April 29, 2023 - Bannon's War Room
48:53
Participants
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| Speaker | Time | Text |
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| This is the primal scream of a dying regime. | ||
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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 try 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. Babb. | |
| Okay, welcome. Saturday, 29 April in the year of our Lord 2021. | ||
| We are packed today in this morning show. | ||
| First hour is going to be on fire. | ||
| Second hour on fire. | ||
| I want to go. Congressman Matt Rosendale joins us from Montana. | ||
| Congressman, you were one of the hard six in basically making sure that we actually had a process, procedure, rules, everything in the first week of January that really changes the direction of the country, and you were a hard no all the way through. | ||
| No matter what influence came your way, you said, no, I'm not there. | ||
| But in this in this debt ceiling fight we've had the last week, you actually were a guy that decided to vote for it. | ||
| Walk us through because his audience, when they think a hardcore MAGA, ultra MAGA, they think Matt Rosendale. | ||
| Walk us through your logic. Where do you think we stand now? | ||
| The Biden regime is already, you know, Politico is reporting they're stunned that you guys came up with it, that you're actually prepared to put a bid on the table. | ||
| So just walk us through where we are and what was your thinking, how you got there. | ||
| Sure. I guess the real short answer is, Steve, is that this is a lot better than a $1.7 trillion omnibus with 7,000 earmarks. | ||
| It's jammed in it from the Senate. | ||
| I mean, it really is. I've been working together with many of the House members, as you know, that were in on the original fight in the House and with about a half a dozen of the senators for the last just about 90 days to make sure that we could put together a plan. | ||
| And the Democrats in the House and the Senate really didn't think we were going to be able to come up with anything. | ||
| And so they were already plotting on what they were going to put forward in the form of another omnibus or a continuing resolution to go ahead and fund some more of their pet projects. | ||
| And we were able to craft something that for the first time in probably two decades actually starts taking spending back away from Washington. | ||
| And I'm really pleased with that. | ||
| I mean, there's four big components of the package that we send forward. | ||
| Number one, it freezes spending at 22 levels. | ||
| I would have loved to have been able to get it froze back at the 2019 levels. | ||
| I just... I need 217 people like Stephen Kay joining me up here, and I don't have that, okay? | ||
| So we went back to the 22 levels. | ||
| We're going to have a 1 % increase from that as we look forward. | ||
| The other thing is the ridiculous spending that the Biden administration has been responsible for over the two years. | ||
| Much of that we're starting to claw back. | ||
| for the Green New Deal, the 87,000 IRS agents. | ||
| The $400 billion price tag on what I call the student loan redistribution program is put back into this revenue that we're going to be able to use to pay bills. | ||
| And so I look at this as being able to fund government responsibly. | ||
| Now, did we have an increase for the debt ceiling there? | ||
| Yeah, and it's 1.5. | ||
| Would I have preferred to not have a debt ceiling increase? | ||
| Sure. Would I have preferred to keep it at least under 1 trillion? | ||
| Sure. But the other thing that I think everybody needs to keep in mind is that the debt ceiling is also capped out at March 31st or 1.5, whatever comes first. | ||
| And based upon the revenue projections that we're seeing now, we're going to hit March 31st before we ever That puts us in a position to have another bite at the apple during the appropriation bills process, which is rapidly approaching, and The next time we have to address the debt ceiling. | ||
| Each one of these times, it is my absolute intent to make sure we claw back more unnecessary and out of control spending. | ||
| Two things. Number one, I want to just go because Dave Walsh, my co-host this morning, he's going to get into the energy side. | ||
| Part of this and one of the things I said, look, McCarthy's got a different job than we have here. | ||
| We can be the hardcore and the dead-enders. | ||
| We can't have any increase at all. | ||
| Our audience is 1,000 percent for that. | ||
| But McCarthy also went into the Green New Deal and really tried to gut a lot of this radicalness of the Biden regime. | ||
| Walk us through that because I'm going to have Dave Walsh do some analysis for us here in a minute about how central this is to the destruction of our economy. | ||
| Oh, my gosh, absolutely. | ||
| They have this agenda where they want to force the population to utilize renewable energy at all costs. | ||
| That is a major problem, whether we're talking about wind energy, solar energy, or electric vehicles. | ||
| And I talk to power companies all across the state of Montana that simply don't have the ability to provide that. | ||
| We have to have baseload electricity. | ||
| We have to have coal-fired vehicles. | ||
| We have to have the natural gas power plants. | ||
| I know that we've been talking about the nuclear power plants that right now have become so very efficient they can build a package plant in a plant and deliver it. | ||
| And the way that they're able to recycle and reuse the uranium, there's hardly any kind of byproduct whatsoever. | ||
| And that is the kinds of things that we need to focus on and allow business and industry to develop those and take advantage of their technology and their innovation instead of trying to force. | ||
| I went to a wind farm just north of Model City, Montana. | ||
| It's got 135 turbines there. | ||
| And if not for a $30 million rebate that they were receiving from the government, this thing wouldn't even pencil out. | ||
| The other thing that makes it possible for them to function is that We're backing up the power from a coal-fired power plant, which used to be the largest coal-fired power plant west of the Mississippi in Coal Strip, | ||
| Montana. The environmental regulations have forced the closure of two of the four units, and so now they're backfilling this with wind energy, which, by the way, is only reliable at peak performance 40 % of the time. | ||
| Congressman Rosendale, you talked about March or $1.5 trillion, whatever comes first. | ||
| When Biden comes back and puts this back in your guy's face and saying, no thanks, not interested, do you believe the conference, particularly moderates, gets savvy and say, hey, we got to come back, we got to dig in, not concede anything, and not just that, we ought to be thinking of more cuts now to get up in the grill because they're never going to compromise on that. | ||
| What's your thinking? I think they are because we're already having those conversations as part of the, as you know, the 12 bills that are required for the appropriations process. | ||
| So we are already having conversations across the conference about where else we're going to be able to fund government responsibly and where we can reduce this out-of-control spending that's been taking place, quite frankly, for decades. | ||
| Will the appropriation process be regular order as you see it right now? | ||
| They're saying you guys are going to fail on that. | ||
| We're going to get another omnibus. | ||
| As you see it today in late April of 23, are we going to go regular order and really get to some cuts there? | ||
| Or is it going to be some jammed up omnibus bill at the end? | ||
| No, Steve, I am absolutely convinced that we are going to go through the appropriations process with regular order, that these documents will come out to the House floor, we will have debate, we will be able to amend, and we're going to have the light of day exposed on all this spending. | ||
| Congressman Rosedale, how do people follow you? | ||
| How do people get to you? At RepRosendale, all of my social media, all of my Twitter, everything, at RepRosendale, and you will see what we are doing and why we are doing it. | ||
| Congressman, if it wasn't for you and any bigs and a couple of other of the real patriots, we wouldn't even be in this position to fight. | ||
| Well, nobody would even know about it if it wasn't for you, Steve, so we appreciate you sharing our information. | ||
| Thank you, Congressman. I really appreciate that, and the Warren Posse does, too. | ||
| I mean, we had Biggs on last night. | ||
| We had Chip Roy in last night. | ||
| And Chip Roy was like Rosendale. | ||
| They voted for it. But it was a tactical decision to show that we could get something done. | ||
| And Biden's going to reject it anyway. | ||
| Real quickly before I go to Philip Patrick, because I want to get, I got to get the Philip Patrick's thing in here. | ||
| One of the centerpiece, and I've got the great Dave Walsh who's my co-host this morning. | ||
| Dave, one of the things was that, and you've been telling people, I say, look, this energy plan they have is so radical and so unworkable. | ||
| It's the centerpiece of the Biden budget all over, and we're actually talking about South Carolina in a couple blocks from now. | ||
| But just what you see, what McCarthy is trying to go in, and a big part of this proposal is to start to gut where we can gut on the Green New Deal your observations. | ||
| Well, the Biden program, the Inflation Reduction Act, the IRA, is one of the most poorly masqueraded misnamed pieces of legislation ever developed. | ||
| It is a centerpiece of the Green New Deal. | ||
| It is all about implementing the Green New Deal. | ||
| It is not about inflation reduction. | ||
| It is about the massive increase of the cost of electricity and gas and oil to our citizens, coupled with a massive reduction in the availability of electricity. | ||
| And I tell you, one of the latest things that's happening, in contravention of the major doctrines policy that the Supreme Court ruled on, West Virginia. | ||
| In respect to the West Virginia AG step forward with a clean power plan, which the Supreme Court upheld that the EPA acted way out of scope, way out of bounds in ruling on a matter of public policy, not a matter of environmental chemistry or emissions, which this was not about, but stepped into public policy in mandating the shutdown of coal plants next week. | ||
| The EPA is coming out with a new regulation that violates this to force base load and intermediate duty combined cycle plants. | ||
| That's all of our gas-fired power generation in the country, which is now 40 % of our electric power generation is gas-fired to be Armed with either carbon capture systems, which will cost about a billion and a half a plant, that would be across the country a $550 billion spend on moving carbon emissions, | ||
| carbon isn't emissions, carbon smoke, through pipelines into aquifers, many of which aren't nearby power plants, or transition to carbon fuel, 100 % carbon fuel, or shut down. | ||
| An enormous cost to ratepayers of either lack of reliability as these plants close and don't do that or spend the money. | ||
| So this is next week's effort by the EPA to further this fight. | ||
| Unbelievable. We're going to get to all that. In particular, we're going to take a state that's going to shock you of what's happening there. | ||
| I want to go back to Philip Packer. | ||
| By the way, it's very disconcerting, you know, Dave Walsh. | ||
| When he's in studio with the glass on, it looks like I'm sitting next to Tom Brokow. | ||
| I'm like the junior partner. People have told you that, I'm sure? | ||
| I've heard that before. No, dude, I know, actually, not well, but I've met him a couple of times. | ||
| He used to be on Breitbart Radio a couple of times. | ||
| It's quite eerie. | ||
| I think I'm sitting next to Tom Brokow. | ||
| God. Philip Patrick. | ||
| The fight, and you know they're going to come back and put it in our face, and I want to get to why all the central banks in the world are buying gold. | ||
| But one of the reasons is they control the resources, and they see the madness that's going on in essentially the Judeo-Christian West, in Western Europe and the United States. | ||
| Give me a minute or two summary of where we stand before we go to break, brother. | ||
| Yeah, look, I think McCarthy's bill at the moment looks to be a genuine attempt to negotiate. | ||
| I mean, capping spending at last year's levels is not a lot to ask. | ||
| $6.27 trillion is a lot of money. | ||
| For some context, last year was the third biggest budget in US history. | ||
| So the Dems can whine all they want. | ||
| This is not austerity. | ||
| It's barely even a curb on the most outrageous and wasteful forms of spending. | ||
| Look, I think at this point, it's the best that McCarthy could do. | ||
| He's in a tough situation. | ||
| But to me, it seems like an olive branch. | ||
| And you look at the White House response, and you wouldn't think so, right? | ||
| He's still demanding a no-conditions increase. | ||
| The Dems now leaning on lobbyists to try and pressure the Republicans. | ||
| I think at this point they're being outplayed, right? | ||
| The White House is losing allies fast. | ||
| We've got the Chamber of Commerce. | ||
| The Business Roundtable are congratulating the House on the deal and urging the president now to negotiate. | ||
| I agree with you. I think the deal gets rejected, but I think the Republicans are playing this smart for now. | ||
| So let's see how it unfolds. | ||
| But it's not an unreasonable plan, and it's not one the Democrats should be fighting. | ||
| But here's what Rosendale said, because they haven't taken our philosophy of gutting the Green New Deal and then having massive cuts down in the early periods and having the prioritization of payments as cash comes in, that they're going to—if they accepted this deal, they're going to blow through this. The trillion five—we're going to have another trillion five added to the national debt. | ||
| fairly quickly. We're gonna be back here in the exact same place. | ||
| This is my point. We've got to get these moderates to understand that the hardcore way is the way that it has to be. | ||
| And here's what we have to do. We've got to save the republic. | ||
| We have to save the U.S. dollar. | ||
| We're going to talk about that. Central banks throughout the world, these smart guys, these other central banks, are buying gold, right? | ||
| Buying gold at the highest rates they've ever bought. | ||
| One of the top guys on Wall Street, I respect, I've known him for years, put out his newsletter, said the first time, he says, gold's not a conspiracy anymore. | ||
| It's unbelievable. Short break. | ||
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unidentified
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War Room. Here's your host, Stephen K. Bamm. | |
| Okay, go to birchgold.com slash war room to get the end of the dollar empire. | ||
| Now we hear Argentina's joining the crowd. | ||
| Throughout the world, they're doing this. | ||
| And we're going to talk to Dave Walsh. | ||
| The petrodollar is a thing of the past as they try to move you to a basket of currencies or to the wand. | ||
| This is going to impact your life. | ||
| The third installment, it's totally free, birchgold.com slash Bannon, is called The Debt Trap. | ||
| This will get you totally immersed and up to speed on all the nomenclature in the process when we talk about this debt ceiling fight. | ||
| We're not here to make you the most interesting person at the backyard barbecue or in the stands at the Little League game or at the dinner parties you go to. | ||
| You will be that. We commit to you. | ||
| We'll get you the information to be that. | ||
| But it's because you're the creditors committed to save your country. | ||
| The U.S. dollar is inextricably linked. | ||
| To this destruction of our republic and our freedom. | ||
| And we must make sure the population understands this. | ||
| Because this debt ceiling fight is going to be ongoing. | ||
| What McCarthy put up, and I do give a hat tip, he was able to pull it together and put it up in Biden's face. | ||
| Politico said, remember the headline said they were stunned, and then Politico took down that part of the headline because the White House went nuts. | ||
| They never thought they'd get to anything. | ||
| And it's obviously Philip Patrick and even Roselle. | ||
| It just cut... | ||
| The rate of growth of out-of-control spending. | ||
| We know eventually we're going to have to get to cut the programs because it's just not the revenues and these deficits are going to be bigger than ever. | ||
| That fights upon it. We have to be cunning and we have to be sophisticated, okay? | ||
| And that's what we're trying to do. Philip Patrick, I want to go because the BRICS and everyday foreign policy magazine had the front page article the other, the lead story. | ||
| The rest of the world's coming. | ||
| They used to laugh at the war room. | ||
| They ain't laughing anymore. And they said, hey, what used to be looked at is crazy talk. | ||
| The BRICS are actually organizing. | ||
| And what I say, and correct me if I'm wrong, You're seeing the natural resource guys, the Global South, that have the natural resources, particularly oil and natural gas. | ||
| And they're sitting there and they're going, hey, these guys are giving me Federal Reserve notes, and I've got to convert everything into it, and they're doing a rolling devaluation on me. | ||
| I kind of get it now. I see what they're doing. | ||
| So how about this? | ||
| How about I have my central bank start buying gold? | ||
| I've got the national resources. | ||
| We bind together in something. | ||
| I mentioned OPEC, and Dave Walsh wants to spit on the floor. | ||
| They're going to have an OPEC in everything, in every resource. | ||
| And, correct me if I'm wrong, you're the expert, I'm not, they're building a gold-backed With resources and gold, and Putin, who is supposed to be out of business, pegged the ruple to gold, and he seems like he's doing okay. | ||
| So is the global south finally wised up? | ||
| Because remember, all those guys went to Harvard and Stanford and University of Chicago. | ||
| They've got plenty of guys running numbers, and they're hiring McKinsey and Boston Consulting Group all the time. | ||
| So, Philip, when I see central banks... | ||
| Buying gold on a record level on 22, and they're starting off 23 on a record level. | ||
| And I've got hedge fund guys that have always said the gold thing, you gold bugs or a bunch of conspiracy theorists. | ||
| They're putting out reports now saying, hey, look, the number's so big that somebody's got to take this seriously. | ||
| Philip Patrick. Yeah, listen, it's a big problem. | ||
| De-dollarization is picking up steam globally. | ||
| As we mentioned, Brazil and Argentina signed agreements this week with China to pay for imports in yuan rather than dollars. | ||
| And this is, I think, the latest in China's efforts to undermine the dollar's dominance. | ||
| It's a big, big problem. | ||
| Now, I don't think the Chinese yuan is ready to be the global reserve currency. | ||
| It's still manipulated. | ||
| It's pegged rather than the free-floating or priced only by the market. | ||
| But strategic rivals like China and Russia, regional powers like India and Brazil, they're realizing that China, I think, has a lot to offer, maybe more so in their eyes than the US right now. | ||
| That is very, very concerning. | ||
| Now, short-term, what are central governments doing? | ||
| They're buying gold. Our enemies are pegging their currency to gold. | ||
| You rightly pointed out Putin did that with the ruble. | ||
| It immediately stabilized the ruble. | ||
| Even our allies are doing the same. | ||
| We're seeing an increase in central bank gold holdings amongst our allies, too, for the same reason that you mentioned. | ||
| We're watching this rolling It's a problem for our allies as well as our enemies. | ||
| It's a complete disaster. | ||
| We are slowly losing grip on global reserve currency status. | ||
| And as we've said before, nations do not come back from that. | ||
| It is significant. | ||
| And this, in the space of two or three years, it's unbelievable. | ||
| It's one thing for Argentina. | ||
| It's another thing for Malaysia, even Brazil, to say, I want to look at an alternative to the dollar. | ||
| When you have Iraq doing 40-year output deals, when you have Persia doing 40-year output deals, the CCP, when you have House of Saud doing it, when you have these big control entities of oil and gas, All of a sudden say, we're not going to use petrodollars, we're going to use the yuan. | ||
| How serious have you been in this all your life? | ||
| How shocking is it how quickly it's happened? | ||
| And by the way, we know they're going to cheat. | ||
| The yuan's not prepared to do that. | ||
| But it's directionally what our problem is. | ||
| Steve, I think you're understating it. | ||
| I think it's more than the global south. | ||
| When you look at the countries really aligned with the net zero decarbonization philosophy, I get nine. | ||
| Western Europe, Australia, New Zealand, the US, and Canada. | ||
| Thirteen. Thirteen countries. | ||
| 170 countries representing over 6.2 billion people not on board with this decarbonization. | ||
| Slow down and give me that again because this is the key point. | ||
| Net-zero carbon, these advanced democracies or economies, the information economies, want to go to net-zero. | ||
| Thirteen countries. Thirteen countries. | ||
| Nine in Western Europe, Australia, New Zealand, US, Canada. | ||
| All of the rest, including some that surprise some. | ||
| Japan, a lot of rhetoric about this. | ||
| Of course, participate in the G7 meetings such as happened at Sapporo 10 days ago. | ||
| A lot of hand-waving. | ||
| But the reality, my dear friends in Japan built 13 coal plants in the last five years. | ||
| Commissioned 13 coal plants to replace the short-term capacity hiccup with Fukushima. | ||
| Yeah. Suck on that, right? | ||
| They're telling you what they're doing. | ||
| And recommit to their Sockland Island LNG deal, which was a good deal for them. | ||
| It's nearby LNG. It's only 400 kilometers away. | ||
| It's $13 a decatherm. | ||
| They can't get that price from us. | ||
| Ours is too far away, the Coves Point facility. | ||
| Have a big stake in commitment-wise. | ||
| They buy 10 % of our energy from Russia. | ||
| So the non-net-zero guys telling you right now, we control the resources and the world's population, essentially. | ||
| We're going to go to some sort—we don't want—the petrodollar, and particularly the dollar, you're doing devaluations because you can't control. | ||
| Plus, you've got this radical plant that clearly is not going to work. | ||
| We're not going to be party to that. | ||
| Right. Another one's India. | ||
| India does give happy talk about net zero, decarbonization. | ||
| However, 80 % of its primary power generation is coal, and it's growing. | ||
| And in the last two months, with the European boycott, the Indian oil corporation has tripled down on its procurement of crude from Russia. | ||
| In the last two months, at very preferential prices, we hear $42, $45 a barrel. | ||
| They are very committed to the use of fossil fuels to promote. | ||
| They've got the biggest country in the world, biggest need for growth. | ||
| This is at the core of industrial growth. | ||
| Fossil fuels cannot be bifurcated from growing an economy. | ||
| They're on board. So they'll talk about this, but the reality... | ||
| They're not involved. Philip Patrick, are you buying into that theory of Dave Walsh that you've got the net carbon advanced economies that are politically correct, right, the 13 British Empire, former empire, Western Europe and the United States, and then you've got the rest of the world, and the rest of the world's sitting there going, there's central banks going, hey, I've got natural resources, maybe I go get some gold and not hold as many dollars. | ||
| Is there any line-up, is there any correlation to that? | ||
| Yeah, I think there's definitely a direct correlation there. | ||
| And listen, the numbers are staggering. | ||
| Last year, central banks bought 1,136 tonnes of gold. | ||
| That is the most gold bought by central banks in a given year since records begun, right? | ||
| It is unprecedented, and it's for the reasons that we mentioned. | ||
| There is a direct correlation there without question. | ||
| How can we—Philip, you first, and I'll go to Dave. | ||
| How can we have a radical transformation? | ||
| Because here's what's happening. We're going to have an example of a state that's going to blow your mind in a second. | ||
| How can we have a radical transformation of an industrial economy— That's not really debated and talked about, because you never see a debate about this, really. | ||
| It's kind of in the mindset of the elites. | ||
| At the same time, have this massive, massive welfare state and an economy that's collapsing. | ||
| We continue to spend, and nobody really wants to stand up to it. | ||
| At the same time, the world is sitting there going, we're not buying into this anymore. | ||
| We see what you guys are doing, and we think you're irresponsible. | ||
| Philip Patrick, first you, and then Dave Walsh. | ||
| Look, it's just a frightening prospect, and I think it's a reflection on where this country has descended to under Biden. | ||
| Even our allies now are saying, hey, maybe we shouldn't follow the U.S. blindly. | ||
| Look at what Macron was saying just a couple of weeks ago. | ||
| But this in on itself is very, very concerning. | ||
| I think generally nations are looking at the West as fat. | ||
| Spoiled and weak, and now's the time to make their moves. | ||
| And we're seeing that from a currency standpoint, from a military standpoint. | ||
| The West is looking weak, and our enemies are taking action now. | ||
| It's a big problem. | ||
| Dave Walsh. | ||
| Well, we can talk about, I mean, the South Carolina example. | ||
| But this is happening in many, many, many of our states. | ||
| South Carolina is a repository, a great recipient of a tremendous amount of foreign investment, particularly from Germany, in terms of chemical plants and most notably car plants, largely because, among other things, of historically very high German electricity costs at roughly four and a half times those prevalent in South Carolina. | ||
| South Carolina has enjoyed about 11 cents a kilowatt hour. | ||
| Lower 20 % of the U.S. in cost for electricity. | ||
| Germany, before the crisis, 4.5 cents, 4.5 times more. | ||
| German chemical plants, auto plants have come to South Carolina. | ||
| They've come in part because of the energy cost being preferential. | ||
| However, now we've got the State House mandating that a lot of the regional utilities, such as the Santee Cooper in the Midlands, but 250,000 South Carolinians are supported by the Santee Cooper utility. | ||
| The State House is commanding that they be net zero by 2050, which means they're going to spend, Santee Cooper alone, $15 billion on transitioning two great coal plants, the Wiena and Cross plants, generating about, collectively, 3,400 megawatts of electricity. | ||
| 61 percent of their base be eliminated. | ||
| By 2032, and is placed with about 17 % solar, wind, and the balance with gas-fired technology at a cost to ratepayers in the Midlands of about $15 billion to transition off coal. | ||
| You're saying a Republican state? | ||
| Republican state house pushing this. | ||
| That has two folks that are running for president, Nikki Haley and Tim Scott. | ||
| The state house is pushing a net zero carbon? | ||
| Yeah, and this plan will push electricity costs for ratepayers in South Carolina up by a factor of 2.5 by 2050 and ruin its competitive advantage for industry. | ||
| Short commercial break. We're in Delvin All. | ||
| I've got Dave Walsh in studio. | ||
| Philip Patrick from Birch Gold joins us, and we're going to break it all down when we return to War Room. | ||
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unidentified
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War Room. Here's your host, Stephen K. Band. | |
| Okay, welcome back. | ||
| Philip Patrick... | ||
| The central banks buying all this gold, and even the guys on Wall Street, I know a bunch of head funds are putting up 30%, 40 % of their portfolios in precious metals. | ||
| What does that mean? Because I think one of the reasons people see this is they don't think still we're serious about getting control of our debt, the deficits, what they're looking at, even with the Republican situation. | ||
| That's a $3.50 lift to the debt ceiling. | ||
| We're going to hit that By the fall or by January, February, they even put a thing of March next year. | ||
| We're going to be right back to the table with the same situation. | ||
| Nobody's got the political will to cut the spending. | ||
| Correct. So where does that put us? | ||
| Because this is kind of a unique time in history. | ||
| Nixon went off the gold standard in the early 70s, and now the world looks like it's going back to it. | ||
| Where do you think this puts us, given the fact we haven't shown the discipline yet, To be able to make these cuts. | ||
| Brother Walsh is going to get into this more craziness on net carbon zero where we're actually taking an industrial society like Germany has and we're kind of de-industrializing in front of our eyes. | ||
| That's what we're doing. When they say net carbon zero, it's de-industrialization. | ||
| Philip Patrick. Listen, it's exactly spot on. | ||
| And if we're watching central governments around the world buying gold at the levels that they are, it is a vote against the US dollar. | ||
| And I think it's for the reason that you mentioned. | ||
| They understand that right now the US is not serious about Reducing debt, they're going to continue down the path of money printing, and we all know where that ends. | ||
| It ends in a dollar that is significantly devalued. | ||
| Gold and the dollar have an inverse relationship, right? | ||
| So this is the way that central governments hedge against their currency exposure. | ||
| Using gold. And like I said, it's a bet against the US dollar. | ||
| And until we can get our stuff together, I think it's going to continue down that path. | ||
| And we all know where that ends. | ||
| So it's a dangerous situation. | ||
| Governments are hedging their exposure using gold. | ||
| And I think individuals heading into the year need to think about doing the same thing because it's a dangerous path that we're heading down and it only ends one way. | ||
| Have you seen, as the analyst over there at Birch Gold, have you seen anything in our budgetary process, anything in this debate to date that shows you that there's the political will right now, given—and I give a hat tip to McCarthy, put the opening bid—but that there's any political will with the Senate, the White House, the media to really get the nation's finances in order, sir? | ||
| No, the answer is not really. | ||
| Even the bill that McCarthy put forward, I think he had to do it because anything else would It would have been met with an immediate no, but I think he had to put forward a bill that would appeal to the Democrats. | ||
| This does. It doesn't really curb spending dramatically, and there's no will on the side of the Democrats at this point to accept it. | ||
| So across the board, it doesn't look that way. | ||
| We need something more dramatic, as we know. | ||
| I think this was a starting point, but it's a reflection of a lack of political will to curb spending on both sides, I think. | ||
| And look, we've got GDP now at 1.1 % growth. | ||
| We've got core inflation still up. | ||
| You're getting to stagflation. | ||
| Bloomberg's getting the headlines that we've been talking about for months and months and months. | ||
| Now, this is why I need people to do two things. | ||
| Number one, you are the chairman of the credit screen. | ||
| You've got to get up to speed on this whole debt ceiling. | ||
| We talk about it every day. | ||
| But we've got – Philip and I have put together something. | ||
| And I'm really proud of the fact that we started it months ago knowing that this would be a big deal. | ||
| Yeah. And I say it's like ripped from today's headlines. | ||
| So go to birchgold.com slash ban, and you get the end of the dollar empire. | ||
| It's not that we want the end of the dollar empire, but we're hurtling towards it. | ||
| And the natural resource holders throughout the world are telling you they're voting with their—they're making decisions every day. | ||
| They're voting with their feet. | ||
| Central banks are voting with their feet by gold. | ||
| These guys are saying, I want to do transactions, something else besides the dollar. | ||
| The de-dollarization process has started— Even Foreign Policy Magazine says that. | ||
| So go to birchgold.com slash Bannon. | ||
| You get the third in the series, free installment, the debt trap, but you also get the first couple of politics of money, the end of the dollar is a prime reserve currency, and you can go get all the information on your IRA or 401k or just talk. | ||
| To one of Philip's guys about precious metals. | ||
| Now, I'm not here to give you financial advice, but I'm here to give you access to information you have to immerse yourself in. | ||
| This is a homework assignment. | ||
| Like I said, people are going to have to work weekends now because we're in a crisis. | ||
| Philip, how do people get to you and how do they follow you? | ||
| Yes, it's really simple. On Getter, at Philip Patrick, on Getter. | ||
| And again, for information on precious metals, birchgold.com forward slash Bannon. | ||
| And you can get an analyst. | ||
| By the way, is the GDP, the number coming out of the Atlanta Fed at 1.1%, or the overall number, and the other ones that kind of called it? | ||
| How much does that concern you? | ||
| It's a huge concern. | ||
| Listen, there are no numbers at the moment coming out of anywhere that are positive. | ||
| I have not seen a situation like this in the U.S. in my lifetime, and the path that we're heading down is a disaster. | ||
| No surprise with the GDP number, but not encouraging. | ||
| Okay, I want everybody to go over and check out one of Philip's guys over the weekend and get some money on the phone and start talking to him about precious metals. | ||
| Philip Patrick Birchgold, thank you. | ||
| Thanks, Steve. Thank you for helping me with the debt trap. | ||
| Make sure everybody goes there today to get it. | ||
| I wanted to go back and talk about the specifics because this is the insanity. | ||
| First off, the world's in a de-dollarization process. | ||
| You know why? Because they know we're not serious about taking care of a financial situation. | ||
| So de-dollarization... | ||
| is also a subset of de-industrialization. | ||
| They see the advanced democracies, they see the advanced industrial West de-industrializing with really no plan. | ||
| You agree? And no real intellectual... | ||
| I want you to walk through and pop up these charts. | ||
| I want to spend a couple minutes on South Carolina because this is not some radical state. | ||
| This is South Carolina. Which has had the Mercedes plants. | ||
| I mean, Nikki Haley makes her campaign on how she's brought in foreign investment to South Carolina. | ||
| They did it because of a great workforce, a great regulatory environment, and plentiful and cheap energy. | ||
| And now you have they're actively making decisions today. | ||
| And these decisions you can't unwind, correct? | ||
| These are massive decisions that are tough to unwind. | ||
| Walk me through it. I want to show that chart. | ||
| Very long-term effects. | ||
| Just to close off on the Santee Cooper example, Santee Cooper is in the middle of a fast-growth area, 2.2 percent to 2.5 percent per year population growth. | ||
| They'll need 80 million megawatt-hours of electricity produced by 2050, clearly. | ||
| As the population grows. As the population and industry grows, this plan that converts their coal capacity over to solar, wind, and a little bit more gas results in a 38 % shortage in megawatt hours that they'll need to facilitate just a 2.2 % per annum population growth that they've been experiencing for the last 10 years and more industries showing up. | ||
| They'll be 38 % short. | ||
| Because of plentiful, cheap energy. | ||
| And they have that now. | ||
| That's what I'm saying. That's what's drawing people because the cost of living is lower, there's plentiful jobs, all of that. | ||
| And the statehouse plan is to eliminate that by eliminating the coal resource and then turning the place into saying beggar they neighbor. | ||
| They'll then have to go to Duke Energy and other regional utilities. | ||
| But this is the problem with this now. | ||
| The regional and national utilities are all doing the same thing. | ||
| They're no longer building capacity for their neighbors. | ||
| They're doing the same as this. | ||
| They're displacing a lot of coal and nuclear assets with very part-time intermittent renewables, causing a shortfall in electricity across the board, meaning Duke Energy, as in the past they might be there to support this deficit, will not be. | ||
| Because they're doing exactly the same thing. | ||
| They're shortening their net megawatt supply because of the introduction of all of this part-time stuff. | ||
| Renewables, solar that's about 18 percent of the time operational, wind that on land is only about 37 percent of the time operational. | ||
| When you displace nuclear and coal with that, you've got a power shortage. | ||
| So there will be nowhere for the Santee Cooper ratepayers to go to make up the deficit of 38 percent that this plan will bring them. | ||
| Nationally, it's identical. | ||
| When you look across the country, we have a quick minute. | ||
| I've got a chart. I'll describe it. | ||
| Give it to that camera right there. | ||
| It's going to be hard to see it. See this camera right here, right there. | ||
| This is the national picture of a stacked bar chart of what's happening to electrical capacity in the country. | ||
| It starts where we are today, about 1,150 gigawatts of power in all of our power plants collectively, growing to... | ||
| Is that... That's where we start. | ||
| Here we are right here, and that's where we are. Supposedly it's $1,650. | ||
| I don't like that chart. What's that yellow? | ||
| Looks like we're growing. What's the yellow? | ||
| But what we're doing here, and the consultants are doing this. | ||
| McKinsey, Booz Allen, Anderson Consulting, they're doing this. | ||
| Give me still a close-up on that. They're adding solar, which runs 18 % of the time, and wind that runs 38 % of the time. | ||
| It's a fantasy. As whole values of 530 gigawatts to the beginning total, when really when you restate these for their actual use, for their actual capacity, the wind and solar on average run only 20 % of the time. | ||
| So when you fracture those numbers down, you're really at about 151 gigawatts. | ||
| It's a fantasy. It's a fantasy. You're replacing all you're doing here for, this is, I call it the trillion dollar trip. | ||
| Yeah. The cost of this trip to the nation is a trillion dollars. | ||
| Of shutting down 70 % of our coal resource, shutting down more of our nuclear resource, and displacing it with an equivalent amount in energy production of part-time wind and solar. | ||
| The basis of Trump economics is full-spectrum energy dominance, okay? | ||
| What you see right here is not doable. | ||
| What did Rosendale say at the top of the show? | ||
| The one up in Montana, the wind farm in Montana, has got heavy government subsidies. | ||
| All this means you're going to have massive subsidies to make these things work, correct? | ||
| There's $350 billion of taxpayer money to support the wind and solar, and inside of the solar and the battery storage, small increment here, $400 billion of Chinese procurement of thin-film PV solar panels and lithium-ion batteries from China to facilitate this tiny growth in electricity capacity. | ||
| Geostrategically, we're good. | ||
| Geostrategically, I want to go back to you. | ||
| By the way, there's an internal logic to de-dollarization. | ||
| There's an internal logic why people are looking for precious metals now as a hedge against this. | ||
| This they see as insanity. | ||
| Your thing about there's 13 nations, the advanced post-industrial information economy countries that are on this net zero carbon kick. | ||
| And the rest of the world with six billion people and the vast majority of resources are going crazy. | ||
| That's insanity. First of all, they're not going to be buyers ourselves, so why should we support it? | ||
| We're going to go a different direction. | ||
| And the number one thing we've got to do is get off the U.S. dollar in the SWIFT system because they've got a chokehold on us, right? | ||
| And that's why they're buying so much gold, is to back up also their currencies, which obviously don't measure up. | ||
| And people say, Steve, how do you say this? | ||
| Because the trade-off of the dollar loss versus the currency is not that. | ||
| It's to natural resources. | ||
| That's the comparison you have to make. | ||
| This is treacherous, and this is what our elites... | ||
| This is where I lead to driving. | ||
| And I'm telling you, if you're a working-class person or a middle-class person, if you're a person under 40 years old, Just project out what 2050's going to look like. | ||
| That's a fantasy. That is a fantasy. | ||
| They will not be able to produce the type of cheap, plentiful energy we've had, correct? | ||
| No, right. The end of this journey, this trillion-dollar journey, lands us in electrical capacity at exactly where we are today. | ||
| No change. While we're going to have 19.5 % population growth per normal in that time period, about 2 % per year, hopefully GDP growth in that time period. | ||
| It usually translates to electricity need. | ||
| This takes us to a net zero change in electricity outcome. | ||
| No new electricity. While we're talking about EV adoption, we're talking about gas to electricity. | ||
| This is why there's no national debate on this. | ||
| This is why you've never had a national... | ||
| One thing about the McCarthy plan I do like is they start to question some of these assumptions. | ||
| Not enough, but we've got to get better. | ||
| And the trillion dollars spent by utilities winds up being private debt, because they'll finance 70 percent of that. | ||
| 700 billion in private debt. Real quick, is one of the reasons utilities and other consulting state houses pushing this because of the churn, there's a lot of money to be made by a lot of people here, not the middle class or working class, but somebody's going to make a ton of money on this? | ||
| In the states with regulated generation utilities, unfortunately they are motivated to like this because they get In those states, a guaranteed rate of return on their capex that comes faster than the return they get on their operating cost pending. | ||
| Meaning, when Nextera or Duke Energy invests in new capacity that's dollarized, they get a dollarized 9%, 8 % to 9 % guaranteed rate of return on that dollar investment they make, independent of the low energy capacity it may have. | ||
| If you vote for this, You hear about de-dollarization? | ||
| This is called pauperization. | ||
| You're going to be a pauper. This is the Russian surf model. | ||
| If you're under 40 years old, vote for this crap. | ||
| Don't say nobody warned you, because we're warning you here. | ||
| Short commercial break. Dave Walsh. | ||
| I'm going to go to the border. I've got Ben Berquam to see what's in store for you when Title 42 lifts next in the war room. | ||
|
unidentified
|
This new one looks pretty good. | |
| Really? Did you know Ron DeSantis backed deep cuts to Social Security and Medicare? | ||
| Ron DeSantis? Yeah. | ||
| He voted to cut Social Security or Medicare not once, not twice, but three times. | ||
| DeSantis even tried to raise the retirement age to 70. | ||
| I thought DeSantis was one of the good ones, but he's just another career politician. | ||
| America needs Trump. | ||
| Make America Great Again, Inc. | ||
| is responsible for the content of this advertising. | ||
| Man, welcome back. I got a laugh out of Dave Walsh, man. | ||
| That's saying something. It's a good spot. | ||
| Governor DeSantis, you got to come home and you got to answer that one on Social Security. | ||
| By the way, go to Trump45books.com. | ||
| This thing's extraordinary. It's a document of the great and good of the late 20th century and early 21st century. | ||
| And man, it is funny. | ||
| It's touching. You see the human side of President Trump. | ||
| You've got all the sports stars, the cultural stars, letters they wrote to him, responses he gave, and he's got commentary and observations. | ||
| It's incredible. Make sure you put in promo code WARM. Everybody gives WARM a special deal. | ||
| Here you get free shipping, and hey, the thing weighs a ton. | ||
| It's a coffee table book. | ||
| It's a conversation piece. | ||
| It's a great gift for Mother's Day or Father's Day. | ||
| By the way, put it on the coffee table. | ||
| It'll list a lot of comments, and you'll get some friends over there, flip to it. | ||
| They'll see a different side to President Trump. | ||
| So that's 45books.com, and make sure you put in a word for free shipping and handling. | ||
| Do that today. Get all over top of it. | ||
| I want to go to Anthony Aguero. | ||
| Anthony, you're in Beeville. Title 42 is going to come off. | ||
| Andy Biggs told us that the administration or people there are telling officials in Arizona, Customers of the Border are telling officials in Arizona, 700,000 to a million amnesty speakers, asylum speakers, or illegal aliens are on the northern border of Mexico from Tijuana to Beeville, and they're getting ready to come across. | ||
|
unidentified
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Give me your assessment, sir. They're already coming across, Steve. | |
| This has been no deterrent. | ||
| The fact that Title 42 is still in place has been no deterrent. | ||
| For the majority of the people that we see behind us are predominantly from Venezuela. | ||
| And right behind us, we see a building that is operating as an NGO, which is part of the city of Brownsville. | ||
| They are basically acting as a middleman with all of the migrants that are being dropped off here by DHS and CBP. So as they get dropped off here, they give the migrants a list of hotel rooms that is available to them. | ||
| And the migrants go online on their phones that have been given to them by our government. | ||
| And they are able to find that the prices online are about a $40 to $50 discrepancy. | ||
| So this particular location is overcharging migrants to be let out of their facility. | ||
| So the migrants are getting really impatient. | ||
| Some of them were allowed to come out of the building because they have no money. | ||
| And these people are now homeless living in the streets because there is no plan in place out here other than stacking them in hotel rooms that they have already chosen for them. | ||
| And same thing with the bus line. | ||
| That your government's paying for. | ||
| Ben, at 2 o'clock from Austin, you, Anthony, tell us what we're going to see in Real America's Voice, what the lineup's going to be, why is it important for people to watch today? | ||
| Yeah, later today, 2 to 5 p.m. | ||
| Eastern Time, Real America's Voice News. | ||
| We're booking up there right now to Austin, but we're still down here. | ||
| Matamortos, real quick, I just want to show you this to answer the question. | ||
| Does Joe Biden, do they know what's happening? | ||
| I just want to show you that excavator right there is making a pathway. | ||
| This would have been like on D-Day if the Germans would have invited the landing craft to come on shore. | ||
| We're making it easier because they know what's coming. | ||
| We're going to be talking about that tomorrow, 2 to 5, or excuse me, today, this afternoon, 2 to 5 p.m. | ||
| in Austin, Texas. Real America's Voice News will be there, me and Anthony, and the rest of the team. | ||
| You and Anthony are going to be there. | ||
| We've got Lara Logan's going to speak. | ||
| Chip Roy is going to speak. This is an all-star cast, and it's how many more is the question. | ||
| How many more? And this is really driven by the state of Texas, but it's the entire country, correct? | ||
| That's exactly right, sir. It's the entire country. | ||
| It's a rally. By the way, you and Anthony... | ||
| Anthony, real quickly, what's your social media? | ||
| How do people follow your reporting, sir? | ||
|
unidentified
|
They can find me on Getter, sir, at RealAnthony. | |
| And please follow our Rumble account at BorderWars on Rumble, Steve. | ||
| Thank you, brother. Ben, how do people get to you? | ||
| At Ben Berkwam on all social media at FrontlineAmerica.com. | ||
| And we just set up a substack, Frontline America, that'll be up there. | ||
| If it's not up today, it'll be up very soon. | ||
| You're doing the Lord's work, gentlemen. | ||
| Look forward to the rally this afternoon. | ||
| Thank you very much. Right here on Real America's Voice. | ||
| Stick around. Thank you, sir. By the way, we're going to start. | ||
| We're going to have Monica Crowley. | ||
| We've got Todd Binsman. This is what we did that kind of got overblown by the President Trump speech in New Hampshire. | ||
| You've got to see this. Todd Binsman is going to be talking about Title 42 being short of 700,000 to a million. | ||
| A potential invasion on the southern border. | ||
| And Monica Crowley will be here with senior executive in the Trump administration, the Treasury Department, to go through the administrative state, the war on Trump, and all of it. | ||
| You're not going to want to miss that, the second hour of the morning show. | ||
| Make sure you go to MyPillow.com, promo code WARWROOM right now. | ||
| You've got to keep the production lines open. | ||
| You've got the topper. | ||
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| This is the mattress topper, plus the new MyPillow 2.0 that'll both cool you down and have you at the right kind of elevation for your head. | ||
| So go check it out, MyPillow.com, promo code WARROOM. Got about a minute, Walsh. | ||
| I'm going to get you back. One thing, I want to hold it. | ||
| You're saying that the consultants and the people making money of this are lying to the American people and lying to representatives. | ||
| This trillion-dollar trip, you call it, will be worse than that, and people are getting bad information right now? | ||
| Yeah, what they're doing is adding as whole values the wind and solar at about 520 gigawatts that are actually restated for their useful time that they operate, really only about 151 gigawatts or 70 percent less, adding that to whole values of nuclear and coal that run all the time. | ||
| You can't do that. So when you do that, you wind up, I call it net zero. | ||
| We're at the same net position in 2030 on electricity generation as we are today, not to mention we'll have 19 and a half percent population growth, hopefully 19 to 20 percent GDP growth between now and then. | ||
| We'll need a lot more electricity before we get to EVs. | ||
| At Harvard Business School, we would say Walsh just cracked the case. | ||
| We're going to have you back, particularly in the studio. | ||
| The net result would be aluminum making, iron and steel making, petrochemical plants, chemical plants, ammonia plants for fertilizer, chemical plants, plastic and polymer plants will move offshore into the 170 countries that do embrace carbon fuels. | ||
| Not to the 13. They won't be able to afford to be here. | ||
| Trump, by the way, 45books.com. | ||
| You get a discount, free shipping. | ||
| Look at that. This thing is amazing. | ||
| The conversation piece, you're going to have a fantastic time with it. | ||
| The new book about President Trump, by President Trump. | ||
| Also, mypillow.com. | ||
| Make sure you go there. And Birch Gold, you've got it down. | ||
| We've got homework assignments. | ||
| Everybody works. We've got another whole hour coming up. | ||
| Everybody's got to work. | ||
| If you're going to save your country, save the republic. | ||
| I also want to go on the live chats. | ||
| Does Dave Walsh, Tom Brokow, doppelganger? | ||
| Unbelievable. Walsh, thank you so much. | ||
|
unidentified
|
Thanks, Dave. Dave Walsh, you're a good man. | |
| Okay, stick around for the next hour. | ||
| War Room, Monica Crowley, Todd Bensman, strap in. |
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