Jan. 25, 2024 - Bannon's War Room
48:54
Participants
| 
| Speaker | Time | Text |
|---|---|---|
| This is the primal scream of a dying regime. | ||
| Pray for our enemies. | ||
| Because we're going medieval on these people. | ||
| You're not going to get a free shot on 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? | ||
|
unidentified
|
MAGA Media. | |
| I wish in my soul, I wish that any of these people had a conscience. | ||
|
unidentified
|
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
|
War Room. Here's your host, Stephen K. Bannon. | |
| Thursday, 25 January, Yerba Lure 2024. | ||
| or...uh... | ||
| The world's on fire. | ||
| We're going to walk you through it and make sure you understand it. | ||
| But first, so Darren, this piece, and you put a piece up a while ago on this too, with this footage. | ||
| Clearly, this audience is very upset about this, and here's what they're upset about. | ||
| You've done an amazing job, Julie. | ||
| Kelly's done an amazing job, and we've had people with very limited resources. | ||
| Rahim Ghassan, Darren Beatty, Julie Kelly, have done a better job than all the media combined, with billions of dollars of resources. | ||
| But we're to a point, because now we're seeing where things translate into action, good things happen. | ||
| He's doing a great job, he's out there, but every couple of days I see where they've erased another tape or they've, we're missing, you know, a thousand hours of depositions. | ||
| So it's Benny Thompson, the Democrats, Raskin are just, it's smash mouth and they're laughing at you. | ||
| What do we need to do? | ||
|
unidentified
|
It's always best. | |
| When we have something in MAGA or the War Room Posse or War Room, when we get an official venue to adjudicate something, good things happen, right? | ||
| Good things happen because the facts happen to be on our side. | ||
| And we have to blow through the media lies and their narrative building. | ||
| What is your recommendation? | ||
| Because you're probably the leader here. | ||
| What is your recommendation? | ||
| And you worked in Trump's White House. | ||
| What's your recommendation? | ||
| of what we need to do to make sure that the Julie Kelly reporting, the Darren Beattie analysis, observations and reporting, the Raheem Kassam, what you guys have done is in some official place that we can adjudicate. | ||
| If we don't get to the bottom of the 2020 steal, and if we don't get to the bottom of what happened on J6 and who's responsible, who's really responsible for it, we can't go forward as a country. | ||
| Yeah, we can do policy, everything, but to move forward as a republic, we must get to the bottom of that and assign blame, sir. | ||
| Well, that's absolutely true. | ||
| And I just want to sneak in a really disturbing, but glaringly obvious issue here is that the Secret Service in this case was protecting Kamala Harris. | ||
| Kamala Harris was in the DNC building as the pipe bombs were there. | ||
| She studiously covered this up for almost a year and it leaked out and she still hasn't officially denied it. | ||
| Now, everybody listening to this, ask yourself this. | ||
| Kamala Harris is one of the most politically opportunistic creatures on this planet. | ||
| Why would she forgo the opportunity to milk politically the fact that she came within a hair's width of losing her life to this MAGA explosive device? | ||
| See, only explosive device associated with January 6th, and they don't milk that. | ||
| They don't say Kamala was in the building as the pipe bomb was there. | ||
| Joe Biden, who gave this big speech on the third anniversary of January 6th, saying what a horrible event of domestic terror, neglects to mention that his own vice president nearly lost her life to this bomb because she was in the building when the bomb was there. | ||
| How dark and how dirty and how damning and how embarrassing does the truth have to be for them to forego their direct political interests in milking this rhetorically as the major talking point of January 6th? | ||
| That just provides some intuition for the level of dirt that exists in this pipe on thing. | ||
| As for what we can do next, look, this story fortunately has reached escape velocity. | ||
| The regime can no longer suppress it. | ||
| Now they're in active damage control mode. | ||
| And what we really need, we've had the fighters from the beginning, people like Matt Gaetz, people like Thomas Massey, who I must say has been excellent on this and was responsible for getting this video out to the public, and he deserves credit for that. | ||
| But these people on the front lines, now we need everybody on board because of the stakes involved, which I described in the previous segment. The stakes are 2024 and the stakes are the weaponization of the national security state against the American people with January 6th as the chief pretext. | ||
| It's time to take this into the finish line. And I'm having conversations with people in the House and I've gotten encouraging remarks, but the thing is, there's the good cop and the bad cop. | ||
| First, we need to identify who this person is who discovered the bomb, and ask him all the relevant questions that we raise in the piece on revolver.news. | ||
| Ask him all the questions of, how did you guys know it was fake? | ||
| How did the Secret Service know it was fake? | ||
| How do you explain all the anomalies surrounding the remarkably coincidental discoveries of both the RNC and DNC bombs in perfect synchronization with the unfolding attack on the Capitol at around 1 p.m. | ||
| How do you explain all these things that we've been reporting on and unearthing for the past two, three years now? | ||
| We need to get them on record. | ||
| So that's the next step is getting this person on the video, identifying them and having them answer questions. | ||
| And there are people in the Capitol, they know who this is. | ||
| They've been stonewalling up until now, but I think we're going to make progress next week in terms of interviewing this guy. | ||
| And look, if they go back to stonewall mode, that's the point when we have to start, you know, letting the bad cop out. | ||
| But now, as a result of this public pressure, I think, you know, the good cop mode. | ||
| Let's see. | ||
| Let's see if they put their money where their mouth is. | ||
| Let's see if they're smart enough to do themselves a favor, because it's not just us who are implicated in January 6th. | ||
| Even the milquetoast Republicans, even the establishment Republicans are implicated in this. | ||
| It's in all of our interests to put this false, fake Fed's erection to bed. | ||
| 100%. | ||
| As a country, we gotta do it. | ||
| Okay, so what you're saying, because the War Room Posse, we're the bad cops, we'll stand down until you give us further guidance. | ||
| Darren, where do they get the revolver, where do they get your social media? | ||
| We got your back a thousand percent, but on this one, War Room Posse, you can rest on the ramparts until Field Marshal Beattie comes back and gives us further guidance. | ||
| Where do they go to get you? | ||
| Revolver.news, read the American Mind piece, read the piece with the video, watch the video, share it. | ||
| It's self-explanatory. | ||
| Ask yourself, final question that I asked before, why would Kamala Harris not milk politically the fact that she came within a hair's width of the January 6th pipe bombs? | ||
| Why has she been covering this up? | ||
| This scandal goes all the way to the top, folks. | ||
| So stay tuned. | ||
| It's unraveling. | ||
| I think the next two months are going to be very interesting. | ||
| Fantastic. | ||
| Amazing. | ||
| Just a programming note, tomorrow morning from 10 to about 10.30 for two segments, John Solomon, the John Solomon, is going to join us with some explosive investigative reporting about January 6. | ||
| So strap in for that one. | ||
| Thank you, Darren Beattie. | ||
| Thank you. | ||
| Jim Rickards, one of the smartest guys in the world on macro, on geopolitics, on politics, joins us. | ||
| Jim, and I'm so glad we could get you here right after New Hampshire, because you're a resident of New Hampshire. | ||
| There's been a sea change down here in the capital with the collapse of the amnesty immigration bill, you know, the codification of the invasion of our country. | ||
| A lot of that came from the exit polls in New Hampshire, what happened in New Hampshire. | ||
| You gave us a theory last time you were on that really resonated with the audience, saying you can't really understand politics until you understand the economics and the macroeconomics and back of political trends. | ||
| Put that in perspective in New Hampshire. | ||
| What happened? | ||
| You're a resident there. | ||
| What happened on Tuesday? | ||
| Yeah, thanks. | ||
| Thanks, Dave. | ||
| Great to be here. | ||
| I live in New Hampshire. | ||
| I got to vote in the primary. | ||
| Just some TV interviews at their New Hampshire headquarters. | ||
| So it's kind of right in the center of the whole thing. | ||
| It's really interesting. | ||
| You know, um, when you're, uh, you have a political opponent or you're trying to push some idea in the media or whatever, the truth doesn't matter anymore, except for certain channels, you know, this channel and certain others, but basically people care more about the narrative than the truth. | ||
| So the narrative that came out of New Hampshire goes something like this. | ||
| You know, Donald Trump won a very substantial victory that was expected, but yeah, he did a little bit better than some of the people expected. | ||
| But you know, they did exit polling for the Nikki Haley voters. | ||
| Now, New Hampshire is kind of a funny state. | ||
| It's only 30% Republican and 30% Democrat, approximately, in registration, which means 40% of the people in New Hampshire are registered as independents. | ||
| The biggest party in New Hampshire, if you want to think of it that way, are the independents. | ||
| But we have a funny system. | ||
| If you're an independent, you can walk in and request either ballot. | ||
| You can pick a Republican ballot or Democratic ballot and go vote. | ||
| So, um, a lot of independents, and I know, so I talked to people, I talked to people online, uh, you know, friends and so forth who lean liberal. | ||
| They got a ballot and they voted for, they got a Republican ballot. | ||
| They voted for Nikki Haley. | ||
| Uh, and that's where a lot of her support came from. | ||
| So the narrative was, look, yeah, Trump dominated the Republicans and got a very substantial percentage of the vote and all that. | ||
| But he can't win the general election unless he reaches out to moderates and people, the undecideds and moderates and independents and so forth. | ||
| And he didn't get them. | ||
| They went heavily for Nikki Haley. | ||
| But here's the thing. | ||
| The narrative is false. | ||
| So many of the independents who voted for Nikki Haley are never going to vote for Trump. | ||
| They hate Trump. | ||
| They're liberals. | ||
| They're progressives. | ||
| They're closet Democrats, whatever you want to call them. | ||
| They got the Republican ballot. | ||
| They voted for Nikki Haley just to stick it to Trump. | ||
| But they're never going to vote for Trump. | ||
| Trump didn't lose those votes. | ||
| He never had them in the first place. | ||
| So that's the first thing. | ||
| The Nikki Haley vote was largely a Democratic vote or independent, leaning Democrat. | ||
| And Trump didn't lose the thing because he's not going to get those votes. | ||
| Now, that's New Hampshire. | ||
| You go around the country. | ||
| You don't have these open primaries. | ||
| Some states you do, but many of them you don't. | ||
| So we'll get a much purer kind of Republican vote. | ||
| When people say, I don't think Nikki Haley is going to win South Carolina, I don't think Nikki Haley is going to make it to South Carolina. | ||
| I think she's going to withdraw before the South Carolina primary, which comes toward the end of February. | ||
| You know, the money's drying up and the momentum is not there. | ||
| So the other kind of narrative about this is that Um, you know, Trump can't win because he can't get the independence. | ||
| I don't believe that, but that's, that's the narrative. | ||
| But what every analyst is missing, you know, the top analysts, network TV, et cetera, they're underestimating or ignoring the role of third parties. | ||
| Now a typical third party year is, you know, you get a Jill Stein on the green party, she gets 1%. | ||
| 2% maybe, whatever. | ||
| At the margin, it can make a difference in a small number of instances, but it doesn't affect the national outcome. | ||
| But that's not true this year. | ||
| The models, you have to look at 1992, 1968, and 1912. | ||
| Those were the three years when the third party made a huge difference. | ||
| 1992, Ross Perot got zero states, but he got 19% of the vote. | ||
| Probably cost, almost certainly cost George H.W. | ||
| Bush The election. | ||
| 1968 is a funny year. | ||
| You know, it was George Wallace. | ||
| He mentioned George Wallace. | ||
| Oh yeah, he was some segregationist governor in Alabama and all that. | ||
| George Wallace won five states. | ||
| He actually wasn't just got a certain percentage, but he won five states in the electoral college. | ||
| Hubert Humphrey only won 18 states. | ||
| Go back to 1912. | ||
| Teddy Roosevelt lost the nomination. | ||
| He was competing with Taft. | ||
| He started the third party, the Bull Moose Party. | ||
| Pardon me. | ||
| The Bull Moose Party. | ||
| Uh, outperformed the Republican Party. | ||
| Uh, uh, the Bullmose Party got about 27%. | ||
| Republicans got about 24%. | ||
| And Woodrow Wilson only got 40, 40, uh, sorry, 41%. | ||
| But Woodrow Wilson won the election because Roosevelt and Taft split the Republican vote. | ||
| If you combine them, they were over 50%. | ||
| They would have won. | ||
| But Woodrow Wilson got over 400 electoral votes. | ||
| It was an electoral landslide because of that. | ||
| This year looks more like one of those years. | ||
| RFK juniors, you know, polling consistently around 15%. | ||
| Jill Stein's back in it. | ||
| Maybe she's a one or two percenter. | ||
| Not clear. | ||
| No labels. | ||
| I have some experience. | ||
| I worked with a... I was managing a campaign for a potential presidential candidate in 2012, and at the time there was a third-party channel called Americans Elect. | ||
| It ended up not doing much because they were okay with Mitt Romney, but there was a concern that the Republican would be a little more radical. | ||
| So I have a lot of experience in how you get on the ballot and how third parties actually work. | ||
| And I'm looking at no labels. | ||
| They're doing the homework. | ||
| By the way, it costs maybe $20 million or more to get on the ballot because you've got a lot of lawyers and groundwork and all that. | ||
| But I don't know who their candidates are going to be. | ||
| There's talk about Joe Manchin, John Huntsman, Dean Phillips, who was the Democrat who ran against Biden in the New Hampshire primary. | ||
| He may do it. | ||
|
unidentified
|
But the point is, they have a big footprint. | |
| Hang on for a second. | ||
| We've got to go to break and I want to take time on the Snow Labels and I want to take time on Carnell West and the rest of these independents because it could have a potential big impact. | ||
| Or it could peter out. | ||
| But right now it looks like they're polling consistently, collectively, above 10%, maybe as high as 15%. | ||
| Short commercial break. | ||
| Jim Rickards on the other side. | ||
|
unidentified
|
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! | ||
| Use your host Stephen K. Babb. | ||
| Strategic Intelligence is the newsletter. | ||
| Jim Rickards is the author, one of the smartest guys around. | ||
| Jim, how do they... I just want to tee the audience up as we go through this. | ||
| How do they get to your writings? | ||
| How do they get to your newsletter, which you put out? | ||
| This is a monthly, kind of gets people into your thinking. | ||
| Where do they go? | ||
| Yeah, thanks Steve. | ||
| We have a link at RickardsWarRoom.com. | ||
| So it's RickardsWarRoom.com. | ||
| Go there, you'll see all the information on the newsletters and also my book, Currency Wars. | ||
| It's funny, Currency Wars came out in 2011. | ||
| There's a subchapter on Russia, Ukraine, natural gas, and war. | ||
| So it was 10, 12 years ahead of its time, but it's still fresh. | ||
| So RickardsWarRoom.com is our link. | ||
| Thank you. | ||
| No, that's what got me to be a big fan when I read it. | ||
| We're going to get back to that in just a moment. | ||
| So you've got RFK, Stein, Cornell West, and a couple of others. | ||
| They don't really have, and RFK I think is trying to, but they're not going to be on a broad swath of ballots. | ||
| They'll be on some. | ||
| But No Labels, which had $70 million, has spent at least $20 or $30 on getting ballot access. | ||
| The thing they don't have right now is actually a candidate. | ||
| So as you walk through your theory that third parties are going to be big here, or important, How does that break down between the non-ballot access crowd that'll be on 1Z, 2Z states versus No Labels, which is everywhere but doesn't really have a candidate? | ||
| And I'm not sure the theory of the case that people are looking for a centrist, but walk me through your analysis of that. | ||
| Yeah, I mean, Joe Stein's on the Green Party, which is on the ballot in, I believe, almost all 50 states. | ||
| So she might be in the 1 to 2% category, but she'll be on the ballot. | ||
| No Labels is doing a good job. | ||
| I wouldn't underestimate R.F.K. | ||
| Jr. | ||
| is savvy, you know, political dynasty. | ||
| They've got the money. | ||
| They're working on it. | ||
| It takes time. | ||
| The good thing about R.F.K. | ||
| Jr., he can skip the primaries. | ||
| They're working towards November, obviously. | ||
| They're not worried about the primary season. | ||
| The Cornel West is interesting. | ||
| He's a neo-Marxist. | ||
| I don't, I probably don't agree with one of his policies, but he is brilliant. | ||
| He's brilliant. | ||
| He's articulate. | ||
| He's telegenic. | ||
| He's got that X factor you need to, you know, be on TV and appeal to people. | ||
| So again, Don't agree with his policies, but I respect his intelligence and his ability. | ||
| The point is, if that crowd, if all four of them, and you're right, some are going to be on some ballots, not others, but if they collectively get to 15, 20%, the last three or four elections, actually going all the way back to Bush Gore in 2000, they were about 1%, 1, 1.5%. | ||
| They were extremely close. | ||
| were about 1%, 1, 1.5%. They were extremely close. So you take a 15%, even a 15% factor or a 10% factor, that's heavily Biden looking, Biden people looking for another candidate. | ||
| They don't want to vote for Trump. | ||
| Fine. | ||
| Okay. | ||
| But you take 10 or 15% away from Biden. | ||
| Trump wins easily. | ||
| I would actually expect, and yeah, the popular vote might not win because you get 7 million more Democrats in California, but you could have an electoral college landslide. | ||
| That could, that could very well be the case. | ||
| There are other factors going on, Steve, that play into this now. | ||
| Um, you know, traditional immigrants come and they congregate in certain cities, you know, the Irish and Jewish populations in New York. | ||
| But, uh, the Arab population, Arab, uh, Arab immigrants and Arab Americans, uh, are heavily concentrated in Detroit. | ||
| And of course, Detroit's critical and Michigan's a swing state. | ||
| They are turning against Biden because of, um, because of what's going on in Gaza and Hamas-Israel, uh, war now, we don't have to Do a deep dive on the war, but it's there and they are very, very upset about Biden's position on that. | ||
| I'm not saying they're going to vote for Trump, but they may just stay home. | ||
| The other group that's fading really quickly, leaving the Democrats and actually going to the Republicans, going to the Trump, going to Trump, are African-Americans, but particularly African-American men. | ||
| Now there, that post traditionally 95% Democrat, 5% Republican. | ||
|
unidentified
|
Okay. | |
| So I'm not saying it's going to be 50% Republican, but even if you got 10%, a 10% shift towards the Republicans, African-Americans are 12% of the population. | ||
| So take 10% of 12%, that's 1.2%. | ||
| That by itself is enough to tip the election. | ||
| And part of what's moving African-American, first of all, they're very unhappy, you know, 50 years or longer of democratic rule in these blue cities and blue states, and they have nothing to show for it. | ||
| I mean, crime's worse. | ||
| Education's worse, etc. | ||
| But Biden's trying to ban menthol cigarettes. | ||
| An African-American man of a preference for menthol cigarettes. | ||
| I only smoked two packs in my life when I was 12 years old some time ago, but they were their menthol. | ||
| I was smoking Newports. | ||
| But the point is, things like that actually can tip behavior one way or the other. | ||
| So you've got a lot of things going on, and they all favor Trump. | ||
| The third parties will be predominantly Biden. | ||
| People looking for a home. | ||
| It all favors Trump. | ||
| You talk about enthusiasm, you talk about now, you know, these third parties. | ||
| Do you agree? | ||
| The issue set is our set. | ||
| You come out of New Hampshire, it's immigration and the inflation or the economy, which is tied to spending and how messed up the economy is. | ||
| Then you've had, here in the Capitol, you've had the collapse of the amnesty bill. | ||
| He's still trying to figure out what to do in Ukraine. | ||
| But yesterday, I don't know if we have the cut, Kane of Virginia, Who's a pretty loyal foot soldier came out and said they've got to get Biden to come to Congress on the War Powers Act because of what's happening in the Red Sea. | ||
| And he laid out the case that we've laid out. | ||
| You've got carrier battle groups there. | ||
| You're launching strikes into these Persian militia, you know, Houthi rebels in Yemen. | ||
| But it's just not defense of the carrier battle group anymore. | ||
| You're going on offense. | ||
| And he brings up the key point since most of the flags, the flags of the ships that we're protecting are not U.S. | ||
| carriers and they're all bound for Europe. | ||
| That you need to, you know, we need to kick in the War Powers Act. | ||
| He's got to come to Congress. | ||
| Is everything, is the issue set, as you see it, is that our issue set? | ||
| That's our wheelhouse about inflation, about the economy, about spending, and about invasion of the southern border, and now the total mismanagement of the beginning phase of the Third World War? | ||
| Well, they're all connected at some level, but just to kind of drill down on the, by the way, I just returned recently from the Middle East. | ||
| I was out in Dubai. | ||
| A thousand foot building. | ||
| I was kind of looking for the Dwight Eisenhower that carrier battle group is out there. | ||
| I didn't see it, but it was not far away. | ||
| But yeah, we've got aircraft carrier battle group and the aircraft carriers don't travel alone. | ||
| They go with destroyers and cruisers and submarines and a lot else. | ||
| And of course they are armed with nuclear missiles. | ||
| We have a nuclear missile submarine in the area. | ||
| And now the war is escalating. | ||
| Okay. | ||
| You start with Israel, Hamas, Gaza. | ||
| We see that, but that has now spread to Yemen, the Houthis, who are backed by Iran. | ||
| And at what point does someone want to take a stab at Iran? | ||
| Now, it's critical to understand that you have a warmonger State Department and a warmonger White House. | ||
| You can get down the list, Tony Blinken, Jake Sullivan, Victoria Nuland, and others. | ||
| They just want war. | ||
| And by the way, I would add Nikki Haley to the list. | ||
| One of the things I said the other day was don't underestimate the extent to which her weakness was partly involved with Ukraine. | ||
| Now, we have this debate going on in Congress, and you've heard to it with, you know, we've got to get the budget. | ||
| I think March 1st is the deadline, shut down the government on March 1st, which may not be a bad idea for other reasons, but that's what they're working against. | ||
| Now, we've heard about immigration, immigration, the border, you know, coming up with a bill, Langford working on that, etc. | ||
| It was all for show. | ||
| This is all about Ukraine. | ||
| The idea was there's a lot of resistance in the House and the Republicans to more aid for Ukraine. | ||
| Marjorie Taylor Greene has said against it and others. | ||
| And I think it's a waste also. | ||
| I mean, the Russians are winning, Ukrainians are losing. | ||
| Ukrainians are corrupt oligarchs. | ||
| They wear neo-Nazi insignia on their uniform. | ||
| How much more evidence do you need that this, you know, they canceled their elections? | ||
| How much more evidence do you need that this is an utterly corrupt regime that we're supporting and the idea we're supporting democracy? | ||
| Hey, they just cancelled the elections. | ||
| I'm sorry, there's no democracy in Ukraine. | ||
| But with that going on, they knew the aid would be unpopular. | ||
| So they said, okay, we'll throw the House Republicans a bone. | ||
| We'll give them some immigration reform that will sweeten the pot a little bit and then they'll vote in favor of the Ukraine aid. | ||
| They couldn't get there because even the Senate Republicans weren't that spineless. | ||
| And they know the House will reject it. | ||
| So finally McConnell the other day says, okay, forget the border. | ||
| You'll just keep that as an election issue, whether you like it or not. | ||
| And let's just vote on Ukraine. | ||
| But right now, there's no U.S. | ||
| money going to Ukraine. | ||
| That dried up. | ||
| We haven't approved anything new. | ||
| Europe has not approved new money for Ukraine because Hungary has a veto on the European Union. | ||
| So that's dragging on. | ||
| There's nothing going to Ukraine. | ||
| Zelensky's running around with his tin cup at Davos, but he didn't get any money out of it. | ||
| Came to Washington, got no money, etc. | ||
| Ukraine is really imploding. | ||
| And all Biden is trying to do, he's trying to prop up the war to get past the election. | ||
| Biden doesn't care about the Ukrainians. | ||
| He doesn't care how many Ukrainians get killed, by the way. | ||
| The number is approaching 500,000 at this point. | ||
| He'll do to them what he did to the… Is that what your sources are telling you? | ||
| They could be up to 500,000. | ||
| Is that Russian and Ukrainian or just Ukrainian? | ||
| Just Ukrainian. | ||
| And the Russians have had casualties, but nowhere near. | ||
| The kill ratios, you get various numbers, but 5 to 1 is a reasonable estimate. | ||
| Some are higher, but, you know, so yeah, the Russians have had casualties. | ||
| Of course, it's a war. | ||
| The Ukrainians, they're running out of men. | ||
| I mean, they're running out of money. | ||
| They're practically out of money. | ||
| By the way, a lot of the money just goes to pay salaries to these oligarchs and their cronies that I described earlier. | ||
| It doesn't go necessarily to the war effort. | ||
| They're running out of money, but they're running out of men. | ||
| They're running out of fighters. | ||
| And all the money in the world won't do you any good if you can't... They're stopping cars, dragging people out of cars, sending them into military training. | ||
| The wives are screaming. | ||
| People are leaving the country. | ||
| Yeah, this is falling apart very quickly, faster than I thought. | ||
| Odega has fallen, Marenka has fallen, you know, other key cities. | ||
| The Russians move very slowly. | ||
| Everyone's like, where's the big Russian offensive? | ||
| They take their time. | ||
| Just look at the Battle of Kursk, look at what they did on the Eastern Front in World War II. | ||
| They took two and a half years. | ||
| They were in no hurry, but they annihilated, they killed five million Germans. | ||
| Yeah, by the way, not just 5 million Germans, 5 million of the best of the Wehrmacht ahead, right? | ||
| The guys at the beach at D-Day, we're very thankful for the casualties. | ||
| Jim, hang on for one second, we're taking a short commercial break. | ||
| Strategic Intelligence, the author of Reparadigm Press, that newsletter, Jim Rickards, one of the most informed guys in the world. | ||
| When we come back, I'm going to ask you about Dubai. | ||
| When you go to a place like that, what type of information you pick up and what's their attitude? | ||
| That's the new rising financial center for New York, the city of London, Singapore, Tokyo, Dubai rising. | ||
| Next in the world. | ||
|
unidentified
|
Here's your host, Stephen K. Bamm. | |
| K-Bowl. | ||
| You Jim, when you go to a place, you know, we covered this a couple weeks ago, I think, when Ray Dalio and people were there, and we were talking to people, hey, they're talking Dubai up as a new international capital market. | ||
| It's one of the reasons we have two carrier battle groups in the area. | ||
| At the same time, UAE, which is, I think, used to be our best ally with MBZ and always punched above their weight, Part of now the de-dollarization effort, at least the way it's been reported about the Chinese, about them doing long-term oil deals with the CCP and the CCP's currency, just like the Saudis. | ||
| But when you go there, I think what people look to you is that, hey, this guy is the inside baseball guy in the capital markets of the world. | ||
| When you go to a place like that, the people you meet, I mean, walk us through how you get a sense of things. | ||
| How do you see what's the signal and rule out the noise? | ||
| Sure, I think I qualify as an old Dubai hand. | ||
| My first visit to Dubai was 1981. | ||
| And when I was there, there was only one high rise in the whole place. | ||
| There was a couple of avenues along Baniyas Road. | ||
| They were two-story buildings, brick, stucco, whatever, mud homes. | ||
| The two biggest activities were pearl diving and offshore banking. | ||
| I was in the National Council of City Banks, so I was there for the offshore banking part. | ||
| But it really was not much more than a village. | ||
| It has boomed. | ||
| Amazingly, but I've been back many times and every time I go back, it's a new city, like the old city's there and they build a new city. | ||
| I was in a building, it was well over a thousand feet high, you know, 85 stories. | ||
| And it was in the middle of nowhere. | ||
| I mean, adjacent to the developed part, but it was kind of out and it was the head of this, I was a guest of Ahmed Sultan bin Sulaym, who was the head of the Dubai Multi-Commodity Center, the largest free trade commodity center in the world. | ||
| So I'm in his building, but it's 1,000 feet high. | ||
| But I said to the staff, I said, hey, nice building, but you're in the middle of nowhere. | ||
| He said, oh, no, you don't understand. | ||
| We're going to put seven skyscrapers around it in the year ahead, and two of them are going to be bigger than the one you're in. | ||
| This is going to be bigger than Times Square. | ||
| I said, oh, I get it. | ||
| You build a new city every couple of years. | ||
| It really is booming. | ||
| It's not phony. | ||
| You look at Singapore in the east and London, New York in the west. | ||
| Dubai's right in the middle. | ||
| It's got a good time zone. | ||
| And it's friendly to kind of everybody. | ||
| Yeah, Americans are welcome there. | ||
| But the Russians do an enormous amount of business there. | ||
| A lot of Russian wealth is there. | ||
| There's a lot of gold there. | ||
| You kind of know where some of the vaults are. | ||
| So it really is amazing in that regard. | ||
| But I was... So I was a guest of, you know, Alkin bin Salaim. | ||
| And he's the head of the DMC. | ||
| I was a keynote speaker at his conference. | ||
| But what was interesting is that It was just a few days before COP28. | ||
| That's the UN Global Climate Conference that they have once a year. | ||
| I think there were 70,000 people who came in. | ||
| Dubai has a certain population, but they came in just for that. | ||
| One of the PR assistants said, Jim, could you do a live radio interview tomorrow morning? | ||
| I said, sure, I'm here. | ||
| It was something called Dubai Eye, which is the largest It was Drive Time Radio. | ||
| It's the largest live radio program in the Persian Gulf. | ||
| It's broadcast all over the place, so it's a pretty big platform. | ||
| And people look at my resume and they go, oh, he went to four top universities, two law degrees, a degree in international economics, went to all the right schools. | ||
| He must be one of us. | ||
| He must be a Davos man, so we'll put him on the air. | ||
| But they don't actually do any pre-production, so I'm on the air, and we do the gold thing, which is why I was there, and the currency issue, and some of the issues you raised, Steve. | ||
| We get to the end of the interview and the guy goes, the good anchor, he says, well, we've got COP 28 coming up. | ||
| What do you think? | ||
| And I said, well, first of all, I congratulate Dubai on winning the host city. | ||
| That's a big deal. | ||
| And I said, I'm completely confident they'll do a great job hosting because they always do. | ||
| And by the way, this is part of the Green News scam. | ||
| The guy's face, you know, kind of drops. | ||
| I went on about how the whole thing is a scam, that windmills and solar modules don't work. | ||
| They work, but they're intermittent. | ||
| Solar doesn't work at night in bad weather. | ||
| Windmills don't work. | ||
| They freeze. | ||
| None of it's economical. | ||
| So I'll subsidize electric vehicles. | ||
| They peaked in 1905. | ||
| They were replaced by combustion engines. | ||
|
unidentified
|
They're not much more than golf carts, on and on. | |
| We can try to reboot him. | ||
| Just get to the punchline. | ||
| Jim Rickards is clearly renowned as one of the smartest guys in the world. | ||
| Strategic intelligence, you ought to get it. | ||
| His theory is that you can't understand politics without the economics. | ||
| Is one of the foundational elements of the War Room, one of the reasons I think this audience has been so powerful on Capitol Hill and so powerful in making the voice of MAGA heard, respected and feared, is what we've done on allowing you to see the tools and the understanding of macroeconomics and how it plays up here. | ||
| A lot of things are going on during the show today. | ||
| I just want to keep everybody up to date as we reboot Jim. | ||
| This two-pronged approach to fund the oligarchs, to fund the oligarchs in Ukraine, because Jim's right. | ||
| This has been McConnell in leadership. | ||
| I have been obsessed with how to get the $70 billion into Ukraine. | ||
| I did British TV last night, over at ITV, and Preston, Robert Preston, actually the show is quite interesting. | ||
| I followed the Labour leader, who in all likelihood may be the next Prime Minister, and they specifically were asking about the Ukraine. | ||
| I said, hey, President Trump solve it in 48 hours? | ||
| I said, yes, President Trump can solve it in 48 hours, but it's incumbent upon MAGA now To stand into the breach and support President Trump as we shut down the funding for Ukraine right now, because I said this vote, if it comes, you're gonna see that the MAGA movement, the Republican, most of the Republican Party, except for the old neoliberal neocons, are 100% against, particularly given our budget situation. | ||
| Anything, an additional penny to Ukraine. | ||
| I think we got Jim back up after a short technical problem. | ||
| You're getting to the punchline. | ||
|
unidentified
|
What did you tell the guy? | |
| I get to the end of the interview and I said, by the way, we probably need more CO2 because it's plant food and we rely on plants and they produce oxygen. | ||
| So we go off the air and the guy stands up and looks at me and goes, I'll probably be fired over this. | ||
| I said, no, you'll be fine. | ||
| But what was interesting, I went back to my conference, I went back to the hotel and the conference center, and everyone took me aside. | ||
| Quite a few people took me aside. | ||
| They said, Jim, we heard you. | ||
| We're glad you said it. | ||
| We agree with you. | ||
| So it's amazing that people, for whatever reason, don't want to speak up themselves. | ||
| They don't want to say those things. | ||
| But when you get on the air, big radio station, and say it, they take you aside and say, we totally agree. | ||
| Thanks for saying it. | ||
| We appreciate it. | ||
| I think that's significant, very encouraging. | ||
| Jim, hang on for a second, but this is the key point, and this is why you're kind of an outrider in the normal Wall Street hedge fund advisory and commentary business. | ||
| I want to go to that, because this sustainability, climate change, it's like a medieval theology now. | ||
| If you're not totally marching in line, you're going to be outed in corporate America, in the hedge funds, with the Larry Fink crowd, all of it. | ||
| Talk about how powerful that is, because people will come up to you and say, hey, thanks for speaking the truth, this stuff's insane, but I've got to go to COP 28 and toe the party line. | ||
| How powerful is the ability to other people in the financial community or in corporate America if they actually sit there and go, you know, this stuff's insane. | ||
| It's ridiculous. | ||
| This is like a cult. | ||
| Right. | ||
| Well, it's kind of what we said about Nikki Haley earlier. | ||
| The narrative prevails over the truth in the short run. | ||
| In the longer run, reality always wins. | ||
| They can have a narrative and it can be powerful, no doubt about it. | ||
| It can last a while, but eventually the narrative runs into a brick wall called reality. | ||
| And we're seeing it now. | ||
| I'm sure you heard the story with all these poor Tesla owners in Chicago. | ||
| It was like 10 below zero or something. | ||
| And they went to their charging stations. | ||
| First of all, the batteries were dying. | ||
| They lost the charge because that's what happens. | ||
| Any skier who took a cell phone to a mountain knows that the battery dies. | ||
| But then they wouldn't take the charge. | ||
| The battery actually wouldn't take the charge because you have to precondition the battery. | ||
| And they ended up getting towed away on flatbeds. | ||
| It was like a Tesla graveyard. | ||
| That's reality. | ||
| And they interviewed some of the people and said, I'm done with it. | ||
| You know, I'm not picking on Tesla. | ||
| It's true of any electronic vehicle, the Ford F-150 Lightning and so forth. | ||
| I'm done with it. | ||
| I don't want any more. | ||
| The resale values are plunging. | ||
| It hurts us dumping them. | ||
| So that's the reality. | ||
| The reality is they're golf carts. | ||
| They're fine on a golf course, but they don't really work well at all on the road. | ||
| And same thing with windmills. | ||
| They freeze in cold weather. | ||
| They get brittle. | ||
| So the UK had an auction for offshore windmill rights. | ||
| They said, OK, we're going to auction big blocks of the North Sea. | ||
| You can come, there are only a certain number of companies in the world that do this. | ||
| You can come build your windmills and just bid on it. | ||
| It was no bid, no bid. | ||
| Nobody wanted to do it. | ||
| They said, we can't make money. | ||
| You're capping the rates and so forth. | ||
| And of course, I'm sure you've covered, look at what's going on. | ||
| Europe's in a complete uproar with the farmers. | ||
| Germany, Netherlands, Poland, Romania, Denmark, they're all protesting for a lot of reasons. | ||
| But Netherlands, because they've gone off the deep end with the Green News scam. | ||
| But even in Germany, they want to remove some fuel subsidies. | ||
| And the farmers are like, we can't make money without the subsidies. | ||
| We used to have cheap energy from Russia. | ||
| You blew that up, literally blew it up at the Nord Stream Pipeline. | ||
| And now you want to take away the subsidies. | ||
| We're out of business and you're going to starve. | ||
| So the reality is sinking in now. | ||
| We're seeing a little more courage on the part of scientists. | ||
| It used to be just you'd have to find a retired You know, meteorologists, geophysicists from some research university to actually speak out against this. | ||
| But now, you know, active faculty, 1600 plus scientists have signed a manifesto that says there is no existential crisis. | ||
| Steve Kunin's book, he was Obama's, like, number one environmental guy. | ||
| So, you know, a liberal Democrat in the Obama administration. | ||
| It's coming outside. | ||
| There's no crisis here. | ||
| These models, by the way, all this gloom and doom here and hysteria, climate alarmism, et cetera, it's all based on models. | ||
| It's not based on actual data. | ||
| They input selective data and they get a certain output. | ||
| It's all rigged. | ||
| But they've shown the models don't, they can't even backtest correctly. | ||
| If you take the UN model and gave it data from 10 years ago, so we actually have the data. | ||
| We know what it is and say, tell us what the weather was like. | ||
| They can't do it. | ||
| They can't backtest. | ||
| So how can they forecast? | ||
| They can't. | ||
| But on the other hand, a lot of people are making money out of it. | ||
| They have control of Washington, Biden, I doubt he knows what's going on. | ||
| But hang on, we have a couple minutes left in this segment. | ||
| This transition, as we've had Dave Walsh on here, you're talking about a fundamental, Germany, I just did a big interview on German TV yesterday, I said Germany is de-industrializing. | ||
| This sustainability is essentially the de-industrialization. | ||
| That's where the farmers, the heavy hand on the farmers is actually destroying the agricultural revolution of, you know, 4,000 years ago. | ||
| These people are radicals. | ||
| It's like a cult. | ||
| But just give me a minute on the de-industrialization before we go to break, because this, the sustainability thing is trillions of dollars, but it's the opportunity cost that's going to kill us. | ||
| Yeah, I mean, I just bought a German sports sedan. | ||
| I love German cars. | ||
| They're the only ones I drive. | ||
| But, you know, I checked out the specifications. | ||
| The engine was made in Hungary. | ||
| No, that's OK. | ||
| The Hungarians are smart and they have good quality control. | ||
| But why are companies like BMW and Audi and Porsche outsourcing their engines to Hungary? | ||
| They're always made in Germany. | ||
| Well, the answer is the energy costs are too high. | ||
| And they used to have really cheap energy. | ||
| So Germany is de-industrializing. | ||
| You know, Angela Merkel spent 14 years Shutting every coal fire plant and as many nuclear plants as she could in Germany They were trying to make this transition to wind and solar But you need a bridge and the bridge was cheap Russian energy and they blew that up So now they don't have the bridge the other the endgame doesn't work and never will but if you want to Pretend that's fine, but that never works but they didn't even have the bridge to get there because they got rid of the cheap Russian energy because the war in Ukraine, so | ||
| So yeah, Germany is in recession. | ||
| 2023 is going to continue in 2024. | ||
| It is the fourth largest economy in the world. | ||
| It's not some, you know, odd lot. | ||
| And that's spreading, and you know, China's slowing, and so you can see a global recession coming. | ||
|
unidentified
|
Yeah, but the question I asked myself, Steve, is... Hang on one second. | |
| I want to give the punchline after the break. | ||
| We're going to take a short commercial break here. | ||
| Remember, the merger of A.I. | ||
| and cyber put your title at more risk than ever. | ||
| It's only 80 or 90% of your net worth. | ||
| Go to HomeTitleLock today. | ||
| Just check it out. | ||
| Immerse yourself in the information over there. | ||
| As Joe Allen reported from CES, it's the new merger of those two, cyber and A.I. | ||
| They're going to empower the cyber criminals. | ||
| Check it out today. | ||
| Short commercial break. | ||
| Jim Rickards on the other side. | ||
|
unidentified
|
Here's your host, Stephen K. Vance. | |
| Jim, do you get a sense, what's your sense of China right now? | ||
| Stock markets in the uproar. | ||
| They're imploding. | ||
| Bond markets imploding. | ||
| They're talking about massive deficits they've got. | ||
| The CCP is trying to plug holes. | ||
| What's your sense? | ||
| China is imploding. | ||
| There are a number of reasons for it. | ||
| I think the real estate collapse is very well known. | ||
| For decades, it was just, you know, the Chinese can't buy that much stuff. | ||
| They can't buy stuff overseas, by and large. | ||
| So they buy real estate. | ||
| It went up and up, and it's like a neat bubble. | ||
| It collapsed. | ||
| People have lost money. | ||
| They don't want to buy more real estate. | ||
| The other thing that's, you know, and then world trade is collapsing and China is the manufacturer of the world. | ||
| World trade is collapsing. | ||
| That means China is collapsing. | ||
| But the other factor, not well understood, is that there is a global dollar shortage. | ||
| And people say, well, gee, why would you like the dollar? | ||
| Debt, deficits, all out of control. | ||
| All true. | ||
| That'll have a long term impact. | ||
| But in the short term, dollar is still king of the hill. | ||
| And there's a global dollar shortage. | ||
| When you see China, Selling U.S. | ||
| Treasury securities to everyone else. | ||
| Oh, they're dumping Treasuries, getting out. | ||
| No, they're selling them to get dollars to prop up their banks, which again, but they're running out. | ||
| So the whole thing is slowing down enormously. | ||
| It's been an enormous waste. | ||
| I've been to China many times. | ||
| Not just in Beijing, I've been out in the country all over China. | ||
| Yeah, it's definitely imploding. | ||
| Jim, how do they get the newsletter? | ||
| People want to keep up with this. | ||
| You put out a monthly. | ||
| Where do they go to get it? | ||
| RickardsWarRoom.com. | ||
| RickardsWarRoom.com. | ||
| You'll find all the newsletters and also a copy of my book, Currency Wars, comes along with it when you get the newsletter. | ||
| I hope people enjoy it. | ||
| We put a lot of effort into it. | ||
| So, yeah, RickardsWarRoom.com. | ||
| Thanks. | ||
| Currency War changed my thinking about a lot of things. | ||
| Jim Rickards was talking about economic warfare even back then. | ||
| A book that was a couple of decades ahead of its time. | ||
| Jim, thank you so much for joining us here. | ||
| Love having you on. | ||
|
unidentified
|
Thanks. | |
| I know the audience does. | ||
| Okay, there's a firestorm going on up in Capitol Hill. | ||
| We're gonna be covering from 5 to 7 at night. | ||
| We come back. | ||
| Charlie Kirk's next, Jack Pasoba. | ||
| We've got so much political news and what's happening with Nikki. | ||
| She had a, I think it was in Dallas last night, 200 major donors. | ||
| So this thing about donors coming out publicly and saying they're not there, hey, that may be slowing them, but there's a lot of people that have her back, trust me. | ||
| So, and that's all to infiltrate Uh, MAGA and President Trump's second term with Globalist. | ||
| So we gotta keep an eye on that. | ||
| But here's the big thing. | ||
| Even Romney just came in a minute ago and said, hey, I don't know where McConnell is on this. | ||
| This would be a massive victory of all victories. | ||
| Don't buy the Morning Joe. | ||
| Oh, this is a solution. | ||
| It's the toughest bill ever. | ||
| This is a solution for the border to secure our border. | ||
| And of course, the far right wing MAGA movement, the ultra nationalist over at MAGA and President Trump don't want it because they just want to campaign. | ||
| No, we want to secure our nation. | ||
| We want to save this republic. | ||
| We want to stop the invasion. | ||
| Detention and deportation. | ||
| Detention and deportation. | ||
| This is why we, next time the CR comes up, no CR at all until you force Biden to the table to really have a negotiation. | ||
| This bill would codify the invasion of our country and draw hundreds of millions of new illegal alien invaders coming here under phony asylum. | ||
| You can't be an economic migrant and get asylum in the United States. | ||
| Full stop. | ||
| You just can't. | ||
| Otherwise, you're going to have a billion people here. | ||
| And it's not different. | ||
| They're logical. | ||
| You and I would do the exact same thing. | ||
| If you get a chance to get to El Norte and I can get in and get money and get health care and get all that, of course I'm going to go try it because I want a better life. | ||
| That's the great tragedy here. | ||
| Instead of working with those countries to make those countries more robust, to make their lives better, what the globalists do is impoverish them and then drive them to Western Europe and drive them into the United States of America to make your life force and destroy your country. | ||
| More of that 5-7 because, remember, McConnell's number one objective is to get that money to the oligarchs in Ukraine. | ||
| He's got to get that money laundering operation going for the child trafficking, the organ harvesting, the bioweapons lab, and who knows what else will eventually get there. | ||
| But who knows? | ||
| When you pick that scab, what pus runs out from it? | ||
| What's going to be gnarly? | ||
| And that's the other fight we got. | ||
| So 5 to 7 tonight we'll go through all of that. | ||
| Mike Lindell joins us. | ||
| Mike, I notice you're not up, still not up on, I don't think you're going to be back up on Fox until Nikki Haley gets the standing 8 count. | ||
| So tell me right now about what's the benefit to the war room posse to the detriment of the Fox, of the Murdoch News TV for stupid people viewers. | ||
|
unidentified
|
Well, I'll tell you that in a second. | |
| I want to tell everybody this afternoon, I'm going to have a big announcement. | ||
| We had a big breakthrough, Steve, with paper ballots hand-counted. | ||
| One whole state might be going that way. | ||
| So I'll have an update for everybody later this afternoon. | ||
| But in the meantime, everybody, this is big news. | ||
| In the meantime, everybody, yeah, the War Room Posse, the commercials we were going to do on Fox News, Which one of them was our blanket commercial. | ||
| We had all these blankets that came in. | ||
| Every kind of blanket you could imagine. | ||
| And throw blankets. | ||
| Blankets for your beds, your couches, your chairs. | ||
| As low as $29.99. | ||
| We're adding the free shipping. | ||
| These are all bonuses to the War Room Posse on your entire order. | ||
| Get all those blankets. | ||
| We've discounted them for the War Room Posse with that promo code War Room 800-873-1062. | ||
| And so they're lost. | ||
| We've even discounted more than the commercials were going to be on TV. | ||
| Just like the MyPillow 2.0, that commercial on TV was $39.98. | ||
| Here you're getting for $10 more off for the queen size, $29.98, $5 more for the king. | ||
| We've got the flannel sheets. | ||
| We've got the, we left, put everything that has been on sale or going on sale is on sale right now. | ||
| The six piece towel sets, and we still have those kitchen, by the way, the kitchen towels, we got all new styles in just this week of the kitchen towels. | ||
| Remember, we developed them so they actually dry, what towels are supposed to do, so. | ||
| Take advantage. | ||
| You know, I mean, they make these towels. | ||
| They feel good in the stores that they don't dry things, you know, and that's just like our bath towels, six piece bath towels. | ||
| So you guys at the War Room Posse, you have stood by us, we're standing by you. | ||
| And we're going to get through these times. | ||
| Amen. | ||
| People love it. | ||
| 800-873-106. | ||
| Hell yeah, we're going to get through stronger than ever. | ||
| We had to go through this journey. | ||
| We went through this journey together. | ||
| We don't screw Fox News. | ||
| Nobody cares about that. | ||
| TV for stupid people. | ||
| They don't move the needle. | ||
| Everybody knows that. | ||
| Warren Posse moves the needle. | ||
| You know why? | ||
| These people are hard-working Americans. | ||
| Mike Lindell, see you back here this afternoon, brother, for the big announcement. | ||
|
unidentified
|
I'll have that big announcement, everybody. | |
| Charlie Kirk's up next. | ||
| Mike Lindell's going to be with me. | ||
| We're going to be out in Las Vegas for two days. | ||
| Charlie Kirk's conference, pre-RNC, about what's got to happen there. | ||
| Ronna McDaniel's coming. | ||
| She's all over President Trump. | ||
| And Nikki, hey, whoa, whoa, whoa, whoa. | ||
| Too little, too late. | ||
| You provide the platform of these debates to do this. | ||
| So don't come in here now and say, we've got to get back to President Trump. | ||
| You need to get back to President Trump about nine months ago. | ||
| So I don't want to hear all that funny, happy, happy, clappy talk now. | ||
| Oh, Ronna's supporting President Trump. | ||
| No. | ||
| They provide a platform that gave Birdbrain a platform. | ||
|
unidentified
|
Birchgold.com slash Bannon. | |
| We're going to have the new one up, segment three, The Debt Trap. | ||
| Guess what? | ||
|
unidentified
|
Big, big, big fight on Capitol Hill. | |
| Coming on Ukraine. | ||
| No money for oligarchs. | ||
| How about that? | ||
| No money for oligarchs on Wall Street or in Kiev. |
Export Selection