been a hedge and why people should think about it. | ||
Just give me your overall perspective of the madness and insanity that we're trying to chop our way through, brother. | ||
I mean, it's obscene. | ||
And I think Jeff Clark did a really good job of sort of laying out how absurd it is. | ||
This concept of going green as a long-term idea may be a great idea. | ||
But right now, the nation clearly cannot support it. | ||
And I think Biden is incapable of thinking beyond the end of the day. | ||
And if you consider the Republicans' plans that they're putting forward, They're fairly reasonable, right? | ||
We're talking about a one-year debt ceiling increase, freezing spending at last year's levels, reclaiming tens of billions of dollars in unspent pandemic relief funds. | ||
I mean, it's fairly rational. | ||
And what does Biden say on the back of that? | ||
He said that McCarthy had effectively proposed huge cuts to important programs that millions of US households depend on. | ||
It's nonsense, right? | ||
It caps government spending, McCarthy's plan, at a 1 % increase per year. | ||
How is this massive cuts, right? | ||
It's just bizarro land. | ||
The guy hasn't got an idea. | ||
He's trying to appeal to special interest groups, but in the process, he's running the economy into the ground, and we're seeing it. | ||
It's bizarre. You bring up, and I'm glad you used those two terms, reasonable and rational. | ||
And we pride ourselves here in the warm of being unreasonable. | ||
And here's why. | ||
I think it's now a time in American history. | ||
And I've given a real hat tip to Speaker McCarthy, because he's got a herd cats, right? | ||
He's got the mainstream. He's got some guys up in New York. | ||
They're in tough districts. I get that. | ||
He's trying to get to 218 to be able to put something. | ||
And quite frankly, as we've been saying the show the last couple of days, the 218 has some very compelling arguments to it. | ||
And they've gone back to try to be reasonable and try to be rational and not look like this. | ||
We take a different view. | ||
And that view is that, no. | ||
We need to lance the boil now. | ||
And we've got to say, no. | ||
Not one penny increase to the deficit. | ||
And here's why. And this is why I think it's good that you're a precious metals specialist. | ||
You guys offer advice. You've been doing it for years. | ||
And why precious metals on fire, because you have Japan and India and China and Russia and others buying gold with both hands. | ||
And here's the reason. What is happening is not reasonable. | ||
It's not rational. | ||
If we try to count it with a rational plan, we're the suckers. | ||
What they're doing is absolute madness. | ||
And to the point, what I want you to address is the BRICS. Brazil, Russia, India, China, South America, and others, which are kind of what I call the global south that have the resources. | ||
They're sitting there and they're going, hang over a second. | ||
The West is controlled by the dollar. | ||
That is the prime reserve currency. | ||
Everything I got to do is in dollars. | ||
And they're not showing any discipline. | ||
All they're doing is a rolling devaluation. | ||
So I'm giving my rubber or my coal or my oil or my rare earths all the resources the Global South has. | ||
I'm trading that for an instrument, a Federal Reserve note, that they're devaluing. | ||
So, hey, maybe here's what I'm doing. | ||
And this is my theory of the case. | ||
They're essentially going to a quasi gold standard because they're actually being there are most of those countries are enemies. | ||
But you see the internal logic of what they're saying, the West. | ||
And we're remember here, we're fighting the Biden regime and the irrational people. | ||
They're saying, no, you have to go everything on electro, even if you believe the electrical vehicles. | ||
There's no absolutely rational people say we're going to do it in five years or six years. | ||
We don't have the grid. We don't have the charging stations. | ||
We don't have the lithium batteries. | ||
You have nothing. To me, first off, by going to a quasi-gold standard is actually saying, no, the West—and this is why we have to get our house in order. | ||
And the only way we get our house in order, if the war room posse, first off, gets the birch gold, you know, the third installment on the debt track, because we wrote this months ago, but it's like we ripped it off today's headline from this morning's Wall Street Journal. | ||
We have to be unreasonable. | ||
And unreasonable is have to say no, because we're going to have this fight. | ||
Give me your thoughts on that, Philip Patrick. | ||
Listen, you're absolutely spot on. | ||
We talk about gold as a hedge, and it is proving that. | ||
I mean, I didn't need to prove it. | ||
It's done that for the last 5,000 years, but it's proving it as a market hedge shorter term, right? | ||
What have we seen in the markets? | ||
S&P down 20 % in the last year. | ||
Bonds down 13%. | ||
Inflation officially at 5%, really at 15%. | ||
The dollar down 7 % in the last 16 months. | ||
What's gold done on the back of that? | ||
Up over 10.6%. | ||
So it's hedging financial markets. | ||
Look at demand. | ||
This is really important. | ||
Demand for physical gold rose 10 % to a nine-year high. | ||
Central government Gold demand rose 82%. | ||
2022, biggest year for central bank gold buying in history. | ||
So we know why individuals are buying it. | ||
They're looking at a market hedge. | ||
They're looking for something that doesn't have counterparty risk. | ||
They're looking for real wealth. | ||
Central governments is a different picture, right? | ||
Are they hedging economic uncertainty? | ||
Absolutely. The IMF just slashed its global economic forecast in half. | ||
But what it really is, and this is what you mentioned, it's a vote against the dollar as a store of value. | ||
And this is the biggest problem, right? | ||
Brazil, Russia, India, China, they're essentially eliminating the dollar from their transactions. | ||
They don't want dollars if they can avoid it. | ||
Now, is the yuan or the ruble going to be global reserve currency tomorrow? | ||
No. They both have issues. | ||
It's going to take time. | ||
What it's telling us is even a handful of non-dollar trades significantly affects the dollar's global role. | ||
When currency regimes change, gold is the default store of value. | ||
Nobody knows at this point what's ultimately going to replace the dollar. | ||
So instead of risking a bad bet, They buy gold because gold is the hedge. | ||
So historically, during times of uncertainty like this, air coming out of stock market bubbles, a shift in global reserve currency regime, gold does well. | ||
So I think we've proven it's a hedge today as it has been many times in history. | ||
5,000 years. I'm going to go back to the central banks for a second because we're not here to give investment advice. | ||
What we're trying to do is give the macro and some of the micro. | ||
But my thing I tell everybody, and this is on every topic we do, I try to immerse you in information. | ||
And so you guys can make your own rational. | ||
So this is a free society. | ||
You're free men and women. You have to make your own decisions. | ||
Being the prime reserve currency comes with tremendous benefits. | ||
It also comes with tremendous responsibilities. | ||
I'm not saying that we have to be the prime reserve currency going before. | ||
It has been other countries in the past. | ||
It has been England, the United Kingdom, until the end of World War II, where the pound had been since the Napoleonic Wars, basically since the Congress of Vienna. | ||
It had been the Spanish currency before. | ||
It had been other currencies before. | ||
Okay? I'm not saying it has to be. | ||
But you don't come off of that without major—and I mean major—financial and economic consequences. | ||
And it's not something to be done to be forced upon you. | ||
It's something you have to—and look what happened to England. | ||
Look at all those lost years until Thatcher came to power in the late 70s and early 80s. | ||
The English lost a generation, right? | ||
You see the Japanese have lost—they're called the lost generation. | ||
We are going to do that if we continue on this massive irrationality and continue to spend. | ||
I am not taking the side of our enemies here. | ||
I want to make sure people understand that these are particularly in Persia and in Saudi Arabia, in Turkey, in the KGB in Russia, and particularly the CCP, in Lula in Brazil. | ||
They are the enemies of the United States, but we are playing into their hand and making them seem logical. | ||
Go back. I've got a couple of minutes. | ||
I've got to get to this central bank thing. | ||
The central bankers also have a massive responsibility to their countries. | ||
Walk me through again the purchases of gold, because this is not Steve Bannon saying it. | ||
This is not Philip Patrick, the guys with Birch Gold. | ||
These are some of the heaviest dudes, men and women in the world, that every day are under pressure to make tough decisions. | ||
What are the central banks doing in regards to gold? | ||
Listen, you're absolutely spot on. | ||
I always tell people, you can listen to what I say, that's one thing. | ||
When central governments are buying gold at levels never seen before in history, it means more than anybody's opinion. | ||
There is no smarter money than central bank money, and they are moving into gold. | ||
Like I said, last year was a record in history for central bank gold buying across the board. | ||
And it's not just Brazil, Russia, India, China. | ||
It's our allies as well. | ||
When currency is up in the air, people turn to gold. | ||
That's what's happening, and it's happening on a big, big scale. | ||
And it's because we're trashing the dollar every day. | ||
Okay, Philip, hang on. We're going to get more into the economy. | ||
I got Ben Harnwell in room. | ||
We're going to talk about Ukraine. We're going to take a short commercial break. | ||
We're going to be back in the war room on our Saturday session. | ||
My favorite show of the week. I love them all. | ||
I love all the war rooms. But something, you know, being a kid and having to work on Saturdays, this was my show. | ||
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Back in a moment. Take it out, CCP! Take it out, CCP! Everything's just beginning For the games you want to play Bring it on and I will fight to the end Just watch and see It's all started Everything's begun And you are over Cause we're taking down the CCP! Spread the word all through Hong Kong. | |
We will fight till they're all gone. | ||
We rejoice when there's no more. | ||
Let's take down the CCP! War Room. | ||
Here's your host, Stephen K. Bamm. | ||
But ever since the fall and winter, we've really been surging air defense capabilities to Ukraine to include a U.S. Patriot system alongside one that Germany is providing. | ||
We've contributed NASAM systems. | ||
Other short, medium, and long-range air defense and missile defense systems. | ||
So we're doing everything we can. | ||
We've made two priorities. | ||
One was to bolster Western air defense systems. | ||
I already mentioned the Patriot systems. | ||
But also to make sure that they had sufficient artillery and that we were providing them the armored and mechanized systems that we knew they would need And would need to be trained on for the upcoming spring and summer offensive. | ||
So we are all in. | ||
Okay, we're all in. | ||
Welcome back to the war room. | ||
Let's go to Rome and bring in Ben Harnwell. | ||
Ben, we can't talk about getting our arms around the budget, stopping the spending here. | ||
The defense budget is $850 billion. | ||
I'm a believer of taking down the CCP using non-kinetic means now. | ||
We've got to fight them in a gunfight in the South China Sea. | ||
We've got to get ready for that immediately. | ||
I'm all in on that. | ||
They're number one priority. But we need to cut the defense budget. | ||
We cannot continue to spend—and this is because we're spread all over Hell's Half Acre. | ||
And the biggest place we're spread all over is Ukraine. | ||
Walk me through. Who is that individual? | ||
Why is this another tripling down, particularly when we just had the release of the classified documents from Ron Filipowski and others have watched the show so closely? | ||
I disagree with you. | ||
You keep saying that the slides about Ukraine were Russian disinformation. | ||
It's all changed. I'm not buying that because I haven't seen the evidence of that. | ||
I see the evidence of all the different 100 plus slides of the leaks. | ||
And it all hangs together, and you haven't seen blowback. | ||
I haven't seen Milley testifying and say it's not true. | ||
Right now, it says in the slide 70,000 Ukrainian troops dead, casualties, the 16,000 or 17,000 Russian. | ||
Plus, it shows everything's a lie. | ||
We've been told the whole triumphalist narrative is a lie, including this big spring offensive they're supposed to get ready for. | ||
Ben, why is this clip so important? | ||
Even with what we know now, they're still adamant about all-in. | ||
And all-in means not just more dead Ukrainians. | ||
I'm going to get Philip Patrick here in a second. | ||
It means more tens, if not hundreds of billions of dollars from U.S. taxpayer poured into the charnel house that is the combat zone of Ukraine, sir. | ||
Steve, this was an interview that was released earlier on in the week with the editor of Foreign Policy. | ||
And the guy being interviewed, Colin Carl, is the Undersecretary for Defence. | ||
He's the guy who's in charge of policy, and specifically, of course, with regards to Ukraine and its spring offensive. | ||
And this is really the, as you say, this isn't Anything that's been leaked or has emerged in papers, Pentagon papers, of unconfirmed veracity. | ||
This is an interview, a public interview, where the head guy at Defence is saying perfectly clearly that the United States is all in with regards to Ukraine. | ||
If anyone watching the War of Impossible, this isn't going to be news because we've been covering this and all the indications from the United States and from NATO have been that this is basically a proxy war. | ||
Obviously, some attention needs to be If I might just go on, because this ties into something else that happened earlier on in the week. | ||
Sure. And that is Jens Stoltenberg went to Ukraine. | ||
I think it was on Thursday. And this is the quote that Stoltenberg gives. | ||
This is how it all ties together. He says, NATO stands with you today, tomorrow, and for as long as it takes. | ||
NATO has been saying this, as has the United States, as has the UK, for some time here. | ||
It pivots, I think, to what Putin has been saying domestically. | ||
He's obviously been pilloried by the West, but Putin has been saying That really NATO is involved in this war. | ||
It's acting behind the scenes. | ||
And NATO has sort of been denying this. | ||
Again, somewhat contradicted by the leaked Pentagon papers. | ||
But now, again, this is the Secretary General of the UN speaking on Ukrainian sort of, not a NATO ally. | ||
Though, obviously, if you want to To type in the word ally into any of the press articles that have come up, it's the number one word that is repeated again and again and again about NATO allies. | ||
Of course, Ukraine isn't one. | ||
But Putin has been saying that this is a war, and NATO is acting behind the scenes. | ||
And this is absolutely true, because what is NATO? But it's simply a glove, which is the hand within this glove is the United States. | ||
See, this is what's happening. | ||
It's basically the equivalent of how do you boil a fog? | ||
If you throw it into the boiling water, it's going to hop out straightaway. | ||
You turn it up one degree at a time, it's going to be boiled to death without ever having realised the increases of temperature. | ||
And this interview here, as I say in Foreign Policy, is yet a further illustration how the goalposts are sort of constantly being moved in. | ||
And without anyone, without the president ever going to Congress or asking for war powers or anything like this, the United States is now pretty much admitting that it is all in in a war of which it is ostensibly not a player. | ||
All in and it has never come to the American people. | ||
Just hang on for one second. I'm going to come back to this whole NATO as vassal state and what's really going on here. | ||
I want to go to Philip Patrick. One of the reasons we have central banks buying so much gold, one of the reasons we have so much perturbations is that the US, as part of this initial policy about Russia, we did to the Russians what we never did to the Nazis, or to the fascists, or to Imperial Japan in World War II, or even the Bolshevik, even the Soviet Union. | ||
We went right after their central bank and we tried to destroy the ruble. | ||
And that caused tremendous perturbations now because he has, wait for it, natural resources, oil and gas. | ||
They were able, and every day you hear the economy's collapsing, Putin's being overthrown. | ||
But walk me through the U.S. because one of the reasons they're trying to get off the dollar. | ||
Is being used the dollar as a weapon. | ||
And I'm all for using the dollar as a weapon when you use it rarely, but you use it like a nuclear weapon, like taking it on the CCP after Hong Kong. | ||
You can't just keep going on these sanctions all the time, or they're going to sit there and go, yo, dude, I'm addicted to this stuff, and it's a weapon you can use against me. | ||
Hey, call the gold desk. | ||
I think I want to back my natural gas and my oil and my economy well. | ||
Is that essentially what's happened here? | ||
We weaponized it in this situation using Ukraine as a proxy war against Russia and has blown back on us? | ||
It's exactly what happened, and I think your perspective was absolutely right. | ||
Look, Russia were prepared for it. | ||
They've increased gold holdings. | ||
They have a very undiversified economy. | ||
I've said before they're essentially a gas station. | ||
We sanctioned them. | ||
Ruble plummeted. | ||
It pegged the ruble to the price of gold. | ||
It stabilized, and that was that. | ||
Had we saved that bullet for China, it would have been devastating, right? | ||
But I think Russia and China were always seeking an alternative to the dollar, but they didn't have the motivation because it's... | ||
Problematic, right, to go out and really do it. | ||
This gave them the motivation, obviously trying to have aspiration for Taiwan. | ||
They want to make sure they're as prepared as possible for U.S. sanctions. | ||
So I think it significantly escalated the inevitability, and I think it was just a big political misstep on behalf of the Biden regime, but no surprise, right? | ||
One of the things we try to do on the show is to make sure we give nomenclature, process, critical paths, statics and dynamics, so that people can come to get their own mental map and their own understanding, so then they can learn going forward about how the world works. | ||
I want to go back to something that is one of the most important, not just elements of the Ukraine war, but one of the most important things that happened in modern economic history in the 21st century. | ||
Was in the early months of this war, when we were using economic warfare like we've never used against either Hitler or the CCP, and we used it against Russia and what they did. | ||
And it almost got no coverage in the corporate mainstream business media. | ||
Talk about... Putin and these guys, when we were trying to crush the ruble in the first hundred days and take down their central bank, holding actually the dollar reserves they had in other banks throughout the West, they went and made a move to peg the ruble to gold. | ||
Walk me through that and what happened. | ||
And most importantly, why was the business media not covering this nonstop, sir? | ||
I mean, look, the mainstream media is trying to paint Biden as a saint, and I think every misstep is swept under the carpet. | ||
So again, that's no surprise. | ||
But like I said, Putin's pretty smart, right? | ||
He went into Ukraine in 2014, took Crimea. | ||
I think he always had aspirations to take the rest of Ukraine, but knew that they had to prepare, right? | ||
I think he knew what would happen from a sanctions standpoint. | ||
Ruble plummeted initially. | ||
He increased gold holdings. | ||
He pegged the ruble to the price of gold. | ||
It stabilized, and it went to 30-year highs. | ||
The ruble hadn't been stronger at one point for 30 years. | ||
So it didn't have the dramatic effect on the Russian economy that they thought would. | ||
It would. And of course, Russia have a lot of control. | ||
As you mentioned, they've got a lot of natural resources and it gives them control in terms of how they spend. | ||
You look at Russia and China now, sorry, having very successful conversations with the Saudis. | ||
This is a significant problem for us here in the U.S. The petrodollar was a sacrosanct agreement between Nixon and the Saudis since the 70s. | ||
For them to break that, I think, is a reflection of the U.S. on the global stage, and we're weakening our grip. | ||
This is what I've always said. | ||
A president lasts four or eight years. | ||
But the damage that this guy is doing, if he continues down this path, will long outlive his presidency, long outlive. | ||
So this is really concerning stuff. | ||
I think that Shakespeare tells us this, right? | ||
Is it Mark Antony's Eulogy to Caesar in the play that the evil that men do far outlive the good they do is interred with their bones, but the evil that men do live on. | ||
And that's what we're seeing. | ||
I want to make sure people understand that there's a fundamental shift in the global economy. | ||
And that shift is not playing to our benefit. | ||
We have been the prime reserve currency. | ||
We've been the dominant economy in the world since the Second World War. | ||
And part of the reason was is our allies, the Chinese people and the Russian people, not the leaders, not Stalin and not Mao Zedong, but they took the brunt of the Nazis and they took the brunt of Imperial Japan. | ||
Our valor can't be questioned. | ||
We really, like in World War I, were the deciding factor to bring the end to the war. | ||
But they were the economies that were devastated. | ||
They were the countries that were devastated. | ||
We stood astride the globe as a colossus at the end of the war, basically unhit, except for Pearl Harbor, right? | ||
We had lost, what, six, seven, 800,000, I think, total in the fight. | ||
But England and the rest of Europe and Russia and China were devastated. | ||
And since that time, Bretton Woods, we've been the premise of our career. | ||
What we're doing now is not thought through, even back then. | ||
These people really thought it through. | ||
They had a plan. They had an idea. | ||
This is just completely the bottoms falling out. | ||
Okay, we're going to take a short break. I got Ben Harnwell for a few minutes and Philip Patrick here. | ||
We're going to wrap up the first hour. | ||
We're going to talk about NATO as the vassal state in Western Europe and some closing thoughts on how this all comes together with Philip Patrick. | ||
Short commercial break. Back in the warm in just a moment. | ||
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Everything's just beginning But the games you want to play Bring it on and I will fight to the end Just watch and see It's all started Everything's begun And you are over Cause we're taking down the CCP Spread the word all through Hong Kong Getter has arrived. | |
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Okay, Getter, make sure you go up there. | ||
We're putting up information all the time. | ||
We've got this huge conference in the greater Los Angeles area on World War III, the early years. | ||
We've got so many top people around there. | ||
I'm going to give the closing remarks on Sunday. | ||
Let me go to Ben. Ben Harnwell, I've only got a couple of minutes. | ||
Give me your latest report from Kiev. | ||
As we're shelling out tens and hundreds of billions of dollars, we're having this massive fight. | ||
They're going to have to cut all these programs for Americans. | ||
What's happening in Kiev, sir? | ||
Well, it's a very different picture from East Palestine, that's for sure. | ||
This now is a report I'm going to read from The Times, okay? | ||
This is dead down the centre establishment. | ||
Cocktails, oysters and air raid sirens. | ||
War hasn't soured Kyiv's taste for the good life. | ||
There are now more bars and cafes in Ukraine's capital than before the invasion. | ||
Here is the excerpt, and I'll leave you with this, right? | ||
The Kyiv Opera is open, and luxury spas offer gold leaf facials and teeth whitening. | ||
At Soom, a huge art deco department store that is Ukraine's equivalent of Harrods or Harvey Nichols, moneyed shoppers pick up Chanel bags and Prada suits. | ||
It's no different here, one sales assistant said. | ||
It's just the same as it was before. | ||
This is what our sociopathic overlords are hiding from us and keeping from us, and the rest of the mainstream media is broadly complicated. | ||
Occasionally a crack opens, Steve, and some sunlight of truth comes through, and we get to see what the real picture is. | ||
This is the life in Ukraine. | ||
And of course it has to be like that. | ||
Because all of the unaccounted for billions that the United States and other countries have been pouring into Ukraine has to be spent somewhere. | ||
And this is where it's being spent, on gold leaf facials and teeth whitening in Kyiv. | ||
Ben, what is your social media? | ||
How can people keep up with you of all the great reporting you're doing about this? | ||
It will be on Getter, which is my profile, is my surname, at Hanra. | ||
And I'll also announce now, if I may, Steve, You know, your daily command brief on the warroom.org website, which I encourage everyone to go to and subscribe to. | ||
From today onwards, I will be doing original content for the website, which if you register for the newsletter, you'll get the heads up on that. | ||
Original, exclusive content, and it will be my daily roundup on the international news. | ||
Fabulous. Look forward to launching that. | ||
I think we're officially going to launch it on Monday. | ||
Thank you very much. Ben Harnwell, love it. | ||
Thank you very much, sir. Appreciate it. | ||
Philip Patrick, I want everybody to go to birchgold.com slash banner right now to get our end of the dollar empire because if the empire is going to end, it should end logically. | ||
I don't happen to think it should end, but it should end logically. | ||
The bottom's falling out on this. | ||
What guidance do you have for us in this massive fight? | ||
You see what's happening in Kiev. | ||
It's just a joke, a sick joke. | ||
Give us your assessment, Philip Patrick. | ||
Yeah, look, it's crazy. | ||
Huge, huge spending now in Ukraine, and we're 14 months in, right? | ||
Proxy wars between the US and Russia tend to last a long time, so it looks like it's going to get very, very, very expensive. | ||
Central government gold buying, I said last year, record highs, 1136 tons, and that's what was officially reported. | ||
I expect that to continue heavily through the end of this year as well. | ||
Tough times in front of us. | ||
Central governments now are hunkering down, hedging their exposure, and I think everybody else has to be doing the same thing. | ||
So as you said, birchgold.com slash Bannon, that's going to get people access to information, which at times like this is really, really important. | ||
Remember, what applies for central banks applies for us just on a smaller level. | ||
I, like you, hope this is not the end of the dollar's empire. | ||
But if it is, we need to start hedging our exposure and planning for the worst and hoping for the best. | ||
I had not heard you, and by the way, Philip is one of the guys that I depend upon to do analysis. | ||
You know, we have Cortez, we have Navarro, Brad, Philip's part of the team. | ||
I had not heard, so you believe that the level of Central Bank purchasing gold in this year, because you don't see the chaos getting any better, you think the decisions they're going to make are going to rival the levels they bought last year? | ||
Yeah, I absolutely do. | ||
The dollar's looking shakier this year than last, and I think that leads to an increase in central government gold buying. | ||
And the trend is that way through April so far. | ||
So we're heading in that direction for sure. | ||
And the logic is they sit there and go, hey, I can't get fired. | ||
If I use gold as a hedge, it's been for 5,000 years. | ||
If I do something else, I can get fired. | ||
Nobody's going to criticize me at the end of the day if I keep buying gold. | ||
Is that basically the central banker? | ||
That's their insurance policy, right? | ||
That's it. | ||
And they're looking to be smart, right? | ||
We've seen dollar decline. | ||
We've seen gold shooting up this year. | ||
So it's working for them and it's working for individuals, too. | ||
I expect it to continue, sadly, to do so because, obviously, I think prospects for the dollar, short to medium term and long term, if we don't have a change, not so good. | ||
Okay, Philip, once again, birchgold.com slash band, and you get all the information on the 401ks, you get it on the IRAs, you particularly get the end of the dollar empire, three-part series, and the third part is the debt trap, you can get that. | ||
Philip, how do people get you on social media? | ||
You're putting up great content all the time. | ||
Where do people go? Thank you, Steve. | ||
Really simple, at Philip Patrick on Getter, at Philip Patrick on Getter. | ||
Philip Patrick, thank you for taking time on your Saturday to be with us. | ||
I appreciate it, brother. My pleasure. | ||
Thank you, Steve. I got to tell you, this is—and I say this about us being—we're not going to back off the debt ceiling fight. | ||
And they're going to call you every name in the book. | ||
And you see what they're doing on the electric vehicles, what this crazy thing is about the shift into the net zero carbon. | ||
It doesn't have a logic to it. | ||
Even if you believed in that you had to do it, the way they're doing it is too radical and too ill thought through. | ||
Okay, in the next hour, there's a massive conference out in LA on the Third World War, the early years. | ||
We're in it now. We're going to walk through the geopolitics. | ||
We're going to walk through the economics. | ||
We're going to walk through the impact on you and your family. | ||
All of it. We're going to take a short commercial break. | ||
We're going to be back with the second hour of our Saturday show here in the War Room. | ||
Take a short commercial break. | ||
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